Unknown Analyst's questions to EPR Properties (EPR) leadership • Q1 2025
Question
A Raymond James analyst asked for a quantification of the components driving the increase in full-year guidance and inquired how much of the new guidance is from nonrecurring or prior-period collections that should be excluded from a 2026 run-rate analysis.
Answer
EVP & CFO Mark Peterson broke down the guidance increase, attributing it to higher percentage rent guidance (+$0.055/share), increased G&A (-$0.01/share), the impact of incremental dispositions (-$0.02/share), and lower interest expense (+$0.05/share). He clarified that the only significant prior-period item to consider for run-rate purposes is the $2.9 million in percentage rents, which amounts to about $0.035 per share.