Epr Properties · NYSE:EPR
Epr Properties — Q2 2026 Earnings Presentation
17 slides from Epr Properties's earnings presentation, Jul 30, 2026
Slide 1: Earnings Call Presentation Q2 2026
EARNINGS CALL PRESENTATION Q2 2026 EPR ta Properties" xperiential REIT®
Slide 2: Disclaimer
DISCLAIMER The financial results in this document reflect preliminary, unaudited results, which are not final until the Company’s Annual Report on Form 10-K is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-lo
Slide 3: Introductory Comments
INTRODUCTORY COMMENTS
Slide 4: Quarterly Highlights
QUARTERLY HIGHLIGHTS Executing Growth Strategy • Q2 revenue increased 10.1% & FFO as adjusted per share increased 12.7% • Set new post-COVID high for investment activity in single quarter of over $440M; reflects depth of opportunity & disciplined approach • Added Netflix as new partner through our a
Slide 5: Portfolio
PORTFOLIO
Slide 6: Investment Activity
INVESTMENT ACTIVITY Invested $440.8M in Q2 at average initial cash yield of ~8.5%, bringing YTD to $492.2M Second Quarter Acquisitions: previously announced 7 Attractions from Six Flags, 2 additional Attractions, 1 golf club and 1 hot springs Netflix House investment: Investment grade-rated corporat
Slide 7: Portfolio Overview
PORTFOLIO OVERVIEW Overall Portfolio $7.5B Gross Investments 346 Properties 99% Leased/Operated Experiential Portfolio Education Portfolio 95% of Investments 5% of Investments 291 Properties 55 Properties 57 Operators 5 Operators 99% Leased/Operated 100% Leased/Operated 7
Slide 8: Portfolio Update
PORTFOLIO UPDATE Portfolio Demonstrates Resilience with Portfolio Coverage of 2.0x Theatres: continuation of outperformance in Q2; ticket sales ~10% above 2025* • Younger demographic fueling comeback: 87% of Gen Zers & 82% of Millennials saw at least one movie in a cinema during the past 12 months**
Slide 9: Financial Review
FINANCIAL REVIEW
Slide 10: Financial Highlights: Quarter Ended June 30
FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE QUARTER ENDED JUNE 30, 2026 2025 $ Change % Change Total Revenue $196.1 $178.1 $18.0 10.1% Net Income – Common 61.1 69.6 (8.5) (12.2%) FFO as adj. – Common* 110.8 97.3 13.5 13.9% AFFO – Common* 111.8 95.8 16.0 16.6% Net Income/share – Common 0.79 0.91 (0.12
Slide 11: Financial Highlights: Six Months Ended June 30
FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE SIX MONTHS ENDED JUNE 30, 2026 2025 $ Change % Change Total Revenue $377.3 $353.1 $24.2 6.9% Net Income – Common 117.7 129.4 (11.7) (9.0%) FFO as adj. – Common* 208.4 189.1 19.3 10.2% AFFO – Common* 211.9 188.8 23.1 12.2% Net Income/share – Common 1.53 1.69
Slide 12: Financial Highlights: Coverage and Leverage Ratios
FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE QUARTER ENDED JUNE 30, 2026 Fixed charge coverage 3.4x Debt service coverage 4.0x Interest coverage 4.0x Proforma Net Debt to Adjusted 5.2x EBITDAre Proforma Net Debt to Annualized 5.1x Adjusted EBITDAre Proforma Net Debt to Gross Assets 41% AFFO payout 65%
Slide 13: Capital Markets Update
CAPITAL MARKETS UPDATE Debt › $3.3B total debt; $3.0B fixed rate or fixed through interest rate swaps at overall weighted avg. = 4.4% ATM Program › Entered into forward sales agreements for initial gross sales proceeds of $23.4M; average sale price of $59.70 per share › At June 30, 2026, total estim
Slide 14: 2026 Guidance
2026 GUIDANCE REVISED PRIOR GUIDANCE GUIDANCE FFO as Adjusted per share* $5.41 - $5.57 $5.37 - $5.53 Increase at Midpoint vs. Prior Year 7.2% 6.5% Investment Spending $600M - $700M $500M - $600M Disposition Proceeds $50M - $100M $50M - $100M Percentage Rent & Participating Interest $18.5M - $22.5M $
Slide 15: Closing Comments
CLOSING COMMENTS
Slide 16: Questions
QUESTIONS
Slide 17: EPR Properties
EPR Properties* The Diversified Experiential REIT’ 909 WALNUT ST., SUITE 200 KANSAS CITY, MO 64106 eprkc.com