NYSE:EPR

Stock Analysis Report

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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. More Details


Snowflake Analysis

Fair value with moderate growth potential.


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

-5.9%

EPR

-0.4%

US REITs

0.08%

US Market


1 Year Return

-61.3%

EPR

-13.7%

US REITs

12.8%

US Market

Return vs Industry: EPR underperformed the US REITs industry which returned -13.7% over the past year.

Return vs Market: EPR underperformed the US Market which returned 12.8% over the past year.


Shareholder returns

EPRIndustryMarket
7 Day-5.9%-0.4%0.08%
30 Day1.3%-1.4%-1.8%
90 Day-16.8%0.09%7.2%
1 Year-58.8%-61.3%-10.2%-13.7%15.3%12.8%
3 Year-49.2%-58.0%13.5%-0.004%39.2%29.9%
5 Year-21.8%-41.9%46.6%17.3%88.3%67.1%

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 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 ($29.75) is trading below our estimate of fair value ($64.72)

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 PE Ratio (238.7x) compared to the US REITs industry average (33.7x).

PE vs Market: EPR is poor value based on its PE Ratio (238.7x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: EPR is poor value based on its PEG Ratio (9.3x)


Price to Book Ratio

PB vs Industry: EPR is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (1.5x).


Next Steps

Future Growth

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

25.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPR's forecast earnings growth (25.7% per year) is above the savings rate (2.2%).

Earnings vs Market: EPR's earnings (25.7% per year) are forecast to grow faster than the US market (23.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EPR's revenue (4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: EPR's revenue (4% 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 (2.7%).


Next Steps

Past Performance

How has EPR Properties performed over the past 5 years?

-7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EPR has a large one-off loss of $121.3M impacting its June 30 2020 financial results.

Growing Profit Margin: EPR's current net profit margins (1.6%) are lower than last year (30.2%).


Past Earnings Growth Analysis

Earnings Trend: EPR's earnings have declined by 7.8% 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 (-94.3%) over the past year, making it difficult to compare to the REITs industry average (3.3%).


Return on Equity

High ROE: EPR's Return on Equity (1.2%) 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 ($1.2B) exceed its short term liabilities ($82.6M).

Long Term Liabilities: EPR's short term assets ($1.2B) do not cover its long term liabilities ($4.2B).


Debt to Equity History and Analysis

Debt Level: EPR's debt to equity ratio (141%) is considered high.

Reducing Debt: EPR's debt to equity ratio has increased from 102.3% to 141% over the past 5 years.

Debt Coverage: EPR's debt is not well covered by operating cash flow (7.4%).

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


Balance Sheet


Next Steps

Dividend

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

6.06%

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?

4.6yrs

Average management tenure


CEO

Greg Silvers (56 yo)

5.58yrs

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 ($USD4.16M) is about average for companies of similar size in the US market ($USD4.57M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gregory Silvers
President5.58yrsUS$4.16m0.67%
$ 14.9m
Mark Peterson
Executive VP14.25yrsUS$2.00m0.21%
$ 4.6m
Gregory Zimmerman
Executive VP & Chief Investment Officer1.42yrsUS$1.87m0.044%
$ 974.0k
Craig Evans
Executive VP5.42yrsUS$1.29m0.077%
$ 1.7m
Michael Hirons
Senior Vice President of Asset Management4.58yrsUS$1.22m0.087%
$ 1.9m
Tonya Mater
Senior VP & Chief Accounting Officer5yrsUS$952.84k0.046%
$ 1.0m
Liz Grace
Vice President of Human Resources & Administration2.5yrsno datano data
Brian Moriarty
Vice President of Corporate Communications9.25yrsno datano data
Aaron Linn
Vice President of Underwriting & Analysis2.67yrsno datano data
April Jenkins
VP & Controller4.17yrsno datano data
Morgan Earnest
Executive Advisor2.5yrsUS$6.39m0.20%
$ 4.5m

4.6yrs

Average Tenure

56yo

Average Age

Experienced Management: EPR's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gregory Silvers
President5.58yrsUS$4.16m0.67%
$ 14.9m
Peter Brown
Independent Trustee10.33yrsUS$308.09k0.010%
$ 231.5k
Jack Newman
Independent Trustee11.33yrsUS$322.83k0.0086%
$ 191.6k
Robert Druten
Independent Chairman of the Boardno dataUS$360.13k0.047%
$ 1.1m
Barrett Brady
Independent Trustee16.33yrsUS$320.19k0.020%
$ 443.3k
Thomas Bloch
Independent Trustee7.33yrsUS$322.83k0.031%
$ 690.8k
James Connor
Independent Trustee1.67yrsUS$279.53k0%
$ 0
Virginia Shanks
Independent Trustee1.33yrsUS$252.53k0.0035%
$ 77.5k
Robin Sterneck
Independent Trustee7yrsUS$322.83k0.0039%
$ 86.3k

7.2yrs

Average Tenure

62yo

Average Age

Experienced Board: EPR's board of directors are considered experienced (7.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EPR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


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$2.220b
  • Shares outstanding: 74.61m
  • 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
E2HDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1997
EPR.PRGNYSE (New York Stock Exchange)5.750% CUM PFD GUSUSDNov 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 w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 05:38
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.