2024 Q2 Form 10-Q Financial Statement

#000104545024000036 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $173.1M $167.2M
YoY Change 0.11% -2.43%
Cost Of Revenue $7.888M $14.92M
YoY Change 6.47% 97.49%
Gross Profit $165.2M $152.3M
YoY Change -0.18% -7.04%
Gross Profit Margin 95.44% 91.08%
Selling, General & Admin $18.76M $13.91M
YoY Change -14.14% -33.24%
% of Gross Profit 11.35% 9.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.47M $40.47M
YoY Change -5.1% 1.17%
% of Gross Profit 25.1% 26.57%
Operating Expenses $75.07M $67.35M
YoY Change 0.47% -5.12%
Operating Profit $79.39M $84.96M
YoY Change -12.56% -7.36%
Interest Expense $32.82M -$35.28M
YoY Change -201.91% -211.21%
% of Operating Profit 41.34% -41.52%
Other Income/Expense, Net $14.83M $12.98M
YoY Change 61.91% 44.98%
Pretax Income $45.66M $63.06M
YoY Change 227.38% 8.72%
Income Tax $557.0K $347.0K
% Of Pretax Income 1.22% 0.55%
Net Earnings $45.10M $56.68M
YoY Change 496.59% -1.7%
Net Earnings / Revenue 26.06% 33.89%
Basic Earnings Per Share $0.52 $0.75
Diluted Earnings Per Share $0.51 $0.75
COMMON SHARES
Basic Shares Outstanding 75.67M shares 75.68M shares
Diluted Shares Outstanding 76.02M shares 75.71M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.73M $59.48M
YoY Change -66.17% -38.33%
Cash & Equivalents $33.73M $59.48M
Short-Term Investments
Other Short-Term Assets $32.19M $30.09M
YoY Change -4.27% -22.42%
Inventory
Prepaid Expenses
Receivables $75.49M $69.41M
Other Receivables $0.00 $0.00
Total Short-Term Assets $141.4M $128.9M
YoY Change -24.23% -30.64%
LONG-TERM ASSETS
Property, Plant & Equipment $4.825B $4.869B
YoY Change -2.58% -2.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $45.41M $46.13M
YoY Change -15.54% -9.52%
Other Assets $2.958M $2.929M
YoY Change 12.77% 12.7%
Total Long-Term Assets $5.504B $5.565B
YoY Change -0.24% -0.1%
TOTAL ASSETS
Total Short-Term Assets $141.4M $128.9M
Total Long-Term Assets $5.504B $5.565B
Total Assets $5.645B $5.694B
YoY Change -1.02% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.44M $84.15M
YoY Change -14.84% 10.37%
Accrued Expenses $219.0M $223.1M
YoY Change -6.06% -6.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $311.8M $336.2M
YoY Change -7.17% -1.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.819B $2.818B
YoY Change 0.21% 0.22%
Other Long-Term Liabilities $89.70M $91.83M
YoY Change 25.02% 28.25%
Total Long-Term Liabilities $2.909B $2.910B
YoY Change 0.83% 0.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $311.8M $336.2M
Total Long-Term Liabilities $2.909B $2.910B
Total Liabilities $3.221B $3.246B
YoY Change 0.0% 0.63%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $836.0K $835.0K
YoY Change 0.84% 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $285.4M $285.4M
YoY Change 4.16% 4.2%
Treasury Stock Shares
Shareholders Equity $2.425B $2.448B
YoY Change
Total Liabilities & Shareholders Equity $5.645B $5.694B
YoY Change -1.02% -1.09%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $45.10M $56.68M
YoY Change 496.59% -1.7%
Depreciation, Depletion And Amortization $41.47M $40.47M
YoY Change -5.1% 1.17%
Cash From Operating Activities $78.66M $99.54M
YoY Change -20.84% -18.09%
INVESTING ACTIVITIES
Capital Expenditures $30.24M $75.10M
YoY Change 22.83% 22.36%
Acquisitions
YoY Change
Other Investing Activities -$3.688M $36.55M
YoY Change 10.42% -28217.69%
Cash From Investing Activities -$33.93M -$38.55M
YoY Change 21.35% -37.33%
FINANCING ACTIVITIES
Cash Dividend Paid $68.24M
YoY Change 0.37%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.37M -$79.48M
YoY Change 3.18% 11.19%
NET CHANGE
Cash From Operating Activities 78.66M $99.54M
Cash From Investing Activities -33.93M -$38.55M
Cash From Financing Activities -70.37M -$79.48M
Net Change In Cash -25.65M -$18.58M
YoY Change -902.5% 61.9%
FREE CASH FLOW
Cash From Operating Activities $78.66M $99.54M
Capital Expenditures $30.24M $75.10M
Free Cash Flow $48.41M $24.44M
YoY Change -35.22% -59.37%

Facts In Submission

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CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96438000 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2929000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2599000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62405000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
99037000 usd
CY2024Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
111154000 usd
CY2023Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
134000 usd
CY2024Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 usd
CY2023Q1 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1321000 usd
CY2024Q1 epr Issuance Of Restricted Securities To Employees And Directors
IssuanceOfRestrictedSecuritiesToEmployeesAndDirectors
20096000 usd
CY2023Q1 epr Issuance Of Restricted Securities To Employees And Directors
IssuanceOfRestrictedSecuritiesToEmployeesAndDirectors
21698000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
17265000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
17913000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
617000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
253000 usd
CY2024Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
958000 usd
CY2023Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
783000 usd
CY2024Q1 epr Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
-6762000 usd
CY2023Q1 epr Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
-7510000 usd
CY2024Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
23500000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
25100000 usd
CY2024Q1 us-gaap Straight Line Rent
StraightLineRent
3700000 usd
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
2100000 usd
CY2023Q1 epr Straightlinerentwriteoff
