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

1.2%

EPR

1.5%

US REITs

0.5%

US Market


1 Year Return

15.0%

EPR

20.3%

US REITs

6.8%

US Market

Return vs Industry: EPR underperformed the US REITs industry which returned 20.3% over the past year.

Return vs Market: EPR exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

EPRIndustryMarket
7 Day1.2%1.5%0.5%
30 Day1.9%1.7%-0.8%
90 Day6.4%7.6%-0.9%
1 Year22.1%15.0%25.7%20.3%9.2%6.8%
3 Year25.2%4.1%35.8%18.5%45.6%36.2%
5 Year93.6%42.9%64.6%29.8%63.2%45.4%

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?

41.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EPR ($78.29) is trading below our estimate of fair value ($133.28)

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 (23.1x) compared to the REITs industry average (36.2x).

PE vs Market: EPR is poor value based on its PE Ratio (23.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: EPR is poor value based on its PEG Ratio (5x)


Price to Book Ratio

PB vs Industry: EPR is good value based on its PB Ratio (2x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

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

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPR's forecast earnings growth (4.6% per year) is above the savings rate (2.7%).

Earnings vs Market: EPR's earnings (4.6% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: EPR's revenue (4.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: EPR's revenue (4.8% 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 (8.6%).


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

Earnings Trend: EPR's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: EPR's earnings growth over the past year (14.9%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: EPR earnings growth over the past year (14.9%) underperformed the REITs industry 17.6%.


Return on Equity

High ROE: EPR's Return on Equity (9.1%) is considered low.


Return on Assets

ROA vs Industry: EPR has a higher Return on Assets than the REITs industry average last year.


Return on Capital Employed

ROCE Improving: EPR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is EPR Properties's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: EPR has a high level of physical assets or inventory.

Debt Coverage by Assets: EPR's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: EPR's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if EPR has a sufficient allowance for bad loans.

Low Risk Liabilities: EPR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if EPR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EPR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if EPR has an appropriate level of bad loans.


Next Steps

Dividend

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

5.75%

Current Dividend Yield


Dividend Yield vs Market

company5.7%marketbottom25%1.4%markettop25%3.7%industryaverage3.6%forecastin3Years5.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: EPR's dividend (5.75%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: EPR's dividend (5.75%) is in the top 25% of dividend payers in the US market (3.73%)

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.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88%), EPR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EPR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.9% payout ratio).


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Greg Silvers (55yo)

4.7yrs

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

Compensation vs. Market: Greg's total compensation ($USD5.13M) is about average for companies of similar size in the US market ($USD6.81M).

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


Management Age and Tenure

3.9yrs

Average Tenure

55yo

Average Age

Experienced Management: EPR's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

61yo

Average Age

Experienced Board: EPR's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

Insider Buying: EPR 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
Independent 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
Independent Trustee
Shares2,578
Max PriceUS$79.12
SellUS$147,09417 Jun 19
Robin Sterneck
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
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
Independent Trustee
Shares506
Max PriceUS$79.48
SellUS$62,43604 Mar 19
Robin Sterneck
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
Shares860
Max PriceUS$72.60
SellUS$140,74006 Dec 18
Peter Brown
EntityIndividual
Role
Member of the Board of Directors
Independent Trustee
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: 4.7yrs
    • Compensation: US$5.13m
  • Craig Evans (58yo)

    Senior VP

    • Tenure: 4.5yrs
    • Compensation: US$1.72m
  • Jerry Earnest (62yo)

    Executive Advisor

    • Tenure: 1.6yrs
    • 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: 3.7yrs
    • Compensation: US$1.66m
  • Brian Moriarty

    Vice President of Corporate Communications

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

    VP & Chief Accounting Officer

    • Tenure: 4.1yrs
    • Compensation: US$952.84k
  • Greg Zimmerman (57yo)

    Executive VP & Chief Investment Officer

    • Tenure: 0.5yrs
  • LIZ GRACE

    Vice President of Human Resources & Administration

    • Tenure: 1.6yrs
  • Aaron Linn

    Vice President of Underwriting & Analysis

    • Tenure: 1.8yrs

Board Members

  • Greg Silvers (55yo)

    President

    • Tenure: 4.7yrs
    • Compensation: US$5.13m
  • Peter Brown (60yo)

    Independent Trustee

    • Tenure: 9.4yrs
    • Compensation: US$299.69k
  • Jack Newman (71yo)

    Independent Trustee

    • Tenure: 10.4yrs
    • Compensation: US$299.69k
  • Bob Druten (71yo)

    Independent Chairman of the Board

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

    Independent Trustee

    • Tenure: 15.4yrs
    • Compensation: US$323.69k
  • Tom Bloch (65yo)

    Independent Trustee

    • Tenure: 6.4yrs
    • Compensation: US$299.69k
  • Jim Connor (60yo)

    Independent Trustee

    • Tenure: 0.8yrs
  • Ginny Shanks (59yo)

    Independent Trustee

    • Tenure: 0.4yrs
  • Robin Sterneck (61yo)

    Independent Trustee

    • Tenure: 6.1yrs
    • 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$6.072b
  • 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 Analysis2019/10/20 23:35
End of Day Share Price2019/10/18 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.