Epr Properties · NYSE:EPR
Epr Properties — Q3 2025 Earnings Presentation
19 slides from Epr Properties's earnings presentation, Oct 30, 2025
Slide 1: Earnings Call Presentation Q3 2025
EARNINGS CALL Q3 PRESENTATION 2025
Slide 2: Disclaimer
DISCLAIMER The financial results in this document reflect preliminary, unaudited results, which are not final until the Company’s Quarterly Report on Form 10-Q is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward
Slide 3: Introductory Comments
INTRODUCTORY COMMENTS
Slide 4: Quarterly Highlights
QUARTERLY HIGHLIGHTS • Steady Progress in Q3 Results – positioning for accelerated growth • Disciplined Deployment – pipeline actionable over next 90-120 days; given fluidity of timing, felt it was prudent not to raise investment spending guidance • Consolidated Portfolio Coverage Remained Strong –
Slide 5: Portfolio
PORTFOLIO
Slide 6: Portfolio Overview
PORTFOLIO OVERVIEW Total Portfolio Snapshot Experiential Portfolio ~$6.9B Total Investments* 275 Properties; 53 Operators 330 Properties ~$6.5B (94%) Total Investments* Leased or Operated at 99% Leased or Operated at 99% Q3 Investment Spending $54.5M Education Portfolio Total Portfolio Coverage 55 P
Slide 7: Portfolio Update: Box Office Updates
PORTFOLIO UPDATE Box Office Updates* North American Box Office Gross (NABOG) rebounding • Q3 box office was $2.4B with 7 titles that surpassed $100M • Q4 anchored by 3 films projected to gross over $200M: Zootopia 2, Wicked: For Good, and Avatar: Fire & Ash • Box office total for first three quarter
Slide 8: Portfolio Update: Other Experiential Property and Operator Updates
PORTFOLIO UPDATE Other Experiential Property and Operator Updates Eat & Play • Andretti: OKC opened mid-July, openings scheduled for KC in mid-Nov and Schaumburg in Q2 2026 • Pinstack: EPR’s second location scheduled to open Q2 2026 • Portfolio coverage strong and above pre-Covid; metrics stable com
Slide 9: Investment Spending
INVESTMENT SPENDING Q3 Investment Spending was $54.5M bringing YTD to $140.8M 2025 Investment Spending Guidance: $225M-$275M Iron Mountain Hot Springs Accordion – $18.25M accordion funding First investment with high-end Canadian fitness firm Altea Active – providing approx. $20M mortgage financing s
Slide 10: Capital Recycling
CAPITAL RECYCLING 2025 Increased Disposition Proceeds Guidance: $150M-$160M Properties Sold During the Quarter • Last vacant AMC theatre in Hamilton, NJ to Children’s Hospital of Philadelphia • One land parcel • Combined net proceeds $19.3M, with a net gain of $4.6M Update on Vacant Properties • In
Slide 11: Financial Review
FINANCIAL REVIEW
Slide 12: Financial Highlights (Quarter)
FINANCIAL HIGHLIGHTS Financial Performance Quarter ended September 30, 2025 2024 $ Change % Change Total Revenue $182.3 $180.5 $1.8 1.0% Net Income – Common 60.6 40.6 20.0 49.3% FFO as adj. – Common* 106.4 100.4 6.0 6.0% AFFO – Common* 108.1 99.3 8.8 8.9% Net Income/share – Common 0.79 0.53 0.26 49.
Slide 13: Financial Highlights (Nine Months)
FINANCIAL HIGHLIGHTS Financial Performance Nine months ended September 30, 2025 2024 $ Change % Change Total Revenue $535.4 $520.8 $14.6 2.8% Net Income – Common 189.9 136.4 53.5 39.2% FFO as adj. – Common* 295.4 279.6 15.8 5.7% AFFO – Common* 296.9 277.3 19.6 7.1% Net Income/share – Common 2.48 1.8
Slide 14: Financial Highlights: Key Ratios
FINANCIAL HIGHLIGHTS Key Ratios* Quarter ended September 30, 2025 Fixed charge coverage 3.6x Debt service coverage 4.2x Interest coverage 4.2x Net Debt to Adjusted EBITDAre 4.7x Net Debt to Annualized Adjusted 4.9x EBITDAre Net Debt to Gross Assets 38% AFFO payout 64% *See the most recently filed Su
Slide 15: Capital Markets Update
CAPITAL MARKETS UPDATE Debt • $2.8B total debt; $2.4B fixed rate or fixed through interest rate swaps at overall weighted avg. = 4.3% • Amended revolving credit facility to remove the SOFR index adjustment which decreased all-in interest rate by 10 basis points. Liquidity Position at 9/30/2025 • $13
Slide 16: 2025 Guidance
2025 GUIDANCE FFO AS ADJUSTED PER SHARE* Revised Guidance $5.05 - $5.13 Prior Guidance $5.00 - $5.16 INVESTMENT SPENDING Revised Guidance $225M - $275M Prior Guidance $200M - $300M DISPOSITION PROCEEDS Revised Guidance $150M - $160M Prior Guidance $130M - $145M *See the most recently filed Supplemen
Slide 17: 2025 Guidance, Continued
2025 GUIDANCE, CONTINUED PERCENTAGE RENT & PARTICIPATING INTEREST Revised Guidance $22.5M - $24.5M Prior Guidance $21.5M - $25.5M GENERAL & ADMINISTRATIVE EXPENSE Revised Guidance $54.0M - $56.0M Prior Guidance $53.0M - $56.0M OTHER INCOME Revised guidance $43.0M - $49.0M Prior Guidance $42.0M - $52
Slide 18: Closing Comments
CLOSING COMMENTS
Slide 19: EPR Properties
*wa EPR ~~ Properties® The Diversified Experi tial REIT EPR Properties 909 Walnut Street, Suite 200 Kansas City, MO 64106 www.eprkc.com (816) 472-1700