XML 14 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Rental revenue $ 55,591 $ 150,962 $ 288,165 $ 438,257
Other income 182 11,464 8,171 17,534
Interest and Fee Income, Loans, Commercial and Residential, Real Estate 8,104 6,930 24,913 25,832
Total revenue 63,877 169,356 321,249 481,623
Property operating expense 13,759 14,494 42,181 44,642
Other expense 2,680 11,403 15,012 19,494
General and Administrative Expense 10,034 11,600 31,454 35,540
Severance Costs 0 1,521 0 1,941
Costs associated with loan refinancing or payoff 0 38,269 820 38,269
Interest expense, net 41,744 36,667 114,837 107,088
Transaction costs 2,776 5,959 4,622 18,005
Financing Receivable, Credit Loss, Expense (Reversal) 5,707 0 10,383 0
Asset Impairment Charges 11,561 0 62,825 0
Depreciation and amortization 42,059 41,644 128,319 116,436
(Loss) income before equity in (loss) income from joint ventures, other items and discontinued operations (66,443) 7,799 (89,204) 100,208
Equity in loss (income) from joint ventures (1,044) (435) (3,188) 524
Impairment charges on joint ventures 0 0 3,247 0
Gain on sale of real estate 0 845 242 457
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (67,487) 8,209 (95,397) 101,189
Income tax benefit (expense) (18,417) 600 (16,354) 2,505
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent (85,904) 8,809 (111,751) 103,694
Income from discontinued operations before other items 0 11,736 0 32,304
Gain (Loss) on Disposition of Real Estate, Discontinued Operations 0 13,458 0 29,948
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 25,194 0 62,252
Net (loss) income (85,904) 34,003 (111,751) 165,946
Preferred dividend requirements (6,034) (6,034) (18,102) (18,102)
Net (loss) income available to common shareholders of EPR Properties (91,938) 27,969 (129,853) 147,844
Foreign currency translation adjustment 4,148 (2,267) (5,063) 5,515
Change in net unrealized gain (loss) on derivatives (1,923) 1,752 (4,318) (12,941)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (83,679) $ 33,488 $ (121,132) $ 158,520
Basic earnings per share data:        
Net income from continuing operations available to common shareholders of EPR Properties per basic share $ (1.23) $ 0.04 $ (1.70) $ 1.12
Net income from discontinued operations available to common shareholders of EPR Properties per basic share 0 0.32 0 0.82
Net income available to common shareholders (in dollars per share) (1.23) 0.36 (1.70) 1.94
Diluted earnings per share data:        
Net income from continuing operations available to common shareholders of EPR Properties per diluted share (1.23) 0.04 (1.70) 1.12
Net income from discontinued operations available to common shareholders of EPR Properties per diluted share 0 0.32 0 0.82
Net income available to common shareholders (in dollars per share) $ (1.23) $ 0.36 $ (1.70) $ 1.94
Shares used for computation (in thousands):        
Basic (in shares) 74,613 77,632 76,456 76,169
Diluted (in shares) 74,613 77,664 76,456 76,207