NYSE : EPR
EPR Properties — Financial statements
Real Estate · REIT - Specialty · United States
Last price 58.34 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.47B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 656.57M | 608.61M | 585.17M | 616.14M | 575.60M | 478.88M |
| Other Revenue | 41.61M | 41.20M | 47.25M | 38.30M | 44.71M | 12.47M |
| Total Revenue | 760.32M | 713.96M | 688.25M | 698.02M | 655.36M | 525.34M |
| Property Expenses | 61.28M | 59.17M | 59.15M | 57.48M | 55.98M | 56.74M |
| Selling, General & Administrative | 59.97M | 58.01M | 51.69M | 56.84M | 51.58M | 44.36M |
| Depreciation & Amortization | 188.25M | 169.16M | 165.73M | 168.03M | 163.65M | 163.77M |
| Other Operating Expenses | 45.71M | 46.58M | 57.12M | 44.92M | 33.81M | 21.74M |
| Total Operating Expenses | 355.21M | 332.91M | 333.69M | 328.15M | 315.84M | 264.64M |
| Operating Income | 405.11M | 381.05M | 354.56M | 369.87M | 339.52M | 260.69M |
| Interest Expense | -145.64M | -131.80M | -130.64M | -128.04M | -130.14M | -144.90M |
| Interest & Investment Income | 1.36M | 1.36M | 2.49M | 5.86M | 1.65M | 153.00K |
| Currency Exchange Gain (Loss) | 603.00K | 606.00K | 1.01M | 880.00K | 446.00K | 105.00K |
| Other Non-Operating Income | -1.44M | -2.64M | -2.66M | -2.68M | -2.68M | -3.34M |
| EBT Excluding Unusual Items | 259.99M | 248.57M | 224.76M | 245.89M | 208.79M | 112.70M |
| Merger & Restructuring Charges | -2.20M | -2.20M | -798.00K | -1.55M | -4.53M | -3.40M |
| Gain (Loss) on Sale of Investments | -28.22M | -647.00K | ||||
| Gain (Loss) on Sale of Assets | 36.96M | 39.53M | 16.10M | -2.20M | 651.00K | 17.88M |
| Total Insurance Settlements | 552.00K | 1.18M | ||||
| Asset Writedown | -51.76M | -67.37M | -27.35M | -2.71M | ||
| Other Unusual Items | 5.00M | -8.48M | -12.58M | -25.45M | ||
| Pretax Income | 299.76M | 277.43M | 147.50M | 174.77M | 177.47M | 100.20M |
| Income Tax Expense | 2.96M | 2.50M | 1.43M | 1.73M | 1.24M | 1.60M |
| Earnings From Continuing Operations | 296.80M | 274.94M | 146.07M | 173.05M | 176.23M | 98.61M |
| Net Income | 296.80M | 274.94M | 146.07M | 173.05M | 176.23M | 98.61M |
| Preferred Dividends & Other Adjustments | 24.10M | 24.14M | 24.14M | 24.14M | 24.14M | 24.13M |
| Net Income to Common | 272.70M | 250.79M | 121.92M | 148.90M | 152.09M | 74.47M |
| Basic Shares Outstanding | 76.40M | 76.04M | 75.64M | 75.26M | 74.97M | 74.75M |
| Diluted Shares Outstanding | 76.90M | 76.50M | 76.00M | 75.72M | 75.04M | 74.76M |
| EPS (Basic) | 3.57 | 3.30 | 1.61 | 1.98 | 2.03 | 1.00 |
| EPS (Diluted) | 3.55 | 3.28 | 1.60 | 1.97 | 2.03 | 1.00 |
| Dividend Per Share | 3.65 | 3.52 | 3.40 | 3.30 | 3.25 | 1.50 |
| Operating Margin | 53.28% | 53.37% | 51.52% | 52.99% | 51.81% | 49.62% |
| Profit Margin | 35.87% | 35.13% | 17.71% | 21.33% | 23.21% | 14.18% |
| EBITDA | 593.29M | 549.88M | 519.96M | 537.37M | 502.82M | 424.08M |
| EBITDA Margin | 78.03% | 77.02% | 75.55% | 76.98% | 76.72% | 80.73% |
| D&A For Ebitda | 188.18M | 168.84M | 165.40M | 167.50M | 163.30M | 163.38M |
