KANSAS CITY, Mo. (AP) _ EPR Properties (EPR) on Tuesday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations.
The Kansas City, Missouri-based real estate investment trust said it had funds from operations of $80.4 million, or $1.25 per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of $1.23 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 $52.2 million, or 82 cents per share.
The real estate investment trust posted revenue of $130.8 million in the period. Its adjusted revenue was $107.5 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $105.4 million.
For the year, the company reported funds from operations of $304.6 million, or $4.77 per share. Revenue was reported as $399.6 million.
EPR Properties expects full-year funds from operations in the range of $5.05 to $5.20 per share.
The company's shares have risen 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $76.96, a rise of 24 percent 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
Keywords: EPR Properties, Earnings Report