EPR Properties (EPR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.76	$0.8	+5.3%	—	$184.3M	—
Q4 25	$0.72	$0.81	+12.5%	—	$173.3M	—
Q3 25	$0.8	$0.93	+16.3%	—	$170.2M	—
Q2 25	$0.69	$0.91	+31.9%	—	$165.8M	—
Q1 25	$0.62	$0.78	+25.8%	—	$163.4M	—
Q4 24	$0.64	$0.68	+6.3%	—	$164M	—
Q3 24	$0.69	$0.69	0.0%	—	$163.1M	—
Q2 24	$0.64	$0.52	-18.8%	—	$158.7M	—
Q1 24	$0.61	$0.81	+32.8%	—	$155.2M	—
Q4 23	$0.61	$0.58	-4.9%	—	$159.9M	—
Q3 23	$0.8	$0.66	-17.5%	—	$175M	—
Q2 23	$0.65	$0.69	+6.2%	—	$162.8M	—
Q1 23	$0.62	$0.69	+11.3%	—	$162.1M	—
Q4 22	$0.59	$0.48	-18.6%	—	$161.9M	—
Q3 22	$0.55	$0.6	+9.1%	—	$150.1M	—
Q2 22	$0.53	$0.46	-13.2%	—	$150.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.3	—	—	$672.8M	—
FY24	—	$1.61	—	—	$641M	—
FY23	—	$1.98	—	—	$659.7M	—
FY22	—	$2.03	—	—	$610.6M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$484.2M	$515.2M	$637.8M	$626M	$405.5M	$512.9M	$610.6M	$659.7M	$641M	$672.8M
YoY change	+16%	+6.41%	+23.8%	-1.85%	-35.2%	+26.5%	+19.1%	+8.04%	-2.84%	+4.96%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	484.2M	515.2M	637.8M	626M	405.5M	512.9M	610.6M	659.7M	641M	672.8M
Cost of revenue	22.6M	31.3M	29.7M	60.7M	58.6M	56.7M	56M	57.5M	59.1M	59.2M
Gross profit	461.6M	483.9M	608.2M	565.3M	346.9M	456.1M	554.7M	602.2M	581.9M	613.6M
Gross margin	95.3%	93.9%	95.4%	90.3%	85.6%	88.9%	90.8%	91.3%	90.8%	91.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	37.5M	43.4M	48.9M	46.4M	42.6M	44.4M	51.6M	56.4M	50.1M	55.8M
Operating expenses	28.5M	40.5M	47.3M	50.1M	49.9M	47.3M	38M	55.3M	49.9M	56M
Operating income	325.5M	322M	422.5M	356.4M	96M	267M	342.2M	378.1M	354M	380M
Operating margin	67.2%	62.5%	66.2%	56.9%	23.7%	52.1%	56%	57.3%	55.2%	56.5%
Non-operating income, net	-1.9M	40.6M	-30.5M	-24.6M	-51.6M	6.7M	-33.5M	-78.4M	-75.3M	30.5M
Pretax income	225.5M	227.6M	224.2M	151.5M	-115M	100.2M	177.5M	174.8M	147.5M	277.4M
Income tax	553K	2.4M	2.3M	-3M	16.8M	1.6M	1.2M	1.7M	1.4M	2.5M
Net income	225M	263M	267M	202.2M	-131.7M	98.6M	176.2M	173M	146.1M	274.9M
Net margin	46.5%	51%	41.9%	32.3%	-32.5%	19.2%	28.9%	26.2%	22.8%	40.9%
EBITDA	428.2M	447.4M	538M	485.1M	256.3M	392.8M	497.5M	536.5M	504.2M	537.9M
EPS	3.17	3.29	3.27	2.32	-2.05	1	2.03	1.98	1.61	3.3
Diluted EPS	3.17	3.29	3.27	2.32	-2.05	1	2.03	1.97	1.6	3.28

