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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Rental revenue $ 74,410 $ 62,209 $ 210,759 $ 182,758
Tenant reimbursements 4,486 4,552 13,355 13,748
Other income 345 1,441 706 1,538
Mortgage and other financing income 19,497 19,639 55,561 55,670
Total revenue 98,738 87,841 280,381 253,714
Property operating expense 5,948 6,579 17,936 19,604
Other expense 248 204 566 508
General and administrative expense 6,719 6,764 21,260 19,468
Costs associated with loan refinancing or payoff 0 223 0 6,166
Gain on early extinguishment of debt 0 0 0 (4,539)
Interest expense, net 20,801 20,435 61,254 60,424
Transaction costs 369 317 1,321 859
Provision for loan loss 3,777 0 3,777 0
Depreciation and amortization 17,421 13,141 48,750 39,140
Income before equity in income from joint ventures and other items 43,455 40,178 125,517 112,084
Equity in income from joint ventures 300 351 878 1,168
Gain on sale of land 0 0 330 0
Gain on sale of investment in a direct financing lease 0 0 220 0
Income before income taxes 43,755 40,529 126,945 113,252
Income tax expense 1,047 0 3,332 0
Income from continuing operations 42,708 40,529 123,613 113,252
Discontinued operations:        
Income (loss) from discontinued operations (3) (195) 8 198
Transaction (costs) benefit 0 0 3,376 0
Gain on sale of real estate 0 3,168 0 3,733
Net income attributable to EPR Properties 42,705 43,502 126,997 117,183
Preferred dividend requirements (5,952) (5,951) (17,856) (17,855)
Net income available to common shareholders of EPR Properties $ 36,753 $ 37,551 $ 109,141 $ 99,328
Basic earnings per share data:        
Income from continuing operations (in dollars per share) $ 0.68 $ 0.73 $ 1.99 $ 2.03
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.06 $ 0.06 $ 0.08
Net income available to common shareholders (in dollars per share) $ 0.68 $ 0.79 $ 2.05 $ 2.11
Diluted earnings per share data:        
Income from continuing operations (in dollars per share) $ 0.68 $ 0.73 $ 1.98 $ 2.02
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.06 $ 0.06 $ 0.08
Net income available to common shareholders (in dollars per share) $ 0.68 $ 0.79 $ 2.04 $ 2.10
Shares used for computation (in thousands):        
Basic (in shares) 53,792 47,349 53,268 47,097
Diluted (in shares) 54,001 47,524 53,462 47,290