EPR Properties

Chart & Performance

D1W1MN

Profile

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 nearly $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.

URL

https://www.eprkc.com/

IPO date

Nov 18, 1997

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	705,668 7.24%	658,031 23.76%	531,680 28.22%
Cost of revenue	113,920	107,564	101,101
Unusual Expense (Income)
NOPBT	591,748	550,467	430,579
NOPBT Margin	83.86%	83.65%	80.98%
Operating Taxes	1,727	1,236	1,597
Tax Rate	0.29%	0.22%	0.37%
NOPAT	590,021	549,231	428,982
Net income	173,046 -1.81%	176,229 78.72%	98,606 -174.86%
Dividends	(272,245)	(265,661)	(117,531)
Dividend yield	7.42%	9.39%	3.31%
Proceeds from repurchase of equity	(3,081)	(3,499)	(2,303)
BB yield	0.08%	0.12%	0.06%
Debt
Debt current		241,407	2,804,365
Long-term debt	3,270,017	3,292,925	3,241,955
Deferred revenue		63,939	61,559
Other long-term liabilities	65,761	99,784	(280,354)
Net debt	3,142,184	3,373,434	5,720,828
Cash flow
Cash from operating activities	447,094	441,716	306,925
CAPEX		(13,415)	(113,195)
Cash from investing activities	(201,048)	(351,585)	1,862
Cash from financing activities	(275,695)	(269,392)	(1,046,678)
FCF	307,941	3,492,360	1,316,450
Balance
Cash	78,079	107,934	288,822
Long term investments	49,754	52,964	36,670
Excess cash	92,550	127,996	298,908
Stockholders' equity	(1,196,274)	1,854,486	1,739,298
Invested Capital	6,693,485	5,864,371	7,927,861
ROIC	9.40%	7.96%	5.07%
ROCE	10.76%	9.44%	5.10%
EV
Common stock shares outstanding	75,715	75,043	74,756
Price	48.45 28.45%	37.72 -20.57%	47.49 46.12%
Market cap	3,668,392 29.60%	2,830,622 -20.27%	3,550,162 43.74%
EV	6,810,724	9,152,952	12,004,397
EBITDA	759,781	713,764	593,964
EV/EBITDA	8.96	12.82	20.21
Interest	134,929	131,175	148,095
Interest/NOPBT	22.80%	23.83%	34.39%