Straightlinerentwriteoff
0 usd
CY2024Q1 epr Straightlinerentwriteoff
Straightlinerentwriteoff
0 usd
CY2023Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
4700000 usd
CY2024Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
4700000 usd
CY2024Q1 epr Operating Lease Percentage Revenue
OperatingLeasePercentageRevenue
1900000 usd
CY2023Q1 epr Operating Lease Percentage Revenue
OperatingLeasePercentageRevenue
1800000 usd
CY2023Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
0 usd
CY2024Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
0 usd
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Topgolf USA (Topgolf), American-Multi Cinema, Inc. (AMC) and Regal Cinemas (Regal), a subsidiary of Cineworld Group, represented a significant portion of the Company's total revenue for the three months ended March 31, 2024 and 2023.</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The following is a su</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">mmary of the Company's total revenue derived from rental or interest payments from Topgolf, AMC and Regal (dollars in thousands): </span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:25.909%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.745%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.745%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.748%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">% of Company's Total Revenue</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">Total Revenue</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:100%">% of Company's Total Revenue</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Topgolf</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,723 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,672 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">AMC</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,464 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14.0 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,801 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13.9 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Regal</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,706 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">11.2 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,751 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16.8 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td></tr></table></div>
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6100366000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5973042000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1470507000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1435683000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4629859000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4537359000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
39500000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
40000000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46200000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
17900000 usd
CY2024Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
578900000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
569800000 usd
CY2024Q1 epr Notes Receivable
NotesReceivable
3700000 usd
CY2023Q4 epr Notes Receivable
NotesReceivable
3900000 usd
CY2024Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
200000 usd
CY2023Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
200000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
14415000 usd
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2737000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17152000 usd
CY2024Q1 epr Straight Line Rent Receivable
StraightLineRentReceivable
59329000 usd
CY2023Q4 epr Straight Line Rent Receivable
StraightLineRentReceivable
55533000 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
69414000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
63655000 usd
CY2024Q1 epr Tax Payment Paid Under Protest
TaxPaymentPaidUnderProtest
5900000 usd
CY2024Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Face Amount Asset
FairValueDisclosureOffbalanceSheetRisksFaceAmountAsset
11500000 usd
CY2024Q1 epr Collections Deferred Rent Cash Basis Tenants
CollectionsDeferredRentCashBasisTenants
600000 usd
CY2023Q1 epr Collections Deferred Rent Cash Basis Tenants
CollectionsDeferredRentCashBasisTenants
6500000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.835
CY2024Q1 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
46127000 usd
CY2023Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
49754000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3627000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1985000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1600000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1300000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
400000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4900000 usd
CY2024Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5142000 usd
CY2023Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
47000 usd
CY2024Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
410000 usd
CY2023Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
351000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
31651000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
31722000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
12037000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
9333000 usd
CY2024Q1 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
50000000 usd
CY2024Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
400000 usd
CY2024Q1 us-gaap Derivative Liability After Offset Subject To Master Netting Arrangement
DerivativeLiabilityAfterOffsetSubjectToMasterNettingArrangement