| EBIT | 405.11M | 381.05M | 354.56M | 369.87M | 339.52M | 260.69M |
| EBIT Margin | 53.28% | 53.37% | 51.52% | 52.99% | 51.81% | 49.62% |
| Funds From Operations (FFO) | 427.35M | 383.81M | 360.25M | 394.56M | 347.69M | 225.59M |
| FFO Per Share | 5.47 | 4.96 | 4.70 | 5.15 | 4.60 | 3.02 |
| Adjusted Funds From Operations (AFFO) | 433.76M | 398.22M | 371.41M | 400.64M | 370.34M | 243.94M |
| AFFO Per Share | 5.52 | 5.14 | 4.84 | 5.03 | 4.69 | 3.26 |
| Effective Tax Rate | 0.99% | 0.90% | 0.97% | 0.99% | 0.70% | 1.59% |
| Revenue as Reported | 764.38M | 718.36M | 698.07M | 705.67M | 658.03M | 531.68M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 5.22B | 4.72B | 4.72B | 4.86B | 4.99B | 4.94B |
| Total Real Estate Assets | 5.24B | 4.74B | 4.74B | 4.88B | 5.01B | 4.96B |
| Cash & Equivalents | 52.35M | 90.58M | 22.06M | 78.08M | 107.93M | 288.82M |
| Accounts Receivable | 105.46M | 94.92M | 77.50M | 62.83M | 52.58M | 75.84M |
| Other Receivables | 1.61M | 2.94M | 7.09M | 824.00K | 1.01M | 2.24M |
| Goodwill | 693.00K | 693.00K | 693.00K | 693.00K | 693.00K | |
| Other Intangible Assets | 70.70M | 30.96M | 31.75M | 34.02M | 35.93M | 37.11M |
| Loans Receivable Current | 139.00K | 2.71M | 3.35M | 3.88M | 2.87M | 7.25M |
| Restricted Cash | 4.92M | 8.07M | 13.64M | 2.90M | 2.58M | 1.08M |
| Other Current Assets | 35.62M | 101.00K | 1.48M | 17.74M | 25.92M | 16.16M |
| Trading Asset Securities | 194.00K | 677.00K | 876.00K | 1.24M | ||
| Deferred Long-Term Charges | 13.70M | 7.70M | 10.50M | 4.10M | 6.40M | 8.70M |
| Other Long-Term Assets | 11.25M | 41.56M | 40.83M | 49.75M | 52.96M | 36.67M |
| Total Assets | 6.18B | 5.70B | 5.62B | 5.70B | 5.76B | 5.80B |
| Current Portion of Long-Term Debt | 629.60M | 300.00M | ||||
| Current Portion of Leases | 29.59M | 25.72M | ||||
| Long-Term Debt | 3.35B | 2.30B | 2.56B | 2.82B | 2.81B | 2.80B |
| Long-Term Leases | 243.74M | 175.16M | 212.40M | 226.96M | 241.41M | 193.07M |
| Accounts Payable | 95.53M | 64.10M | 80.67M | 77.89M | 68.25M | 56.05M |
| Other Current Liabilities | 23.75M | 29.72M | 25.86M | 25.27M | 21.41M | 18.90M |
| Long-Term Unearned Revenue | 122.72M | 108.55M | 80.56M | 77.44M | 63.94M | 61.56M |
| Long-Term Deferred Tax Liabilities | 21.63M | 20.14M | 4.57M | 4.10M | 4.58M | |
| Other Long-Term Liabilities | 6.41M | 7.14M | 12.46M | 7.74M | 12.57M | |
| Total Liabilities | 3.84B | 3.36B | 3.29B | 3.24B | 3.22B | 3.18B |
| Preferred Stock, Redeemable | 60.00K | 60.00K | 60.00K | 60.00K | 60.00K | 60.00K |
| Preferred Stock, Convertible | 87.00K | 88.00K | 88.00K | 88.00K | 88.00K | 88.00K |
| Total Preferred Equity | 6.13M | 6.18M | 6.18M | 6.18M | 6.18M | 6.18M |
| Common Stock | 850.00K | 842.00K | 836.00K | 829.00K | 825.00K | 822.00K |
| Additional Paid-In Capital | 4.00B | 3.98B | 3.95B | 3.92B | 3.90B | 3.88B |
| Distributions in Excess of Earnings | -1.36B | -1.36B | -1.34B | -1.20B | -1.10B | -1.00B |
