Filing Flows › EPR Properties (EPR) › Q1 2025
EPR Properties (EPR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
EPR Properties (EPR) reported revenue of $175M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was 58.1%, net earnings $65.8M (37.6% of revenue).
EPR Properties, Q1 2025: revenue $175M (+5% year over year), operating margin 58.1%, net earnings $65.8M, operating cash flow $99.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $175M | -1% | +5% |
| Operating profit | $102M | +125% | +3% |
| Net earnings | $65.8M | — | +5% |
| Operating cash flow | $99.4M | +7% | -0.2% |
| Free cash flow | $76.5M | +6% | +30% |
What changed
Revenue was $175.0M in Q1 2025, up 5% year over year and down 1% from the previous quarter. Experiential Reportable Operating Segment was the largest line at 94% of revenue. Experiential Reportable Operating Segment added $6.7M year over year (up 4%), 86% of the total change.
Operating profit was $101.6M, a 58.1% margin (down 0.8 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, below the 59% margin then. Total costs grew 7% against revenue growth of 5%. Net earnings were $65.8M, up 5% year over year. The effective tax rate was 0.2%.
Operating cash flow was $99.4M (roughly flat year over year), 151% of net earnings. Non-cash charges added back $41.1M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $11.4M. Capital expenditures of $22.9M left free cash flow of $76.5M.
Questions
What was EPR Properties' revenue in the first quarter 2025?
EPR Properties (EPR) reported revenue of $175M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before.
Was EPR Properties profitable in the first quarter 2025?
Operating profit was $102M (58.1% of revenue) and net earnings $65.8M.
Source: EPR Properties 10-Q on SEC EDGAR.