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	175M	159.9M	155.2M	158.7M	163.1M	164M	163.4M	165.8M	170.2M	173.3M	171.2M	184.3M
Cost of revenue	14.6M	14.8M	14.9M	14.4M	14.6M	15.2M	15.2M	14.7M	14.5M	14.9M	15.4M	15.4M
Gross profit	160.4M	145.2M	140.3M	144.3M	148.5M	148.8M	148.2M	151.2M	155.7M	158.5M	155.8M	168.9M
Gross margin	91.7%	90.8%	90.4%	90.9%	91%	90.7%	90.7%	91.2%	91.5%	91.4%	91%	91.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	13.5M	13.8M	13.9M	12M	11.9M	12.2M	14M	13.2M	14M	14.6M	14.2M	14M
Operating expenses	12.2M	15.2M	14.8M	12.4M	10.1M	12.5M	15M	13M	13M	15M	15.2M	13.3M
Operating income	106.5M	87.9M	82.2M	89.9M	96.3M	85.5M	92.8M	95.1M	91.1M	100.9M	101.3M	106.9M
Operating margin	60.9%	55%	53%	56.7%	59.1%	52.1%	56.8%	57.4%	53.6%	58.2%	59.2%	58%
Non-operating income, net	-18.7M	-11.4M	12.5M	-11.5M	-16.6M	-59.8M	6.2M	14.4M	9.4M	529K	-3.3M	-847K
Pretax income	56.6M	46.2M	63.1M	45.7M	46.5M	-7.7M	65.9M	76.3M	67.3M	67.9M	63.2M	67.8M
Income tax	372K	667K	347K	557K	-124K	653K	136K	681K	725K	954K	614K	617K
Net income	56.3M	45.5M	62.7M	45.1M	46.6M	-8.4M	65.8M	75.6M	66.6M	66.9M	62.6M	67.2M
Net margin	32.2%	28.5%	40.4%	28.4%	28.6%	-5.12%	40.3%	45.6%	39.1%	38.6%	36.6%	36.4%
EBITDA	149.5M	121.2M	119.1M	130.5M	137.9M	116.7M	131.2M	135.5M	136.5M	134.6M	143.6M	154.6M
EPS	0.67	0.52	0.75	0.52	0.54	-0.19	0.79	0.91	0.8	0.8	0.74	0.8
Diluted EPS	0.66	0.52	0.75	0.51	0.53	-0.19	0.78	0.91	0.79	0.79	0.74	0.79

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.5B	—	4.8B	5.4B	2.5B	3.6B	2.8B	3.6B	3.3B	3.8B	4.4B
Enterprise value	7B	—	7.7B	8.2B	5.3B	6.3B	5.8B	6.6B	6.4B	6.8B	7.9B
Shares outstanding	63.4M	71.2M	74.3M	76.7M	76M	74.8M	75M	75.3M	75.6M	76M	76M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.2	—	17.8	26.8	—	36	16	21.1	22.9	13.8	18.2
P/S	9.39	—	7.46	8.66	6.09	6.92	4.63	5.53	5.22	5.64	5.87
P/B	2.08	—	1.66	1.8	0.94	1.36	1.12	1.49	1.44	1.63	1.88
EV/EBITDA	16.4	—	14.4	17	20.8	16	11.6	12.3	12.7	12.7	13.7
EV/Sales	14.5	—	12.1	13.1	13.2	12.3	9.45	10	9.98	10.2	10.6
Earnings yield	4.95%	—	5.61%	3.73%	—	2.78%	6.23%	4.75%	4.36%	7.25%	5.51%
FCF yield	6.71%	—	10.2%	8.11%	2.64%	8.65%	15.6%	12.3%	11.7%	11.1%	7.74%
PEG	—	—	—	—	—	—	—	—	—	—	-1.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	95.3%	93.9%	95.4%	90.3%	85.6%	88.9%	90.8%	91.3%	90.8%	91.2%	91.7%
Operating margin	67.2%	62.5%	66.2%	56.9%	23.7%	52.1%	56%	57.3%	55.2%	56.5%	54.3%
Net margin	46.5%	51%	41.9%	32.3%	-32.5%	19.2%	28.9%	26.2%	22.8%	40.9%	35.6%
ROE	10.3%	8.98%	9.32%	6.73%	-5.01%	3.77%	6.95%	7.05%	6.29%	11.8%	11.3%
ROA	4.62%	4.25%	4.35%	3.07%	-1.96%	1.7%	3.06%	3.04%	2.6%	4.82%	4.25%
ROIC	6.98%	5.39%	7.16%	6.13%	1.74%	4.91%	6.2%	6.91%	6.52%	7.01%	6.8%
Return on tangible assets	4.65%	4.29%	4.42%	3.12%	-1.99%	1.72%	3.1%	3.05%	2.62%	4.85%	4.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.27	5.11	2.45	4.4	8.69	4.82	3.84	3.64	3.76	3.87	1.67
Quick ratio	4.27	5.11	2.45	4.4	8.69	4.82	3.84	3.64	3.76	3.87	3.65
Debt / equity	1.14	1.03	1.04	1.11	1.48	1.15	1.2	1.24	1.32	1.35	1.52
Debt / assets	0.51	0.49	0.49	0.51	0.58	0.52	0.53	0.53	0.55	0.55	0.58
Net debt / EBITDA	5.76	6.68	5.54	5.79	11.2	6.96	5.92	5.53	6.05	5.66	6.16
Interest coverage	3.44	2.79	2.72	2.1	0.25	1.71	2.43	2.43	2.19	3.21	3.01
Effective tax rate	0.25%	1.05%	1.02%	0%	0%	1.59%	0.7%	0.99%	0.97%	0.9%	1.09%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	7.64	7.24	8.59	8.16	5.34	6.86	8.15	8.77	8.47	8.85	9.69
EPS (basic)	3.17	3.29	3.27	2.32	-2.05	1	2.03	1.98	1.61	3.3	3.3
EPS (diluted)	3.17	3.29	3.27	2.32	-2.05	1	2.03	1.97	1.6	3.28	3.12
Book value per share	34.5	41.1	38.6	39.2	34.6	35	33.8	32.6	30.7	30.6	30.2
FCF per share	4.82	5.59	6.52	5.73	0.86	4.11	5.89	5.94	5.2	5.54	5.72
Cash per share	0.31	0.59	0.08	6.89	13.5	3.86	1.44	1.04	0.29	1.19	0.21
Capex per share	0.69	0	0	—	—	—	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	8.98%	0%	0%	—	—	—	—	—	—	—	—
Capex / operating cash flow	14.8%	0%	0%	—	—	—	—	—	—	—	—
Payout ratio	118.1%	118.5%	128.2%	181.6%	-130.9%	119.2%	150.7%	157.3%	191.6%	105.7%	115.4%
Dividend yield	5.84%	—	7.2%	6.78%	6.98%	3.31%	9.39%	7.47%	8.36%	7.66%	6.53%

