EPR Properties Q3 AFFO per share rises; raises FY2026 earnings outlook

Overview

• US experiential REIT's Q3 revenue grew 12% yr/yr

• Q3 AFFO per share rose 10.8% yr/yr

• Company raised 2026 FFOAA per share and investment spending guidance

Outlook

• EPR Properties raises 2026 FFOAA per diluted share guidance to $5.49-$5.57 from $5.41-$5.57

• Company lifts 2026 net income guidance to $3.41-$3.49 per diluted share from $3.03-$3.19

• EPR Properties increases 2026 investment spending outlook to $675 mln-$725 mln from $600 mln-$700 mln

Result Drivers

• INVESTMENT ACTIVITY - Co invested $172.4 mln in Q3 across eat-and-play, fitness, wellness, lodging and live venue properties

• PORTFOLIO EXPANSION - Co highlighted broadening of experiential portfolio and new relationships, including entry into live venue category and addition of Life Time fitness property, per CEO Greg Silvers

Company press release: ID:nBw8WG0Bma

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the diversified reits peer group is "buy."

• Wall Street's median 12-month price target for Epr Properties is $64.00, about 14.3% above its October 27 closing price of $56.01

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads

• Oct 26 - Welltower Q3 normalized FFO per share rises 25%, guidance raised

• Oct 27 - American Assets Trust Q3 FFO rises on higher rental rates; lifts outlook

• Oct 27 - WP Carey Q3 revenue beats estimates, raises annual AFFO forecast on strong investment activity

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)