EPR Earnings Prediction
The chart below shows how EPR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EPR sees a -0.52% change in stock price 10 days leading up to the earnings, and a +1.81% change 10 days following the report. On the earnings day itself, the stock moves by -0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
EPR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
180.51M
-4.69%
4.28%
Gross Margin
71.82%
-2.10%
0.48%
Operating Margin
52.64%
-4.98%
1.08%
Net Margin
25.84%
-13.03%
-0.84%
EPS
0.53
-19.70%
3.92%
No Data Available
EPR Earnings Analysis
EPR Properties Corporation (EPR.N) Earnings Conference Call
Positive
Credit Facility Enhancement: 1. New Credit Facility: EPR Properties entered into a new $1 billion revolving credit facility, enhancing liquidity and providing more favorable terms, reflecting strong confidence from banking partners.
Strong Portfolio Demand: 2. High Portfolio Occupancy: The company reported a total investment of approximately $6.9 billion with 352 properties that are 99% leased, demonstrating strong demand for its experiential portfolio.
Box Office Guidance Increase: 3. Increased Box Office Guidance: EPR raised its box office guidance for 2024 to between $8.3 billion and $8.7 billion, up from a previous expectation of $8.2 billion to $8.5 billion, indicating a recovery in theater attendance.
Percentage Rent Surge: 4. Strong Percentage Rents: The company reported percentage rents of $5.9 million for the quarter, significantly up from $2.1 million in the prior year, driven by strong performance from theater operators.
G&A Expense Reduction: 5. Reduced G&A Expenses: General and administrative expenses decreased to $11.9 million from $13.5 million in the prior year, primarily due to lower payroll costs and professional fees, contributing to improved financial efficiency.
Negative
FFO Decrease Analysis: 1. Decline in FFO: FFO as adjusted for Q3 2024 was $1.30 per share, down from $1.47 per share in the prior year, indicating a significant decrease in funds from operations.
Revenue Decline Analysis: 2. Revenue Decrease: Total revenue for the quarter was $180.5 million, a decline of $8.9 million compared to $189.4 million in the prior year, primarily driven by a $15.3 million drop in rental revenue.
Impairment Charges Overview: 3. Impairment Charges: The company recognized impairment charges of $12.1 million on joint ventures due to the hurricanes' impact on their St. Petersburg Beach properties, fully writing off their carrying values.
Rising Interest Expenses: 4. Increased Interest Expense: Interest expense net for the quarter increased by $1.7 million compared to the prior year, attributed to higher borrowings under the unsecured revolving credit facility and decreased interest income on short-term investments.
Hurricane Damage Impact: 5. Negative Impact from Hurricanes: The hurricanes caused significant damage to the company's hotel properties in St. Petersburg Beach, leading to an anticipated inability to reopen until well into 2025, affecting overall operational performance.
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EPR Earning Call Sentiment
EPR Properties (EPR) Q3 2024 Earnings Call Transcript
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00:00
00:00
EPR.N
0.53%Positive
The earnings call provided mixed signals. Financial health shows stability with a moderate leverage position and fixed-rate debt, but impairment charges and high debt levels are concerns. The Q&A highlighted optimistic box office projections and strategic asset management but also revealed uncertainties, particularly with St. Pete assets. The market cap suggests moderate reaction, and while guidance was confirmed, it wasn't raised. Overall, the mix of positive and negative factors suggests a neutral stock price movement in the short term.