Development

EPR Properties reports a strong fourth quarter

Updated: 2014-02-28T00:04:36Z

EPR Properties on Thursday reported an 8 percent increase in fourth-quarter revenue and a more than threefold boost in profits.

The specialty real estate investment trust based in Kansas City said revenue for the three months that ended Dec. 31 grew to $89.4 million from $82.5 million in the same period in 2012. Net income was $57.1 million, compared with $18.8 million a year ago.

For the year, EPR reported an 8 percent increase in revenue to $343.1 million. Net income climbed to $156.4 million from $93.2 million in 2012.

“We believe that we are well positioned to continue this strong trajectory over the next several years,” David Brain, the company’s president and chief executive, said in the earnings statement.

EPR said its total investments at the end of 2013 exceeded $3.5 billion in the entertainment, recreation and education industries.

| The Star

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