EPR
EPR Properties
EPR's fundamentals are strong: its operating margin rose 9 points to 59% and earnings per share grew 55%. At 17x earnings, it's trading below its usual 22x. Analysts expect earnings to hold roughly steady.
EPR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
EPR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like EPR.
EPR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $58.89 | — |
| Cheap | 18x | $65.17 | +11% |
| Forward | 19x | $58.89 | — |
| Fair | 22x | $76.64 | +30% |
| Expensive | 33x | $118 | +100% |
Historical ranges are pointers, not guarantees.
EPR's PE is in its cheap range at 17x. On analysts' estimates for next year's earnings, today's price would be 19x.
EPR Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect EPR's revenue to grow, but its profitability to weaken.
EPR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.03 | -15% |
| Q3 2026 | $3.55 | +55% |
| Q2 2026 | $3.12 | +54% |
| Q1 2026 | $3.24 | +99% |
| Q4 2025 | $3.28 | +105% |
| Q3 2025 | $2.29 | -0.9% |
| Q2 2025 | $2.03 | -17% |
| Q1 2025 | $1.63 | -20% |
| Q4 2024 | $1.60 | -19% |
EPR earned $3.55 per share over the past year, up 55% from the year before.
EPR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $204.1M | +12% |
| Q2 2026 | $196.1M | +10% |
| Q1 2026 | $181.3M | +3.6% |
| Q4 2025 | $183M | +3.2% |
| Q3 2025 | $182.3M | +1% |
| Q2 2025 | $178.1M | +2.9% |
| Q1 2025 | $175M | +4.7% |
| Q4 2024 | $177.2M | +3.1% |
EPR's revenue has grown year over year for eight quarters in a row: $204M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 68% | +15 points |
| Q2 2026 | 55% | -7.9 points |
| Q1 2026 | 56% | -2.5 points |
| Q4 2025 | 57% | +31 points |
| Q3 2025 | 54% | +2.2 points |
| Q2 2025 | 62% | +17 points |
| Q1 2025 | 58% | -0.8 points |
| Q4 2024 | 26% | -22 points |
EPR's operating margin was 68% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
EPR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64.5M | -51% |
| Q2 2026 | -$328.8M | -499% |
| Q1 2026 | $76.9M | -9.2% |
| Q4 2025 | -$30.1M | -134% |
| Q3 2025 | $132.1M | +8.7% |
| Q2 2025 | $82.4M | +16% |
| Q1 2025 | $84.7M | +30% |
| Q4 2024 | $89.6M | +40% |
EPR's free cash flow was −$217M over the past year, against $389M the year before. Free cash flow isn't a meaningful measure for real estate companies like EPR.
EPR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +222K shares |
| 1 year | +0.7% | +571K shares |
| 3 years | +1.9% | +1.4M shares |
| 5 years | +3.1% | +2.3M shares |
| Available history | +0.6% | +457K shares |
EPR has 77M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1,000 |
| Q2 2026 | — |
| Q1 2026 | $13.1M |
| Q4 2025 | $22,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $9.8M |
| Q4 2024 | — |
EPR spent $13M buying back its own shares over the past year, up 34% from the year before.
EPR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.2x | High |
| Q2 2026 | 5.6x | High |
| Q1 2026 | 4.9x | High |
| Q4 2025 | 4.9x | High |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 5.4x | High |
| Q1 2025 | 5.7x | High |
| Q4 2024 | 5.9x | High |
EPR's net debt is about 5.2 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like EPR.
EPR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.2 | Neutral |
| Stochastic | 53.2 | Neutral |
EPR's weekly RSI is 53 (neutral) and its Stochastic is 53 (neutral).
EPR PE vs Real Estate Sector
| Metric | EPR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 24x | 31% below |
| PE % | 7 | 23 | 16 pts below |
EPR is trading at 17x earnings, a 31% discount to the Real Estate sector's median of 24x.
EPR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.0 | 3.4% above |
| 20 week MA | $59.1 | 0.3% below |
| 50 week MA | $56.7 | 3.9% above |
| 100 week MA | $54.5 | 8.1% above |
| 200 week MA | $49.0 | 20% above |
EPR's trend is mixed: it's above four of its five weekly moving averages, and 20% above its 200-week average.
EPR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $70.3 | $32.2 | -54% |
| 2021 | $32.2 | $46.5 | +44% |
| 2022 | $46.5 | $38.3 | -18% |
| 2023 | $38.3 | $48.5 | +26% |
| 2024 | $48.5 | $43.9 | -9.4% |
| 2025 | $43.9 | $50.1 | +14% |
| 2026 YTD | $50.1 | $58.9 | +18% |
EPR has finished lower in three of the last six years. It's up 18% so far in 2026.