EPR Properties
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EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. The last earnings update was 111 days ago. More info.
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EPR Share Price and Events
7 Day Returns
1 Year Returns
EPR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| EPR Properties (EPR) | 1.8% | 6.8% | 7.4% | 31.2% | 21.3% | 46.8% |
| US REITs | 0.3% | 7.6% | 4.8% | 13.4% | 20% | 27% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- EPR outperformed the REITs industry which returned 13.4% over the past year.
- EPR outperformed the Market in United States of America which returned 0.9% over the past year.
Value
Is EPR Properties undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
EPR Properties
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for EPR Properties.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 21%) (52.64%)) |
0.781 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NYSE:EPR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for EPR Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
EPR Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Adjusted Funds From Operations (AFFO) (USD, Millions) | 430.85 | 466.57 | 468.30 | 491.30 | 508.40 |
| Source | Analyst x5 | Analyst x5 | Analyst x1 | Analyst x1 | Analyst x1 |
|
Present Value Discounted (@ 8.55%) |
396.92 | 396.00 | 366.17 | 353.91 | 337.39 |
| Present value of next 5 years cash flows | $1,850.39 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $508.40 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$8,980.04 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $8,980.04 ÷ (1 + 8.55%)5 |
$5,959.49 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $1,850.39 + $5,959.49 |
$7,809.89 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $7,809.89 / 74.34 |
$105.06 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $105.06 |
| Current discount | Discount to share price of
$75.51
= -1 x ($75.51 - $105.06) / $105.06 |
28.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- EPR Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
- EPR Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for EPR Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
EPR Properties's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $3.36 |
| NYSE:EPR Share Price ** | NYSE (2019-02-15) in USD | $75.51 |
| United States of America REITs Industry PE Ratio | Median Figure of 154 Publicly-Listed REITs Companies | 33.11x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of EPR Properties.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:EPR Share Price ÷ EPS (both in USD) = 75.51 ÷ 3.36 |
22.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EPR Properties is good value based on earnings compared to the US REITs industry average.
- EPR Properties is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
EPR Properties's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.44x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
3.5%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 139 Publicly-Listed REITs Companies | 0.88x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.44x ÷ 3.5% |
6.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EPR Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
EPR Properties's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $38.97 |
| NYSE:EPR Share Price * | NYSE (2019-02-15) in USD | $75.51 |
| United States of America REITs Industry PB Ratio | Median Figure of 192 Publicly-Listed REITs Companies | 1.74x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:EPR Share Price ÷ Book Value per Share (both in USD) = 75.51 ÷ 38.97 |
1.94x |
* Primary Listing of EPR Properties.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- EPR Properties is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess EPR Properties's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) EPR Properties has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- EPR Properties's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- EPR Properties's earnings growth is positive but not above the United States of America market average.
- EPR Properties's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:EPR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 3.5% |
| NYSE:EPR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 3% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 1% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 779 | 304 | 1 | |
| 2022-12-31 | 747 | 292 | 1 | |
| 2021-12-31 | 715 | 278 | 1 | |
| 2020-12-31 | 719 | 281 | 2 | |
| 2019-12-31 | 664 | 259 | 3 | |
| 2018-12-31 | 693 | 257 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 612 | 477 | 250 |
| 2018-06-30 | 606 | 446 | 221 |
| 2018-03-31 | 598 | 407 | 210 |
| 2017-12-31 | 572 | 391 | 234 |
| 2017-09-30 | 555 | 405 | 232 |
| 2017-06-30 | 528 | 348 | 226 |
| 2017-03-31 | 497 | 331 | 201 |
| 2016-12-31 | 483 | 306 | 201 |
| 2016-09-30 | 465 | 309 | 196 |
| 2016-06-30 | 449 | 311 | 188 |
| 2016-03-31 | 433 | 290 | 182 |
| 2015-12-31 | 418 | 278 | 171 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from EPR Properties Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3.72 | 3.72 | 3.72 | 1.00 |
| 2022-12-31 | 3.66 | 3.66 | 3.66 | 1.00 |
| 2021-12-31 | 3.57 | 3.57 | 3.57 | 1.00 |
| 2020-12-31 | 3.42 | 3.50 | 3.35 | 2.00 |
| 2019-12-31 | 3.26 | 3.48 | 3.01 | 4.00 |
| 2018-12-31 | 3.40 | 3.51 | 3.30 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 3.36 |
| 2018-06-30 | 2.98 |
| 2018-03-31 | 2.85 |
| 2017-12-31 | 3.29 |
| 2017-09-30 | 3.38 |
| 2017-06-30 | 3.42 |
| 2017-03-31 | 3.15 |
| 2016-12-31 | 3.17 |
| 2016-09-30 | 3.13 |
| 2016-06-30 | 3.08 |
| 2016-03-31 | 3.06 |
| 2015-12-31 | 2.93 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess EPR Properties's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
EPR Properties has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has EPR Properties performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- EPR Properties's year on year earnings growth rate has been positive over the past 5 years.
- EPR Properties's 1-year earnings growth is less than its 5-year average (7.7% vs 11.3%)
- EPR Properties's earnings growth has not exceeded the US REITs industry average in the past year (7.7% vs 17.3%).
Earnings and Revenue History
All data from EPR Properties Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 611.60 | 249.51 | 46.32 | |
| 2018-06-30 | 606.44 | 220.72 | 46.97 | |
| 2018-03-31 | 598.15 | 209.76 | 44.65 | |
| 2017-12-31 | 572.17 | 234.22 | 43.38 | |
| 2017-09-30 | 555.18 | 231.74 | 44.02 | |
| 2017-06-30 | 527.61 | 226.31 | 41.04 | |
| 2017-03-31 | 497.06 | 200.91 | 39.38 | |
| 2016-12-31 | 482.82 | 201.18 | 37.54 | |
| 2016-09-30 | 464.54 | 195.79 | 35.41 | |
| 2016-06-30 | 449.16 | 188.31 | 33.80 | |
| 2016-03-31 | 433.48 | 181.88 | 32.56 | |
| 2015-12-31 | 418.36 | 170.53 | 31.02 | |
| 2015-09-30 | 407.08 | 169.92 | 29.23 | |
| 2015-06-30 | 397.81 | 162.57 | 28.46 | |
| 2015-03-31 | 389.37 | 154.63 | 27.79 | |
| 2014-12-31 | 380.32 | 151.95 | 27.57 | |
| 2014-09-30 | 369.99 | 162.19 | 27.41 | |
| 2014-06-30 | 359.25 | 160.01 | 27.45 | |
| 2014-03-31 | 350.70 | 151.10 | 26.42 | |
| 2013-12-31 | 342.78 | 151.83 | 25.61 | |
| 2013-09-30 | 337.36 | 121.52 | 24.86 | |
| 2013-06-30 | 330.33 | 120.80 | 23.59 | |
| 2013-03-31 | 325.28 | 124.75 | 23.36 | |
| 2012-12-31 | 318.83 | 113.40 | 23.17 | |
| 2012-09-30 | 310.94 | 124.26 | 22.82 | |
| 2012-06-30 | 306.66 | 116.22 | 21.89 | |
| 2012-03-31 | 303.56 | 89.28 | 21.17 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- EPR Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- EPR Properties used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- EPR Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess EPR Properties's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
EPR Properties has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is EPR Properties's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up EPR Properties's finances.
The net worth of a company is the difference between its assets and liabilities.
