Entertainment Properties Trust (EPR, Financial) filed Quarterly Report for the period ended 2012-03-31.
Entmnt Ppty Tr has a market cap of $2.23 billion; its shares were traded at around $46.53 with a P/E ratio of 14.2 and P/S ratio of 7.4. The dividend yield of Entmnt Ppty Tr stocks is 6.3%. Entmnt Ppty Tr had an annual average earning growth of 1.8% over the past 10 years.
Rental revenue was $58.3 million for the three months ended March 31, 2012 compared to $55.4 million for the three months ended March 31, 2011. The $2.9 million increase resulted primarily from acquisitions completed in 2012 and 2011 and base rent increases on existing properties. Percentage rents of $0.5 million and $0.4 million were recognized during the three months ended March 31, 2012 and 2011, respectively. Straight-line rents of $0.4 million and $0.3 million were recognized during the three months ended March 31, 2012 and 2011, respectively.
The additional 1.9 million common shares that would result from the conversion of our 5.75% Series C cumulative convertible preferred shares and the additional 1.6 million common shares that would result from the conversion of our 9.0% Series E cumulative convertible preferred shares and the corresponding add-back of the preferred dividends declared on those shares are not included in the calculation of diluted earnings per share for the three months ended March 31, 2012 and 2011 because the effect is anti-dilutive.
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Entmnt Ppty Tr has a market cap of $2.23 billion; its shares were traded at around $46.53 with a P/E ratio of 14.2 and P/S ratio of 7.4. The dividend yield of Entmnt Ppty Tr stocks is 6.3%. Entmnt Ppty Tr had an annual average earning growth of 1.8% over the past 10 years.
Highlight of Business Operations:
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and related notes. In preparing these financial statements, management has made its best estimates and assumptions that affect the reported assets and liabilities. The most significant assumptions and estimates relate to consolidation, revenue recognition, depreciable lives of the real estate, the valuation of real estate, accounting for real estate acquisitions, estimating reserves for uncollectible receivables and the accounting for mortgage and other notes receivable, all of which are described as our critical accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2011. Application of these assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates. Except as noted below, for the three months ended March 31, 2012, there were no material changes to these policies.Rental revenue was $58.3 million for the three months ended March 31, 2012 compared to $55.4 million for the three months ended March 31, 2011. The $2.9 million increase resulted primarily from acquisitions completed in 2012 and 2011 and base rent increases on existing properties. Percentage rents of $0.5 million and $0.4 million were recognized during the three months ended March 31, 2012 and 2011, respectively. Straight-line rents of $0.4 million and $0.3 million were recognized during the three months ended March 31, 2012 and 2011, respectively.
The additional 1.9 million common shares that would result from the conversion of our 5.75% Series C cumulative convertible preferred shares and the additional 1.6 million common shares that would result from the conversion of our 9.0% Series E cumulative convertible preferred shares and the corresponding add-back of the preferred dividends declared on those shares are not included in the calculation of diluted earnings per share for the three months ended March 31, 2012 and 2011 because the effect is anti-dilutive.
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