EPR Properties(EPR)Earnings, Financials & Key Ratios

EPR•NYSE•REIT / Real Estate

$56.33

$4.31B mkt cap·17.2× P/E·Price updated May 6, 2026

SectorReal Estate IndustrySpecialty REITs Sub-IndustryExperiential and Specialty Net Lease

AboutEPR Properties is a leading experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have nearly $6.7 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns.Show more

Revenue$718M+12.1%
FFO$444M+42.6%
FFO/Share5.81+42.0%
FFO Payout65.46%-27.2%
FFO per Share5.81+42.0%
NOI Margin44.67%-50.8%
FFO Margin61.82%+27.2%
ROE11.82%+93.3%
ROA4.86%+88.2%
Debt/Assets55.11%+0.7%
Net Debt/EBITDA5.57-12.2%
Book Value/Share30.45-0.2%

Technical→

EPR Key Insights

EPR Properties (EPR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓FFO growing 41.1% TTM
✓Sustainable FFO payout ratio of 65.5%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

EPR Price & Volume

EPR Properties (EPR) stock price & volume — 10-year historical chart

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EPR Growth Metrics

EPR Properties (EPR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.49%

5 Years12.12%

3 Years5.56%

TTM7.86%

Profit CAGR

10 Years3.52%

5 Years-

3 Years15.98%

TTM82.18%

EPS CAGR

10 Years1.13%

5 Years-

3 Years17.34%

TTM98.77%

Return on Capital

10 Years5.3%

5 Years5.71%

3 Years6.18%

Last Year7.21%

EPR Recent Earnings

EPR Properties (EPR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 9/12 qtrs (75%)

Q1 2026Latest

Feb 25, 2026

EPS

$1.30

Est $0.71

+83.4%

Revenue

$157M

Est $152M

+3.2%

Q4 2025

Oct 29, 2025

EPS

$1.39

Est $1.32

+5.3%

Revenue

$170M

Est $182M

-6.4%

Q3 2025

Jul 30, 2025

EPS

$1.24

Est $1.25

-0.8%

Revenue

$166M

Est $185M

-10.2%

Q2 2025

May 7, 2025

EPS

$1.21

Est $1.19

+1.7%

Revenue

$163M

Est $164M

-0.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 25, 2026	$1.30vs $0.71+83.4%	$157Mvs $152M+3.2%
Q4 2025	Oct 29, 2025	$1.39vs $1.32+5.3%	$170Mvs $182M-6.4%
Q3 2025	Jul 30, 2025	$1.24vs $1.25-0.8%	$166Mvs $185M-10.2%
Q2 2025	May 7, 2025	$1.21vs $1.19+1.7%	$163Mvs $164M-0.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
VICIVICI Properties Inc.Direct Competitor	30.62B	28.65	10.98	4.08%	76.69%	11.05%
GLPIGaming and Leisure Properties, Inc.Direct Competitor	13.61B	48.04	16.34	4.13%	57.31%	17.89%	1.56
PEBPebblebrook Hotel TrustDirect Competitor	1.65B	14.59	-16.21	1.53%	-4.17%	-2.4%	0.96
RHPRyman Hospitality Properties, Inc.Direct Competitor	7B	110.95	29.43	10.15%	9.93%	23.77%	3.54
SAFESafehold Inc.Direct Competitor	1.08B	15.09	9.49	5.43%	29.69%	4.75%	1.84
AMCAMC Entertainment Holdings, Inc.Product Competitor	1B	1.64	-1.33	4.57%	-10.88%
CNKCinemark Holdings, Inc.Product Competitor	3.24B	27.73	26.66	2.15%	4.42%	25.42%	9.14
PRKSUnited Parks & Resorts Inc.Product Competitor	1.95B	35.76	11.69	-3.64%	10.13%

Compare EPR vs Peers

EPR Properties (EPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VICI

Most directly comparable listed peer for EPR.

Scale Benchmark

vs NFLX

Larger-name benchmark to compare EPR against a more recognizable public peer.

