Q4 25 EPS
$0.79
BEAT +9.49%
Est. $0.72
Q4 25 Revenue
$183.0M
BEAT +0.55%
Est. $181.9M
vs S&P Since Q4 25
-6.3%
TRAILING MARKET
EPR +1.8% vs S&P +8.0%
Full Year 2025 Results
FY 25 EPS
$3.28
BEAT +4.35%
Est. $3.14
FY 25 Revenue
$718.4M
BEAT +0.23%
Est. $716.7M
Market Reaction
Did EPR Beat Earnings? Q4 2025 Results
EPR Properties closed out fiscal 2025 on a strong note, posting Q4 earnings per share of $0.79 against a consensus estimate of $0.71, a beat of 10.52%, even as revenue of $182.95 million trailed the $217.30 million estimate by 15.81% while still grow… Read more EPR Properties closed out fiscal 2025 on a strong note, posting Q4 earnings per share of $0.79 against a consensus estimate of $0.71, a beat of 10.52%, even as revenue of $182.95 million trailed the $217.30 million estimate by 15.81% while still growing 11.5% year over year. The headline EPS strength was driven in large part by the absence of impairment charges that weighed heavily on the year-ago quarter, when $39.95 million in property impairments and $16.09 million in joint venture write-downs pushed net income into a loss; this time, net income available to common shareholders swung to $60.86 million. Full-year FFOAA per diluted share rose 5.1% to $5.12, underscoring the durability of EPR's experiential net lease model. Investment momentum is building, with Q4 spending of $147.74 million including a $90.70 million five-course golf portfolio acquisition, and the company has since agreed to acquire seven regional amusement parks from Six Flags for $342 million. For 2026, EPR guided FFOAA per diluted share to $5.28 to $5.48 and investment spending to $400 million to $500 million, while raising its monthly dividend 5.1% to $0.31 per share.
Key Takeaways
- • Strong consumer demand for out-of-home experiential activities
- • 5.1% growth in FFOAA per diluted share for full year 2025
- • 6.2% growth in AFFO per diluted share for full year 2025
- • $288.5 million in total 2025 investment spending
- • Portfolio 99% leased or operated
- • Total portfolio coverage of 2.0x
- • Capital recycling with $168.3 million in 2025 disposition proceeds
- • No impairment charges in 2025 vs. $39.9 million in Q4 2024
- • Box office stabilization with 2025 NABOG of $8.7 billion, up 1% over 2024
EPR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“Fiscal year 2025 was a year of solid execution. We delivered strong earnings growth while successfully deploying almost $300 million into an expanded set of high-quality experiential assets. Our diversified experiential properties continue to demonstrate resilience, supported by consumers' ongoing demand for out-of-home experiences. We have adhered to a disciplined capital strategy, which has allowed us to maintain a robust balance sheet with low leverage and a strong liquidity position. With a pipeline of committed projects and compelling additional investment opportunities, we are well-positioned to deliver against our increased investment spending guidance. We are also pleased to be raising our monthly dividend to common shareholders by 5.1%, as we remain committed to delivering sustainable earnings growth and creating long-term shareholder value.”
— Greg Silvers, Q4 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% |