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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Rental revenue $ 77,860 $ 69,918 $ 154,600 $ 136,349
Tenant reimbursements 3,965 4,281 8,268 8,869
Other income 1,148 187 1,698 361
Mortgage and other financing income 18,285 17,401 36,128 36,064
Total revenue 101,258 91,787 200,694 181,643
Property operating expense 5,770 5,539 12,127 11,988
Other expense 210 219 312 318
General and administrative expense 7,756 7,079 15,438 14,541
Retirement severance expense 0 0 18,578 0
Costs associated with loan refinancing 243 0 243 0
Interest expense, net 20,007 20,555 38,594 40,453
Transaction costs 4,429 756 6,035 952
Depreciation and amortization 21,849 16,002 41,204 31,329
Income before equity in income from joint ventures and other items 40,994 41,637 68,163 82,062
Equity in income from joint ventures 198 267 362 578
Gain on sale of real estate 0 0 23,924 330
Gain on sale of investment in a direct financing lease 0 220 0 220
Income before income taxes 41,192 42,124 92,449 83,190
Income tax expense (benefit) (7,506) 1,360 920 2,285
Income from continuing operations 48,698 40,764 91,529 80,905
Discontinued operations:        
Income (loss) from discontinued operations 68 (4) 58 11
Transaction (costs) benefit 0 0 0 3,376
Net income attributable to EPR Properties 48,766 40,760 91,587 84,292
Preferred dividend requirements (5,952) (5,952) (11,904) (11,904)
Net income available to common shareholders of EPR Properties $ 42,814 $ 34,808 $ 79,683 $ 72,388
Basic earnings per share data:        
Income from continuing operations (in dollars per share) $ 0.75 $ 0.65 $ 1.39 $ 1.31
Income from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.06
Net income available to common shareholders (in dollars per share) 0.75 0.65 1.39 1.37
Diluted earnings per share data:        
Income from continuing operations (in dollars per share) 0.75 0.65 1.39 1.30
Income from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.06
Net income available to common shareholders (in dollars per share) $ 0.75 $ 0.65 $ 1.39 $ 1.36
Shares used for computation (in thousands):        
Basic (in shares) 57,200 53,458 57,156 53,002
Diluted (in shares) 57,446 53,654 57,408 53,189