Peer Set

Compare Top 5

vs VICI, GLPI, PEB, RHP

EPR Income Statement

EPR Properties (EPR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Revenue	575.99M	700.73M	651.97M	405.52M	512.86M	610.65M	659.72M	641M	718.36M	700.22M
Revenue Growth %	16.78%	21.66%	-6.96%	-37.8%	26.47%	19.07%	8.04%	-2.84%	12.07%	7.86%
Property Operating Expenses	31.65M	30.76M	60.74M	58.59M	56.74M	55.98M	57.48M	59.15M	397.49M	131.46M
Net Operating Income (NOI)	544.34M▲ 0%	669.98M▲ 23.1%	591.23M▼ 11.8%	346.94M▼ 41.3%	456.13M▲ 31.5%	554.66M▲ 21.6%	602.24M▲ 8.6%	581.85M▼ 3.4%	320.87M▼ 44.9%	568.76M▲ 0%
NOI Margin %	94.5%	95.61%	90.68%	85.55%	88.94%	90.83%	91.29%	90.77%	44.67%	81.23%
Operating Expenses	176.57M	202.76M	234.87M	250.96M	177.32M	243.71M	295.84M	266.18M	-56.1M	95M
G&A Expenses	43.38M	48.89M	46.37M	42.6M	44.36M	51.58M	56.44M	50.1M	55.83M	56.05M
EBITDA	449.56M	694.4M	638.92M	265.83M	442.58M	474.61M	474.43M	481.07M	546.13M	581.51M
EBITDA Margin %	78.05%	99.1%	98%	65.55%	86.3%	77.72%	71.91%	75.05%	76.02%	83.05%
Depreciation & Amortization	208.75M	226.75M	321.21M	169.85M	163.77M	163.65M	168.03M	165.4M	169.16M	173.03M
D&A / Revenue %	36.24%	32.36%	49.27%	41.89%	31.93%	26.8%	25.47%	25.8%	23.55%	24.71%
Operating Income	240.81M▲ 0%	467.66M▲ 94.2%	317.71M▼ 32.1%	95.98M▼ 69.8%	278.81M▲ 190.5%	310.96M▲ 11.5%	306.4M▼ 1.5%	315.67M▲ 3.0%	376.97M▲ 19.4%	408.49M▲ 0%
Operating Margin %	41.81%	66.74%	48.73%	23.67%	54.36%	50.92%	46.44%	49.25%	52.48%	58.34%
Interest Expense	133.12M	135.51M	142M	153.89M	140.58M	131.18M	122.08M	130.81M	133.08M	4M
Interest Coverage	2.67x	2.62x	2.04x	0.25x	1.71x	2.30x	2.43x	2.08x	3.08x	-
Non-Operating Income	84.77M	59.92M	44.01M	57.06M	38.02M	9.03M	9.55M	43.72M	-33.54M	-3.68M
Pretax Income	265.37M▲ 0%	269.27M▲ 1.5%	151.52M▼ 43.7%	-114.97M▼ 175.9%	100.2M▲ 187.2%	177.47M▲ 77.1%	174.77M▼ 1.5%	147.5M▼ 15.6%	277.43M▲ 88.1%	274.72M▲ 0%
Pretax Margin %	46.07%	38.43%	23.24%	-28.35%	19.54%	29.06%	26.49%	23.01%	38.62%	39.23%
Income Tax	2.4M	2.29M	-3.04M	16.76M	1.6M	1.24M	1.73M	1.43M	2.5M	2.97M
Effective Tax Rate %	0.9%	0.85%	-2%	-14.57%	1.59%	0.7%	0.99%	0.97%	0.9%	1.08%
Net Income	262.97M▲ 0%	266.98M▲ 1.5%	154.56M▼ 42.1%	-131.73M▼ 185.2%	98.61M▲ 174.9%	176.23M▲ 78.7%	173.05M▼ 1.8%	146.07M▼ 15.6%	274.94M▲ 88.2%	271.74M▲ 0%
Net Margin %	45.65%	38.1%	23.71%	-32.48%	19.23%	28.86%	26.23%	22.79%	38.27%	38.81%
Net Income Growth %	16.88%	1.53%	-42.11%	-185.23%	174.86%	78.72%	-1.81%	-15.59%	88.23%	82.18%
Funds From Operations (FFO)	471.71M▲ 0%	493.73M▲ 4.7%	475.76M▼ 3.6%	38.13M▼ 92.0%	262.38M▲ 588.2%	339.88M▲ 29.5%	341.08M▲ 0.4%	311.47M▼ 8.7%	444.1M▲ 42.6%	444.77M▲ 0%
FFO Margin %	81.9%	70.46%	72.97%	9.4%	51.16%	55.66%	51.7%	48.59%	61.82%	63.52%
FFO Growth %	17.76%	4.67%	-3.64%	-91.99%	588.2%	29.54%	0.35%	-8.68%	42.58%	298.55%
FFO per Share	6.62	6.64	6.20	0.50	3.51	4.53	4.50	4.09	5.81	5.81
FFO Payout Ratio %	66.08%	69.33%	77.21%	452.35%	44.79%	78.16%	79.82%	89.86%	65.46%	49.44%
EPS (Diluted)	3.29▲ 0%	3.59▲ 9.1%	2.01▼ 44.0%	-1.73▼ 186.1%	1.00▲ 157.8%	2.03▲ 103.0%	1.97▼ 3.0%	1.60▼ 18.8%	3.28▲ 105.0%	3.55▲ 0%
EPS Growth %	3.79%	9.12%	-44.01%	-186.07%	157.8%	103%	-2.96%	-18.78%	105%	98.77%
EPS (Basic)	3.29	3.59	2.01	-1.73	1.00	2.03	1.98	1.61	3.30	-
Diluted Shares Outstanding	71.25M	74.34M	76.78M	75.99M	74.76M	75.04M	75.72M	76.19M	76.5M	76.57M