Yield

6.53%

trailing twelve months

Frequency

Monthly

Last dividend

$0.31

ex-dividend Aug 31, 2026

Payout ratio

115%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.31
Jul 31, 2026	$0.31
Jun 30, 2026	$0.31

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$175M	$159.9M	$155.2M	$158.7M	$163.1M	$164M	$163.4M	$165.8M	$170.2M	$173.3M	$171.2M	$184.3M
YoY change	+16.6%	-1.26%	-4.24%	-2.52%	-6.79%	+2.58%	+5.28%	+4.52%	+4.34%	+5.68%	+4.76%	+11.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	19.3M	41.9M	5.9M	528.8M	1B	288.8M	107.9M	78.1M	22.1M	90.6M
Receivables	75.2M	82.5M	85.5M	84.8M	115.7M	78.1M	53.6M	63.7M	84.6M	97.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	826.2M	1.2B	688.1M	1B	1.5B	770.3M	657.8M	741M	828.9M	915.7M
Property, plant & equipment	—	—	—	211.2M	163.8M	180.8M	201M	186.6M	173.4M	170.8M
Goodwill & intangibles	29.6M	57.7M	85M	89.4M	83.3M	75.6M	73.2M	34.7M	32.4M	31.7M
Total assets	4.9B	6.2B	6.1B	6.6B	6.7B	5.8B	5.8B	5.7B	5.6B	5.7B
Accounts payable	119.8M	136.9M	168.5M	122.9M	105.4M	73.5M	80.1M	94.9M	108M	99.4M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	193.5M	235.3M	280.3M	233.2M	176.9M	160M	171.5M	203.7M	220.4M	236.4M
Long-term debt	2.5B	3B	3B	3.3B	3.9B	3B	3.1B	3B	3.1B	3.1B
Total liabilities	2.7B	3.3B	3.3B	3.6B	4.1B	3.2B	3.2B	3.2B	3.3B	3.4B
Shareholders' equity	2.2B	2.9B	2.9B	3B	2.6B	2.6B	2.5B	2.5B	2.3B	2.3B
Total debt	2.5B	3B	3B	3.3B	3.9B	3B	3.1B	3B	3.1B	3.1B
Net debt	2.5B	3B	3B	2.8B	2.9B	2.7B	2.9B	3B	3.1B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	173M	78.1M	59.5M	33.7M	35.3M	22.1M	20.6M	13M	13.7M	90.6M	68.5M	16.2M
Receivables	54.8M	63.7M	69.4M	75.5M	79.7M	84.6M	85.8M	94.5M	92.3M	97.9M	101.2M	111.4M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	748M	741M	744.6M	741.4M	816.8M	828.9M	815M	833.8M	860.7M	915.7M	835.7M	794M
Property, plant & equipment	190.3M	186.6M	183M	179.3M	175.5M	173.4M	180.6M	177.9M	168.7M	170.8M	166.6M	199.2M
Goodwill & intangibles	68.5M	34.7M	68.3M	67.1M	66M	32.4M	33.3M	32.8M	32.2M	31.7M	37.6M	66.1M
Total assets	5.7B	5.7B	5.7B	5.6B	5.7B	5.6B	5.5B	5.6B	5.5B	5.7B	5.7B	6.1B
Accounts payable	82.8M	94.9M	84.2M	63.4M	99.3M	108M	93.2M	101.5M	113.5M	99.4M	100.7M	78.8M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	200.2M	203.7M	204.9M	182.5M	217.7M	220.4M	200.3M	220.4M	243.5M	236.4M	235.1M	217.8M
