Epr Properties · NYSE:EPR
Epr Properties — Q1 2026 Earnings Presentation
16 slides from Epr Properties's earnings presentation, 2026
Slide 1: Earnings Call Presentation Q1 2026
EARNINGS CALL PRESENTATION Q1 2026 “aa EPR Vaan Properties® The Diversified Experiential 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 Growth is Accelerating ► Delivered 5.9% Increase in Q1 FFO as Adjusted per Share ► Centerpiece of Strong Investment Momentum was the Announced Acquisition of $315M Portfolio from Six Flags ► Sustained Growth in Consumer Spending in the “Experience Economy” Increased 7% from 2024
Slide 5: Portfolio
PORTFOLIO
Slide 6: Investment Activity
INVESTMENT ACTIVITY Q1 Investment Volume was $51.3M Acquisition of VITAL Lower East Side VITAL Lower East Side Subsequent to Quarter End, Completed Acquisition of 6 Attraction Properties Formerly Operated by Six Flags: substantial majority of $315M 7-property transaction; expect to close on final pr
Slide 7: Portfolio Overview
PORTFOLIO OVERVIEW Overall Portfolio $7.1B Gross Investments 335 Properties 99% Leased/Operated Experiential Portfolio Education Portfolio 94% of Investments 6% of Investments 280 Properties 55 Properties 54 Operators 5 Operators 99% Leased/Operated 100% Leased/Operated 7
Slide 8: Portfolio Update
PORTFOLIO UPDATE Portfolio Remains Healthy Portfolio Coverage: 2.0x demonstrates resilience of portfolio diversification Theatres: NABOG increased 25% in Q1*, benefiting from increases in attendance and the number of films released • Writers’ & Screen Actors’ Guilds have reached new 4-year agreement
Slide 9: Financial Review
FINANCIAL REVIEW
Slide 10: Financial Highlights: Financial Performance
FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE QUARTER ENDED MARCH 31, 2026 2025 $ Change % Change Total Revenue $181.3 $175.0 $6.3 3.6% Net Income – Common 56.6 59.8 (3.2) (5.3%) FFO as adj. – Common* 97.6 91.7 5.9 6.4% AFFO – Common* 100.1 92.9 7.2 7.7% Net Income/share – Common 0.74 0.78 (0.04) (5.1%
Slide 11: Financial Highlights: Financial Performance
FINANCIAL HIGHLIGHTS FINANCIAL PERFORMANCE QUARTER ENDED MARCH 31, 2026 Fixed charge coverage 3.3x Debt service coverage 3.9x Interest coverage 3.9x Proforma Net Debt to Adjusted 5.1x EBITDAre Proforma Net Debt to Annualized 4.8x Adjusted EBITDAre Proforma Net Debt to Gross Assets 39% AFFO payout 70
Slide 12: Capital Markets Update
CAPITAL MARKETS UPDATE Debt › $2.9B total debt; all fixed rate or fixed through interest rate swaps at overall weighted avg. = 4.4% Liquidity Position at 03/31/2026 › $68.5M unrestricted cash › No balance outstanding on $1B revolver ATM Program › Entered into forward sales agreement to sell 797,422
Slide 13: 2026 Guidance
2026 GUIDANCE REVISED PRIOR GUIDANCE GUIDANCE FFO as Adjusted per share* $5.37 - $5.53 $5.28 - $5.48 Investment Spending $500M - $600M $400M - $500M Disposition Proceeds $50M - $100M $25M - $75M Percentage Rent & Participating Interest $18.5M - $22.5M $18.5M - $22.5M General & Administrative Expense
Slide 14: Closing Comments
CLOSING COMMENTS
Slide 15: Questions
QUESTIONS
Slide 16: EPR Properties
EPR Properties* The Diversified Experiential REIT’ 909 WALNUT ST., SUITE 200 KANSAS CITY, MO 64106 eprkc.com