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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Rental revenue $ 85,706 $ 74,410 $ 240,306 $ 210,759
Tenant reimbursements 3,718 4,486 11,986 13,355
Other income 718 345 2,416 706
Mortgage and other financing income 18,193 19,497 54,321 55,561
Total revenue 108,335 98,738 309,029 280,381
Property operating expense 5,496 5,948 17,623 17,936
Other expense 221 248 533 566
General and administrative expense 7,482 6,719 22,920 21,260
Retirement severance expense 0 0 18,578 0
Costs associated with loan refinancing or payoff 18 0 261 0
Interest expense, net 20,529 20,801 59,123 61,254
Transaction costs 783 369 6,818 1,321
Provision for loan loss 0 3,777 0 3,777
Depreciation and amortization 23,498 17,421 64,702 48,750
Income before equity in income from joint ventures and other items 50,308 43,455 118,471 125,517
Equity in income from joint ventures 339 300 701 878
Gain (loss) on sale of real estate (95) 0 23,829 330
Gain on sale of investment in a direct financing lease 0 0 0 220
Income before income taxes 50,552 43,755 143,001 126,945
Income tax expense 498 1,047 1,418 3,332
Income from continuing operations 50,054 42,708 141,583 123,613
Discontinued operations:        
Income (loss) from discontinued operations 141 (3) 199 8
Transaction (costs) benefit 0 0 0 3,376
Net income attributable to EPR Properties 50,195 42,705 141,782 126,997
Preferred dividend requirements (5,951) (5,952) (17,855) (17,856)
Net income available to common shareholders of EPR Properties $ 44,244 $ 36,753 $ 123,927 $ 109,141
Basic earnings per share data:        
Income from continuing operations (in dollars per share) $ 0.76 $ 0.68 $ 2.15 $ 1.99
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) 0.76 0.68 2.15 2.05
Diluted earnings per share data:        
Income from continuing operations (in dollars per share) 0.76 0.68 2.15 1.98
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) $ 0.76 $ 0.68 $ 2.15 $ 2.04
Shares used for computation (in thousands):        
Basic (in shares) 58,083 53,792 57,468 53,268
Diluted (in shares) 58,278 54,001 57,699 53,462