What is EPR Properties's earnings per share (EPS)?

EPR Properties (EPR) reported diluted earnings per share of $3.28 for fiscal year 2025. This represents a 105.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

EPR Properties Financials

EPR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows EPR Properties (EPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 70/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

EPR Properties has an operating margin of 57.7%, meaning the company retains $58 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 45.2% the prior year.

Growth

EPR Properties's revenue grew a modest 2.9% year-over-year to $718.4M. This slow but positive growth earns a score of 38/100.

Leverage

EPR Properties carries a low D/E ratio of 1.26, meaning only $1.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

100

EPR Properties converts 37.5% of revenue into free cash flow ($269.2M). This strong cash generation earns a score of 100/100.

Returns

EPR Properties's ROE of 11.8% shows moderate profitability relative to equity, earning a score of 37/100. This is up from 6.3% the prior year.

Piotroski F-Score Neutral

5/9

EPR Properties passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.53x

For every $1 of reported earnings, EPR Properties generates $1.53 in operating cash flow ($421.0M OCF vs $274.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.1x

EPR Properties earns $3.1 in operating income for every $1 of interest expense ($414.3M vs $133.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$718.4M

YoY+2.9%

5Y CAGR+11.6%

10Y CAGR+5.5%

EPR Properties generated $718.4M in revenue in fiscal year 2025. This represents an increase of 2.9% from the prior year.

EBITDA

$583.5M

YoY+21.2%

5Y CAGR+21.3%

EPR Properties's EBITDA was $583.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.2% from the prior year.

Net Income

$274.9M

YoY+88.2%

10Y CAGR+3.5%

EPR Properties reported $274.9M in net income in fiscal year 2025. This represents an increase of 88.2% from the prior year.

EPS (Diluted)

$3.28

YoY+105.0%

10Y CAGR+1.1%

EPR Properties earned $3.28 per diluted share (EPS) in fiscal year 2025. This represents an increase of 105.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$269.2M

YoY+108.3%

5Y CAGR+58.9%

10Y CAGR+10.6%

EPR Properties generated $269.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 108.3% from the prior year.

Cash & Debt

$90.6M

YoY+310.6%

5Y CAGR-38.5%

10Y CAGR+35.7%

EPR Properties held $90.6M in cash against $2.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.52

YoY+3.5%

5Y CAGR+18.4%

EPR Properties paid $3.52 per share in dividends in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

57.7%

YoY+12.4pp

5Y CAGR+45.1pp

EPR Properties's operating margin was 57.7% in fiscal year 2025, reflecting core business profitability. This is up 12.4 percentage points from the prior year.

Net Margin

38.3%

YoY+17.3pp

5Y CAGR+70.0pp

10Y CAGR-7.9pp

EPR Properties's net profit margin was 38.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.3 percentage points from the prior year.

Return on Equity

11.8%

YoY+5.5pp

5Y CAGR+16.8pp

10Y CAGR+2.4pp

EPR Properties's ROE was 11.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$9.9M

YoY-13.4%

5Y CAGR+5.9%

10Y CAGR+1.8%

EPR Properties spent $9.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 13.4% from the prior year.

Capital Expenditures

$151.7M

YoY-42.5%

5Y CAGR+31.4%

10Y CAGR-1.7%

EPR Properties invested $151.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 42.5% from the prior year.

EPR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$718.4M+2.9%	$698.1M-1.1%	$705.7M+7.2%	$658.0M+23.8%	$531.7M+28.2%	$414.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$55.8M+11.4%	$50.1M-11.2%	$56.4M+9.4%	$51.6M+16.3%	$44.4M+4.1%	$42.6M
Operating Income	$414.3M+31.2%	$315.7M+3.0%	$306.4M-1.5%	$311.0M+11.5%	$278.8M+434.8%	$52.1M
Interest Expense	$133.1M+1.7%	$130.8M+4.8%	$124.9M-4.8%	$131.2M-11.4%	$148.1M-6.1%	$157.7M
Income Tax	$2.5M+74.2%	$1.4M-17.0%	$1.7M+39.7%	$1.2M-22.6%	$1.6M-90.5%	$16.8M
Net Income	$274.9M+88.2%	$146.1M-15.6%	$173.0M-1.8%	$176.2M+78.7%	$98.6M+174.9%	-$131.7M
EPS (Diluted)	$3.28+105.0%	$1.60-18.8%	$1.97-3.0%	$2.03+103.0%	$1.00+148.8%	$-2.05

