EPR Properties on Thursday reported a sharply higher first-quarter profit, thanks to record revenue.
The Kansas City-based real estate investment trust said net income amounted to $48.2 million for the three months that ended March 31, up from $36.9 million in the same quarter in 2015.
Revenue climbed 19 percent in the quarter to $118.8 million.
EPR said it invested $145.1 million during the quarter in its four operating segments — education, recreation, entertainment, and a casino and resort project in Sullivan County, N.Y.
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The company also confirmed its earnings guidance for 2016 of $4.70 per share to $4.80 per share and its investment spending range of $600 million to $650 million.