EPR Properties (NYSE:EPR) elevated its full-year steering after Q2 outcomes outpaced Wall Avenue expectations, the corporate spent $239M on acquisitions, growth and redevelopment within the first six months of the 12 months, and its deferral collections stay on monitor.

The REIT specializing in leisure experiences now expects 2022 adjusted FFO per share of $4.50-$4.60, up from its earlier vary of $4.39-$4.55; compares with consensus of $4.54.

“In the course of the second quarter, we delivered significant development in earnings and constant deferral collections, supporting our elevated earnings outlook for the 12 months,” mentioned Chairman and CEO Greg Silvers.

EPR Properties (EPR) inventory is rising 0.8% in Monday after-hours buying and selling.

Funding spending for the primary half of 2022 totaled $239.2M and the corporate expects capital deployment to speed up within the second half of the 12 months.

Q2 adjusted FFO per share of $1.23 vs. $1.10 consensus, elevated from $1.16 in Q1 and $0.71 in Q2 2021.

Q2 rental income of $142.9M vs. $139.M within the earlier quarter and from $115.9M within the year-ago quarter.

Q2 whole income of $160.4M simply beat the $149.4M consensus and climbed from $157.5M in Q1 and from $125.4M in Q2 2021.

Q2 adjusted EBITDAre of $130.0M vs. $122.8M within the earlier quarter and $96.4M a 12 months in the past.

In the course of the quarter, EPR Properties (EPR) collected $4.90M of deferred lease from accrual foundation prospects that diminished receivables and $4.7M of deferred lease and $0.3M of deferred curiosity from money foundation prospects that have been booked as further income.

Convention name on Aug. 2 at 8:30 AM ET.

Earlier, EPR Properties (EPR) FFO of $1.23 beats by $0.13, income of $160.45M beats by $11.06M, raises FY22 FFOAA steering