What drove EPR's strong EPS growth in 2024?

EPR Properties' strong EPS growth in 2024 can be attributed to several key factors:

1. **Leasing Performance**: EPR reported a strong leasing performance with 99% of its experiential portfolio and 100% of its education portfolio leased. This high occupancy rate indicates a stable and profitable revenue stream.
2. **Strategic Asset Management**: The company's strategic asset management efforts have been successful in maintaining strong coverage levels and executing investment spending across target experiential property types. This suggests that EPR has been able to optimize its property portfolio to maximize returns.
3. **Regal Cinemas Agreement**: EPR's comprehensive restructuring agreement with Regal Cinemas and the Master Lease for 41 properties have been beneficial. This agreement provides a stable and predictable revenue stream, which has likely contributed to the company's financial performance.
4. **Economic Recovery**: The entertainment sector, including movie theaters, is recovering from the pandemic. As movie theaters reopen and attendance increases, EPR's theater properties are expected to perform better, which could have contributed to the EPS growth.

In summary, EPR's strong EPS growth in 2024 is driven by a combination of strategic leasing, effective asset management, a favorable agreement with Regal Cinemas, and the recovery of the entertainment sector.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|EPR|EPR.N|EPR Properties|2024 Q1|8.695652173913052|0.75|169|
|EPR|EPR.N|EPR Properties|2024 Q2|409.99999999999994|0.51|169|
|EPR|EPR.N|EPR Properties|2024 Q3|-19.696969696969695|0.53|169|
|EPR|EPR.N|EPR Properties|2024 Q4|-136.53846153846152|-0.19|169|