Filing Flows › EPR Properties (EPR) › Q1 2026
EPR Properties (EPR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
EPR Properties (EPR) reported revenue of $181M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.9% from the quarter before. Operating margin was 55.5%, net earnings $62.6M (34.5% of revenue).
EPR Properties, Q1 2026: revenue $181M (+4% year over year), operating margin 55.5%, net earnings $62.6M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | -0.9% | +4% |
| Operating profit | $101M | -3% | -1% |
| Net earnings | $62.6M | -6% | -5% |
| Operating cash flow | $113M | +16% | +14% |
| Free cash flow | $76.9M | — | +0.6% |
What changed
Revenue was $181.3M in Q1 2026, up 4% year over year and down 1% from the previous quarter. Experiential Reportable Operating Segment was the largest line at 95% of revenue. Experiential Reportable Operating Segment added $8.5M year over year (up 5%), 137% of the total change. Corporate / Unallocated declined 78%.
Operating profit was $100.6M, a 55.5% margin (down 2.5 points year over year). Operating profit fell $1.0M even though revenue rose $6.2M versus Q1 2025, so costs grew faster than sales. Total costs grew 10% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $62.6M, down 5% year over year. The effective tax rate was 1.0%.
Operating cash flow was $113.4M (up 14% year over year), 181% of net earnings. Non-cash charges added back $45.0M of depreciation and amortization and $4.1M of share-based compensation. Capital expenditures of $36.4M left free cash flow of $76.9M.
Questions
What was EPR Properties' revenue in the first quarter 2026?
EPR Properties (EPR) reported revenue of $181M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.9% from the quarter before.
Was EPR Properties profitable in the first quarter 2026?
Operating profit was $101M (55.5% of revenue) and net earnings $62.6M.
Source: EPR Properties 10-Q on SEC EDGAR.