NYSE$EPR

EPR Properties · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong Q4 2022 results with significant earnings growth, driven by experiential investments and solid deferral collections.

EPR Properties reported a strong fourth quarter and year-end for 2022, demonstrating significant earnings growth and recovery from the COVID-19 pandemic. The company executed on its investment pipeline, collected deferred rent, and maintained a strong liquidity position.

  • Net income per diluted share and FFOAA per diluted share grew significantly for the year ended December 31, 2022.
  • Investment spending for 2022 totaled $402.5 million, focused on experiential acquisitions and development projects.
  • The company collected $4.6 million of deferred rent from accrual basis customers and $6.2 million from cash basis customers during the fourth quarter.
  • As of December 31, 2022, the company had $107.9 million in cash on hand and no borrowings on its $1.0 billion unsecured revolving credit facility.

Headline financials

Total Revenue

$179M

Previous: $155M+15.4%
EPS (adj)

$1.25

Previous: $1.08+15.7%
AFFO per diluted share

$1.27

Previous: $1.11+14.4%
Capital Expenditures

$403M

No prior period
Free Cash Flow

-$310M

No prior period
Net Income

$42.3M

Previous: $44.6M-5.0%
Operating Income

$77.9M

Previous: $30.6M+154.2%
Gross Profit

$148M

Previous: $142M+4.4%
Cash & Equivalents

$108M

Previous: $289M-62.6%
Total Assets

$5.76B

Previous: $5.8B-0.7%
Stock-Based Comp

$4.11M

Previous: $3.69M+11.6%

Revenue & EPS history

EPR · Revenue · Quarterly

$179M

Q4 2022+15.4%vs Q4 2021
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

EPR · $179M total across 3 segments · Q4 2022

  • Rental revenue
    $153M+11.1%
  • Other income
    $16.8M+85.9%
  • Mortgage and financing income
    $9.3M+8.8%

Forward guidance

Due to the uncertainty related to Regal's bankruptcy proceedings, the Company is not providing 2023 earnings guidance at this time. The company is providing 2023 investment spending guidance of a range of $200.0 million to $300.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+7.8%

Q2 2012

Best reaction

-7.8%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%+3.3%+1.7%
Q4 2025+4.2%+2.6%-16.5%
Q3 2025-5.9%-5.0%+0.3%
Q1 2025+2.4%+1.0%+9.6%
Q4 2024+1.6%+3.2%+0.8%
Q3 2024-3.1%-3.3%-3.1%
Q2 2024-1.0%-4.8%+3.8%
Q1 2024+3.7%+2.7%+1.1%
Q4 2023-1.0%+1.2%+2.3%
Q3 2023-1.3%-0.1%+9.9%
Q2 2023-4.4%-3.0%-0.4%
Q1 2023+2.4%+2.4%+2.3%
Q4 2022+1.2%-1.4%-15.2%
Q3 2022-2.0%+0.1%+6.3%
Q2 2022-1.1%-2.5%-19.2%
Q1 2022+1.4%-3.3%-3.8%
Q4 2021+4.2%+6.7%+12.4%
Q3 2021-1.1%-1.7%-15.1%
Q2 2021-2.3%-4.3%-5.0%
Q1 2021+0.4%-0.2%+8.3%
Q4 2020-3.9%+1.2%+1.4%
Q3 2020-2.1%+31.4%+32.9%
Q2 2020-0.4%+9.7%+13.7%
Q1 2020-5.0%-1.3%+59.4%
Q4 2019-3.8%-13.2%-60.8%
Q3 2019-1.0%-1.0%-8.6%
Q2 2019-0.6%-2.1%+4.8%
Q1 2019+0.2%+0.6%-0.5%
Q4 2018-1.0%-2.9%+3.3%
Q3 2018+3.6%+2.0%+6.7%
Q2 2018+1.1%+4.6%+6.7%
Q1 2018+3.6%+4.3%+8.3%
Q4 2017-7.8%-3.9%-4.0%
Q3 2017-3.1%-1.8%-4.8%
Q2 2017+0.5%-0.8%+1.0%
Q1 2017-3.3%-3.3%-2.3%
Q4 2016-1.3%-2.6%-5.4%
Q3 2016-2.8%-1.1%-1.7%
Q2 2016-0.8%-1.7%-3.2%
Q1 2016+1.1%
Q4 2015+3.2%
Q3 2015+1.4%
Q2 2015-1.8%
Q1 2015-0.9%
Q4 2014-3.1%
Q3 2014-1.7%
Q2 2014-3.2%
Q1 2014-1.0%
Q4 2011+2.2%
Q4 2013+2.3%
Q3 2013+0.9%
Q2 2013+0.9%
Q1 2013-1.0%
Q4 2012+3.1%
Q3 2012+2.9%
Q2 2012+7.8%
Q1 2012+1.7%
Q3 2011+1.2%
Q2 2011-5.9%
Q1 2010-1.1%
Q1 2011+0.0%
Q4 2008-5.4%
Q4 2010-5.4%
Q3 2009+5.5%
Q3 2010+5.5%
Q2 2009-1.6%
Q2 2010-1.6%
Q4 2009-1.6%

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