Filing Flows › EPR Properties (EPR) › Q2 2025
EPR Properties (EPR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
EPR Properties (EPR) reported revenue of $178M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was 62.5%, net earnings $75.6M (42.5% of revenue).
EPR Properties, Q2 2025: revenue $178M (+3% year over year), operating margin 62.5%, net earnings $75.6M, operating cash flow $87.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $178M | +2% | +3% |
| Operating profit | $111M | +9% | +40% |
| Net earnings | $75.6M | +15% | +68% |
| Operating cash flow | $87.3M | -12% | +11% |
| Free cash flow | $53.2M | -31% | -5% |
What changed
Revenue was $178.1M in Q2 2025, up 3% year over year and up 2% from the previous quarter. Experiential Reportable Operating Segment was the largest line at 95% of revenue. Experiential Reportable Operating Segment added $6.2M year over year (up 4%), 124% of the total change. Corporate / Unallocated declined 79%.
Operating profit was $111.3M, a 62.5% margin (up 16.6 points year over year). Of the extra revenue versus a year earlier, 641% reached operating profit, above the 46% margin then. Total costs fell 29% while revenue rose 3%. The fastest-growing cost line was General & admin (+10%). Net earnings were $75.6M, up 68% year over year. The effective tax rate was 0.9%.
Operating cash flow was $87.3M (up 11% year over year), 115% of net earnings. Non-cash charges added back $42.1M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $34.3M. Capital expenditures of $34.2M left free cash flow of $53.2M.
Questions
What was EPR Properties' revenue in the second quarter 2025?
EPR Properties (EPR) reported revenue of $178M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +2% from the quarter before.
Was EPR Properties profitable in the second quarter 2025?
Operating profit was $111M (62.5% of revenue) and net earnings $75.6M.
Source: EPR Properties 10-Q on SEC EDGAR.