EPR PROPERTIES EPR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

EPR Properties ("we," "us," "our," "EPR" or the "Company") was formed on August 22, 1997 as a self-administered Maryland real estate investment trust ("REIT"), and an initial public offering of our common shares of beneficial interest ("common shares") was completed on November 18, 1997. Since that time, we have been a leading net lease investor in experiential real estate, venues that create value by facilitating out-of-home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We focus our underwriting of experiential property investments on key industry and property cash flow criteria, as well as the credit metrics of our tenants and customers.

Last close 55.97 2026-10-23
Market cap $4.29B 2026-06-30 share count
52-week range 48.10 - 64.97

Valuation FY2025 figures against the last close

P/S6.0x
P/E17.1x
P/FCF15.9x
EV/EBITDA12.3x
Dividend yield6.8%
Diluted EPS3.28

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $718.4M$698.1M$705.7M$658.0M$531.7M$414.7M$652.0M$639.9M$518.3M$493.2M
SG&A $55.8M$50.1M$56.4M$51.6M$44.4M$42.6M$46.4M$48.9M$43.4M$37.5M
Total operating expenses $343.6M$398.5M$397.1M$347.7M$270.8M$412.6M————
Operating income $414.3M$315.7M$306.4M$311.0M$278.8M$52.1M————
Interest expense $133.1M$130.8M$124.9M$131.2M$148.1M$157.7M$142.0M$135.9M$133.5M$97.1M
Pre-tax income $277.4M$147.5M$174.8M$177.5M$100.2M-$115.0M$151.5M$224.2M$227.6M$225.5M
Income tax $2.5M$1.4M$1.7M$1.2M$1.6M$16.8M$3.0M$2.3M$2.4M$553.0K
Net income $274.9M$146.1M$173.0M$176.2M$98.6M-$131.7M$202.2M$267.0M$263.0M$225.0M
EPS, basic 3.301.611.982.031.00-2.052.323.273.293.17
EPS, diluted 3.281.601.972.031.00-2.052.323.273.293.17
Shares, diluted (wtd. avg.) 76.5M76.0M75.7M75.0M74.8M76.0M76.8M74.3M71.3M63.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $90.6M$22.1M$78.1M$107.9M$288.8M$1.03B$528.8M$5.9M$41.9M$19.3M
Goodwill $693.0K$693.0K$693.0K$693.0K$693.0K$693.0K$693.0K$693.0K$693.0K$693.0K
Other intangibles $31.7M$32.4M$34.7M$36.6M——————
Total assets $5.70B$5.62B$5.70B$5.76B$5.80B$6.70B$6.58B$6.13B$6.19B$4.87B
Long-term debt $2.93B$2.86B$2.82B$2.81B$2.80B$3.69B$3.10B$2.99B$3.03B$2.49B
Total liabilities $3.37B$3.29B$3.25B$3.22B$3.18B$4.07B$3.57B$3.27B$3.26B$2.68B
Total equity $2.33B$2.32B$2.45B$2.54B$2.62B$2.63B$3.01B$2.87B$2.93B$2.19B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $421.0M$393.1M$447.1M$441.7M$306.9M$65.3M$439.5M$484.3M$398.3M$305.4M
Depreciation and amortisation $165.4M$161.9M$159.3M$158.8M$158.3M$162.6M$153.2M$133.7M$117.6M$103.9M
Stock-based compensation $15.3M$14.1M$17.5M$16.7M$14.9M—$13.2M$15.1M$14.1M$11.2M
Capital expenditure $151.7M$45.7M$60.7M$174.5M$56.6M$38.7M$500.6M$187.5M$397.6M$61.2M
Investing cash flow -$121.7M-$176.4M-$201.0M-$351.6M$1.9M$134.0M$96.5M-$96.8M-$702.1M-$662.1M
Financing cash flow -$236.7M-$261.6M-$275.7M-$269.4M-$1.05B$297.2M-$23.2M-$427.6M$333.5M$371.1M
Dividends paid $290.7M$279.9M$272.2M$265.7M$117.5M$172.5M$367.3M$342.3M$311.7M$265.7M
Buybacks $9.9M$11.4M$3.7M$4.3M$2.8M$7.4M$9.7M$7.2M$6.7M$4.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001045450-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 493.2M Net income, FY2016: 225M Revenue, FY2017: 518.3M Net income, FY2017: 263M Revenue, FY2018: 639.9M Net income, FY2018: 267M Revenue, FY2019: 652M Net income, FY2019: 202.2M Revenue, FY2020: 414.7M Net income, FY2020: -131.7M Revenue, FY2021: 531.7M Net income, FY2021: 98.6M Revenue, FY2022: 658M Net income, FY2022: 176.2M Revenue, FY2023: 705.7M Net income, FY2023: 173M Revenue, FY2024: 698.1M Net income, FY2024: 146.1M Revenue, FY2025: 718.4M Net income, FY2025: 274.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $493.2M $518.3M $639.9M $652.0M $414.7M $531.7M $658.0M $705.7M $698.1M $718.4M
Gross profit — — — — — — — — — —
Net income $225.0M $263.0M $267.0M $202.2M -$131.7M $98.6M $176.2M $173.0M $146.1M $274.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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