Form: S-3

Registration statement under Securities Act of 1933

April 22, 2004

SUBSIDIARIES OF THE COMPANY

Published on April 22, 2004

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EXHIBIT 21

SUBSIDIARIES




WHOLLY OWNED SUBSIDIARY JURISDICTION OF INCORPORATION
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EPT DownREIT, Inc. Missouri

EPT DownREIT II, Inc. Missouri

3 Theatres, Inc.* Missouri

Megaplex Holdings, Inc. Missouri

Megaplex Nine Inc. Missouri

Theater Sub Inc.* Missouri

Megaplex Four Inc.* Missouri

EPT Veterans Inc. Missouri

WestCol Holdings LLC Delaware

WestCol Corp. Delaware

WestCol Center LLC* Delaware

WestCol Theatre LLC Delaware

Flik, Inc. Delaware

Flik Depositor, Inc. Delaware

Tampa Veterans 24, Inc. Delaware

Cantera 30, Inc. Delaware

EPT Water Park, Inc. Missouri

EPT Hialeah, Inc. Missouri

EPT New Roc LLP Delaware

EPT New Roc GP, Inc. Delaware

30 West Pershing LLC Missouri

EPR North Trust Delaware



* Equity interest pledged to secure loan



NOT WHOLLY OWNED SUBSIDIARY JURISDICTION OF INCORPORATION
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EPT Gulf States LLC Delaware
(97% common membership interest)

Tampa Veterans 24, L.P. *Delaware (limited partnership interest
wholly-owned by Atlantic - EPR II)

Cantera 30 Theatre, L.P. *Delaware (limited partnership interest
wholly-owned by Atlantic - EPR I)



**Atlantic's interest may be exchanged for EPR shares or cash, at EPR's option.



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