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Epr Properties (EPR) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Epr Properties

CIK: 1045450 Ticker: EPR
Exhibit 99.1













EPR PROPERTIES REPORTS SECOND QUARTER 2019 RESULTS
Increases 2019 Investment Spending Guidance

Kansas City, MO, July 31, 2019 -- EPR Properties (NYSE:EPR) today announced operating results for the
second quarter and six months ended June 30, 2019.    

Three Months Ended June 30, 2019
Total revenue was $175.7 million for the second quarter of 2019, compared to $202.9 million for the same quarter in 2018. Total revenue for the second quarter in 2018 included a $45.9 million prepayment fee relating to a recreation segment mortgage note.
Net income available to common shareholders was $60.6 million, or $0.79 per diluted common share, for the second quarter of 2019 compared to $85.5 million, or $1.15 per diluted common share, for the same quarter in 2018.
Funds From Operations (FFO) (a non-GAAP financial measure) for the second quarter of 2019 was $93.4 million, or $1.22 per diluted common share, compared to $139.0 million, or $1.84 per diluted common share, for the same quarter in 2018.
FFO as adjusted (FFOAA) (a non-GAAP financial measure) for the second quarter of 2019 was $105.2 million, or $1.36 per diluted common share, compared to $141.8 million, or $1.87 per diluted common share, for the same quarter in 2018.

Six Months Ended Ended June 30, 2019
Total revenue was $340.2 million for the six months ended June 30, 2019, compared to $357.8 million for the same period in 2018. Total revenue for the six months ended June 30, 2018 included a $45.9 million prepayment fee relating to a recreation segment mortgage note.
Net income available to common shareholders was $119.9 million, or $1.59 per diluted common share, for the six months ended June 30, 2019 compared to $109.0 million, or $1.47 per diluted common share, for the same period in 2018.
FFO (a non-GAAP financial measure) for the six months ended June 30, 2019 was $186.5 million, or $2.45 per diluted common share, compared to $200.1 million, or $2.67 per diluted common share, for the same period in 2018.
FFOAA (a non-GAAP financial measure) for the six months ended June 30, 2019 was $207.8 million, or $2.72 per diluted common share, compared to $235.8 million, or $3.12 per diluted common share, for the same period in 2018.

“This was a very productive quarter for EPR.  Not only is deal velocity increasing, but the credit profile of our asset base has significantly strengthened,” commented Greg Silvers, President and CEO.  “Furthermore, the market’s support of our experiential strategy has allowed us to issue all the equity needed to fund our upsized investment spending guidance, while also de-leveraging our balance sheet.  As a result, we believe we are well positioned to take advantage of increasing interest in experiential assets and the opportunities presented.”

Portfolio Update

The Company's investment portfolio (excluding property under development) consisted of the following at June 30, 2019:

The Entertainment segment included investments in 176 megaplex theatre properties, seven entertainment retail centers (which include seven additional megaplex theatre properties) and 12 other entertainment properties. The Company’s portfolio of owned entertainment properties consisted of 14.7 million square feet and was 99% leased, including megaplex theatres that were 100% leased.
The Recreation segment included investments in 12 ski areas, 23 attractions, 35 golf entertainment complexes and 13 other recreation properties. The Company’s portfolio of owned recreation properties was 100% leased.


The following information was filed by Epr Properties (EPR) on Wednesday, July 31, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Epr Properties's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Epr Properties's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Changes In Equity
Consolidated Statement Of Changes In Equity (Parenthetical)
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)
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)
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 (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)
Fair Value Disclosures
Fair Value Disclosures (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Disclosures (Narrative) (Details)
Fair Value Disclosures (Tables)
Investments And Dispositions
Investments And Dispositions (Details)
Investments In Direct Financing Lease
Investments In Direct Financing Lease (Future Minimum Rentals Receivable) (Details)
Investments In Direct Financing Lease (Narrative) (Details)
Investments In Direct Financing Lease (Summary Of Carrying Amounts Of Investment In Direct Financing Lease, Net) (Details)
Investments In Direct Financing Lease (Tables)
Issuance Of Common Shares (Details)
Operating Leases (Details)
Operating Leases (Tables)
Operating Leases Operating Leases, Lessor (Tables)
Organization
Other Commitments And Contingencies
Other Commitments And Contingencies (Details)
Rental Properties
Rental Properties (Summary Of Carrying Amounts Of Rental Properties) (Details)
Rental Properties (Tables)
Segment Information
Segment Information (Tables)
Segment Information Balance Sheet Data (Details)
Segment Information Operating Data (Details)
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policy)
Unconsolidated Real Estate Joint Ventures (Details)
Unconsolidated Real Estate Joint Ventures (Notes)
Variable Interest Entities
Variable Interest Entities (Narrative) (Details)

Material Contracts, Statements, Certifications & more

Epr Properties provided additional information to their SEC Filing as exhibits

Ticker: EPR
CIK: 1045450
Form Type: 10-Q Quarterly Report
Accession Number: 0001045450-19-000075
Submitted to the SEC: Thu Aug 01 2019 6:28:56 AM EST
Accepted by the SEC: Thu Aug 01 2019
Period: Sunday, June 30, 2019
Industry: Real Estate Investment Trusts

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