Recent Updates — EPR

EPR Properties reported third-quarter net income available to common shareholders of $94.1 million, or $1.22 per diluted share, compared to $60.6 million, or $0.79 per share, in the prior year period. Adjusted Funds From Operations (AFFO) per diluted common share rose 10.8% to $1.54 from $1.39. The company raised its full-year 2026 AFFO guidance to a range of $5.49 to $5.57 per share and increased investment spending guidance to $675 million–$725 million. During the quarter, EPR executed on its investment pipeline with $172.4 million in spending, including acquisitions of experiential properties and entry into live venues with Live Nation. The company also entered forward sale agreements under its ATM program for estimated net proceeds of $134.6 million and finalized a new $1.6 billion credit agreement that includes a fully drawn $600 million term loan due in 2032. EPR Properties is an experiential real estate investment trust specializing in entertainment, recreation, and leisure venues.