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$182.9M+0.4%	$182.3M+2.4%	$178.1M+1.7%	$175.0M-1.2%	$177.2M-1.8%	$180.5M+4.3%	$173.1M+3.5%	$167.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$14.6M+4.1%	$14.0M+5.8%	$13.2M-5.7%	$14.0M+14.6%	$12.2M+2.5%	$11.9M-0.7%	$12.0M-13.6%	$13.9M
Operating Income	$103.8M+6.4%	$97.6M-12.3%	$111.3M+9.5%	$101.6M+124.6%	$45.2M-51.2%	$92.7M+16.8%	$79.4M-19.3%	$98.3M
Interest Expense	$33.6M+1.0%	$33.2M0.0%	$33.2M+0.7%	$33.0M-1.3%	$33.5M+1.8%	$32.9M+0.1%	$32.8M+3.7%	$31.7M
Income Tax	$954K+31.6%	$725K+6.5%	$681K+400.7%	$136K-79.2%	$653K+626.6%	-$124K-122.3%	$557K+60.5%	$347K
Net Income	$66.9M+0.5%	$66.6M-12.0%	$75.6M+15.0%	$65.8M+883.8%	-$8.4M-118.0%	$46.6M+3.4%	$45.1M-28.1%	$62.7M
EPS (Diluted)	N/A	$0.79-13.2%	$0.91+16.7%	$0.78	N/A	$0.53+3.9%	$0.51-32.0%	$0.75

EPR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.7B+1.5%	$5.6B-1.5%	$5.7B-1.0%	$5.8B-0.7%	$5.8B-13.5%	$6.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$90.6M+310.6%	$22.1M-71.7%	$78.1M-27.7%	$107.9M-62.6%	$288.8M-71.8%	$1.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$97.9M+15.7%	$84.6M+32.9%	$63.7M+18.8%	$53.6M-31.4%	$78.1M-32.8%	$116.2M
Goodwill	$693K0.0%	$693K0.0%	$693K0.0%	$693K0.0%	$693K0.0%	$693K
Total Liabilities	$3.4B+2.3%	$3.3B+1.4%	$3.2B+0.7%	$3.2B+1.3%	$3.2B-21.9%	$4.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.9B+2.4%	$2.9B+1.6%	$2.8B+0.2%	$2.8B+0.2%	$2.8B-24.1%	$3.7B
Total Equity	$2.3B+0.3%	$2.3B-5.3%	$2.5B-3.2%	$2.5B-3.1%	$2.6B-0.5%	$2.6B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$5.7B+2.8%	$5.5B-0.3%	$5.6B+0.5%	$5.5B-1.5%	$5.6B-1.3%	$5.7B+0.8%	$5.6B-0.9%	$5.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$90.6M+560.7%	$13.7M+5.8%	$13.0M-37.0%	$20.6M-6.8%	$22.1M-37.6%	$35.3M+4.7%	$33.7M-43.3%	$59.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$97.9M+6.0%	$92.3M-2.4%	$94.5M+10.1%	$85.8M+1.4%	$84.6M+6.1%	$79.7M+5.6%	$75.5M+8.8%	$69.4M
Goodwill	$693K	N/A	N/A	N/A	$693K	N/A	N/A	N/A
Total Liabilities	$3.4B+4.8%	$3.2B-0.5%	$3.2B+0.6%	$3.2B-2.5%	$3.3B+0.2%	$3.3B+2.0%	$3.2B-0.8%	$3.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.9B+5.8%	$2.8B-0.9%	$2.8B0.0%	$2.8B-2.4%	$2.9B+0.3%	$2.9B+1.2%	$2.8B0.0%	$2.8B
Total Equity	$2.3B0.0%	$2.3B-0.1%	$2.3B+0.4%	$2.3B-0.1%	$2.3B-3.3%	$2.4B-0.9%	$2.4B-1.0%	$2.4B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EPR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$421.0M+7.1%	$393.1M-12.1%	$447.1M+1.2%	$441.7M+43.9%	$306.9M+370.2%	$65.3M
Capital Expenditures	$151.7M-42.5%	$263.9M-2.0%	$269.4M-33.1%	$402.5M+611.7%	$56.6M+46.1%	$38.7M
Free Cash Flow	$269.2M+108.3%	$129.2M-27.3%	$177.7M+353.3%	$39.2M-84.3%	$250.4M+842.7%	$26.6M
Investing Cash Flow	-$121.7M+31.0%	-$176.4M+12.3%	-$201.0M+42.8%	-$351.6M-18982.1%	$1.9M-98.6%	$134.0M
Financing Cash Flow	-$236.7M+9.5%	-$261.6M+5.1%	-$275.7M-2.3%	-$269.4M+74.3%	-$1.0B-452.2%	$297.2M
Dividends Paid	$290.7M+3.9%	$279.9M+2.8%	$272.2M+2.5%	$265.7M+126.0%	$117.5M-31.9%	$172.5M
Share Buybacks	$9.9M-13.4%	$11.4M+207.8%	$3.7M-13.2%	$4.3M+54.1%	$2.8M-62.6%	$7.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$97.8M-28.4%	$136.5M+56.3%	$87.3M-12.1%	$99.4M+6.9%	$92.9M-23.8%	$122.0M+55.1%	$78.7M-21.0%	$99.5M
Capital Expenditures	$127.8M+2823.3%	$4.4M-10.3%	$4.9M-66.8%	$14.7M-93.4%	$221.5M+43423.0%	$509K-93.1%	$7.3M-78.7%	$34.5M
Free Cash Flow	-$30.1M-122.7%	$132.1M+60.2%	$82.4M-2.7%	$84.7M+165.9%	-$128.6M-205.8%	$121.5M+70.4%	$71.3M+9.7%	$65.0M
Investing Cash Flow	-$115.2M-217.0%	-$36.3M-188.9%	-$12.6M-129.7%	$42.4M+238.1%	-$30.7M+58.0%	-$73.2M-115.6%	-$33.9M+12.0%	-$38.6M
Financing Cash Flow	$86.2M+187.1%	-$99.1M-34.9%	-$73.4M+51.2%	-$150.5M-133.4%	-$64.5M-36.3%	-$47.3M+32.8%	-$70.4M+11.5%	-$79.5M
Dividends Paid	$73.3M+8.8%	$67.4M+0.1%	$67.3M-4.9%	$70.8M+0.2%	$70.7M+9.2%	$64.7M+0.6%	$64.3M-5.7%	$68.2M
Share Buybacks	$22K	$0	$0-100.0%	$9.8M	$0	$0	$0-100.0%	$11.4M

