Earnings Releases·Oct 28, 2026, 4:15 PM ET

EPR Properties — Third Quarter 2026 Earnings Summary

Revenue grew 8.6% year-over-year to $204.1 million for the quarter, while net income available to common shareholders surged 55.5% to $94.1 million and FFOAA per share rose 8.8% to $1.49.
Management raised full-year 2026 guidance for FFOAA per share to $5.49–$5.57, net income per share to $3.41–$3.49, and investment spending to $675.0–$725.0 million.
Strategic expansion included a new partnership with Live Nation for live venues and the acquisition of Life Time fitness properties, alongside a $1.6 billion credit facility extension and $179.6 million in senior note repayments.
The company executed $74.0 million in dispositions, including a $68.2 million private school sale, and secured $66.6 million in initial proceeds from forward sale agreements under its ATM program.
Dividends were increased by 5.1% to an annualized $3.72 per common share, while the net debt-to-gross assets ratio rose to 42% and net debt-to-EBITDAre increased to 5.0x.