KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — EPR Properties (EPR) on Wednesday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations.
The Kansas City, Missouri-based real estate investment trust said it had funds from operations of $105.2 million, or $1.30 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.29 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $60.9 million, or 79 cents per share.
The real estate investment trust, based in Kansas City, Missouri, posted revenue of $183 million in the period. Its adjusted revenue was $157.1 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $155.6 million.
For the year, the company reported funds from operations of $413.7 million. Revenue was reported as $608.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPR at https://www.zacks.com/ap/EPR