Q2 25 EPS
$0.91
BEAT +31.50%
Est. $0.69
Q2 25 Revenue
$178.1M
BEAT +0.88%
Est. $176.5M
vs S&P Since Q2 25
-9.0%
TRAILING MARKET
EPR +8.8% vs S&P +17.8%
Market Reaction
Did EPR Beat Earnings? Q2 2025 Results
EPR Properties delivered a standout second quarter, posting earnings per share of $0.91 against a consensus estimate of $0.69, a beat of 31.50%, while revenue of $178.07 million edged past the $176.51 million estimate and climbed 12.2% year over year… Read more EPR Properties delivered a standout second quarter, posting earnings per share of $0.91 against a consensus estimate of $0.69, a beat of 31.50%, while revenue of $178.07 million edged past the $176.51 million estimate and climbed 12.2% year over year. The headline EPS strength was meaningfully shaped by a $16.78 million gain on the sale of real estate, as the experiential REIT's aggressive capital recycling program accelerated well ahead of plan, with year-to-date disposition proceeds reaching $114.50 million and full-year guidance lifted to $130.00 million to $145.00 million from a prior range of $80.00 million to $120.00 million. Operationally, the portfolio held at 99% leased, and a resurgent North American box office, up 37% year over year to roughly $2.70 billion in Q2 alone, provided a constructive backdrop for the company's 151 theatre properties. Looking ahead, management reaffirmed 2025 FFOAA per diluted share guidance of $5.00 to $5.16, representing 4.3% midpoint growth over 2024, and signaled plans to accelerate investment spending in the second half given improved cost of capital.
Key Takeaways
- • North American box office gross rebounding — Q2 was $2.7B (up 37% vs. 2024) with 6 titles grossing over $175M
- • Rental revenue growth to $150.4M from $145.1M year-over-year
- • Strong portfolio occupancy at 99% leased or operated
- • Total portfolio coverage improved to 2.1x from 1.9x at YE 2019
- • Capital recycling ahead of expectations with $114.5M in YTD disposition proceeds
- • Percentage rent and participating interest income of $4.6M vs. $2.0M in prior year quarter
- • Net gain on sale of real estate of $16.8M vs. $1.5M in prior year quarter
EPR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Our second quarter results demonstrate continued momentum in our business, with solid earnings growth while maintaining our disciplined approach to capital allocation. We are pleased with our ongoing capital recycling progress, where we are ahead of our expectations as we further position our portfolio with productive and diversified experiential assets. While our investment spending has been measured in the first half of the year, we have a robust pipeline of opportunities, including more than $100 million committed to experiential development and redevelopment projects in the coming quarters. With our healthy balance sheet and strong performing portfolio, we are well-equipped to pursue our growth objectives while maintaining our focus on creating long-term shareholder value.”
— Greg Silvers, Q2 2025 Earnings Press Release
EPR Earnings Trends
EPR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EPR EPS Trend
Earnings per share: estimate vs actual
EPR Revenue Trend
Quarterly revenue: estimate vs actual
EPR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.68 | $1.26 | +84.62% | $181.3M | +0.73% |
| Q4 25 BEAT FY | $0.72 | $0.79 | +9.49% | $183.0M | +0.55% |
| FY Full Year | $3.14 | $3.28 | +4.35% | $718.4M | +0.23% |
| Q3 25 BEAT | $0.78 | $0.79 | +1.14% | $182.3M | +0.06% |
| Q2 25 BEAT | $0.69 | $0.91 | +31.50% | $178.1M | +0.88% |
| Q1 25 BEAT | $0.62 | $0.78 | +24.92% | $175.0M | +6.61% |