EPR Properties
Concentrates on experiential, drive-to leisure properties with a smaller legacy Education portfolio.
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Profile
Holds a net-lease portfolio of experiential properties—such as theatres, attractions and ski venues—alongside a smaller Education portfolio. Growth is focused on drive-to entertainment, recreation and leisure locations, with rental collections tied to tenant and operator cash flows.
A net-lease REIT focused on properties serving out-of-home entertainment, recreation and leisure. The Experiential segment includes theatres, eat & play venues, attractions, ski properties, experiential lodging, gaming, cultural, and fitness & wellness properties. Its smaller Education segment includes early-childhood education centers and private schools.
Growth is directed toward experiential, drive-to locations, while Education remains a legacy portfolio. The model links rental receipts to tenants and operators that run the venues.
Tenant and operator cash flows depend on discretionary consumer activity, financing access, and uninterrupted venue operations. Economic and financing conditions, inflation affecting customers, and future contagious-disease outbreaks shape the business.
Company facts
Key statistics
Year to date +17.3% · Average volume (30d) 725.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Keybanc | Upgrade | Sector Weight | Overweight | ||
| Aug 19, 2026 | KeyBanc | Upgrade | Sector Weight | Overweight | $70 | |
| Aug 13, 2026 | Raymond James | Reiterate | Outperform | $54 | $65 | |
| Jul 30, 2026 | Stifel Nicolaus | Target | $65.50 | $70.50 | ||
| Jul 15, 2026 | Wells Fargo | Reiterate | Equal Weight | $54 | $61 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.75 | $0.79 | +6.0% | $158.1M | $169.0M | +6.9% | +0.13% |
| May 6, 2026Q1 FY26 | $0.76 | $1.26 | +65.8% | $150.0M | $155.2M | +3.4% | +2.75% |
| Feb 25, 2026Q4 FY25 | $0.71 | $1.30 | +83.4% | $152.1M | $157.1M | +3.2% | +4.22% |
| Oct 29, 2025Q3 FY25 | $1.32 | $1.39 | +5.3% | $181.8M | $170.2M | −6.4% | −6.01% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $163.4M | $165.9M | $170.2M | $183.0M | $181.3M | $196.1M | |
| Gross profit | $148.2M | $151.2M | $155.7M | $80.9M | $76.0M | $196.0M | |
| Operating income | $101.6M | $111.3M | $97.6M | $99.0M | $99.6M | $107.0M | |
| Net income | $65.8M | $75.6M | $66.6M | $66.9M | $62.6M | $67.2M | |
| Diluted EPS | $0.78 | $0.91 | $0.79 | $0.80 | $0.74 | $0.79 | |
| Gross margin | 90.7% | 91.2% | 91.5% | 44.2% | 41.9% | 100.0% | |
| Operating margin | 62.2% | 67.1% | 57.4% | 54.1% | 54.9% | 54.6% |
Fiscal years (4-quarter sums)FY21 $512.9M · FY22 $610.6M · FY23 $681.8M · FY24 $641.0M · FY25 $682.4M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $16.2M · Total debt $3.52B · Total assets $6.05B · Shareholders' equity $2.31B
Dividends
Raised for 4 straight years — most recently to $0.31 from $0.295 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 17 | $0.31 | |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.31 | |
| May 29, 2026 | May 29 | Jun 15 | $0.31 | |
| Apr 30, 2026 | Apr 30 | May 15 | $0.31 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.31 | raised from $0.295 |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.295 | |
| Jan 30, 2026 | Jan 30 | Feb 17 | $0.295 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.295 |
Ownership
Shares outstanding 76.51M · Float 74.72M · 97.7% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.26M | 13.41% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.81M | 8.90% | 13F | Aug 13, 2026 |
| State Street Corporation | 3.81M | 5.00% | 13G | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.44M | 4.50% | 13F | Aug 13, 2026 |
| Quantinno Capital Management LP | 2.15M | 2.81% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Elizabeth Grace | officer: SVP - Human Resources & Admin | −4,200 | $60.57 |
| Aug 6, 2026 | Robin Peppe Sterneck | director | −3,403 | $61.54 |
| Aug 3, 2026 | Tonya L. Mater | officer: SVP & Chief Accounting Officer | −6,692 | $61.79 |
| Jul 17, 2026 | Gwendolyn Mary Johnson | officer: SVP - Asset Management | −1,000 | $62.50 |
| Jul 7, 2026 | Gwendolyn Mary Johnson | officer: SVP - Asset Management | −1,000 | $60.00 |
Peers
- VICI Properties
Experiential real-estate landlord for gaming, bowling, and other venues
- Gaming and Leisure Properties
Gaming real-estate REIT with triple-net leases and project financing
- Realty Income
Large commercial net-lease landlord and real-estate capital provider
- NNN REIT
Retail-focused net-lease REIT with acquisition-led financing
- Four Corners Property Trust
Restaurant-property net-lease REIT with acquisition and leasing platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EPR Properties | $59.58 | +0.03% | $4.56B | 19.1 | 19.8 | 6.2 | +1.9% |
| VICI Properties | $25.95 | +0.27% | $28.48B | 10.0 | 8.9 | 7.0 | +5.7% |
| Gaming and Leisure Properties | $42.56 | +0.01% | $12.05B | 12.4 | 13.1 | 7.3 | +9.0% |
| Realty Income | $62.13 | +0.22% | $57.80B | 45.2 | 38.4 | 9.7 | +1.1% |
| NNN REIT | $45.67 | −0.01% | $8.69B | 22.4 | 21.9 | 9.1 | +7.0% |
| Four Corners Property Trust | $25.23 | 0.00% | $2.77B | 22.7 | 22.5 | 9.0 | +7.7% |
| Median | 22.4 | 21.9 | 9.0 | +7.0% |