EPR Properties (EPR) Stock Analysis
Real Estate · REIT - Specialty · NYSE
EPR Properties (EPR) posted $718.36M in revenue for fiscal 2025 (up 2.9% year over year), at a 34.9% net margin, and has compounded revenue about 11.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on EPR Properties
EPR Properties has grown revenue from $493.24M to $718.36M over the last 10 fiscal years, compounding about 11.6% a year. The most recent year was up 2.9%, so growth has cooled from its longer-run pace.
Net margin sits at 34.9%, up 17.4 points year over year. It carries about $2.93B of total debt.
At today's valuation the market is pricing in roughly 5.4% annual free-cash-flow growth — versus the 58.9% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is heavy debt load.
Synthesised from EPR Properties's SEC filings — descriptive, not advice. Ask the analyst your own question →
EPR Properties revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $493.24M | $518.32M | $639.92M | $651.97M | $414.66M | $531.68M | $658.03M | $705.67M | $698.07M | $718.36M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $224.98M | $262.97M | $266.98M | $202.24M | $-131.73M | $98.61M | $152.09M | $148.90M | $121.92M | $250.79M |
| Net margin | 45.6% | 50.7% | 41.7% | 31.0% | -31.8% | 18.5% | 23.1% | 21.1% | 17.5% | 34.9% |
Source: EPR Properties SEC filings (10-K). 18 years of history available in the interactive view.
EPR Properties: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $2929.4M is 7.0× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into EPR stock?
At today's market cap of $4.55B, EPR Properties is priced for free-cash-flow growth of about 5.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $269.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 58.9%/yr over the last five fiscal years and revenue 11.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of EPR Properties financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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EPR Properties financial history by metric
Compare EPR Properties with peers
About EPR Properties
EPR Properties is the leading diversified experiential net lease real estate investment trust, specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately 5.5 billion US dollars (after accumulated depreciation of approximately 1.7 billion US dollars) across 43 states and Canada. 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. EPR Properties was established on August 22, 1997 and is based in Kansas City, United States.
EPR Properties — frequently asked questions
What is EPR Properties's revenue?
EPR Properties (EPR) reported revenue of $718.36M for fiscal year 2025, up 2.9% from the prior year, according to its SEC filings.
Is EPR Properties profitable?
Yes. EPR earned net income of $250.79M in fiscal 2025, a net margin of 34.9%.
What is EPR's P/E ratio?
EPR Properties trades at a price-to-earnings ratio of about 18.4 based on the latest data in our nightly-refreshed cache.
How fast is EPR Properties growing?
EPR's revenue grew at roughly 11.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does EPR Properties have?
As of fiscal year 2025, EPR carried roughly $2.93B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is EPR Properties's market cap?
EPR Properties (EPR) has a market capitalization of about $4.55B, based on the latest data in our nightly-refreshed cache.
When does EPR Properties's fiscal year end?
EPR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into EPR stock?
At today's market cap of $4.55B, EPR Properties is priced for free-cash-flow growth of about 5.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $269.20M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 58.9%/yr over the last five fiscal years and revenue 11.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from EPR Properties's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.