EPR Properties
Market Cap
US$2.9b
Last Updated
2020/06/04 01:59 UTC
Data Sources
Company Financials +
Executive Summary
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
Risk Analysis
+ 1 more risk
Snowflake Analysis
Good value with concerning outlook.
Similar Companies
Share Price & News
How has EPR Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EPR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.9%
EPR
3.9%
US REITs
2.4%
US Market
1 Year Return
-53.6%
EPR
-7.4%
US REITs
9.2%
US Market
Return vs Industry: EPR underperformed the US REITs industry which returned -9.7% over the past year.
Return vs Market: EPR underperformed the US Market which returned 9.3% over the past year.
Shareholder returns
| EPR | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.9% | 3.9% | 2.4% |
| 30 Day | 36.9% | 9.7% | 10.2% |
| 90 Day | -33.2% | -11.9% | 3.4% |
| 1 Year | -50.0%-53.6% | -3.6%-7.4% | 11.6%9.2% |
| 3 Year | -37.1%-48.7% | 16.0%1.8% | 33.7%24.9% |
| 5 Year | -10.4%-34.9% | 47.1%17.0% | 59.7%41.8% |
Price Volatility Vs. Market
How volatile is EPR Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Be Concerned About EPR Properties's (NYSE:EPR) Historical Volatility?3 weeks ago | Simply Wall St
What Is EPR Properties's (NYSE:EPR) Share Price Doing?1 month ago | Simply Wall St
What Did EPR Properties's (NYSE:EPR) CEO Take Home Last Year?Valuation
Is EPR Properties undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EPR ($34.41) is trading below our estimate of fair value ($81.62)
Significantly Below Fair Value: EPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EPR is good value based on its PE Ratio (22.5x) compared to the REITs industry average (27.7x).
PE vs Market: EPR is poor value based on its PE Ratio (22.5x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: EPR is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: EPR is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (1.3x).
Next Steps
Future Growth
How is EPR Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
13.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EPR's forecast earnings growth (13.8% per year) is above the savings rate (2.2%).
Earnings vs Market: EPR's earnings (13.8% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: EPR's earnings are forecast to grow, but not significantly.
Revenue vs Market: EPR's revenue (1.6% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: EPR's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EPR is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has EPR Properties performed over the past 5 years?
-0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EPR has a large one-off loss of $62.6M impacting its March 31 2020 financial results.
Growing Profit Margin: EPR's current net profit margins (18.3%) are lower than last year (35.7%).
Past Earnings Growth Analysis
Earnings Trend: EPR's earnings have declined by -0.7% per year over the past 5 years.
Accelerating Growth: EPR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EPR had negative earnings growth (-45%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: EPR's Return on Equity (4.9%) is considered low.
Next Steps
Financial Health
How is EPR Properties's financial position?
Financial Position Analysis
Short Term Liabilities: EPR's short term assets ($1.4B) exceed its short term liabilities ($127.8M).
Long Term Liabilities: EPR's short term assets ($1.4B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: EPR's debt to equity ratio (131.5%) is considered high.
Reducing Debt: EPR's debt to equity ratio has increased from 97% to 131.5% over the past 5 years.
Debt Coverage: EPR's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: EPR's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Next Steps
Dividend
What is EPR Properties's current dividend yield, its reliability and sustainability?
5.90%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EPR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EPR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EPR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EPR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EPR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EPR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Greg Silvers (55yo)
5.33yrs
Tenure
US$4,159,755
Compensation
Mr. Gregory K. Silvers, also known as Greg, J.D., has been the Chief Executive Officer, President, and Secretary of EPR Properties since February 24, 2015, February 24, 2015, and January 2015 respectively. ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD4.16M) is about average for companies of similar size in the US market ($USD5.87M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | US$4.16m | 0.65% $18.5m | |
| Executive VP | 14yrs | US$2.00m | 0.20% $5.7m | |
| Executive VP & Chief Investment Officer | 1.17yrs | US$1.87m | 0.042% $1.2m | |
| Executive VP | 5.17yrs | US$1.29m | 0.074% $2.1m | |
| Senior Vice President of Asset Management | 4.33yrs | US$1.22m | 0.084% $2.4m | |
| VP & Chief Accounting Officer | 4.75yrs | US$952.84k | 0.045% $1.3m | |
| Vice President of Human Resources & Administration | 2.25yrs | no data | no data | |
| Vice President of Corporate Communications | 9yrs | no data | no data | |
| Vice President of Underwriting & Analysis | 2.42yrs | no data | no data | |
| VP & Controller | 3.92yrs | no data | no data |
4.5yrs
Average Tenure
55yo
Average Age
Experienced Management: EPR's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | US$4.16m | 0.65% $18.5m | |
| Independent Trustee | 10.08yrs | US$308.09k | 0.010% $287.6k | |
| Independent Trustee | 11.08yrs | US$322.83k | 0.0083% $237.8k | |
| Independent Chairman of the Board | no data | US$360.13k | 0.040% $1.2m | |
| Independent Trustee | 16.08yrs | US$320.19k | 0.019% $550.2k | |
| Independent Trustee | 7.08yrs | US$322.83k | 0.030% $857.5k | |
| Independent Trustee | 1.42yrs | US$279.53k | no data | |
| Independent Trustee | 1.08yrs | US$252.53k | 0.0013% $37.2k | |
| Independent Trustee | 6.75yrs | US$322.83k | 0.0037% $107.3k |
6.9yrs
Average Tenure
61yo
Average Age
Experienced Board: EPR's board of directors are considered experienced (6.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
EPR Properties's company bio, employee growth, exchange listings and data sources
Key Information
- Name: EPR Properties
- Ticker: EPR
- Exchange: NYSE
- Founded: 1997
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$2.861b
- Shares outstanding: 77.48m
- Website: https://www.eprkc.com
Number of Employees
Location
- EPR Properties
- 909 Walnut Street
- Suite 200
- Kansas City
- Missouri
- 64106
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EPR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Nov 1997 |
| E2H | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1997 |
| EPR.PRC | NYSE (New York Stock Exchange) | PFD C CNV 5.75% | US | USD | Dec 2006 | |
| EPR.PRE | NYSE (New York Stock Exchange) | CONV PFD 9% SR E | US | USD | Mar 2008 | |
| EPR.PRG | NYSE (New York Stock Exchange) | 5.750% CUM PFD G | US | USD | Nov 2017 |
Biography
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 over $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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 01:59 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.