EPR Properties Q3 AFFO per share rises; raises FY2026 earnings outlook
Overview
US experiential REIT's Q3 revenue grew 12% yr/yr
Q3 AFFO per share rose 10.8% yr/yr
Company raised 2026 FFOAA per share and investment spending guidance
Outlook
EPR Properties raises 2026 FFOAA per diluted share guidance to $5.49-$5.57 from $5.41-$5.57
Company lifts 2026 net income guidance to $3.41-$3.49 per diluted share from $3.03-$3.19
EPR Properties increases 2026 investment spending outlook to $675 mln-$725 mln from $600 mln-$700 mln
Result Drivers
INVESTMENT ACTIVITY - Co invested $172.4 mln in Q3 across eat-and-play, fitness, wellness, lodging and live venue properties
PORTFOLIO EXPANSION - Co highlighted broadening of experiential portfolio and new relationships, including entry into live venue category and addition of Life Time fitness property, per CEO Greg Silvers
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $204.10 mln | ||
Q3 Net Income Available to Common Shareholders | $94.14 mln | ||
Q3 AFFO Per Diluted Share | $1.54 | ||
Q3 Operating Income | $139.26 mln | ||
Q3 Pretax Profit | $100.90 mln | ||
Q3 Property Operating Expenses | $15.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the diversified reits peer group is "buy."
Wall Street's median 12-month price target for Epr Properties is $64.00, about 14.3% above its October 27 closing price of $56.01
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago
Reuters Recommended Reads
Oct 26 - Welltower Q3 normalized FFO per share rises 25%, guidance raised
Oct 27 - American Assets Trust Q3 FFO rises on higher rental rates; lifts outlook
Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)