(EPR) EPR Properties - Overview
Sector: Real Estate | Industry: REIT - Specialty | Exchange: NYSE (USA) | Market Cap: 4.388m USD | Total Return: 19.6% in 12m
Avg Turnover: 37.7M
EPS Trend: 77.2%
Qual. Beats: 0
Rev. Trend: 23.9%
Qual. Beats: 0
Warnings
Altman Z'' -0.67 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
EPR Properties is a Maryland-based Real Estate Investment Trust (REIT) focused on the experiential sector, managing a portfolio of leisure and recreation venues across 43 U.S. states and Canada. The company utilizes a net lease model, which typically shifts property-level expenses such as taxes, insurance, and maintenance to the tenant, providing more predictable cash flows for the landlord. Established in 1997, the firm targets high-quality properties where consumers spend discretionary income, including movie theaters, attractions, and fitness centers.
The experiential REIT sector relies heavily on consumer spending patterns and the experience economy, where physical locations serve as hubs for social interaction and entertainment. EPR applies specific underwriting standards to tenant cash flows to mitigate risks associated with discretionary leisure trends. To better understand the specific valuation metrics and dividend sustainability of this REIT, you can review the latest data on ValueRay.
As of its current reporting, the company maintains approximately $5.5 billion in total assets after accounting for accumulated depreciation. The diversified nature of its portfolio is designed to provide stability through exposure to multiple entertainment sub-sectors rather than a single asset class.
- Box office performance and theater attendance drive tenant rent coverage ratios
- High interest rates increase cost of capital for property acquisitions
- Consumer discretionary spending shifts impact experiential real estate revenue
- Tenant concentration in cinema industry poses significant portfolio diversification risk
- Portfolio expansion into non-cinema leisure assets stabilizes long term cash flows
| Net Income: 271.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.55 > 1.0 |
| NWC/Revenue: 6.70% < 20% (prev 94.68%; Δ -87.99% < -1%) |
| CFO/TA 0.08 > 3% & CFO 435.0m > Net Income 271.7m |
| Net Debt (3.27b) to EBITDA (582.6m): 5.61 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (76.6m) vs 12m ago 0.47% < -2% |
| Gross Margin: 66.23% > 18% (prev 0.91%; Δ 6.53k% > 0.5%) |
| Asset Turnover: 12.49% > 50% (prev 11.73%; Δ 0.75% > 0%) |
| Interest Coverage Ratio: 3.04 > 6 (EBITDA TTM 582.6m / Interest Expense TTM 134.8m) |
| A: 0.01 (Total Current Assets 683.2m - Total Current Liabilities 636.3m) / Total Assets 5.68b |
| B: -0.24 (Retained Earnings -1.37b / Total Assets 5.68b) |
| C: 0.07 (EBIT TTM 409.5m / Avg Total Assets 5.61b) |
| D: -0.41 (Book Value of Equity -1.37b / Total Liabilities 3.37b) |
| Altman-Z'' = -0.67 = B |
| DSRI: 0.76 (Receivables 614.8m/748.0m, Revenue 700.2m/649.2m) |
| GMI: 1.37 (GM 66.23% / 90.85%) |
| AQI: 1.04 (AQ_t 0.85 / AQ_t-1 0.82) |
| SGI: 1.08 (Revenue 700.2m / 649.2m) |
| TATA: -0.03 (NI 271.7m - CFO 435.0m) / TA 5.68b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 58.71 with a total of 387,304 shares traded.
Over the past week, the price has changed by +2.21%,
over one month by +5.67%,
over three months by +0.98% and
over the past year by +19.55%.
EPR Properties has received a consensus analysts rating of 3.38. Therefore, it is recommended to hold EPR.
- StrongBuy: 3
- Buy: 2
- Hold: 6
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 59.3 | 1.1% |
P/E Forward = 18.5185
P/S = 6.0924
P/B = 1.9252
P/EG = 2.93
Revenue TTM = 700.2m USD
EBIT TTM = 409.5m USD
EBITDA TTM = 582.6m USD
Long Term Debt = 2.93b USD (from longTermDebt, last fiscal year)
Short Term Debt = 636.3m USD (from shortTermDebt, last fiscal year)
Debt = 3.34b USD (from shortLongTermDebtTotal, last quarter) + Leases 204.7m
Net Debt = 3.27b USD (calculated: Debt 3.34b - CCE 68.5m)
Enterprise Value = 7.66b USD (4.39b + Debt 3.34b - CCE 68.5m)
Interest Coverage Ratio = 3.04 (Ebit TTM 409.5m / Interest Expense TTM 134.8m)
EV/FCF = 17.60x (Enterprise Value 7.66b / FCF TTM 435.0m)
FCF Yield = 5.68% (FCF TTM 435.0m / Enterprise Value 7.66b)
FCF Margin = 62.12% (FCF TTM 435.0m / Revenue TTM 700.2m)
Net Margin = 38.81% (Net Income TTM 271.7m / Revenue TTM 700.2m)
Gross Margin = 66.23% ((Revenue TTM 700.2m - Cost of Revenue TTM 236.4m) / Revenue TTM)
Gross Margin QoQ = 41.92% (prev 44.23%)
Tobins Q-Ratio = 1.35 (Enterprise Value 7.66b / Total Assets 5.68b)
Interest Expense / Debt = 4.04% (Interest Expense 134.8m / Debt 3.34b)
Taxrate = 0.97% (614k / 63.2m)
NOPAT = 405.5m (EBIT 409.5m * (1 - 0.97%))
Current Ratio = 1.07 (Total Current Assets 683.2m / Total Current Liabilities 636.3m)
Debt / Equity = 1.44 (Debt 3.34b / totalStockholderEquity, last quarter 2.32b)
Debt / EBITDA = 5.61 (Net Debt 3.27b / EBITDA 582.6m)
Debt / FCF = 7.51 (Net Debt 3.27b / FCF TTM 435.0m)
Total Stockholder Equity = 2.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.85% (Net Income 271.7m / Total Assets 5.68b)
RoE = 7.36% (Net Income TTM 271.7m / Total Stockholder Equity 3.69b)
RoCE = 6.18% (EBIT 409.5m / Capital Employed (Equity 3.69b + L.T.Debt 2.93b))
RoIC = 7.14% (NOPAT 405.5m / Invested Capital 5.68b)
WACC = 5.92% (E(4.39b)/V(7.72b) * Re(7.38%) + D(3.34b)/V(7.72b) * Rd(4.04%) * (1-Tc(0.01)))
Discount Rate = 7.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 0.40%
[DCF] Terminal Value 76.74% ; FCFF base≈418.2m ; Y1≈456.9m ; Y5≈573.3m
[DCF] Fair Price = 71.86 (EV 8.77b - Net Debt 3.27b = Equity 5.50b / Shares 76.5m; r=8.35% [WACC [floored]]; 5y FCF grow 10.68% → 2.50% )
EPS Correlation: 77.20 | EPS CAGR: 11.31% | SUE: -0.03 | # QB: 0
Revenue Correlation: 23.88 | Revenue CAGR: 0.79% | SUE: 0.18 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.76 | Chg30d=+4.11% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.80 | Chg30d=+1.27% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=-0.66% | Revisions=-20% | GrowthEPS=-12.6% | GrowthRev=+5.7%
EPS next Year (2027-12-31): EPS=3.04 | Chg30d=+0.33% | Revisions=-20% | GrowthEPS=+0.7% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: +20%