EPR EPR Properties (EPR) Q2 FY26 earnings call
EPR Properties delivered a strong second quarter, marked by accelerated growth and significant investment activity, including the acquisition of the Six Flags 7 property portfolio and Netflix House. The company increased its full-year investment and earnings guidance, reflecting confidence in its diversified experiential portfolio and robust balance sheet. While facing minor headwinds from weather-impacted properties and rising interest expenses, the overall consumer demand for location-based experiences remains resilient, underpinning the company's strategic focus.
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EPR operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Properties | 333At the end of the quarter, our total investments were approximately $7 billion with 333 properties that are 99% leased or operated.Source: earnings call transcript | 335At the end of the quarter, our portfolio represented $7.1 billion of gross investment value, consisting of 335 properties, which were 99% leased or operated.Source: earnings call transcript | 346At the end of the second quarter, our portfolio represented $7.5 billion of gross investment value, consisting of 346 properties, which were 99% leased or operated.Source: earnings call transcript | +3.3% |
| Properties Experiential portfolio | 278Our experiential portfolio comprises 278 properties with 54 operators and accounts for 94% of our total investments or approximately $6.6 billion.Source: earnings call transcript | 280These 280 properties are operated by 54 clients and continue to be 99% leased or operated.Source: earnings call transcript | 291These 291 properties are operated by 57 clients and continue to be 99% leased or operated.Source: earnings call transcript | +3.9% |
| Properties Education portfolio | 55Our education portfolio comprises 55 properties with 5 operators, and at the end of the quarter, was 100% leased.Source: earnings call transcript | 55The remaining 6% of the portfolio represents our Education segment comprised of 55 properties leased by 5 operators.Source: earnings call transcript | 55The remaining 5% of the portfolio represents our Education segment comprised of 55 properties leased by 5 operators.Source: earnings call transcript | 0% |
| Leased rate Education portfolio | 100%Our education portfolio comprises 55 properties with 5 operators, and at the end of the quarter, was 100% leased.Source: earnings call transcript | 100%At the end of the quarter, these properties were 100% leased.Source: earnings call transcript | 100%At the end of the quarter, these properties were 100% leased.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.