Long-term debt	3B	3B	3B	3B	3.1B	3.1B	3B	3B	3B	3.1B	3.1B	3.5B
Total liabilities	3.2B	3.2B	3.2B	3.2B	3.3B	3.3B	3.2B	3.2B	3.2B	3.4B	3.4B	3.7B
Shareholders' equity	2.5B	2.5B	2.4B	2.4B	2.4B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B
Total debt	3B	3B	3B	3B	3.1B	3.1B	3B	3B	3B	3.1B	3.1B	3.5B
Net debt	2.9B	3B	3B	3B	3B	3.1B	3B	3B	3B	3B	3.1B	3.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	225M	263M	267M	202.2M	-131.7M	98.6M	176.2M	173M	146.1M	274.9M
Depreciation & amortization	107.8M	132.8M	152.8M	171.4M	169.9M	163.4M	163.3M	167.5M	165.4M	168.8M
Stock-based compensation	11.2M	14.1M	18.3M	13.8M	15.1M	14.9M	16.7M	17.8M	15.7M	17.5M
Change in working capital	-48.8M	12.5M	-16.5M	-4M	-68.5M	38.7M	22.7M	-6.6M	-38.5M	-15.4M
Operating cash flow	293.5M	430.4M	460M	423.9M	7.4M	347.6M	386.5M	360.1M	296.3M	421M
Capital expenditure	43.5M	0	0	—	—	—	—	—	—	—
Investing cash flow	-247.1M	-247.3M	299.5M	361M	-14.6M	-8.4M	-119M	-106.4M	-102.8M	-22.2M
Dividends paid	-265.7M	-311.7M	-342.3M	-367.3M	-172.5M	-117.5M	-265.7M	-272.2M	-279.9M	-290.7M
Share repurchases	-4.2M	-131.8M	-7.2M	-9.7M	-113.4M	-2.8M	-4.3M	-3.7M	-11.4M	-9.9M
Financing cash flow	372.6M	333.5M	-427.5M	-22.5M	297.2M	-1B	-269.4M	-275.7M	-261.6M	-236.7M
Net change in cash	419M	516.6M	332M	762.4M	290M	-707.5M	-1.9M	-21.9M	-68.2M	162.1M
Free cash flow	305.4M	398.3M	484.3M	439.5M	65.3M	306.9M	441.7M	447.1M	393.1M	421M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	56.3M	45.5M	62.7M	45.1M	46.6M	-8.4M	65.8M	75.6M	66.6M	66.9M	62.6M	67.2M
Depreciation & amortization	—	—	—	—	—	—	—	—	42.3M	43.5M	44.9M	48.6M
Stock-based compensation	—	—	—	—	—	—	—	—	4.8M	5M	5.1M	4.3M
Change in working capital	—	—	—	—	—	—	—	—	6.7M	-779K	-15.1M	-13.2M
Operating cash flow	56.3M	45.5M	62.7M	45.1M	46.6M	-8.4M	65.8M	75.6M	136.5M	97.8M	113.4M	93.2M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	-38.6M	16.4M	-1.2M	-2.2M
Dividends paid	—	—	—	—	—	—	—	—	-73.3M	-73.3M	-73.5M	-77.1M
Share repurchases	—	—	—	—	—	—	—	—	0	-22K	-13.1M	0
Financing cash flow	—	—	—	—	—	—	—	—	-99.1M	86.2M	-86.5M	282.8M
Net change in cash	56.3M	45.5M	62.7M	45.1M	46.6M	-8.4M	65.8M	75.6M	-1.1M	200.5M	25.7M	373.8M
Free cash flow	—	—	—	—	—	—	—	—	136.5M	97.8M	113.4M	93.2M

EPR Properties Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement