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  • EPR
  • The Company’s common shares are traded on the New York Stock Exchange.
  • Publicly traded REITs are owned by a variety of investors, including individuals, pension funds, endowment funds, insurance companies, bank trust departments and mutual funds. Publicly traded REITs historically offer investors: Income & Long-term Growth. REITs provide competitive long-term rates of return that complement the returns from other stocks and from bonds.

    • High Dividend Yield. Significantly higher on average than other equities, the industry’s dividend yields historically have produced a steady stream of income through a variety of market conditions.
    • Liquidity. Shares of publicly traded REITs are readily converted into cash because they are traded on the major stock exchanges.
    • Oversight. Independent directors of the REIT, independent analysts, independent auditors, and the business and financial media monitor a publicly traded REIT’s financial reporting on a regular basis. This scrutiny provides investors with a measure of protection and more than one barometer of the REIT’s financial condition.
    • Transparency. REITs whose securities are registered with the SEC are required to make regular disclosures, including quarterly and yearly financial reports.
  • The Company’s common shares were first listed on the New York Stock Exchange on November 17, 1997 under the name Entertainment Properties Trust.
  • The Company’s fiscal year-end is December 31.
  • You can purchase EPR Properties stock through the Company’s Dividend Reinvestment and Direct Share Purchase Plan or through a stock brokerage firm of your choice.

  • Contact the Company’s transfer agent and registrar, Computershare, as follows:

    Telephone:
    Toll-free within US and Canada
    (800) 884-4225
    Telephone from outside US and Canada
    (781) 575-4706

    Regular mail:
    Computershare Trust Company, N.A.
    PO Box 43078
    Providence, RI 02940-3078

    Overnight/express delivery:
    Computershare Trust Company, N.A.
    250 Royall St. Canton, MA 02021

    Website:
    www.computershare.com

  • The Company does offer a Dividend Reinvestment and Direct Share Purchase Plan. EPR’s transfer agent, Computershare, administers the plan and can be contacted directly for further information at (800) 884-4225.

  • The Company typically releases earnings for interim quarters at the end of the month following quarter-end. Additionally, the Company typically releases year-end earnings at the end of the second month following year-end.

  • You can view annual reports and SEC filings on our website. For further information, please contact:

    Investor Relations Department
    c/o Brian Moriarty
    Vice President – Corporate Communications

    EPR Properties
    909 Walnut, Suite 200
    Kansas City, MO 64106
    Phone: 816-472-1700
    Toll Free: 888-EPR-REIT
    e-mail: info@eprkc.com

  • The National Association of Real Estate Investment Trusts (“NAREIT”) developed FFO as a relative non-GAAP financial measure of performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP and management provides FFO herein because it believes this information is useful to investors in this regard.

     

    FFO is a widely used measure of the operating performance of real estate companies and is provided here as a supplemental measure to GAAP net income available to common shareholders and earnings per share. Pursuant to the definition of FFO by the Board of Governors of NAREIT, we calculate FFO as net income available to common shareholders, computed in accordance with GAAP, excluding gains and losses from sales [or acquisitions] of depreciable operating properties and impairment losses of depreciable real estate, plus real estate related depreciation and amortization, and after adjustments for unconsolidated partnerships, joint ventures and other affiliates. Adjustments for unconsolidated partnerships, joint ventures and other affiliates are calculated to reflect FFO on the same basis. We have calculated FFO for all periods presented in accordance with this definition.

     

    In addition, we present FFO as adjusted by adding to FFO costs (gains) associated with loan refinancing or payoff, net, transaction costs (benefit), retirement severance expense, provision for loan losses, preferred share redemption costs and termination fees associated with tenants' exercises of education properties buy-out options and by subtracting gain on early extinguishment of debt, gain (loss) on sale of land, gain on insurance recovery and deferred income tax benefit (expense). FFO and FFO as adjusted are a non-GAAP financial measures. FFO and FFO as adjusted do not represent cash flows from operations as defined by GAAP and are not indicative that cash flows are adequate to fund all cash needs and are not to be considered an alternative to net income or any other GAAP measure as a measurement of the results of our operations or our cash flows or liquidity as defined by GAAP. It should also be noted that not all REITs calculate FFO and FFO as adjusted the same way so comparisons with other REITs may not be meaningful.

     

    For further definitions and additional information, please visit NAREIT’s website

    Clicking on this link will take you to a site operated by a party that is independent of EPR Properties or its affiliates. This link is provided for your reference only. EPR Properties does not control the NAREIT website and is not responsible for its content.

  • In addition to FFO, we present AFFO by adding to FFO provision for loan losses, transaction costs (benefit), retirement severance expense, non-real estate depreciation and amortization, deferred financing fees amortization, costs (gain) associated with loan refinancing or payoff, net, share-based compensation expense to management and trustees, amortization of above market leases, net, preferred share redemption costs, and termination fees associated with tenants' exercises of education properties buy-out options; and subtracting maintenance capital expenditures (including second generation tenant improvements and leasing commissions), straight-lined rental revenue, the non-cash portion of mortgage and other financing income, gain (loss) on sale of land, gain on insurance recovery and deferred income tax benefit (expense). AFFO is a widely used measure of the operating performance of real estate companies and is provided here as a supplemental measure to GAAP net income available to common shareholders and earnings per share and management provides AFFO herein because it believes this information is useful to investors in this regard. AFFO is a non-GAAP financial measure. AFFO does not represent cash flows from operations as defined by GAAP and is not indicative that cash flows are adequate to fund all cash needs and is not to be considered an alternative to 33 net income or any other GAAP measure as a measurement of the results of our operations or our cash flows or liquidity as defined by GAAP. It should also be noted that not all REITs calculate AFFO the same way so comparisons with other REITs may not be meaningful.
  • Total investments is a non-GAAP financial measure defined as the sum of the carrying values of rental properties (before accumulated depreciation), rental properties held for sale (before accumulated depreciation), land held for development, property under development, mortgage notes receivable (including related accrued interest receivable), investment in a direct financing lease, net, investment in joint ventures, intangible assets, gross (included in other assets) and notes receivable and related accrued interest receivable, net (included in other assets). Total investments is a useful measure for management and investors as it illustrates across which asset categories the Company's funds have been invested.
  • Net Debt to Adjusted EBITDA is a supplemental measure derived from non-GAAP financial measures that the Company uses to evaluate its capital structure and the magnitude of its debt against its operating performance. The Company believes that investors commonly use versions of this ratio in a similar manner. In addition, financial institutions use versions of this ratio in connection with debt agreements to set pricing and covenant limitations. The Company's method of calculating the ratio may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs.

DISCLAIMER: As of the date indicated, this information was to our knowledge timely and accurate. We are under no obligation to update or remove outdated information other than as required by applicable law or regulation.