from SNL Real Estate Daily
EPR Properties introduces 2021 guidance for FFO as adjusted per share
Byline: Abdullah Khan
EPR Properties provided its first full-year guidance for funds from operations as adjusted per share in the range of $2.76 to $2.86 for 2021.
The S&P Capital IQ consensus FFO-per-share estimate for the full year is $2.59.
During the second quarter, the company sold a theater property for $14.9 million in net proceeds and realized a gain on sale of $500,000.
As of July 26, almost 99% of EPR Properties' theater properties and all of the company's non-theater locations were open for business, excluding normal seasonal closings.
The company collected roughly 85% of contractual cash revenue from tenants and borrowers for the second quarter, including almost $1.0 million in deferred rent from cash basis tenants and from tenants for which the deferred payments were not previously recognized as revenue.
The company's collections of deferred rent and interest from accrual basis tenants totaled $48.9 million from Jan. 1 through July 26.
