EPR Properties Reports Strong Q2 Performance with Higher Revenue and FFO
EPR Properties (NYSE:EPR) reported a strong second-quarter performance in 2026, driven by increased investment activity, higher rent and interest income, and improved portfolio performance. The experiential real estate investment trust saw revenue rise 10.1% year-over-year to $196.1 million, while funds from operations (FFO) as adjusted climbed 12.7% to $1.42 per share. Adjusted FFO increased even more significantly at 15.3%, reaching $1.43 per share. The company invested over $440 million during the quarter, raising its full-year investment spending guidance from $500–$600 million to $600–$700 million. EPR also acquired a Netflix House location in Pennsylvania and reduced theater concentration within its portfolio. Management highlighted steady yields despite debt market volatility and noted strong opportunities across various experiential sectors. EPR’s portfolio remains highly leased, with 99% occupancy overall and unit-level rent coverage holding at two times. The company attributed improved theater attendance to a mix of major film releases and increased youth engagement.
Topics: guidance_update investments real_estate revenue_growth