EPR Properties sees FY24 FFO $4.74-$4.94, consensus $4.95

The Company is introducing its 2024 guidance for FFOAA per diluted common share of $4.76 to $4.96, representing an increase of 3.2% at the midpoint over 2023 after excluding the impact from both years of out-of-period deferred rent and interest collections from cash-basis customers included in income. The 2024 guidance for FFOAA per diluted common share is based on a FFO per diluted common share range of $4.74 to $4.94 adjusted for transaction costs, deferred income tax benefit and retirement and severance expense. FFO per diluted common share for 2024 is based on a net income available to common shareholders per diluted common share range of $2.74 to $2.94 plus estimated real estate depreciation and amortization of $2.14 and allocated share of joint venture depreciation of $0.13, less estimated gain on sale of real estate of $0.22 and the impact of Series C and Series E dilution of $0.05.