Entertainment Properties raises FY13 FFO view to $3.79-$3.94 from $3.77-$3.92 FY13 consensus $3.87. The company is increasing its 2013 investment spending guidance to $300M-$350M, from the previous guidance of $275M-$325M. Approximately one-third of the expected investment spending in 2013 relates to carry-over spending on build-to-suit projects initiated in 2012.
EPR Properties narrows FY14 FFO view to $4.03-$4.07 from $4.00-$4.10 Consensus $4.02. EPR Properties is increasing its 2014 guidance for investment spending to a range of $600M-$750M from its prior range of $550M-$600M. The upper end of this range contemplates a recreation resort investment opportunity of approximately $135M which is anticipated to close in Q4 near year-end but this cannot be assured.