Filing Flows › EPR Properties (EPR) › Q3 2025
EPR Properties (EPR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
EPR Properties (EPR) reported revenue of $182M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +2% from the quarter before. Operating margin was 53.5%, net earnings $66.6M (36.5% of revenue).
EPR Properties, Q3 2025: revenue $182M (+1% year over year), operating margin 53.5%, net earnings $66.6M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +2% | +1% |
| Operating profit | $97.6M | -12% | +5% |
| Net earnings | $66.6M | -12% | +43% |
| Operating cash flow | $136M | +56% | +12% |
| Free cash flow | $124M | +133% | +19% |
What changed
Revenue was $182.3M in Q3 2025, up 1% 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 $2.8M year over year (up 2%), 158% of the total change. Corporate / Unallocated declined 66%.
Operating profit was $97.6M, a 53.5% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 273% reached operating profit, above the 51% margin then. Total costs fell 4% while revenue rose 1%. The fastest-growing cost line was General & admin (+17%). Net earnings were $66.6M, up 43% year over year. The effective tax rate was 1.1%.
Operating cash flow was $136.5M (up 12% year over year), 205% of net earnings. Non-cash charges added back $42.4M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $23.6M. Capital expenditures of $12.6M left free cash flow of $123.8M.
Questions
What was EPR Properties' revenue in the third quarter 2025?
EPR Properties (EPR) reported revenue of $182M for the third quarter 2025 (Q3 2025), +1% from a year earlier and +2% from the quarter before.
Was EPR Properties profitable in the third quarter 2025?
Operating profit was $97.6M (53.5% of revenue) and net earnings $66.6M.
Source: EPR Properties 10-Q on SEC EDGAR.