Form: 8-K

Current report

June 25, 2004

Documents

EXH. 5.2 SNR OPINION

Published on June 25, 2004

EXHIBIT 5.2


[SONNENSCHEIN NATH & ROSENTHAL LLP LETTERHEAD]



June 22, 2004



Entertainment Properties Trust
30 West Pershing Road
Suite 201
Kansas City, Missouri 64108

Re: Legality of Entertainment Properties Trust's Common Shares

Ladies and Gentlemen:

We have acted as counsel to Entertainment Properties Trust, a Maryland real
estate investment trust (the "Company"), with respect to the Registration
Statement on Form S-3, Registration No. 333-113626 (the "Registration
Statement") filed by the Company on March 15, 2004 with the Securities and
Exchange Commission (the "Commission") under the Securities Act of 1933, as
amended (the "Securities Act"), the prospectus, dated March 26, 2004, and a
prospectus supplement, dated June 22, 2004, in connection with the public
offering under the Securities Act of 1,150,000 common shares of beneficial
interest of the Company (including 150,000 shares to cover over-allotments, if
any, the "Shares") pursuant to an Underwriting Agreement, dated June 22, 2004,
among RBC Capital Markets Corporation, J.P. Morgan Securities Inc. and the
Company (the "Underwriting Agreement"). This opinion is being delivered in
accordance with the requirement of Item 601(b)(5) of Regulation S-K under the
Securities Act. Capitalized terms used but not otherwise defined herein have the
meanings ascribed to them in the Registration Statement.

In connection with this opinion, we have examined originals or copies
certified or otherwise identified to our satisfaction of such documents,
corporate records and other instruments as we have deemed necessary for the
purposes of this opinion, including (i) the Amended and Restated Declaration of
Trust and Bylaws of the Company, (ii) minutes and records of the corporate
proceedings of the Company with respect to the issuance of the Shares, (iii) the
Registration Statement, and (iv) the Underwriting Agreement.

For purposes of this opinion, we have assumed the authenticity of all
documents submitted to us as originals, the conformity to the originals of all
documents submitted to us as copies and the authenticity of the originals of all
documents submitted to us as copies. We have also assumed the genuineness of the
signatures of persons signing all documents in connection with which this
opinion is rendered, the authority of such persons signing on behalf of the
parties thereto other than the Company and the due authorization, execution and
delivery of all documents by the parties thereto other than the Company. As to
any facts material to the opinion expressed herein which we have not
independently established or verified, we have relied upon the statements and
representations of officers and other representatives of the Company and others.

Our opinion expressed below is subject to the qualifications that we
express no opinion as to the applicability of, compliance with, or effect of (i)
applicable bankruptcy, insolvency, reorganization, moratorium, arrangement and
other laws affecting creditors' rights, including, without limitation, the
effect of statutory or other laws regarding fraudulent conveyances, fraudulent
transfers and preferential transfers, (ii) the limitations imposed by general
principles of equity, including, without limitation, concepts of materiality,
reasonableness, good faith and fair dealing and the possible unavailability of
specific performance or injunctive relief regardless of whether considered in a
proceeding in equity or at law; and (iii) public policy considerations which may
limit the rights of parties to obtain certain remedies.

We render no opinion herein as to matters involving the laws of any
jurisdiction other than the present laws of the United States of America, the
present laws of the State of Missouri (excluding local laws), the present laws
of the State of New York (excluding local laws), the Maryland Corporations and
Associations statute, and the present judicial interpretations thereof. We
advise you that the issues addressed by this opinion may be governed in whole or
in part by other laws, and we express no opinion as to whether any relevant
difference exists between the laws upon which our opinion is based and any other
laws that may actually govern.

Based upon and subject to the assumptions, qualifications, exclusions and
other limitations contained in this letter, we are of the opinion that the
Shares have been duly authorized and, when issued, will be validly issued, fully
paid and non-assessable.

This opinion is limited to the specific issues addressed herein, and no
opinion may be inferred or implied beyond that expressly stated herein. This
opinion shall not be construed as or deemed to be a guaranty or insuring
agreement. This opinion is rendered on the date hereof and we have no continuing
obligation hereunder to inform you of changes of law, including judicial
interpretations of law, or of facts of which we become aware after the date
hereof.

We consent to the filing of this opinion with the Commission as an exhibit
to a Current Report on Form 8-K incorporated by reference into the Registration
Statement, the prospectus and the prospectus supplement, and to the reference to
our firm under the captions "Legal Opinions" and "Legal Matters" in the
Registration Statement and accompanying prospectus and prospectus supplement.




Very truly yours,

/s/ Sonnenschein Nath & Rosenthal LLP

SONNENSCHEIN NATH & ROSENTHAL LLP