Increased Attendance Was Primary Growth Driver
KANSAS CITY, Mo.--(BUSINESS WIRE)--
EPR Properties (NYSE:EPR) today announced that box office revenues
reached a record $10.8 billion in 2012, a 6% increase over 2011
according to Box Office Analyst. Additionally, admissions (tickets sold)
reached 1.33 billion, a 4% increase over 2011. Average ticket prices are
estimated to have increased 2% to $8.09.
Organized as a real estate investment trust (REIT), EPR Properties owns
117 megaplex theatres within its Entertainment portfolio and for more
than 15 years its tenants have included premiere motion picture
exhibition companies. Trends such as premium seating, expanded food and
beverage concepts, digital and 3D projection, along with satellite
delivery of sports and live concerts continue to enhance the consumer
experience. The Company sees these trends growing and has evolved its
investment strategy to include some combination of these elements at
almost every location it owns.
Company President and CEO David Brain commented, “2012 was an
outstanding year for cinema and demonstrated the resiliency of the
category. We were pleased to see strong revenue growth driven by
increased ticket sales. Our tenant partners recognize the importance of
offering high quality motion picture content combined with an
outstanding consumer experience and we’re excited about the continued
evolution of the experience and the upcoming 2013 box office potential.”
ABOUT EPR PROPERTIES
EPR Properties is a specialty real estate investment trust (REIT) that
invests in properties in select market segments which require unique
industry knowledge, while offering the potential for stable and
attractive returns. Our total investments exceed $3.1 billion and our
primary investment segments are Entertainment, Recreation and Education.
We adhere to rigorous underwriting and investing criteria centered on
key industry and property level cash flow standards. We believe our
focused niche approach provides a competitive advantage, and the
potential for higher growth and better yields. Further information is
available at www.eprkc.com.
EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice
President - Corporate Communications
brianm@eprkc.com
Source: EPR Properties