Every material Form 8-K EPR Properties filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
EPR Properties reported third quarter 2024 total revenue of $180.5 million, down from $189.4 million a year earlier, and diluted net income per share of $0.53 versus $0.66. The company narrowed its 2024 FFOAA per share guidance to $4.80 to $4.92 from $4.76 to $4.96, but lowered its net income per share guidance to $2.40 to $2.52 from $2.58 to $2.78, and recorded $12.1 million in joint venture impairment charges tied to hurricane damage.
Q3 2024 total revenue $180.5 million vs $189.4 million in Q3 2023; diluted net income per share $0.53 vs $0.66
Q3 2024 FFOAA per diluted share $1.30 vs $1.47; AFFO per diluted share $1.29 vs $1.47
2024 net income per diluted share guidance cut to $2.40 to $2.52 from $2.58 to $2.78
Impairment charges of $12.1 million on two St. Pete Beach lodging joint ventures damaged by Hurricanes Helene and Milton
EPR Properties entered into a Fourth Amended, Restated and Consolidated Credit Agreement on September 19, 2024, providing a new $1.0 billion senior unsecured revolving credit facility with KeyBank as administrative agent. The new facility replaces the prior facility, extends its maturity to October 2, 2028, generally lowers the interest rate on loans, and removes the tangible net worth covenant. For shareholders, the filing describes improved borrowing terms and a $1.0 billion accordion feature, with $169.0 million drawn at September 19, 2024.
Facility size of $1.0 billion, with an accordion feature allowing an increase of $1.0 billion to $2.0 billion subject to lender consent
Maturity extended to October 2, 2028, with two six-month extension options for a total of 12 months
$169.0 million outstanding and $831.0 million available at the close of business on September 19, 2024
Interest rate generally reduced; the tangible net worth covenant was eliminated
EPR Properties increased its Board of Trustees from eight to nine members and elected William P. (Liam) Brown, Group President U.S. & Canada at Marriott International, as an independent trustee effective September 6, 2024. Mr. Brown also joined the Compensation and Human Capital Committee and Audit Committee, and the company entered into a standard indemnification agreement with him.
Board size increased from eight to nine; Mr. Brown elected effective September 6, 2024, to serve until the 2025 annual meeting.
Mr. Brown has spent over 35 years with Marriott International and has been Group President, U.S. & Canada since January 2021.
Mr. Brown will receive standard non-employee trustee compensation, as described in the April 17, 2024 proxy statement.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every EPR Properties filing is on SEC EDGAR ↗. 8-K briefs of other companies →