EPR Balance Sheet

EPR Properties (EPR) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Assets	6.19B	6.13B	6.58B	6.7B	5.8B	5.76B	5.7B	5.62B	5.7B	5.68B
Asset Growth %	27.27%	-0.97%	7.28%	1.93%	-13.47%	-0.73%	-1%	-1.48%	1.48%	0.15%
Real Estate & Other Assets	4.9B	5.35B	408.22M	393.65M	399.03M	4.81B	4.69B	4.57B	-60.92M	0
PP&E (Net)	-812K	-573K	5.45B	5.07B	4.94B	200.99M	186.63M	173.36M	170.75M	166.65M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Current Assets	1.2B	688.08M	645.03M	1.17B	391.39M	657.8M	741M	828.89M	976.32M	683.22M
Cash & Equivalents	41.92M	5.87M	528.76M	1.03B	288.82M	107.93M	78.08M	22.06M	98.65M	68.47M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	92.13M	60.92M	31.28M	26.73M	26.73M	2.58M	25.62M	53.1M	0	0
Intangible Assets	28.18M	41.8M	44M	40.94M	37.11M	36.62M	34.71M	32.44M	31.66M	0
Total Liabilities	3.26B	3.27B	3.57B	4.07B	3.18B	3.22B	3.25B	3.29B	3.37B	3.37B
Total Debt	3.03B	2.99B	3.34B	3.91B	3.02B	3.05B	3.04B	3.07B	3.14B	0
Net Debt	2.99B	2.98B	2.81B	2.88B	2.73B	2.94B	2.96B	3.05B	3.04B	-68.47M
Long-Term Debt	3.03B	2.99B	3.11B	3.7B	2.8B	2.81B	2.82B	2.86B	2.3B	0
Short-Term Borrowings	0	0	0	0	0	0	0	0	636.33M	0
Capital Lease Obligations	0	0	235.65M	202.22M	218.79M	241.41M	226.96M	212.4M	204.75M	624.43M
Total Current Liabilities	235.34M	280.31M	160.01M	102.83M	100.67M	171.46M	203.67M	220.4M	636.33M	0
Accounts Payable	136.93M	168.46M	105.65M	79.39M	56.05M	80.09M	94.93M	107.98M	0	0
Deferred Revenue	68.23M	79.05M	0	0	0	63.94M	77.44M	80.56M	108.55M	0
Other Liabilities	-68.23M	-79.05M	87.63M	81.76M	78.71M	0	0	0	121.16M	0
Total Equity	5.9B▲ 0%	5.83B▼ 1.1%	3.01B▼ 48.4%	2.64B▼ 12.5%	2.62B▼ 0.5%	2.54B▼ 3.4%	2.45B▼ 3.2%	2.32B▼ 5.3%	2.33B▲ 0.3%	2.32B▲ 0%
Equity Growth %	27.03%	-1.1%	-48.36%	-12.46%	-0.48%	-3.37%	-3.22%	-5.33%	0.26%	-6.93%
Shareholders Equity	2.93B	2.87B	3.01B	2.64B	2.62B	2.54B	2.45B	2.32B	2.33B	2.32B
Minority Interest	2.97B	2.97B	0	0	0	0	0	0	0	0
Common Stock	769K	772K	816K	819K	822K	825K	829K	836K	842K	0
Additional Paid-in Capital	3.48B	3.5B	3.83B	3.86B	3.88B	3.9B	3.92B	3.95B	3.98B	0
Retained Earnings	-443.47M	-521.75M	0	0	0	-1.1B	-1.2B	-1.34B	-1.36B	0
Preferred Stock	148K	148K	6.18M	6.18M	6.18M	148K	148K	148K	148K	0
Return on Assets (ROA)	4.76%	4.33%	2.43%	-1.98%	1.58%	3.05%	3.02%	2.58%	4.86%	4.83%
Return on Equity (ROE)	4.99%	4.55%	3.5%	-4.66%	3.75%	6.83%	6.94%	6.11%	11.82%	11.68%
Debt / Assets	48.92%	48.7%	50.82%	58.27%	52.12%	52.99%	53.38%	54.71%	55.11%	0%
Debt / Equity	0.51x	0.51x	1.11x	1.48x	1.15x	1.20x	1.24x	1.32x	1.35x	1.35x
Net Debt / EBITDA	6.64x	4.29x	4.40x	10.84x	6.18x	6.20x	6.25x	6.34x	5.57x	5.57x
Book Value per Share	82.76	78.46	39.23	34.70	35.10	33.79	32.41	30.49	30.45	30.25

