EPR Properties (EPR) has reported a marginal fall of 0.49 percent in profit for the quarter ended Mar. 31, 2017. The company has earned $53.92 million, or $0.75 a share, compared with $54.18 million or $0.77 a share, a year ago.
Revenue during the quarter grew 8.71 percent to $129.11 million from $118.77 million in the previous year period.
Cost of revenue rose 15.85 percent or $0.87 million during the quarter to $6.35 million. Gross margin for the quarter contracted 30 basis points over the previous year period to 95.08 percent.
However, the adjusted EBITDA for the quarter stood at $111.70 million compared with $103.58 million in the prior year period. At the same time, adjusted EBITDA margin contracted 69 basis points in the quarter to 86.52 percent from 87.21 percent in the last year period.
Revenue from real estate activities during the quarter increased 9.24 percent or $10.86 million to $128.42 million.
Income from operating leases during the quarter rose 14.14 percent or $13.26 million to $107.04 million. Revenue from tenant reimbursements was $3.75 million for the quarter, down 3 percent or $0.12 million from year-ago period.
Revenue from other real estate activities during the quarter was $17.63 million, down 11.45 percent or $2.28 million from year-ago period.
Other income during the quarter was $0.69 million, down 42.81 percent or $0.52 million from year-ago period.
"We began 2017 with another quarter of consistent growth, demonstrating the earnings power of our differentiated portfolio," commented Company President and chief executive officer Greg Silvers. "Subsequent to quarter end, we closed on the CNL Lifestyle Properties transaction, and are excited to add more than $700 million of high quality ski and attraction properties to our recreation segment. We remain confident in our outlook, with a healthy growth pipeline that is positively aligned with the ongoing strength in the experience economy."
Receivables remain almost stable
Net receivables stood at $768.06 million as on Mar. 31, 2017.
Investments stood at $103.10 million as on Mar. 31, 2017.
Total assets stood at $5,046.78million as on Mar. 31, 2017. On the other hand, total liabilities were at $2,807.37 million as on Mar. 31, 2017.
Return on assets was at 1.68 percent in the quarter. At the same time, return on equity was at 2.14 percent in the quarter.
Total debt was at $2,616.38 million as on Mar. 31, 2017. Shareholders equity was at $2,239.41 million as on Mar. 31, 2017. Meanwhile, debt to equity ratio was at 1.17 percent in the quarter.
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