EPR Properties Q2 FFO Declines; Narrows FY13 Adj. EPS Outlook

(RTTNews) - EPR Properties (EPR) Thursday reported second-quarter funds from operations, or FFO, of $40.2 million or $0.85 per share, compared to $43.1 million or $0.92 per share in the same period prior year.

Adjusted FFO for the quarter rose to $46.4 million or $0.98 per share from $43.2 million or $0.92 per share in the comparable quarter last year.

On average, eight analysts polled by Thomson Reuters expected the company to report FFO of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available to common shareholders of EPR Properties increased to $26.5 million or $0.56 per share from $30.8 million or $0.65 per share in the previous year quarter.

Total revenue was $83.56 million, up from $77.99 million in the year-ago period, while analysts expected revenues of $68.73 million.

The company narrows its 2013 guidance range for adjusted FFO to $3.83 to $3.93 per share from its previous range of $3.79 to $3.94 per share. Analysts currently expect FFO of $3.98 per share for 2013.