EPR Properties Reports Third Quarter 2026 Results
Key Highlights
- ➤2026 FFOAA guidance raised to $5.49-$5.57 per diluted share
- ➤2026 investment spending guidance raised to $675.0-$725.0 million
- ➤Third-quarter revenue $204.1 million, up 12.0% year over year
- ➤Third-quarter AFFO per diluted share increased 10.8% to $1.54
- ➤New $1.6 billion credit agreement extends maturity and lowers interest rates
Expert Statements
Greg Silvers, Chairman and CEO of EPR Properties
“Our third quarter reflects continued momentum across the business, with both strong earnings growth and a robust pace of investment activity,”
Greg Silvers, Chairman and CEO of EPR Properties
“We continued to broaden our experiential portfolio while adding important new relationships, including our entry into the live venue category with industry leader Live Nation, and the addition of a Life Time fitness and wellness property.”
Greg Silvers, Chairman and CEO of EPR Properties
“With our credit facilities and forward equity in place, we have the capacity to fund a strong pipeline of opportunities, and we are pleased to again raise our earnings and investment spending guidance.”
EPR Properties (NYSE:EPR) today announced operating results for the third quarter ended September 30, 2026 (dollars in thousands, except per share data):
Three Months EndedNine Months Ended September 30, September 30, 20262025% Change20262025% Change Total revenue$ 204,102$ 182,30612.0 %$ 581,433$ 535,4078.6 % Net income available to common shareholders94,13760,55455.5 %211,841189,92811.5 % Net income available to common shareholders per diluted common share1.220.7954.4 %2.752.4810.9 % Funds From Operations as adjusted (FFOAA)(1)117,391106,37710.4 %325,814295,43810.3 % FFOAA per diluted common share (1)1.491.378.8 %4.163.819.2 % Adjusted Funds From Operations (AFFO)(1)(2)121,069108,63411.4 %333,670300,52311.0 % AFFO per diluted common share (1)(2)1.541.3910.8 %4.263.889.8 % (1) A non-GAAP financial measure. (2) See "Non-GAAP Financial Measures" below for a change to the Company's definition and calculation of AFFO. The Company has recast AFFO for all periods presented to reflect this change.
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