EPR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	57.7%+12.4pp	45.2%+1.8pp	43.4%-3.8pp	47.3%-5.2pp	52.4%+39.9pp	12.6%
Net Margin	38.3%+17.3pp	20.9%-3.6pp	24.5%-2.3pp	26.8%+8.2pp	18.6%+50.3pp	-31.8%
Return on Equity	11.8%+5.5pp	6.3%-0.8pp	7.0%+0.1pp	7.0%+3.2pp	3.8%+8.8pp	-5.0%
Return on Assets	4.8%+2.2pp	2.6%-0.4pp	3.0%-0.0pp	3.1%+1.4pp	1.7%+3.7pp	-2.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.26+0.0	1.23+0.1	1.15+0.0	1.11+0.0	1.07-0.3	1.40
FCF Margin	37.5%+19.0pp	18.5%-6.7pp	25.2%+19.2pp	6.0%-41.1pp	47.1%+40.7pp	6.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	56.8%+3.2pp	53.5%-8.9pp	62.5%+4.4pp	58.1%+32.5pp	25.5%-25.8pp	51.4%+5.5pp	45.9%-12.9pp	58.8%
Net Margin	36.6%+0.1pp	36.5%-6.0pp	42.5%+4.9pp	37.6%+42.3pp	-4.7%-30.6pp	25.8%-0.2pp	26.1%-11.4pp	37.5%
Return on Equity	2.9%0.0pp	2.9%-0.4pp	3.2%+0.4pp	2.8%+3.2pp	-0.4%-2.3pp	1.9%+0.1pp	1.9%-0.7pp	2.6%
Return on Assets	1.2%-0.0pp	1.2%-0.2pp	1.4%+0.2pp	1.2%+1.3pp	-0.1%-1.0pp	0.8%+0.0pp	0.8%-0.3pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.26+0.1	1.190.0	1.200.0	1.20-0.0	1.23+0.0	1.19+0.0	1.16+0.0	1.15
FCF Margin	-16.4%-88.9pp	72.5%+26.2pp	46.3%-2.1pp	48.4%+121.0pp	-72.6%-139.9pp	67.3%+26.1pp	41.2%+2.3pp	38.9%

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Frequently Asked Questions

What is EPR Properties's annual revenue?

EPR Properties (EPR) reported $718.4M in total revenue for fiscal year 2025. This represents a 2.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is EPR Properties's revenue growing?

EPR Properties (EPR) revenue grew by 2.9% year-over-year, from $698.1M to $718.4M in fiscal year 2025.

Is EPR Properties profitable?

Yes, EPR Properties (EPR) reported a net income of $274.9M in fiscal year 2025, with a net profit margin of 38.3%.

What is EPR Properties's EBITDA?

EPR Properties (EPR) had EBITDA of $583.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does EPR Properties have?

As of fiscal year 2025, EPR Properties (EPR) had $90.6M in cash and equivalents against $2.9B in long-term debt.

What is EPR Properties's operating margin?

EPR Properties (EPR) had an operating margin of 57.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is EPR Properties's net profit margin?

EPR Properties (EPR) had a net profit margin of 38.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does EPR Properties pay dividends?

Yes, EPR Properties (EPR) paid $3.52 per share in dividends during fiscal year 2025.

What is EPR Properties's return on equity (ROE)?

EPR Properties (EPR) has a return on equity of 11.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is EPR Properties's free cash flow?

EPR Properties (EPR) generated $269.2M in free cash flow during fiscal year 2025. This represents a 108.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is EPR Properties's operating cash flow?

EPR Properties (EPR) generated $421.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are EPR Properties's total assets?

EPR Properties (EPR) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are EPR Properties's capital expenditures?

EPR Properties (EPR) invested $151.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does EPR Properties buy back shares?

Yes, EPR Properties (EPR) spent $9.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is EPR Properties's debt-to-equity ratio?

EPR Properties (EPR) had a debt-to-equity ratio of 1.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is EPR Properties's return on assets (ROA)?

EPR Properties (EPR) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is EPR Properties's Piotroski F-Score?

EPR Properties (EPR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are EPR Properties's earnings high quality?

EPR Properties (EPR) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can EPR Properties cover its interest payments?

EPR Properties (EPR) has an interest coverage ratio of 3.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is EPR Properties?

EPR Properties (EPR) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.