XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]                      
Rental revenue                 $ 330,886 $ 286,673 $ 248,709
Tenant reimbursements                 16,320 17,663 18,401
Other income                 3,629 1,009 1,682
Mortgage and other financing income                 70,182 79,706 74,272
Total revenue $ 111,988 $ 108,335 $ 101,258 $ 99,436 $ 104,669 $ 98,738 $ 91,787 $ 89,857 421,017 385,051 343,064
Property operating expense                 23,433 24,897 26,016
Other expense                 648 771 658
General and administrative expense                 31,021 27,566 25,613
Retirement severance expense                 18,578 0 0
Costs associated with loan refinancing or payoff                 270 301 6,166
Gain on early extinguishment of debt                 0 0 (4,539)
Interest expense, net                 79,915 81,270 81,056
Transaction costs                 7,518 2,452 1,955
Provision for loan losses                 0 3,777 0
Depreciation and amortization                 89,617 66,739 53,946
Income before equity in income from joint ventures and other items                 170,017 177,278 152,193
Equity in income from joint ventures                 969 1,273 1,398
Gain on sale or acquisition, net                 23,829 1,209 3,017
Gain on sale of investment in a direct financing lease                 0 220 0
Gain on previously held equity interest                 0 0 4,853
Income before income taxes                 194,815 179,980 161,461
Income tax benefit (expense)                 (482) (4,228) 14,176
Income from continuing operations                 194,333 175,752 175,637
Discontinued operations:                      
Income from discontinued operations                 199 505 333
Transaction costs                 0 3,376 0
Gain on sale of real estate                 0 0 4,256
Net income attributable to EPR Properties $ 46,799 $ 44,244 $ 42,814 $ 36,869 $ 46,684 $ 36,753 $ 34,808 $ 37,581 194,532 179,633 180,226
Preferred dividend requirements                 (23,806) (23,807) (23,806)
Net income available to common shareholders of EPR Properties                 $ 170,726 $ 155,826 $ 156,420
Basic earnings per share data:                      
Income from continuing operations                 $ 2.93 $ 2.80 $ 3.16
Income from discontinued operations                 0.01 0.07 0.10
Net income available to common shareholders $ 0.78 $ 0.76 $ 0.75 $ 0.65 $ 0.82 $ 0.68 $ 0.65 $ 0.72 2.94 2.87 3.26
Diluted earnings per share data:                      
Income from continuing operations                 2.92 2.79 3.15
Income from discontinued operations                 0.01 0.07 0.09
Net income available to common shareholders $ 0.78 $ 0.76 $ 0.75 $ 0.64 $ 0.81 $ 0.68 $ 0.65 $ 0.71 $ 2.93 $ 2.86 $ 3.24
Shares used for computation (in thousands):                      
Basic                 58,138 54,244 48,028
Diluted                 58,328 54,444 48,214