| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 47 | 19.0x | 17.8x | Around median | |
Growth | 34 | 4.5% | 7.1% | Bottom tier | |
Quality | 61 | 7.6% | 4.5% | Around median | |
Safety | 40 | 5.6x | 2.6x | Bottom tier | |
Capital Return | 36 | 6.56% | 2.12% | Bottom tier | |
Momentum | 67 | 14.7% | 2.9% | Top tier | |
Sentiment | 44 | 4 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EPR Properties is a real estate company focused on assets tied to location-based experiences; the gross value of its portfolio investments reached $7.5 billion as of June 30, 2026, distributed across 346 properties that were 99% leased or operated. Core experiential categories accounted for 95% of portfolio value across 291 properties operated by 57 customers, while the education segment represented 5% across 55 properties leased to five operators. The company generates revenue primarily from rent, in addition to percentage rent, participating interest, operated properties, and financing investments.
In Q2 FY 2026, revenue reached $196.1 million versus $178.1 million in the corresponding period, up 10.1%, while net income was $67.2 million and earnings per share were $0.79; equivalent to a calculated net income margin of approximately 34.3%. Adjusted operating funds from operations FFOAA rose to $1.42 per share from $1.26, an increase of 12.7%, while AFFO rose to $1.43 from $1.24, an increase of 15.3%. During the twelve months ended in 2026, the company recorded revenue of $742.6 million and net income of $263.3 million.
Movie theaters now represent approximately one-third of the portfolio, down from 36% in the previous quarter, alongside the addition of assets in amusement parks, golf, hot springs, fitness and wellness, including Netflix House in King of Prussia and a portfolio of seven parks formerly operated by Six Flags. The portfolio maintained unit-level rent coverage of two times, while the AFFO payout ratio was approximately 65% in Q2 FY 2026. The company's model therefore combines rental cash flows from a highly occupied portfolio with expansion through the acquisition and development of experiential properties at high targeted initial yields.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $65.5, within a range of $61 to $70.5, against a neutral consensus; the average is only approximately 0.8% above the top of the 52-week range of $64.97. The spread in targets reflects differing assessments of the impact of the $600–$700 million investment plan, financing risks, and exposure to experiential real estate, while the provided data do not offer a valid comparable price-to-earnings ratio. Therefore, the valuation case is based primarily on expected FFOAA growth of 7.2% at the midpoint of FY 2026 guidance and on the target range, while the overall analyst view remains neutral.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue rose to $196.1 million from $178.1 million, or by 10.1%, driven by investment spending and rent and interest increases. FFOAA rose to $1.42 per share from $1.26, while AFFO increased to $1.43 from $1.24. Net income was $67.2 million and earnings per share were $0.79, with improved portfolio collections and fewer credit issues than originally assumed.
The company spent $440.8 million in Q2 FY 2026 at an average initial cash yield of approximately 8.5%, bringing first-half spending to $492.2 million. Investments included seven parks formerly operated by Six Flags and Netflix House in King of Prussia, in addition to assets in golf, hot springs, and attractions. Based on the strength of the transaction pipeline, management raised FY 2026 investment guidance to $600–$700 million.
Movie theaters represented approximately one-third of the portfolio as of June 30, 2026, down from 36% in the previous quarter, indicating progress in diversification without eliminating concentration. During the same period, ticket sales were approximately 10% above their 2025 level, with strength in food and beverage spending and improved percentage rent from Regal during June 2026. The sector remains important to rent coverage, but it is now complemented by additional assets in fitness and wellness, amusement parks, golf, and Netflix House.
Adjusted net debt to annualized EBITDAre was 5.1 times as of June 30, 2026, at the low end of the target range of 5–5.6 times, while interest and debt-service coverage was 4 times. The company had $16.2 million in cash and $640 million available under a $1 billion revolving facility, in addition to $69.5 million in net proceeds from unsettled forward equity sales. On July 17, 2026, it added a $1.6 billion credit agreement, but the $5 million increase in net interest expense remains a factor to monitor.
Management raised FY 2026 FFOAA guidance to $5.41–$5.57 per share from $5.37–$5.53, with the midpoint representing growth of 7.2% over FY 2025. The company expects an approximately similar increase in AFFO per share, while the AFFO payout ratio remained at 65% in Q2 FY 2026. Reaching different parts of the range depends on the timing and yields of acquisitions, percentage rent, the performance of operated properties, and general and administrative expenses.
