The combination of strong earnings growth, increased investment spending guidance ($400M-$500M), and dividend increase suggests confidence in future cash flows. The strong balance sheet provides flexibility to capitalize on investment opportunities. Monitor execution of the increased investment pace and theater portfolio reduction strategy.
Price Chart
Executive Summary
EPR Properties reported strong 2025 results with revenue growth of 2.9% and a 105.7% increase in net income available to common shareholders. The company introduced 2026 FFOAA per share guidance of $5.28-$5.48 (5.1% growth at midpoint) and announced a 5.1% dividend increase, while maintaining a strong balance sheet with $90.6 million cash and no debt maturities until August 2026.
Key Financial Metrics
Key Facts
- 2025 revenue increased 2.9% to $718.4 million with net income available to common shareholders up 105.7% to $250.8 million
- FFOAA per diluted share increased 5.1% to $5.12 and AFFO per diluted share increased 6.2% to $5.14
- 2026 FFOAA per share guidance of $5.28-$5.48 represents 5.1% growth at midpoint
- Announced 5.1% increase in monthly common dividend to $0.31 per share
- Completed $288.5 million in investment spending in 2025 and generated $168.3 million in disposition proceeds
- Strong liquidity with $90.6 million cash, no revolver balance, and no debt maturities until August 2026
Financial Impact
Revenue increased by $20.3 million (2.9%) and net income available to common shareholders increased by $128.9 million (105.7%) year-over-year
Segment Breakdown
| Segment |
|---|
| Theatres |
| Eat Play |
| Attractions |
| Ski |
| Experiential Lodging |
| Fitness Wellness |
Risk Factors
- Increased investment spending cadence may pressure returns if deployment is not disciplined
- Theater portfolio remains a strategic focus for reduction (36% of annualized Adjusted EBITDAre)
- Macro pressures on consumers could impact experiential spending
- Execution risk in transitioning Chief Investment Officer
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001045450-26-000003 |
| Exhibit: ex991-eprx12312025earnings.htm | 0001045450-26-000003 |
| Document: epr-20260225.htm | 0001045450-26-000003 |
| Document: q42025earningscallpresen.htm | 0001045450-26-000003 |
| Document: 0001045450-26-000003-index-headers.html | 0001045450-26-000003 |
| Document: 0001045450-26-000003-index.html | 0001045450-26-000003 |
| Document: 0001045450-26-000003.txt | 0001045450-26-000003 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 10w ago | Insider Cluster | $62.20 $59.99 | ▼ −3.55% | ▼ −3.16% | $55.71 (−10.43%) |
Aug 5, 2026 10w ago | 144 | $61.13 $59.61 | ▼ −2.49% | ▼ −1.89% | $55.71 (−8.87%) |
Jul 20, 2026 12w ago | 8-K | $62.17 $60.50 | ▼ −2.69% | ▼ −6.81% | $55.71 (−10.39%) |
Jun 24, 2026 16w ago | Insider Cluster | $58.94 $62.03 | ▲ +5.24% | ▲ +3.31% | $55.71 (−5.48%) |
Apr 28, 2026 24w ago | Court Ruling | $56.15 $59.16 | ▲ +5.36% | ▼ −0.11% | $55.71 (−0.78%) |
Mar 26, 2026 29w ago | DEFA14A | $49.03 $55.55 | ▲ +13.30% | ▲ +2.64% | $55.71 (+13.63%) |
Feb 25, 2026 33w ago | 8-K | $57.38 $49.20 | ▼ −14.27% | ▼ −9.03% | $55.71 (−2.92%) |
US Market Status
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