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EPR Properties(EPR) - 2016 Q4 - Earnings Call Presentation
2025-06-27 14:16
Financial Performance - Total revenue for 2016 reached $493.2 million, a 17% increase compared to $421.0 million in 2015[23] - Net income attributable to common shareholders for 2016 was $201.2 million, up 18% from $170.7 million in 2015[23] - Funds From Operations (FFO) attributable to common shareholders for 2016 totaled $304.6 million, a 30% increase from $235.2 million in 2015[23] - Adjusted FFO attributable to common shareholders for 2016 was $308.0 million, an 18% increase from $260.3 million in 2015[23] - For the quarter ended December 31, 2016, total revenue was $130.8 million, a 17% increase compared to $112.0 million in 2015[22] Investment and Capital - 2016 investment spending totaled $805 million[13] - The company issued $450.0 million of 10-year senior unsecured notes with an annual interest rate of 4.75% in December[26] - Subsequent to year-end, the company prepaid $17.9 million in secured mortgage notes payable with an average interest rate of 6.1%[27] - Subsequent to year-end, the company issued 548 thousand common shares under DSPP for net proceeds of $40.8 million[28] Portfolio and Strategy - The company anticipates dispositions of $150 million to $300 million[20, 31] - The company expects investment spending between $1.30 billion and $1.35 billion[20, 31]