
EPR Properties Revenue Dips 1% to $698M as Experiential Portfolio Reshapes
EPR PropertiesDescription
What this story covers
EPR Properties' 2024 10-K reveals a 1% revenue decline to $698.1 million amid theater challenges and impairments, but resilient experiential assets like Topgolf drive 93.5% of rentals. Net income fell 19% to $146.1 million, with FFOAA at $4.87 per share covering dividends. Strategic divestitures fund $263.9 million in growth investments, maintaining 5.3x leverage and 99% occupancy in a $5.6 billion portfolio. Risks include tenant concentrations and economic volatility, hedged against rates and currency.
Story snapshot
CompanyEPR Properties
TickerEPR
VariantStandard detailed
Duration15:18
Filing type10-K
PeriodAnnual 2024
IndustryReal Estate & Construction
Accession0001045450-25-000051
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