U.S. Markets close in 3 hrs 37 mins

EPR Properties: 2Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ EPR Properties (EPR) on Wednesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.

The Kansas City, Missouri-based real estate investment trust said it had funds from operations of $109.1 million, or $1.36 per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.31 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $60.6 million, or 79 cents per share.

The real estate investment trust posted revenue of $175.7 million in the period. Its adjusted revenue was $157.3 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $154.4 million.

EPR Properties expects full-year funds from operations in the range of $4.92 to $5.05 per share.

The company's shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.42, an increase of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPR at https://www.zacks.com/ap/EPR