EPR Properties (EPR) has reported a 14.61 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $57.53 million, or $0.81 a share in the quarter, compared with $50.20 million, or $0.76 a share for the same period last year.
Revenue during the quarter grew 15.95 percent to $125.61 million from $108.34 million in the previous year period.
Cost of revenue went up marginally by 2.37 percent or $0.13 million during the quarter to $5.63 million. Gross margin for the quarter expanded 59 basis points over the previous year period to 95.52 percent.
Total expenses were $45.28 million for the quarter, up 20.75 percent or $7.78 million from year-ago period. Operating margin for the quarter contracted 143 basis points over the previous year period to 63.95 percent.
Operating income for the quarter was $80.33 million, compared with $70.84 million in the previous year period. However, the adjusted EBITDA for the quarter stood at $109.07 million compared with $95.31 million in the prior year period. At the same time, adjusted EBITDA margin contracted 114 basis points in the quarter to 86.83 percent from 87.97 percent in the last year period.
Revenue from real estate activities during the quarter increased 14.42 percent or $15.52 million to $123.13 million.
Income from operating leases during the quarter rose 19.34 percent or $16.58 million to $102.28 million. Revenue from tenant reimbursements was $3.82 million for the quarter, up 2.77 percent or $0.10 million from year-ago period.
Revenue from other real estate activities during the quarter was $17.03 million, down 6.39 percent or $1.16 million from year-ago period.
Other income during the quarter was $2.48 million, up 244.85 percent or $1.76 million from year-ago period.
"Both our performance during the third quarter, and our outlook for the rest of the year and 2017 are very strong and reinforce our ability to execute on our strategy and deliver superior results," commented company president and chief executive officer Greg Silvers. "We are excited about our agreement to add a high quality portfolio of attractions and ski assets building on our expertise in the recreation category. This anticipated portfolio acquisition, along with the expected disposition of certain assets, will further strengthen our portfolio and positions us well for continued growth."
Receivables move up marginally
Net receivables were at $522.10 million as on Sep. 30, 2016, up 2.10 percent or $10.76 million from year-ago. Investments were almost stable over the past one year at $189.15 million on Sep. 30, 2016.
Total assets grew 9.99 percent or $419.87 million to $4,620.97 million on Sep. 30, 2016. On the other hand, total liabilities were at $2,431.54 million as on Sep. 30, 2016, up 9.92 percent or $219.51 million from year-ago.
Return on assets moved up 9 basis points to 1.77 percent in the quarter. At the same time, return on equity moved up 13 basis points to 2.36 percent in the quarter.
Debt moves up
Total debt was at $2,248.58 million as on Sep. 30, 2016, up 10.36 percent or $211.12 million from year-ago. Shareholders equity stood at $2,189.43 million as on Sep. 30, 2016, up 10.07 percent or $200.36 million from year-ago. As a result, debt to equity ratio was almost stable at 1.03 percent in the quarter, when compared with the last year period. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