300000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
67400000 usd
CY2024Q1 epr Numberofimpairedproperties
Numberofimpairedproperties
12 property
CY2024Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
578900000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
62709000 usd
CY2024Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6032000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56677000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75398000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
56677000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75398000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
307000 shares
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56677000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75705000 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
57657000 usd
CY2023Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6033000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51624000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75084000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51624000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75084000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
199000 shares
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51624000 usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75283000 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
1800000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
609228 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
44.44
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
290271 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
41.96
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
284885 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
45.47
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
614614 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
42.79
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y7M9D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
13700000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
8300000 usd
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14700000 usd
CY2023Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
51
CY2024Q1 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
51
CY2024Q1 epr Number Of Tenants Ground Lease Subtenants Cash Basis
NumberOfTenantsGroundLeaseSubtenantsCashBasis
1
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 integer
CY2024Q1 us-gaap Assets
Assets
5694036000 usd
CY2023Q4 us-gaap Assets
Assets
5700885000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
142281000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
12037000 usd
CY2024Q1 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
12914000 usd
CY2024Q1 us-gaap Revenues
Revenues
167232000 usd
CY2024Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
14920000 usd
CY2024Q1 us-gaap Other Expenses
OtherExpenses
12976000 usd
CY2024Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
27896000 usd
CY2024Q1 epr Net Operating Income Before Unallocated Items
NetOperatingIncomeBeforeUnallocatedItems
139336000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13908000 usd
CY2024Q1 us-gaap Severance Costs1
SeveranceCosts1
1836000 usd
CY2024Q1 epr Transaction Costs
TransactionCosts
1000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2737000 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
40469000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
17949000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
31651000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3627000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
347000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
62709000 usd
CY2024Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6032000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
56677000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
151591000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
9333000 usd
CY2023Q1 us-gaap Interest And Fee Income Loans Commercial And Residential Real Estate
InterestAndFeeIncomeLoansCommercialAndResidentialRealEstate
10472000 usd
CY2023Q1 us-gaap Revenues
Revenues
171396000 usd
CY2023Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
14155000 usd
CY2023Q1 us-gaap Other Expenses
OtherExpenses
8950000 usd
CY2023Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
23105000 usd
CY2023Q1 epr Net Operating Income Before Unallocated Items
NetOperatingIncomeBeforeUnallocatedItems
148291000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13965000 usd
CY2023Q1 epr Transaction Costs
TransactionCosts
270000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
587000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41204000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-560000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
31722000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1985000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
341000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
57657000 usd
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6033000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51624000 usd
CY2024Q1 epr Number Of Mortgage Notes Receivable
NumberOfMortgageNotesReceivable
5 mortgagenotes
CY2024Q1 epr Mortgage Noteand Notes Receivable Commitments
MortgageNoteandNotesReceivableCommitments
99900000 usd
CY2024Q1 epr Numberof Surety Bonds
NumberofSuretyBonds
4
CY2024Q1 epr Suretybonds
Suretybonds
2100000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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epr-20240331.htm Edgar Link pending
epr-20240331.xsd Edgar Link pending
epr-20240331_lab.xml Edgar Link unprocessable
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