EPR Cash Flow Statement

EPR Properties (EPR) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	391.1M	484.33M	439.53M	65.27M	306.93M	441.72M	447.09M	393.14M	420.95M	420.95M
Operating CF Growth %	27.73%	23.84%	-9.25%	-85.15%	370.22%	43.92%	1.22%	-12.07%	7.08%	-71.9%
Operating CF / Revenue %	67.9%	69.12%	67.42%	16.1%	59.85%	72.34%	67.77%	61.33%	58.6%	60.12%
Net Income	262.97M	266.98M	202.24M	-131.73M	98.61M	176.23M	173.05M	146.07M	274.94M	271.74M
Depreciation & Amortization	132.84M	152.85M	171.42M	169.85M	163.38M	163.3M	167.5M	165.4M	169.16M	295.59M
Stock-Based Compensation	14.14M	18.33M	13.76M	15.08M	14.9M	16.67M	17.82M	15.66M	0	12.77M
Other Non-Cash Items	-25.24M	57.08M	32.72M	81.46M	31.94M	48.42M	87.15M	94.12M	-2.11M	-237.02M
Working Capital Changes	5.58M	-11.48M	23.5M	-84.64M	30.09M	37.27M	1.93M	-26.57M	-21.03M	-15.42M
Cash from Investing	-702.21M	-96.81M	96.5M	133.99M	1.86M	-351.58M	-201.05M	-176.35M	-121.68M	-164.08M
Acquisitions (Net)	0	-29.47M	-325K	-1.69M	-13.61M	-26.09M	0	-1.29M	0	-1.43M
Purchase of Investments	-135.63M	-43.97M	-154.73M	-95.15M	-4.38M	-3.83M	0	0	-292.71M	-149.61M
Sale of Investments	606K	74.24M	437.22M	228.33M	113.19M	13.41M	0	10.4M	171.03M	34.44M
Other Investing	-567.19M	298.7M	251.56M	135.68M	19.85M	-321.67M	-201.05M	-185.47M	0	-47.47M
Cash from Financing	333.47M	-427.55M	-23.22M	297.17M	-1.05B	-269.39M	-275.69M	-261.62M	-236.73M	-86.24M
Dividends Paid	-311.72M	-342.31M	-367.32M	-172.46M	-117.53M	-265.66M	-272.25M	-279.89M	-290.72M	-221.82M
Common Dividends	-311.72M	-342.31M	-367.32M	-172.46M	-117.53M	-265.66M	-272.25M	-279.89M	-290.72M	-219.89M
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	0	0	1000K	1000K	-391K
Share Repurchases	-6.73M	-7.16M	-9.69M	-113.38M	-2.76M	-4.26M	-3.7M	-11.38M	-9.86M	-22K
Other Financing	104.2M	-27.76M	258.52M	-7.96M	-37.62M	-339K	-369K	-9.53M	-1K	98.38M
Net Change in Cash	22.58M▲ 0%	-40.48M▼ 279.3%	512.93M▲ 1367.2%	496.57M▼ 3.2%	-738.11M▼ 248.6%	-179.39M▲ 75.7%	-29.53M▲ 83.5%	-45.28M▼ 53.3%	62.95M▲ 239.0%	71.72M▲ 0%
Exchange Rate Effect	229K	-442K	121K	142K	-218K	-129K	119K	-448K	403K	452K
Cash at Beginning	19.34M	58.99M	18.51M	531.44M	1.03B	289.9M	110.51M	80.98M	35.7M	0
Cash at End	41.92M	18.51M	531.44M	1.03B	289.9M	110.51M	80.98M	35.7M	98.65M	0
Free Cash Flow	391.1M▲ 0%	88.01M▼ 77.5%	2.31M▼ 97.4%	-67.9M▼ 3035.8%	193.73M▲ 385.3%	428.3M▲ 121.1%	447.09M▲ 4.4%	393.14M▼ 12.1%	420.95M▲ 7.1%	321.58M▲ 0%
FCF Growth %	27.73%	-77.5%	-97.37%	-3035.75%	385.3%	121.08%	4.39%	-12.07%	7.08%	-18.16%
FCF / Revenue %	67.9%	12.56%	0.35%	-16.74%	37.77%	70.14%	67.77%	61.33%	58.6%	45.93%

