EPR Properties Common Stock (EPR)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

In my experience, a REIT like EPR is best judged by the cash its properties throw off and the safety of the dividend, not by reported EPS, because depreciation distorts those numbers. The data do not give me FFO or AFFO, the right REIT measures, so I lean on the dividend, leverage, revenue trend, and price-to-book. EPR describes itself as the leading diversified experiential net lease REIT, with $6.1B of total assets and only 54 employees. But I have no tenant or lease-term data here, so I cannot claim a wide moat. The revenue trend is modestly positive: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $196.1M and net income $67.2M, or $0.79 per diluted share; a year earlier in fiscal Q2 2025, revenue was $178.1M, net income $75.6M, and EPS $0.91. So sales rose while profit fell. Full-year fiscal 2025 revenue was $718.4M versus $698.1M in fiscal 2024, with net income rebounding to $274.9M from $146.1M, though fiscal 2023 net income was $173.0M. FairStock labels it a STALWART on four-year profit and revenue growth, but the quoted -11.21% profit growth gives me pause. At the 2026-10-13 close of $54.80, FairStock calculations show a 17.56 P/E, 1.82 price-to-book, 6.56% dividend yield, and 10.5% FCF yield. The dividend looks covered by $440.8M trailing FCF, and Piotroski is 7/9. But D/E of 1.52 and an Altman Z of 0.56 warn that leverage is meaningful. ROE is 11.32%, ROCE only 4.25%. With the shares below the 52-week high of $64.97 and above the low of $48.11, I would call the price fair, not a bargain, and I would want FFO/AFFO and lease coverage before getting excited.

In plain English: EPR Properties owns places where people go out for fun, such as entertainment and recreation venues, and leases them to tenants. The company brings in steady rent, pays a large dividend, and sales have been rising, but profit has bounced around and it uses a lot of borrowed money. At $54.80, the price looks fair rather than clearly cheap or expensive compared with its earnings, book value, and cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer