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Epr Properties (EPR) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Epr Properties

CIK: 1045450 Ticker: EPR
Exhibit 99.1

EPR PROPERTIES REPORTS FOURTH QUARTER AND
2013 YEAR-END RESULTS

Company Reports Record Revenue and Confirms a
30% Increase in 2014 Investment Spending Guidance

Kansas City, MO, February 27, 2014 -- EPR Properties (NYSE:EPR) today announced operating results for the fourth quarter and the year ended December 31, 2013.

Three Months Ended December 31, 2013
Total revenue was $89.4 million for the fourth quarter of 2013, representing an 8% increase from $82.5 million for the same quarter in 2012.
Net income available to common shareholders was $57.1 million, or $1.12 per diluted common share, for the fourth quarter of 2013 compared to $18.8 million, or $0.40 per diluted common share, for the same quarter in 2012.
Funds From Operations (FFO) for the fourth quarter of 2013 was $63.3 million, or $1.23 per diluted common share, compared to $41.0 million, or $0.87 per diluted common share, for the same quarter in 2012.
FFO as adjusted for the fourth quarter of 2013 was $49.6 million, or $0.97 per diluted common share, compared to $45.1 million, or $0.96 per diluted common share, for the same quarter in 2012.

Year Ended December 31, 2013
Total revenue was $343.1 million for the year ended December 31, 2013, representing an 8% increase from $317.8 million for the same period in 2012.
Net income available to common shareholders was $156.4 million, or $3.24 per diluted common share, for the year ended December 31, 2013, compared to $93.2 million, or $1.98 per diluted common share, for the same period in 2012.
FFO for the year ended December 31, 2013 was $199.4 million, or $4.13 per diluted common share, compared to $168.8 million, or $3.59 per diluted common share, for the same period in 2012.
FFO as adjusted for the year ended December 31, 2013 was $188.2 million, or $3.90 per diluted common share, compared to $173.8 million, or $3.69 per diluted common share, for the same period in 2012, an increase of 6% per share.

David Brain, President and CEO, commented, “The fourth quarter topped a year of consistently strong performance across all aspects of the business. Our continued focus on non-commodity growth segments enabled a 35% investment spending increase over the prior year, solid growth in per share results and one year total shareholder return that significantly outperformed the MSCI U.S. REIT Index. Additionally, we believe that we are well positioned to continue this strong trajectory over the next several years, and for 2014 we are off to a great start having previously announced an increase in our monthly dividend of over 8%.”
 
A reconciliation of FFO to FFO as adjusted follows (unaudited, dollars in thousands, except per share amounts):
 
 
Three Months Ended December 31,
 
 
2013
 
2012
 
 
Amount
 
FFO/share
 
Amount
 
FFO/share
 
 
 
 
 
 
 
 
 
FFO
$
63,290

 
$
1.23

 
$
41,037

 
$
0.87

 
Costs associated with loan refinancing or payoff

 

 
150

 

 
Transaction costs
1,096

 
0.02

 
31

 

 
Preferred share redemption costs

 

 
3,888

 
0.09

 
Deferred income tax benefit (1)
(14,787
)
 
(0.28
)
 

 

FFO as adjusted
$
49,599

 
$
0.97

 
$
45,106

 
$
0.96

 
 
 
 
 
 
 
 
 
Dividends declared per common share
 
 
$
0.79

 
 
 
$
0.75

FFO as adjusted payout ratio
 
 
81
%
 
 
 
78
%


The following information was filed by Epr Properties (EPR) on Thursday, February 27, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Iii - Real Estate And Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation Properties (details)
Schedule Iii - Real Estate And Accumulated Depreciation Reconciliation (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Changes In Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accounts Receivable, Net
Accounts Receivable, Net (schedule Of Accounts Receivable) (details)
Accounts Receivable, Net (tables)
Common And Preferred Share (tables)
Common And Preferred Shares
Common And Preferred Shares Common Shares (details)
Common And Preferred Shares Preferred Shares (details)
Condensed Consolidating Financial Statements
Condensed Consolidating Financial Statements (condensed Consolidating Balance Sheet) (details)
Condensed Consolidating Financial Statements (condensed Consolidating Statement Of Cash Flows) (details)
Condensed Consolidating Financial Statements (condensed Consolidating Statement Of Income) (details)
Condensed Consolidating Financial Statements (tables)
Consolidated Real Estate Joint Ventures
Consolidated Real Estate Joint Ventures (details)
Debt
Debt Schedule Of Long-term Debt Instruments (details)
Debt Schedule Of Long-term Debt Instruments (tables)
Derivative Instruments
Derivative Instruments (narrative) (details)
Derivative Instruments (summary Of The Effect Of Derivative Instruments On The Consolidated Statements Of Changes In Equity And Income) (details)
Derivative Instruments (tables)
Discontinued Operations
Discontinued Operations (operating Results Relating To Assets Disposed) (details)
Discontinued Operations (tables)
Earnings Per Share
Earnings Per Share (computation Of Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (narrative) (details)
Earnings Per Share (tables)
Equity Incentive Plans
Equity Incentive Plans (schedule Of Stock-option Expense To Be Recognized In The Future) (details)
Equity Incentive Plans (summary Of Exercisable Options) (details)
Equity Incentive Plans (summary Of Nonvested Share Activity) (details)
Equity Incentive Plans (summary Of Outstanding Options) (details)
Equity Incentive Plans (summary Of Restricted Share Unit Activity) (details)
Equity Incentive Plans (summary Of Share Option Activity) (details)
Equity Incentive Plans (tables)
Equity Incentive Plans Equity Incentive Plans (schedule Of Nonvested Shares Unamortized Share-based Compensation Expense To Be Recognized In The Future) (details)
Fair Value Disclosures
Fair Value Disclosures (assets And Liabilities Measured At Fair Value On A Non-recurring Basis) (details)
Fair Value Disclosures (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Disclosures (narrative) (details)
Fair Value Disclosures (tables)
Impairment Charges
Impairment Charges (details)
Investment In Mortgage Notes
Investment In Mortgage Notes (details)
Investment In Mortgage Notes (tables)
Investments In Direct Financing Leases
Investments In Direct Financing Leases (future Minimum Rentals Receivable) (details)
Investments In Direct Financing Leases (narrative) (details)
Investments In Direct Financing Leases (summary Of Carrying Amounts Of Investment In Direct Financing Lease, Net) (details)
Investments In Direct Financing Leases (tables)
Operating Leases
Operating Leases (details)
Operating Leases (tables)
Organization
Other Commitments And Contingencies
Other Commitments And Contingencies (details)
Quarterly Financial Information
Quarterly Financial Information (details)
Quarterly Financial Information (tables)
Rental Properties
Rental Properties (tables)
Rental Properties Disposition (details)
Rental Properties Summary Of Carrying Amounts Of Rental Properties (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (tables)
Unconsolidated Real Estate Joint Ventures
Unconsolidated Real Estate Joint Ventures (narrative) (details)
Unconsolidated Real Estate Joint Ventures (tables)
Unconsolidated Real Estate Joint Ventures (unaudited Condensed Financial Information) (details)
Variable Interest Entities
Variable Interest Entities (narrative) (details)
Ticker: EPR
CIK: 1045450
Form Type: 10-K Annual Report
Accession Number: 0001045450-14-000021
Submitted to the SEC: Fri Feb 28 2014 2:33:12 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Real Estate Investment Trusts

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