EPR Properties reports increases in quarterly profit and revenue

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.

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.

The Star

This story was originally published April 28, 2016 at 5:37 PM with the headline "EPR Properties reports increases in quarterly profit and revenue."