EPR Properties (EPR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of EPR Properties stock $63.34, price $59.51, upside +6.4%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $26.29 – $63.33 · fair‑value band $41.48 – $93.75 · the $59.51 price screens below the $63.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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EPR Properties is the leading diversified experiential net lease real estate investment trust, specializing in select enduring experiential properties in the real estate industry.
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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.
Stock analysis
EPR Properties (EPR) currently trades at $59.51, while our model-based Fair Value estimate is $63.34, so the stock looks roughly fairly valued today (gap 6.0%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $98.47 per share, and 9 of the 16 models we run sit above the $59.51 price.
Bear case: the Asset-Based group reads lowest at $20.09, and 7 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $41.48 (bear) to $93.75 (bull), the price of $59.51 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
EPR Properties reported revenue of $718M in FY2025 versus $513M in FY2021, a compound +8.8%/yr. Reported net income was $275M in FY2025, compounding +29.2%/yr from FY2021.
Key figures
Market cap $4.6B Mid · P/E ratio 19.1 · P/S ratio 6.20 · EPS (TTM) $3.12 · Dividend yield 6.0% · Net margin 35.6% · Return on equity 11.3% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at 6%, EPR screens cheaper than that median.
Fair Value models
Bear$41.48Fair Value $63.34Bull$93.75
Price $59.51 · Upside +6.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 6 officers or directors sold shares worth $2.0M and none bought.
SaleElizabeth GraceSVP - Human Resources & Admin4,200 shares at $60.57$254,394Aug 19, 202610b5-1 plan
SaleRobin Peppe SterneckDirector3,403 shares at $61.54$209,421Aug 6, 2026
SaleTonya L. MaterSVP & Chief Accounting Officer2× since Apr 14, 2026: 11,292 shares, avg. $59.55$672,414Aug 3, 202610b5-1 plan
SaleGwendolyn Mary JohnsonSVP - Asset Management3× since Jun 23, 2026: 4,000 shares, avg. $59.68$238,720Jul 17, 202610b5-1 plan
SalePaul Robert TurveySVP, General Counsel6,400 shares at $58.20$372,480Jun 23, 202610b5-1 plan
SaleMark Alan PetersonEVP & Chief Financial Officer3× since Apr 14, 2026: 26,121 shares, avg. $57.43$1.5MJun 10, 202610b5-1 plan
SaleBrian Andrew MoriartySVP - Corporate Communications5,000 shares at $56.44$282,200Mar 16, 2026
SaleLisa G TrimbergerDirector9,633 shares at $57.69$555,726Mar 10, 2026
SaleGregory E ZimmermanEVP & Chief Investment Officer3× since Dec 1, 2025: 22,500 shares, avg. $52.07$1.2MFeb 2, 202610b5-1 plan
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
Start year 2020 (pandemic). Over 10 years: +5.5% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.4%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
≈ +26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +20.2%
Dividend (yield on the price)6.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 16.6% / 0.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 53%
2025 sits 57% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.67 per share, median 3.57 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.1% a year for the price and +3.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (92 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: EPR Properties gains from recycling capital into attractions fitness wellness and golf assets yet shows thin evidence of a durable moat beyond standard leases amid high leverage.
Main risk: A weaker economy could pressure discretionary experiential tenants and reduce earnings resilience across the portfolio.
EPR Properties keeps recycling capital from theaters and education assets into attractions, fitness, wellness and golf properties. Theaters now make up roughly one third of the portfolio with a target near 20 percent. This shift could strengthen earnings resilience, yet a weaker economy might still pressure the remaining discretionary tenants. Will the new mix deliver steadier results than the risks it leaves behind?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Specialty · 29 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Below median
Fair Value upside+6.4% · Top 25%
Profitability
Return on equity (12 months)11.3% · Above median
Return on assets4.8% · Above median
Net margin (12 months)35.6% · Above median
Operating margin (12 months)54.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)10.6% · Top 25%
Dividend yield (12 months)6.0% · Above median
Balance sheet
Debt / equity1.26× · Highest 25%
Valuation Multiplesvs REIT - Specialty median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "EPR Properties Fair Value". https://www.fairvalue-calculator.com/stock/EPR
Frequently asked questions
Is EPR Properties (EPR) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $63.34 versus a price of $59.51, about +6% upside (fairly valued).
What is the fair value of EPR?
Our model-based fair value for EPR Properties is $63.34 (as of Nov 8, 2026), built from audited fundamentals. The current price: $59.51.
What is the quality score of EPR?
EPR Properties has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EPR Properties (EPR)?
Our model-based price target is the fair value of $63.34 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario $41.48, optimistic scenario $93.75. It is a calculation from audited fundamentals, not an analyst target.
What is the EPR Properties stock forecast for 2026?