EPR Key Ratios

EPR Properties (EPR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
FFO per Share	6.62	6.64	6.2	0.5	3.51	4.53	4.5	4.09	5.81	5.81
FFO Payout Ratio	66.08%	69.33%	77.21%	452.35%	44.79%	78.16%	79.82%	89.86%	65.46%	49.44%
NOI Margin	94.5%	95.61%	90.68%	85.55%	88.94%	90.83%	91.29%	90.77%	44.67%	81.23%
Net Debt / EBITDA	6.64x	4.29x	4.40x	10.84x	6.18x	6.20x	6.25x	6.34x	5.57x	5.57x
Debt / Assets	48.92%	48.7%	50.82%	58.27%	52.12%	52.99%	53.38%	54.71%	55.11%	0%
Interest Coverage	2.67x	2.62x	2.04x	0.25x	1.71x	2.30x	2.43x	2.08x	3.08x	-
Book Value / Share	82.76	78.46	39.23	34.7	35.1	33.79	32.41	30.49	30.45	30.25
Revenue Growth	16.78%	21.66%	-6.96%	-37.8%	26.47%	19.07%	8.04%	-2.84%	12.07%	7.86%

EPR SEC Filings & Documents

EPR Properties (EPR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Dec 5, 2025·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 8, 2025·SEC

EPR Frequently Asked Questions

EPR Properties (EPR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

EPR Properties (EPR) reported $700.2M in revenue for fiscal year 2025. This represents a 27909% increase from $2.5M in 1997.

EPR Properties (EPR) grew revenue by 12.1% over the past year. This is steady growth.

Yes, EPR Properties (EPR) is profitable, generating $271.7M in net income for fiscal year 2025 (38.3% net margin).

Dividend & Returns

Yes, EPR Properties (EPR) pays a dividend with a yield of 6.75%. This makes it attractive for income-focused investors.

EPR Properties (EPR) has a return on equity (ROE) of 11.8%. This is reasonable for most industries.

Industry Metrics

EPR Properties (EPR) generated Funds From Operations (FFO) of $444.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

EPR Properties (EPR) offers a 6.75% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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EPR Properties (EPR) financial analysis — history, returns, DCA and operating performance tools

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EPR Properties(EPR)Earnings, Financials & Key Ratios

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