Tearsheet

EPR Properties (EPR)


Market Price (12/4/2025): $52.55 | Market Cap: $4.0 Bil
Sector: Real Estate | Industry: Other Specialized REITs

EPR Properties (EPR)


Market Price (12/4/2025): $52.55
Market Cap: $4.0 Bil
Sector: Real Estate
Industry: Other Specialized REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 55%
Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -8.9%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 67%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 63%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%
  
2 Attractive yield
FCF Yield is 9.4%
  
3 Low stock price volatility
Vol 12M is 24%
  
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.
  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 55%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 63%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 63%
2 Attractive yield
FCF Yield is 9.4%
3 Low stock price volatility
Vol 12M is 24%
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail.
5 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -8.9%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 67%

Valuation, Metrics & Events

EPR Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

The request asks for an explanation of a -1.7% stock movement for EPR Properties (EPR) during a future time period (August 31, 2025 to December 4, 2025). As an AI, I cannot predict future stock movements or provide explanations for events that have not yet occurred. However, based on the most recent available information, here are some key points about EPR Properties and analyst sentiment, which provide context regarding its general market perception.

1. Analyst Consensus and Price Targets: As of December 3, 2025, EPR Properties has a consensus analyst rating of "Buy" from 7 analysts, with a price target of $58.36, indicating a 0.00% increase from the current stock price. Another analysis, based on 7 Wall Street analysts in the past 3 months, shows an average price target of $59.35, representing a 13.55% upside potential from the current price of $52.27. A separate group of 9 analysts also provides a "Buy" consensus and an average price target of $57.83, forecasting a 9.46% increase over the next year.

2. Recent Financial Performance and Guidance (as of late 2024): EPR Properties reported slightly stronger-than-expected Q4 2023 earnings and issued 2024 earnings guidance matching analyst estimates. In Q2 2024, Adjusted Funds From Operations (AFFO) slightly missed estimates but rose quarter-over-quarter, with 2024 guidance reaffirmed. The company reported its Q3 2024 results on October 30, 2024, highlighting investment spending of $82.0 million during the quarter and a narrowing of its 2024 earnings guidance for FFOAA per diluted common share.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EPR Return-52%51%-15%39%-1%26%6%
Peers Return45%87%-31%-7%32%-10%103%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
EPR Win Rate50%75%42%67%58%50% 
Peers Win Rate48%57%28%37%50%45% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
EPR Max Drawdown-80%-5%-22%-8%-16%-1% 
Peers Max Drawdown-28%-2%-38%-25%-14%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: IRM, LAMR, LAND, PW, FRMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventEPRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-36.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven57.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven974 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-81.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven425.6%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven396 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-81.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven440.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2613 days1480 days

Compare to IRM, LAMR, LAND, PW, FRMI


In The Past

EPR Properties's stock fell -36.5% during the 2022 Inflation Shock from a high on 8/15/2022. A -36.5% loss requires a 57.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About EPR Properties (EPR)

Better Bets than EPR Properties (EPR)

Trade Ideas

Select past ideas related to EPR. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%
EPR_9302022_Dip_Buyer_ValueBuy09302022EPREPR PropertiesDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
10.8%25.6%-0.6%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%
EPR_9302022_Dip_Buyer_ValueBuy09302022EPREPR PropertiesDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
10.8%25.6%-0.6%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for EPR Properties

Peers to compare with:

Financials

EPRIRMLAMRLANDPWFRMIMedian
NameEPR Prop.Iron Mou.Lamar Ad.Gladston.Power RE.Fermi  
Mkt Price52.4484.28132.239.220.9314.6633.55
Mkt Cap4.024.913.40.30.0-4.0
Rev LTM6636,6402,250682-663
Op Inc LTM3651,32453816-1-365
FCF LTM416-1,1797111-0-1
FCF 3Y Avg418-58067420-1-20
CFO LTM4161,2728728-0-416
CFO 3Y Avg4181,17383229-1-418

Growth & Margins

EPRIRMLAMRLANDPWFRMIMedian
NameEPR Prop.Iron Mou.Lamar Ad.Gladston.Power RE.Fermi  
Rev Chg LTM4.2%10.9%3.0%-23.2%-31.2%-3.0%
Rev Chg 3Y Avg3.9%10.1%4.2%-7.2%-35.4%-3.9%
Rev Chg Q4.3%12.6%3.8%-21.2%-64.0%-3.8%
QoQ Delta Rev Chg LTM1.1%3.1%1.0%-6.6%-30.6%-1.0%
Op Mgn LTM54.9%19.9%23.9%22.9%-43.0%-22.9%
Op Mgn 3Y Avg56.7%20.0%27.5%32.6%-62.0%-27.5%
QoQ Delta Op Mgn LTM-1.4%0.3%-0.1%-4.2%-23.7%--1.4%
CFO/Rev LTM62.7%19.2%38.8%11.7%-23.6%-19.2%
CFO/Rev 3Y Avg63.9%19.6%38.2%33.2%-41.2%-33.2%
FCF/Rev LTM62.7%-17.8%31.6%1.0%-23.6%-1.0%
FCF/Rev 3Y Avg63.9%-9.2%31.0%21.9%-41.2%-21.9%

Valuation

EPRIRMLAMRLANDPWFRMIMedian
NameEPR Prop.Iron Mou.Lamar Ad.Gladston.Power RE.Fermi  
Mkt Cap4.024.913.40.30.0-4.0
P/S6.74.55.54.91.6-4.9
P/EBIT13.428.420.011.0-2.5-13.4
P/E22.1189.328.633.6-0.8-28.6
P/CFO10.623.714.241.6-7.0-14.2
Total Yield4.5%3.5%3.5%9.1%-117.8%-3.5%
Dividend Yield0.0%3.0%0.0%6.1%0.0%-0.0%
FCF Yield 3Y Avg11.4%-2.0%6.0%3.9%-41.8%-3.9%
D/E0.70.60.41.45.9-0.7
Net D/E0.70.60.41.45.3-0.7

Returns

EPRIRMLAMRLANDPWFRMIMedian
NameEPR Prop.Iron Mou.Lamar Ad.Gladston.Power RE.Fermi  
1M Rtn5.0%-18.7%10.6%1.1%29.2%-47.5%3.1%
3M Rtn-0.1%-5.4%6.0%4.1%-2.5%--0.1%
6M Rtn-2.9%-14.5%11.8%-3.1%-19.7%--3.1%
12M Rtn24.8%-27.6%5.5%-18.9%-35.9%--18.9%
3Y Rtn57.9%70.4%55.2%-49.1%-83.4%-55.2%
1M Excs Rtn5.1%-18.7%10.7%1.2%29.2%-47.5%3.1%
3M Excs Rtn-5.2%-12.1%-0.8%-1.7%2.5%--1.7%
6M Excs Rtn-17.6%-29.3%-2.9%-17.8%-34.4%--17.8%
12M Excs Rtn10.1%-43.2%-9.6%-32.3%-36.7%--32.3%
3Y Excs Rtn-8.9%3.3%-17.0%-120.0%-156.3%--17.0%

Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Experiential5,1905,1654,9955,1335,307
Education433474505530730
Corporate/Unallocated781203011,041540
Total5,7015,7595,8016,7046,578


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity4,257,974
Short Interest: % Change Since 10312025-8.8%
Average Daily Volume708,053
Days-to-Cover Short Interest6.01
Basic Shares Quantity76,127,000
Short % of Basic Shares5.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251030202510-Q 9/30/2025
6302025731202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021223202210-K 12/31/2021