EPR Properties: Q1 Earnings Snapshot

KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — EPR Properties (EPR) on Wednesday reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.

The real estate investment trust, based in Kansas City, Missouri, said it had funds from operations of $102.6 million, or $1.30 per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.24 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.