Catherine Graves's questions to EPR Properties (EPR) leadership • Q1 2025
Question
Catherine Graves of UBS asked if the 2026 box office surpassing 2025 is consistent with their conversations and how that influences their long-term view on theaters. She also asked about the potential impact of tariffs on the development pipeline.
Answer
CEO Gregory Silvers confirmed that the positive 2026 box office outlook is consistent with their view, driven by a strong film slate. He stated this doesn't change their strategy to reduce theater concentration but improves their ability to execute it. Regarding tariffs, Silvers noted that current projects have locked-in pricing, but it will be a topic of discussion for future build-to-suit projects, potentially impacting costs for lumber, steel, and equipment.