Core Viewpoint - Investing in high-yielding dividend stocks, such as EPR Properties, can provide significant passive income opportunities due to their attractive dividend yields and stable cash flows [1][2]. Company Overview - EPR Properties is a real estate investment trust (REIT) focusing on experiential real estate, including movie theaters, eat-and-play venues, and fitness properties [4]. - The REIT currently offers a dividend yield close to 7%, which translates to nearly $350 of annual passive income from a $5,000 investment [2]. Financial Performance - EPR Properties expects to generate between $5 and $5.16 per share of funds from operations (FFO) in 2025, marking a 4.3% increase from the previous year [5]. - The company pays a monthly dividend of $0.295 per share, resulting in an annual payout of $3.54 and a dividend payout ratio of approximately 70% [5]. Investment Strategy - The REIT plans to invest between $200 million and $300 million in its portfolio this year, with $37.7 million already invested in the first quarter [9]. - Recent investments include a $14.3 million attraction property in New Jersey and various build-to-suit projects [9][10]. Asset Management - EPR Properties is strategically reducing its exposure to theater and educational sectors by selling properties, with plans to sell $80 million to $120 million worth of properties this year [11]. - The company has secured $148 million in experiential development and redevelopment projects to be funded over the next two years [10]. Growth Outlook - The current investment strategy is expected to support a 3% to 4% annual growth rate in FFO per share, which should align with a similar growth rate in dividends [12]. - If interest rates decline, the company may increase its investment rate, potentially accelerating growth [12]. Dividend Stability - EPR Properties' portfolio generates stable rental income, allowing for consistent monthly dividends and funding for portfolio expansion [13]. - The combination of stable cash flow, a conservative payout ratio, and a strong balance sheet underpins the REIT's high-yielding dividend [7].

EPR Properties (EPR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EPR broke out above the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.EPR co ...

Financial Data and Key Metrics Changes - The company's first quarter revenue increased by 4.7% year over year, reaching $175 million compared to $167.2 million in the prior year [6][28] - FFO as adjusted per share rose by 5.3% to $1.19 from $1.13 in the previous year, while AFFO increased by 8% to $1.21 from $1.12 [6][27] - The company is increasing its 2025 earnings guidance, with FFO as adjusted per share expected to range from $5.00 to $5.16, representing a 4.3% increase at the midpoint compared to the prior year [33][34] Business Line Data and Key Metrics Changes - The experiential portfolio comprises 276 properties, accounting for 94% of total investments, which are 99% leased or operated [11][12] - The education portfolio consists of 55 properties, which were 100% leased at the end of the quarter [11] - Percentage rents for the quarter increased to $3.3 million from $1.9 million in the prior year, primarily due to one early childhood education center tenant [29] Market Data and Key Metrics Changes - The North American box office for Q1 was $1.4 billion, down 11.6% year over year, largely due to the underperformance of "Snow White" [12] - However, Q2 box office through early May reached $1.1 billion, leading to a year-to-date increase of 17.1% compared to the same period in 2024 [13] - The company estimates the North American box office for 2025 will be between $9.3 billion and $9.7 billion [17] Company Strategy and Development Direction - The company is focusing on capital recycling, selling theater and education assets to reinvest in experiential properties [7][24] - New investments include a construction-themed attraction and a private golf club, reflecting the company's strategy to diversify its experiential portfolio [7][23] - The company aims to maintain disciplined investment spending, with a guidance range of $200 million to $300 million for 2025 [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of experiential spending, noting that consumers often seek affordable entertainment options during economic downturns [10][37] - The company is closely monitoring potential tariffs impacting the film industry but believes that the current film slate for 2025 and 2026 is largely unaffected [37][89] - Management highlighted the ongoing strength in the box office and the importance of a robust film slate for future growth [16][86] Other Important Information - The company sold 10 leased early education centers, generating net proceeds of $70.8 million and recognizing a gain of $9.4 million [25] - The company has a strong liquidity position with $20.6 million in cash and $105 million drawn on its $1 billion revolving credit facility [33] - The common dividend was increased by 3.5% to $3.54 per share annualized, expected to be well covered with an AFFO payout ratio of 71% [35] Q&A Session Summary Question: Can you provide more details on the golf investment? - Management indicated that the golf investment is in a private club with reliable income flow and opportunities for growth due to scarcity in the market [44][46] Question: What is the nature of the buyers for recent dispositions? - Management noted a robust process with multiple bids from quality buyers, including a private fund specializing in education [47][49] Question: How do you see the strength of consumers today? - Management observed resilience in consumer spending, particularly in experiential activities, despite some pressure on food spending [100][102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION EPR PROPERTIES FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Washington, D.C. 20549 Maryland 43-1790877 (State or other jurisdiction of incorporation or organization) For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission fi ...

