Mark Peterson
Executive VP, CFO & Treasurer at EPR Properties
As we have discussed previously, given our current cost of capital, we are eliminating our near term investment spending. We are confirming our 2025 investment spending guidance of $200,000,000 to 300,000,000 We are increasing guidance for disposition proceeds for 2025 to a range of $80,000,000 to $120,000,000 from a range of $25,000,000 to $75,000,000 On the next slide, we are increasing our percentage rent and participating interest income to a range of $21,500,000 to $25,500,000 from a range of $18,000,000 to $22,000,000 This increase is primarily related to the $2,900,000 in prior period income recognized in the first quarter that I discussed previously as well as additional amounts expected related to the current year. We are increasing our G and A expense a range of $53,000,000 to $56,000,000 from a range of $52,000,000 to $55,000,000 with the largest increase at the midpoint related to noncash stock grant amortization. We are confirming the guidance for our consolidated operating properties, which is provided by giving a range for other income and other expense. One final comment regarding our FFO as adjusted per share guidance.