| Treasury Stock | -308.56M | -295.29M | -285.41M | -274.04M | -269.75M | -264.82M |
| Comprehensive Income & Other | -860.00K | 1.04M | -3.76M | 3.30M | 1.90M | 9.96M |
| Total Common Equity | 2.34B | 2.33B | 2.32B | 2.45B | 2.54B | 2.62B |
| Shareholders' Equity | 2.34B | 2.34B | 2.33B | 2.46B | 2.54B | 2.62B |
| Total Liabilities & Equity | 6.18B | 5.70B | 5.62B | 5.70B | 5.76B | 5.80B |
| Total Debt | 3.59B | 3.13B | 3.07B | 3.04B | 3.05B | 3.02B |
| Net Cash (Debt) | -3.54B | -3.04B | -3.05B | -2.96B | -2.94B | -2.73B |
| Net Cash Per Share | -46.06 | -39.79 | -40.13 | -39.15 | -39.21 | -36.58 |
| Filing Date Shares Outstanding | 76.65M | 76.52M | 76.06M | 75.68M | 75.29M | 74.97M |
| Total Common Shares Outstanding | 76.61M | 76.14M | 75.74M | 75.33M | 75.03M | 74.81M |
| Book Value Per Share | 30.51 | 30.59 | 30.67 | 32.58 | 33.80 | 34.99 |
| Tangible Book Value | 2.27B | 2.30B | 2.29B | 2.42B | 2.50B | 2.58B |
| Tangible Book Value Per Share | 29.58 | 30.17 | 30.25 | 32.11 | 33.31 | 34.49 |
| Land | 1.33B | 1.23B | 1.22B | 1.22B | 1.24B | 1.22B |
| Buildings | 5.30B | 4.83B | 4.63B | 4.61B | 4.64B | 4.52B |
| Construction In Progress | 52.10M | 54.91M | 112.26M | 131.26M | 76.03M | 42.36M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 296.80M | 274.94M | 146.07M | 173.05M | 176.23M | 98.61M |
| Depreciation & Amortization | 188.18M | 168.84M | 165.40M | 167.50M | 163.30M | 163.38M |
| Other Amortization | 10.85M | 8.81M | 8.84M | 8.64M | 8.36M | 7.67M |
| Gain (Loss) on Sale of Assets | -36.96M | -39.53M | -16.10M | 2.20M | -651.00K | -17.88M |
| Gain (Loss) on Sale of Investments | 28.22M | 647.00K | ||||
| Asset Writedown | 51.76M | 67.37M | 27.35M | 2.71M | ||
| Stock-Based Compensation | 19.34M | 17.50M | 15.66M | 17.82M | 16.67M | 14.90M |
| Income (Loss) on Equity Investments | 3.46M | 3.80M | 8.81M | 8.07M | 2.45M | 5.15M |
| Change in Accounts Receivable | -14.09M | -15.38M | -24.20M | -11.32M | 25.47M | 37.39M |
| Change in Accounts Payable | 2.82M | -5.61M | 11.95M | 8.49M | 14.58M | -8.65M |
| Change in Other Net Operating Assets | -1.93M | -3.90M | -9.23M | -2.74M | -10.00K | -1.83M |
| Other Operating Activities | 950.00K | -846.00K | -1.20M | -344.00K | -721.00K | 24.27M |
| Operating Cash Flow | 473.30M | 420.95M | 393.14M | 447.09M | 441.72M | 306.93M |
| Acquisition of Real Estate Assets | -771.31M | -240.79M | -147.97M | -151.86M | -250.24M | -85.86M |
| Sale of Real Estate Assets | 84.46M | 141.28M | 74.42M | 57.16M | 10.96M | 96.14M |
| Net Sale / Acq. of Real Estate Assets | -686.85M | -99.52M | -73.55M | -94.70M | -239.28M | 10.28M |
| Investment in Marketable & Equity Securities | -665.00K | -2.10M | -1.29M | -4.86M | -19.39M | -13.61M |
| Other Investing Activities | 822.00K | 1.44M | 11.81M | 8.38M | 571.00K | 5.62M |
| Investing Cash Flow | -696.91M | -121.68M | -176.35M | -201.05M | -351.58M | 1.86M |
| Long-Term Debt Issued | 1.07B | 244.00M | 400.00M | |||
| Long-Term Debt Repaid | -997.00M | -205.64M | -1.29B | |||