EPR Properties (EPR) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Speaker0 And welcome to the EPR Properties q one twenty twenty five earnings call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question and answer session. Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time. I will now hand the call over to Brian Moriarty, Senior Vice President, ...

Core Insights - Rental properties are popular investments due to their ability to generate passive monthly income through rent payments [1] - Real Estate Investment Trusts (REITs), such as VNQ, also provide similar benefits by paying monthly distributions to investors [1]

Core Insights - EPR Properties reported revenue of $146.36 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.9% but a slight miss against the Zacks Consensus Estimate of $146.95 million, resulting in a revenue surprise of -0.40% [1] - The company's earnings per share (EPS) for the quarter was $1.21, significantly higher than the $0.75 reported in the same quarter last year, and exceeded the consensus estimate of $1.19 by 1.68% [1][4] - EPR Properties' stock has outperformed the Zacks S&P 500 composite, returning +15.3% over the past month compared to the composite's +10.6% [3] Revenue Breakdown - Rental revenue for EPR Properties was reported at $146.36 million, slightly below the average estimate of $146.95 million from three analysts, marking a year-over-year increase of 2.9% [4] - Mortgage and other financing income reached $17.04 million, surpassing the estimated $15.03 million by two analysts, and showing a significant year-over-year increase of 31.9% [4] - Other income was reported at $11.64 million, which fell short of the estimated $28.60 million from two analysts, representing a year-over-year decrease of 3.3% [4] - The diluted net earnings per share was $0.78, exceeding the average estimate of $0.63 from three analysts [4]

Core Viewpoint - EPR Properties reported quarterly funds from operations (FFO) of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.19 per share, and showing an increase from $1.12 per share a year ago, indicating a positive performance trend [1] Financial Performance - The company achieved revenues of $146.36 million for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 0.40%, but an increase from $142.28 million year-over-year [2] - Over the last four quarters, EPR Properties has surpassed consensus FFO estimates three times and has also topped consensus revenue estimates three times during the same period [2] Stock Performance - EPR Properties shares have increased approximately 13.4% since the beginning of the year, contrasting with a decline of -4.7% in the S&P 500 [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $1.25 on revenues of $149.91 million, and for the current fiscal year, it is $5.03 on revenues of $609.89 million [7] - The outlook for the REIT and Equity Trust - Retail industry is favorable, ranking in the top 26% of over 250 Zacks industries, suggesting potential for strong performance [8]

Exhibit 99.3 TABLE OF CONTENTS CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS The financial results in this document reflect preliminary, unaudited results, which are not final until the Company's Quarterly Report on Form 10-Q is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 2 ...

Core Viewpoint - Wall Street analysts anticipate EPR Properties will report quarterly earnings of $1.19 per share, reflecting a year-over-year increase of 6.3%, with revenues expected to reach $146.95 million, up 3.3% from the previous year [1]. Group 1: Earnings Estimates - The consensus EPS estimate has been revised 0.8% higher over the last 30 days, indicating a collective reevaluation by analysts [1]. - The consensus estimate for 'Depreciation and amortization' is projected at $40.71 million, slightly up from $40.47 million year-over-year [5]. Group 2: Revenue Projections - Analysts expect 'Revenue- Rental revenue' to be $146.95 million, indicating a 3.3% year-over-year increase [4]. - 'Revenue- Mortgage and other financing income' is estimated at $15.03 million, reflecting a 16.4% increase from the year-ago quarter [4]. - 'Revenue- Other income' is forecasted to reach $28.60 million, suggesting a significant year-over-year change of 137.6% [4]. Group 3: Market Performance - Over the past month, shares of EPR Properties have returned +9.8%, compared to the Zacks S&P 500 composite's +11.5% change [6]. - EPR Properties currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near future [6].