EPR Properties (NYSE:EPR) - Share price, News & Analysis

EPR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	2/6
Financial Health	2/6
Dividends	5/6

EPR Stock Overview

EPR Properties is a leading experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry.

Rewards

Trading at 65.8% below our estimate of its fair value

Earnings are forecast to grow 8.97% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Significant insider selling over the past 3 months

EPR Properties Competitors

Digital Realty Trust

NYSE:DLR

US$40.1b

Gaming and Leisure Properties

NasdaqGS:GLPI

US$11.6b

Uniti Group

NasdaqGS:UNIT

US$5.2b

Four Corners Property Trust

NYSE:FCPT

US$2.2b

Price History & Performance

Summary of all time highs, changes and price drops for EPR Properties
Historical stock prices
Current Share Price	US$49.46
52 Week High	US$56.38
52 Week Low	US$41.14
Beta	1.6
1 Month Change	-10.77%
3 Month Change	0.59%
1 Year Change	1.67%
3 Year Change	-36.80%
5 Year Change	-30.25%
Change since IPO	153.64%

Recent News & Updates

May 19

EPR Properties: Having Fun While Making You Money

I foresee 40% upside with the stock over the next year. The stock price has been stagnant over the past year but financial situation and outlook are much improved. EPR is now collecting almost 100% rent from tenants.

Shareholder Returns

	EPR	US REITs	US Market
7D	-2.9%	3.0%	1.0%
1Y	1.7%	-0.9%	-15.1%

Return vs Industry: EPR exceeded the US REITs industry which returned -1.3% over the past year.

Return vs Market: EPR exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is EPR's price volatile compared to industry and market?
EPR volatility
EPR Average Weekly Movement	4.0%
REITs Industry Average Movement	4.4%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: EPR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EPR's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	53	Greg Silvers	https://www.eprkc.com

EPR 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.

EPR Properties Fundamentals Summary

How do EPR Properties's earnings and revenue compare to its market cap?
EPR fundamental statistics
Market Cap	US$3.71b
Earnings (TTM)	US$113.29m
Revenue (TTM)	US$571.85m

32.7x

P/E Ratio

6.5x

P/S Ratio

Is EPR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EPR income statement (TTM)
Revenue	US$571.85m
Cost of Revenue	US$55.37m
Gross Profit	US$516.49m
Other Expenses	US$403.20m
Earnings	US$113.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.51
Gross Margin	90.32%
Net Profit Margin	19.81%
Debt/Equity Ratio	107.6%

How did EPR perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

44%

Payout Ratio

Does EPR pay a reliable dividends?

See EPR dividend history and benchmarks

When do you need to buy EPR by to receive an upcoming dividend?
EPR Properties dividend dates
Ex Dividend Date	May 27 2022
Dividend Pay Date	Jun 15 2022
Days until Ex dividend	0 days
Days until Dividend pay date	19 days

Does EPR pay a reliable dividends?

See EPR dividend history and benchmarks

Valuation

Is EPR Properties undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EPR ($49.46) is trading below our estimate of fair value ($144.77)

Significantly Below Fair Value: EPR is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: EPR is poor value based on its Price-To-Earnings Ratio (32.7x) compared to the US REITs industry average (32.3x).

PE vs Market: EPR is poor value based on its Price-To-Earnings Ratio (32.7x) compared to the US market (14.9x).

Price to Earnings Growth Ratio

PEG Ratio: EPR is poor value based on its PEG Ratio (3.6x)

Price to Book Ratio

PB vs Industry: EPR is good value based on its Price-To-Book Ratio (1.4x) compared to the US REITs industry average (1.6x).

Future Growth

How is EPR Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPR's forecast earnings growth (9% per year) is above the savings rate (1.9%).

Earnings vs Market: EPR's earnings (9% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: EPR's earnings are forecast to grow, but not significantly.

Revenue vs Market: EPR's revenue (7.7% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: EPR's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EPR's Return on Equity is forecast to be low in 3 years time (7.7%).

Past Performance

How has EPR Properties performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-42.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EPR has high quality earnings.

Growing Profit Margin: EPR became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: EPR's earnings have declined by 42.8% per year over the past 5 years.

Accelerating Growth: EPR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EPR has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).

Return on Equity

High ROE: EPR's Return on Equity (5.3%) is considered low.

Financial Health

How is EPR Properties's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EPR's short term assets ($417.0M) exceed its short term liabilities ($106.3M).

Long Term Liabilities: EPR's short term assets ($417.0M) do not cover its long term liabilities ($3.1B).

Debt to Equity History and Analysis

Debt Level: EPR's net debt to equity ratio (95.2%) is considered high.

Reducing Debt: EPR's debt to equity ratio has reduced from 116.3% to 107.6% over the past 5 years.

Debt Coverage: EPR's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: EPR's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

Dividend

What is EPR Properties's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

6.67%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EPR's dividend (6.67%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: EPR's dividend (6.67%) is in the top 25% of dividend payers in the US market (4.06%)

Stability and Growth of Payments

Stable Dividend: EPR's dividend payments have been volatile in the past 10 years.

Growing Dividend: EPR's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.6%), EPR's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69.4%), EPR's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure

CEO

Greg Silvers (57 yo)

7.25yrs

Tenure

US$8,276,882

Compensation

Mr. Gregory K. Silvers, also known as Greg, J.D., has been the Chief Executive Officer, President, and Secretary of EPR Properties since February 24, 2015 and January 2015 respectively. He is the President...

CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD8.28M) is about average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: EPR's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Experienced Board: EPR's board of directors are considered experienced (8.7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: EPR insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31