- EPR Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- EPR Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from EPR Properties Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 2,903.23 | 2,954.96 | 74.15 |
| 2018-06-30 | 2,892.00 | 2,983.98 | 3.02 |
| 2018-03-31 | 2,881.63 | 3,131.44 | 24.51 |
| 2017-12-31 | 2,932.31 | 3,028.83 | 41.92 |
| 2017-09-30 | 2,894.26 | 2,987.93 | 11.41 |
| 2017-06-30 | 2,907.30 | 2,793.21 | 70.87 |
| 2017-03-31 | 2,245.36 | 2,617.29 | 14.45 |
| 2016-12-31 | 2,191.85 | 2,488.11 | 19.34 |
| 2016-09-30 | 2,195.38 | 2,255.58 | 7.31 |
| 2016-06-30 | 2,200.67 | 2,107.91 | 8.46 |
| 2016-03-31 | 2,192.99 | 2,005.35 | 10.98 |
| 2015-12-31 | 2,079.82 | 1,987.59 | 4.28 |
| 2015-09-30 | 1,995.02 | 2,046.06 | 14.61 |
| 2015-06-30 | 1,908.10 | 1,951.86 | 6.15 |
| 2015-03-31 | 1,915.46 | 1,855.58 | 102.21 |
| 2014-12-31 | 1,932.44 | 1,634.85 | 3.34 |
| 2014-09-30 | 1,933.67 | 1,625.65 | 8.39 |
| 2014-06-30 | 1,757.92 | 1,665.42 | 13.59 |
| 2014-03-31 | 1,766.47 | 1,487.24 | 20.41 |
| 2013-12-31 | 1,693.97 | 1,479.81 | 7.96 |
| 2013-09-30 | 1,499.41 | 1,550.92 | 24.14 |
| 2013-06-30 | 1,460.59 | 1,477.14 | 20.03 |
| 2013-03-31 | 1,463.46 | 1,387.02 | 11.76 |
| 2012-12-31 | 1,465.92 | 1,372.68 | 10.66 |
| 2012-09-30 | 1,472.86 | 1,343.40 | 25.01 |
| 2012-06-30 | 1,478.51 | 1,273.71 | 12.74 |
| 2012-03-31 | 1,483.90 | 1,225.83 | 11.47 |
- EPR Properties's level of debt (101.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (103.2% vs 101.8% today).
- Debt is not well covered by operating cash flow (16.2%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
Financial health checks
We assess EPR Properties's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) EPR Properties has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is EPR Properties's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
EPR Properties
shares you are expected to receive
$119
in your first year as a dividend.
Dividend Amount
- EPR Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- EPR Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 185 Stocks | 4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 4.32 | 1.00 |
| 2022-12-31 | 4.32 | 1.00 |
| 2021-12-31 | 4.32 | 1.00 |
| 2020-12-31 | 4.56 | 6.00 |
| 2019-12-31 | 4.45 | 8.00 |
| 2018-12-31 | 4.32 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-15 | 4.500 | 5.959 |
| 2019-01-16 | 4.500 | 6.201 |
| 2018-12-17 | 4.320 | 6.487 |
| 2018-11-16 | 4.320 | 6.139 |
| 2018-10-17 | 4.320 | 6.243 |
| 2018-09-14 | 4.320 | 6.359 |
| 2018-08-20 | 4.320 | 6.185 |
| 2018-07-17 | 4.320 | 6.415 |
| 2018-06-18 | 4.320 | 6.593 |
| 2018-05-17 | 4.320 | 7.010 |
| 2018-04-17 | 4.320 | 7.674 |
| 2018-03-19 | 4.320 | 7.834 |
| 2018-02-15 | 4.320 | 7.653 |
| 2018-01-18 | 4.320 | 7.396 |
| 2017-12-18 | 4.080 | 6.485 |
| 2017-11-17 | 4.080 | 6.042 |
| 2017-10-16 | 4.080 | 5.874 |
| 2017-09-18 | 4.080 | 5.794 |
| 2017-08-21 | 4.080 | 5.832 |
| 2017-07-19 | 4.080 | 5.829 |
| 2017-06-15 | 4.080 | 5.589 |
| 2017-05-18 | 4.080 | 5.676 |
| 2017-04-13 | 4.080 | 5.628 |
| 2017-03-17 | 4.080 | 5.540 |
| 2017-02-16 | 4.080 | 5.490 |
| 2017-01-17 | 4.080 | 5.505 |
| 2016-12-19 | 3.840 | 5.332 |
| 2016-11-17 | 3.840 | 5.500 |
| 2016-10-19 | 3.840 | 5.416 |
| 2016-09-19 | 3.840 | 5.003 |
| 2016-08-19 | 3.840 | 4.920 |
| 2016-07-20 | 3.840 | 4.724 |
| 2016-06-16 | 3.840 | 4.878 |
| 2016-05-19 | 3.840 | 5.326 |
| 2016-04-19 | 3.840 | 5.640 |
| 2016-03-16 | 3.840 | 5.840 |
| 2016-02-18 | 3.840 | 6.125 |
| 2016-01-15 | 3.840 | 6.524 |
| 2015-12-16 | 3.630 | 6.303 |
| 2015-11-16 | 3.630 | 6.508 |
| 2015-10-19 | 3.630 | 6.464 |
| 2015-09-17 | 3.630 | 6.856 |
| 2015-08-18 | 3.630 | 7.025 |
| 2015-07-21 | 3.630 | 6.437 |
| 2015-06-18 | 3.630 | 6.454 |
| 2015-04-20 | 3.630 | 6.254 |
| 2015-03-16 | 3.630 | 6.070 |
| 2015-02-17 | 3.630 | 6.038 |
| 2015-01-16 | 3.630 | 5.707 |
| 2014-12-19 | 3.420 | 5.734 |
| 2014-11-17 | 3.420 | 6.090 |
| 2014-10-20 | 3.420 | 6.112 |
| 2014-09-16 | 3.420 | 6.559 |
| 2014-08-19 | 3.420 | 6.060 |
| 2014-07-18 | 3.420 | 6.173 |
| 2014-06-18 | 3.420 | 6.126 |
| 2014-05-20 | 3.420 | 6.295 |
| 2014-04-16 | 3.420 | 6.353 |
| 2014-03-18 | 3.420 | 6.396 |
| 2014-02-18 | 3.420 | 6.475 |
| 2014-01-16 | 3.420 | 6.736 |
| 2013-12-17 | 3.160 | 6.384 |
| 2013-11-20 | 3.160 | 6.321 |
| 2013-10-18 | 3.160 | 6.182 |
| 2013-09-19 | 3.160 | 6.437 |
| 2013-08-19 | 3.160 | 6.409 |
| 2013-07-18 | 3.160 | 6.143 |
| 2013-06-18 | 3.160 | 6.278 |
| 2013-05-17 | 3.160 | 5.834 |
| 2013-04-16 | 3.160 | 5.578 |
| 2013-02-26 | 3.160 | 6.187 |
| 2012-12-17 | 3.000 | 6.416 |
| 2012-09-18 | 3.000 | 6.688 |
| 2012-06-15 | 3.000 | 6.788 |
| 2012-02-23 | 3.000 | 6.691 |
| 2011-12-15 | 2.800 | 6.396 |
| 2011-09-16 | 2.800 | 6.689 |
| 2011-06-15 | 2.800 | 6.414 |
| 2011-02-28 | 2.800 | 6.019 |
| 2010-12-15 | 2.600 | 5.652 |
| 2010-09-15 | 2.600 | 5.619 |
| 2010-06-17 | 2.600 | 6.286 |
| 2010-03-15 | 2.600 | 6.152 |
| 2009-12-15 | 2.600 | 7.179 |
| 2009-09-15 | 2.600 | 7.833 |
| 2009-06-19 | 2.600 | 10.020 |
| 2009-03-10 | 2.600 | 13.265 |
| 2009-02-19 | 3.360 | 22.587 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
EPR Properties's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.2x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (105.6x coverage).
Income/ dividend checks
We assess EPR Properties's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can EPR Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) EPR Properties has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $5,080,009 |
| AGE | 54 |
| TENURE AS CEO | 4 years |
CEO Bio
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, February 24, 2015, and January 2015 respectively. He is the President and Chief Executive Officer at EPT Arroyo, Inc., EPR TRS Holdings, Inc., EPT Gulf Pointe, Inc., EPT 909, Inc., Education Capital Solutions, LLC, EPT Boise, Inc., 30 West Pershing, LLC, EPT 301, LLC, Burbank Village, LP, ECE I, LLC, ECE II, LLC, EPT Deer Valley, Inc., EPR Canada, Inc., EPR Karting, LLC, EPR North US LP, Cantera 30 Theatre, L.P., Cantera 30, Inc., EPT Fontana, LLC, EPR Resorts, LLC, EPR Concord II, L.P., EPR Hialeah, Inc., ECS Douglas I, LLC, EPT Oakview, Inc., EPT Auburn, Inc., EPT Wilmington, Inc., EPT Pensacola, Inc., EPT Nineteen, Inc., EPT Davie, Inc., EPT Modesto, Inc., EPT Mesa, Inc., EPT Huntsville, Inc., EPT Dallas, LLC, EPT Columbiana, Inc., and EPT Aliso Viejo, Inc. He is the Manager, President, Chief Executive Officer, Vice President, Principal Financial Officer, and Principal Accounting Officer at Adelaar Developer, LLC. He served as Executive Vice President of EPR Properties since February 2012 until February 24, 2015, its Chief Operating Officer since June 30, 2006 until February 24, 2015 and its Chief Development Officer from 2001 to 2006. He served as Secretary and General Counsel of EPR Properties since 1998 until 2006. From 1994 to 1998, he practiced with the law firm of Stinson Leonard Street LLP specializing in real estate law. From 1987 to 1992, Mr. Silvers served as the System Engineer at Volume Shoe Corporation. From 1987 to 1987, he served as the System Engineer at Electronic Data Systems. He has been Trustee of EPR Properties since 2015. Mr. Silvers is a member of Kansas City Metropolitan Bar Association, Board of Governors at Kansas University School of Law and Board of Trustees at Bishop Seabury Academy. He received his J.D. in 1994 from the University of Kansas and a BS degree from the Tennessee Technological University.
CEO Compensation
- Greg's compensation has been consistent with company performance over the past year.
- Greg's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the EPR Properties management team in years:
- The tenure for the EPR Properties management team is about average.
Management Team
Greg Silvers
President
$5M
54
4 yrs
Mark Peterson
Executive VP
$3M
54
12.7 yrs
Craig Evans
Senior VP
$2M
57
3.8 yrs
Mike Hirons
Senior VP of Strategy & Asset Management
$2M
47
3 yrs
Jerry Earnest
Executive Advisor
$3M
61
0.9 yrs
Tonya Mater
VP & Chief Accounting Officer
41
3.4 yrs
LIZ GRACE
Vice President of Human Resources & Administration
0.9 yrs
Brian Moriarty
Vice President of Corporate Communications
7.7 yrs
April Jenkins
VP & Controller
2.6 yrs
Tom Hudak
Vice President of Entertainment/Retail Investment Group
3.4 yrs
Board of Directors Tenure
Average tenure and age of the EPR Properties board of directors in years:
- The tenure for the EPR Properties board of directors is about average.
Board of Directors
Bob Druten
Chairman of the Board
$317K
70
Greg Silvers
President
$5M
54
3.9 yrs
Peter Brown
$272K
59
8.8 yrs
Jack Newman
$272K
70
9.8 yrs
Tom Bloch
$272K
64
5.8 yrs
Robin Sterneck
$272K
60
5.4 yrs
Barry Brady
$296K
72
14.8 yrs
Jim Connor
Independent Trustee
59
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Dec 18 | Sell | Peter Brown | Individual | 06. Dec 18 | 06. Dec 18 | -2,000 | $70.37 | $-140,740 | ||
| 08. Nov 18 | Sell | Tonya Mater | Individual | 08. Nov 18 | 08. Nov 18 | -3,990 | $70.13 | $-279,819 | ||
| 05. Nov 18 | Sell | Mark Peterson | Individual | 05. Nov 18 | 05. Nov 18 | -7,250 | $69.75 | $-505,688 | ||
| 11. Jun 18 | Sell | Tonya Mater | Individual | 08. Jun 18 | 08. Jun 18 | -2,500 | $62.65 | $-156,625 | ||
Management checks
We assess EPR Properties's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) EPR Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
What Should You Know About EPR Properties's (NYSE:EPR) Future?
Help shape the future of investing tools and you could win a $250 gift card! … Since EPR Properties (NYSE:EPR) released its earnings in September 2018, … with earnings expected to grow by 3.1% in the upcoming year
Simply Wall St - – Full articleIs EPR Properties (NYSE:EPR) A High Quality Stock To Own?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows EPR Properties has a return on equity of 9.6% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleEPR Properties (NYSE:EPR) Insiders Have Been Selling
So before you buy or sell EPR Properties (NYSE:EPR), you may well want to know whether insiders have been buying or selling. … In the last twelve months insiders netted US$1.1m for 15.74k shares sold. … Over the last year we saw more insider selling of EPR Properties shares, than buying.
Simply Wall St - – Full articleHow To Look At EPR Properties (NYSE:EPR)
real estate investment trust (REIT) based in Kansas City, United States. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much EPR actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation
Simply Wall St - – Full articleEPR Properties (NYSE:EPR): What Are The Future Prospects?
Based on EPR Properties's (NYSE:EPR) earnings update on 30 September 2018, … as a 5.2% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 11%.
Simply Wall St - – Full articleShould You Worry About EPR Properties's (NYSE:EPR) CEO Salary Level?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Greg Silvers's Compensation Compare With Similar Sized Companies. … According to our data, EPR Properties has a market capitalization of US$4.9b, and pays its CEO total annual compensation worth US$5m.
Simply Wall St - – Full articleHow Did EPR Properties's (NYSE:EPR) 8.6% ROE Fare Against The Industry?
and want to begin learning the link between company’s fundamentals and stock market performance. … If EPR borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.
Simply Wall St - – Full articleYou May Have Been Looking At EPR Properties (NYSE:EPR) All Wrong
real estate investment trust (REIT) based in Kansas City, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.
Simply Wall St - – Full articleEPR Properties (NYSE:EPR): What Does The Future Look Like?
In March 2018, EPR Properties (NYSE:EPR) announced its earnings update. … with earnings expected to grow by 30.52% in the upcoming year … the past 5-year average growth rate of 13.71%
Simply Wall St - – Full articleIs It Time To Buy EPR Properties (NYSE:EPR)?
EPR Properties (NYSE:EPR), a reits company based in United States,. … received a lot of attention from a substantial price increase on the NYSE over the last few months. … So, could the stock still be trading at a low price relative to its actual value.
Simply Wall St - – Full articleCompany Info
Map
Description
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards. We believe our focused niche approach provides a competitive advantage, and the potential for higher growth and better yields.
Details
| Name: | EPR Properties |
| EPR | |
| Exchange: | NYSE |
| Founded: | 1997 |
| $5,613,293,339 | |
| 74,338,410 | |
| Website: | http://www.eprkc.com |
| Address: |
EPR Properties 909 Walnut Street, Suite 200, Kansas City, Missouri, 64106, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | EPR | Common Shares | New York Stock Exchange | US | USD | 18. Nov 1997 | |
| NYSE | EPR.PRC | PFD C CNV 5.75% | New York Stock Exchange | US | USD | 12. Nov 2012 | |
| NYSE | EPR.PRE | CONV PFD 9% SR E | New York Stock Exchange | US | USD | 12. Nov 2012 | |
| NYSE | EPR.PRG | 5.750% CUM PFD G | New York Stock Exchange | US | USD | 20. Nov 2017 |
Number of employees
Current staff
Industry
| Specialized REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 01:23 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2018/10/30 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