| Net Debt Issued (Repaid) | 591.40M | 75.00M | 38.36M | -888.76M | ||
| Issuance of Common Stock | 904.00K | 949.00K | 816.00K | 615.00K | 758.00K | 460.00K |
| Repurchase of Common Stock | -13.16M | -9.86M | -11.38M | -3.70M | -4.26M | -2.76M |
| Preferred Stock Issued | 107.00K | |||||
| Common & Preferred Dividends Paid | -301.08M | -290.72M | -279.89M | -272.25M | -265.66M | -117.53M |
| Total Dividends Paid | -301.08M | -290.72M | -279.89M | -272.25M | -265.66M | -117.53M |
| Other Financing Activities | -26.29M | -12.10M | -9.53M | -369.00K | -339.00K | -38.08M |
| Foreign Exchange Rate Adjustments | -573.00K | 403.00K | -448.00K | 119.00K | -129.00K | -218.00K |
| Net Cash Flow | 27.59M | 62.95M | -45.28M | -29.53M | -179.39M | -738.11M |
| Levered Free Cash Flow | 358.02M | 332.53M | 318.36M | 355.48M | 351.55M | 293.71M |
| Unlevered Free Cash Flow | 438.19M | 406.10M | 391.16M | 426.87M | 424.53M | 376.61M |
| Cash Interest Paid | 130.43M | 130.91M | 129.46M | 125.65M | 125.81M | 150.03M |
| Cash Income Tax Paid | 3.64M | 2.88M | 2.65M | 1.50M | 1.28M | 1.47M |
| Change in Working Capital | -3.71M | -21.03M | -26.57M | 1.93M | 37.27M | 30.09M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.48B | 3.80B | 3.35B | 3.65B | 2.83B | 3.55B |
| Enterprise Value | 8.02B | 6.76B | 6.39B | 6.53B | 5.72B | 6.31B |
| Last Close Price | 57.71 | 47.29 | 39.24 | 39.74 | 28.63 | 33.52 |
| Price/FFO Ratio | 10.20 | 9.54 | 8.35 | 7.72 | 6.22 | 11.10 |
| Price/AFFO Ratio | 10.11 | 9.20 | 8.11 | 7.90 | 6.10 | 10.28 |
| PE Ratio | 16.46 | 15.15 | 27.50 | 24.51 | 18.61 | 47.70 |
| PS Ratio | 5.87 | 5.32 | 4.87 | 5.23 | 4.32 | 6.76 |
| PB Ratio | 1.89 | 1.63 | 1.44 | 1.48 | 1.11 | 1.35 |
| P/OCF Ratio | 9.43 | 9.03 | 8.53 | 8.16 | 6.41 | 11.57 |
| EV/Sales Ratio | 10.53 | 9.47 | 9.29 | 9.35 | 8.73 | 12.02 |
| EV/EBITDA Ratio | 13.49 | 12.30 | 12.29 | 12.15 | 11.38 | 14.89 |
| EV/EBIT Ratio | 19.76 | 17.75 | 18.03 | 17.65 | 16.85 | 24.22 |
| Debt / Equity Ratio | 1.53 | 1.34 | 1.32 | 1.24 | 1.20 | 1.15 |
| Debt / EBITDA Ratio | 6.05 | 5.69 | 5.90 | 5.64 | 6.05 | 7.10 |
| Net Debt / Equity Ratio | 1.51 | 1.30 | 1.31 | 1.21 | 1.16 | 1.04 |
| Net Debt / EBITDA Ratio | 5.97 | 5.54 | 5.87 | 5.52 | 5.85 | 6.45 |
| Asset Turnover | 0.13 | 0.13 | 0.12 | 0.12 | 0.11 | 0.08 |
| Quick Ratio | 1.34 | 0.25 | 0.26 | 1.38 | 1.81 | 3.65 |
| Current Ratio | 1.68 | 0.27 | 0.31 | 1.62 | 2.17 | 3.89 |
| Return on Equity (ROE) | 12.69% | 11.79% | 6.10% | 6.92% | 6.82% | 3.75% |
| Return on Assets (ROA) | 4.32% | 4.21% | 3.92% | 4.03% | 3.67% | 2.61% |
| Return on Invested Capital (ROIC) | 6.81% | 6.95% | 6.44% | 6.60% | 6.00% | 4.21% |
| Earnings Yield | 6.08% | 7.24% | 4.36% | 4.74% | 6.23% | 2.78% |
| Dividend Yield | 6.36% | 7.05% | 7.68% | 6.81% | 8.62% | 3.16% |
| Payout Ratio | 104.77% | 105.74% | 191.62% | 157.33% | 150.75% | 119.19% |
| Buyback Yield / Dilution | -0.64% | -0.65% | -0.38% | -0.90% | -0.38% | 1.63% |
| Total Shareholder Return | 5.79% | 6.40% | 7.30% | 5.92% | 8.23% | 4.79% |