Our models put fair value at $63.34, about +6% upside versus a price of $59.51 (fairly valued). Cautious scenario $41.48, optimistic scenario $93.75. The calculation is refreshed regularly with new filings.
What is the revenue of EPR Properties (EPR)?
EPR Properties reported trailing-twelve-month revenue of about $739M (latest available figure, as of Nov 8, 2026).
Does EPR Properties pay a dividend?
EPR Properties currently shows a dividend yield of 6.05% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of EPR Properties (EPR) and when is the ex-dividend date?
EPR Properties pays a dividend of $3.60 per share a year, a dividend yield of 6.0%. The last ex-dividend date was Oct 30, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 126% of earnings (on adjusted earnings, reported 115%). Free cash flow covers the dividend 1.53 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into EPR Properties (EPR)?
For today's price to be fair in a discounted-cash-flow model, EPR Properties would have to grow free cash flow by +13.8 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of EPR use?
Our models discount EPR Properties at 9.8 %: a base by market capitalisation (mid), damped by beta 1.03, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EPR Properties that is +13.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has EPR Properties (EPR) delivered so far?
Over the past 5 years revenue at EPR Properties grew +12.1 % a year. The price currently implies free-cash-flow growth of +13.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EPR Properties (EPR) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into EPR Properties (+13.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EPR Properties (EPR)?
The free-cash-flow yield on the price is 9.18 %: that much free cash flow EPR Properties produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EPR Properties (EPR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EPR Properties it is $63.34 per share (as of Nov 8, 2026), against a price of $59.51. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is EPR Properties stock overvalued or undervalued in 2026?
As of Nov 8, 2026, EPR trades below its calculated fair value: price $59.51, fair value $63.34, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EPR?
No. The price is what the market pays today ($59.51); the fair value is what the company's own numbers justify ($63.34). For EPR Properties the two are $3.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is EPR Properties worth?
The market values EPR Properties at about $4.6B (market capitalisation, as of Nov 8, 2026). Per share that is $59.51; our models calculate a fair value of $63.34 per share.
What do the bullish and bearish scenarios say about EPR?
Our models span a range for EPR Properties: cautious scenario $41.48, base $63.34, optimistic $93.75 per share (as of Nov 8, 2026, price $59.51). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EPR?
EPR Properties trades at a price-to-earnings ratio of 19.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $63.34 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 18.1 (reported for FY2025: 16.6). Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, 6 of the years ex one-offs: 17.1. Other multiples: PEG 2.9, P/B 2.0, P/S 6.2, EV/EBITDA 12.9.
What is the PEG ratio of EPR?
The PEG ratio of EPR Properties is 2.93 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of EPR Properties (EPR)?
Balance-sheet figures for EPR Properties (as of Nov 8, 2026): return on equity 11.3%, debt of 1.26 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is EPR from its 52-week high?
EPR Properties trades at $59.51, about 6% below its 52-week high of $63.33 and 28% above the low of $46.47 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $63.34 is for.
Which stocks are comparable to EPR Properties?
From the same area (Real Estate) we also value Equinix, Inc, American Tower Corporation, Digital Realty Trust, Inc, Crown Castle Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EPR Properties stock attractive at the current price?
The data as of Nov 8, 2026: price $59.51, calculated fair value $63.34 (+6%), Quality Score 57/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EPR calculated?
We run EPR Properties through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $63.34 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. EPR Properties currently trades 6% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EPR Properties (EPR)?
The closing price on Nov 6, 2026 was $59.51. Our model-based fair value is $63.34, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EPR Properties right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($41.48 to $93.75) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of EPR Properties (EPR) come from?
Earnings per share at EPR Properties grew −2.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.0 %, EBIT margin +0.8 %, tax rate +0.0 %, residual (interest, one-offs) −5.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of EPR Properties
How large is the market capitalisation of EPR Properties (EPR)?
The market capitalisation of EPR Properties is $4.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EPR Properties (EPR)?
The price-to-sales ratio of EPR Properties is 6.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EPR Properties (EPR)?
Earnings per share at EPR Properties are $3.12 (price ÷ EPS = P/E 19.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of EPR Properties (EPR)?
The dividend yield of EPR Properties is 6.0% (payout 126%, on adjusted earnings, reported 115%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of EPR Properties (EPR)?
The net margin of EPR Properties is 35.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EPR Properties (EPR)?
The return on equity (ROE) of EPR Properties is 11.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EPR Properties (EPR)?
On an EBIT basis the return on assets of EPR Properties is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EPR Properties (EPR)?
The operating margin of EPR Properties is 54.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EPR Properties (EPR)?
Revenue at EPR Properties is growing +10.6% versus a year earlier (3y avg +5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EPR Properties (EPR)?
Earnings per share at EPR Properties are growing −13.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EPR Properties (EPR) carry?
The net debt of EPR Properties is $3.0B (fiscal year 2025, ≈ 7.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026