NYSE:EPR

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Established dividend payer and good value.


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


Market Performance


7 Day Return

-5.0%

NYSE:EPR

-1.6%

US REITs

1.3%

US Market


1 Year Return

7.3%

NYSE:EPR

10.0%

US REITs

2.0%

US Market

EPR underperformed the REITs industry which returned 10.1% over the past year.

EPR outperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

EPRIndustryMarket
7 Day-5.0%-1.6%1.3%
30 Day-0.5%0.3%3.9%
90 Day-3.9%0.6%3.4%
1 Year14.1%7.3%14.9%10.0%4.2%2.0%
3 Year18.6%-1.2%29.3%12.4%47.2%37.6%
5 Year96.1%44.6%66.4%31.2%60.5%42.9%

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

Valuation

Is EPR Properties undervalued based on future cash flows and its price relative to the stock market?

44%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, and at a substantial discount (> 40%).


Price Based on Earnings

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

EPR Properties is poor value based on expected growth next year.


Price Based on Value of Assets

EPR Properties is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

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

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

EPR Properties's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).

EPR Properties's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

EPR Properties's revenue growth is positive but not above the United States of America market average.

EPR Properties's earnings growth is positive but not above the United States of America market average.

EPR Properties's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

EPR Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has EPR Properties performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History


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 exceeds its 5-year average (14.9% vs 11.3%)

EPR Properties's earnings growth has not exceeded the US REITs industry average in the past year (14.9% vs 17%).


Return on Equity

EPR Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

EPR Properties used its assets more efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

EPR Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is EPR Properties's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

EPR Properties's level of debt (105.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (94.6% vs 105.6% today).

Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

6.10%

Expected Dividend Yield


Dividend Yield and Payments Analysis

EPR Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

EPR Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (111x coverage).


Next Steps

Management

What is the CEO of EPR Properties's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Greg Silvers (55yo)

4.6yrs

Tenure

US$5,127,153

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

Greg's remuneration is about average for companies of similar size in United States of America.

Greg's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

55yo

Average Age

The tenure for the EPR Properties management team is about average.


Board Age and Tenure

6.2yrs

Average Tenure

61yo

Average Age

The tenure for the EPR Properties board of directors is about average.


Insider Trading

EPR Properties individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$219,76806 Aug 19
Robert Druten
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares3,000
Max PriceUS$73.29
SellUS$203,95120 Jun 19
Peter Brown
EntityIndividual
Role
Member of the Board of Directors
Shares2,578
Max PriceUS$79.12
SellUS$147,09417 Jun 19
Robin Sterneck
EntityIndividual
Role
Member of the Board of Directors
Shares1,881
Max PriceUS$78.20
SellUS$77,87223 May 19
Tonya Mater
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares1,000
Max PriceUS$77.88
SellUS$382,87422 May 19
Craig Evans
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares5,000
Max PriceUS$76.57
SellUS$40,21702 May 19
Jack Newman
EntityIndividual
Role
Member of the Board of Directors
Shares506
Max PriceUS$79.48
SellUS$62,43604 Mar 19
Robin Sterneck
EntityIndividual
Role
Member of the Board of Directors
Shares860
Max PriceUS$72.60
SellUS$140,74006 Dec 18
Peter Brown
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUS$70.37
SellUS$279,81908 Nov 18
Tonya Mater
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares3,990
Max PriceUS$70.13
SellUS$505,68805 Nov 18
Mark Peterson
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares7,250
Max PriceUS$69.75

Ownership Breakdown


Management Team

  • Greg Silvers (55yo)

    President

    • Tenure: 4.6yrs
    • Compensation: US$5.13m
  • Craig Evans (58yo)

    Senior VP

    • Tenure: 4.4yrs
    • Compensation: US$1.72m
  • Jerry Earnest (62yo)

    Executive Advisor

    • Tenure: 1.5yrs
    • Compensation: US$6.39m
  • Mark Peterson (55yo)

    Executive VP

    • Tenure: 13.3yrs
    • Compensation: US$2.84m
  • Mike Hirons (48yo)

    Senior Vice President of Asset Management

    • Tenure: 3.6yrs
    • Compensation: US$1.66m
  • Brian Moriarty

    Vice President of Corporate Communications

    • Tenure: 8.3yrs
  • Tonya Mater (42yo)

    VP & Chief Accounting Officer

    • Tenure: 4yrs
    • Compensation: US$952.84k
  • Greg Zimmerman (57yo)

    Executive VP & Chief Investment Officer

    • Tenure: 0.4yrs
  • LIZ GRACE

    Vice President of Human Resources & Administration

    • Tenure: 1.5yrs
  • Aaron Linn

    Vice President of Underwriting & Analysis

    • Tenure: 1.7yrs

Board Members

  • Greg Silvers (55yo)

    President

    • Tenure: 4.6yrs
    • Compensation: US$5.13m
  • Peter Brown (60yo)

    • Tenure: 9.3yrs
    • Compensation: US$299.69k
  • Jack Newman (71yo)

    • Tenure: 10.3yrs
    • Compensation: US$299.69k
  • Bob Druten (71yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$347.28k
  • Barry Brady (73yo)

    • Tenure: 15.3yrs
    • Compensation: US$323.69k
  • Tom Bloch (65yo)

    • Tenure: 6.3yrs
    • Compensation: US$299.69k
  • Jim Connor (60yo)

    Independent Trustee

    • Tenure: 0.7yrs
  • Ginny Shanks (59yo)

    Independent Trustee

    • Tenure: 0.3yrs
  • Robin Sterneck (61yo)

    • Tenure: 6yrs
    • Compensation: US$299.69k

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$5.852b
  • Shares outstanding: 77.56m
  • Website: https://www.eprkc.com

Number of Employees


Location

  • EPR Properties
  • 909 Walnut Street
  • Suite 200
  • Kansas City
  • Missouri
  • 64106
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPRNYSE (New York Stock Exchange)YesCommon SharesUSUSDNov 1997
EPR.PRCNYSE (New York Stock Exchange)PFD C CNV 5.75%USUSDNov 2012
EPR.PRENYSE (New York Stock Exchange)CONV PFD 9% SR EUSUSDNov 2012
EPR.PRGNYSE (New York Stock Exchange)5.750% CUM PFD GUSUSDNov 2017

Biography

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 a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:35
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.