EPR Properties (EPR)

NYSEReal EstateReit - SpecialtySnapshot 2026-10-23

$55.97-0.69%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge EPR Properties’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	169.56M
EPS	—	0.749
Annual ending 2026-12-31
Revenue	—	658.75M
EPS	—	3.067
Annual ending 2027-12-31
Revenue	—	690.4M
EPS	—	3.054

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Disposition proceeds of $50M-$100M in 2026	A primary condition in EPR Properties's published investment case. The stated target is ~$75M disposition proceeds.	Intact	disposition proceeds fall below $50M in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Disposition proceeds guidance for 2026 was introduced at $25.0-$75.0 million in 2025-Q4, increased to $50.0-$100.0 million in 2026-Q1, and confirmed at that level in 2026-Q2. This reflects management's ongoing focus on capital recycling, with proceeds guidance increasing steadily. Delivery assessment Oct 24, 2026
Investment spending of $500M-$600M in 2026	EPR Properties raises investment spending to $500M-$600M in 2026.	Intact	investment spending falls below $500M in FY26	Capital expenditures: $0 FY2026-Q2; GAAP. Published target: ~$550M total investment spending. Target period is not explicitly aligned with this observation. Source published Jul 30, 20260 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Investment spending guidance for 2026 increased from $400.0-$500.0 million in 2025-Q4 to $500.0-$600.0 million in 2026-Q1, and further to $600.0-$700.0 million in 2026-Q2. Management is delivering on this priority with actual investment spending totaling $492.2 million in the first half of 2026 and $440.8 million in 2026-Q2 alone, showing a clear upward trajectory. Delivery assessment Oct 24, 2026
Maintain dividend payments near $0.9 per share	Dividends remain strong at $0.9 per share, supporting income investors.	Intact	dividend per share falls below $0.9 over next 4 quarters	Dividend per share: $0.93 per share FY2026-Q2; GAAP. Published target: >= $0.9 dividend per share. Target period is not explicitly aligned with this observation. Source published Jul 30, 20260.93 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: b82ee658-c51f-436b-b53d-e3ba13efe8cd. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. The Company increased its monthly dividend by 5.1% to $0.31 per share in 2026-Q1, resulting in an annualized dividend of $3.72 per share in 2026-Q2, up from approximately $3.54 the prior year. Management is delivering consistent dividend growth as committed. Delivery assessment Oct 24, 2026
Revenue growth near 7% annually	A supporting condition in EPR Properties's published investment case. The stated target is >=7% YoY revenue growth.	Intact	YoY revenue growth falls below 7% next year	Revenue growth: 10.11% FY2026-Q2; GAAP. Published target: >=7% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Jul 30, 202610.114675 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: b82ee658-c51f-436b-b53d-e3ba13efe8cd. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenueUnavailable

Unavailable → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	4 / 4
2026-07-25	Unavailable	$803,782,670	1 / 5
2026-07-26	Unavailable	Unavailable	4 / 4
2026-07-27	Unavailable	$803,782,670	1 / 5
2026-07-28	Unavailable	Unavailable	4 / 4
2026-07-29	Unavailable	$803,782,670	1 / 5
2026-07-30	Unavailable	Unavailable	4 / 4
2026-07-31	Unavailable	$803,782,670	1 / 5
2026-08-01	Unavailable	Unavailable	4 / 4
2026-08-02	Unavailable	$803,782,670	1 / 5
2026-08-03	Unavailable	Unavailable	4 / 4
2026-08-04	Unavailable	Unavailable	4 / 4
2026-08-05	Unavailable	Unavailable	4 / 4
2026-08-06	Unavailable	$808,566,950	1 / 5
2026-08-07	Unavailable	Unavailable	4 / 4
2026-08-08	Unavailable	$808,566,950	1 / 5
2026-08-09	Unavailable	$808,566,950	1 / 5
2026-08-10	Unavailable	$808,566,950	1 / 5
2026-08-11	Unavailable	$808,566,950	1 / 5
2026-08-12	Unavailable	$808,566,950	1 / 5
2026-08-13	Unavailable	$808,566,950	1 / 5
2026-08-14	Unavailable	Unavailable	4 / 4
2026-08-15	Unavailable	Unavailable	4 / 4
2026-08-16	Unavailable	Unavailable	4 / 4
2026-08-17	Unavailable	Unavailable	4 / 4
2026-08-18	Unavailable	Unavailable	4 / 4
2026-08-19	Unavailable	Unavailable	4 / 4
2026-08-20	Unavailable	Unavailable	4 / 4
2026-08-21	Unavailable	Unavailable	4 / 4
2026-08-22	Unavailable	Unavailable	4 / 4
2026-08-23	Unavailable	Unavailable	4 / 3
2026-08-24	Unavailable	Unavailable	4 / 3
2026-08-25	Unavailable	Unavailable	4 / 3
2026-08-26	Unavailable	Unavailable	4 / 3
2026-08-27	Unavailable	Unavailable	4 / 3
2026-08-28	Unavailable	Unavailable	4 / 3
2026-08-29	Unavailable	Unavailable	4 / 3
2026-08-30	Unavailable	Unavailable	4 / 3
2026-08-31	Unavailable	Unavailable	4 / 3
2026-09-01	Unavailable	Unavailable	4 / 3
2026-09-02	Unavailable	Unavailable	4 / 3
2026-09-03	Unavailable	Unavailable	4 / 3
2026-09-04	Unavailable	Unavailable	4 / 3
2026-09-05	Unavailable	Unavailable	4 / 3
2026-09-06	Unavailable	Unavailable	4 / 3
2026-09-07	Unavailable	Unavailable	4 / 3
2026-09-08	Unavailable	Unavailable	4 / 3
2026-09-09	Unavailable	Unavailable	4 / 3
2026-09-10	Unavailable	Unavailable	4 / 3
2026-09-11	Unavailable	Unavailable	4 / 3
2026-09-12	Unavailable	Unavailable	4 / 3
2026-09-13	Unavailable	Unavailable	4 / 3
2026-09-14	Unavailable	Unavailable	4 / 3
2026-09-15	Unavailable	Unavailable	4 / 3
2026-09-16	Unavailable	Unavailable	4 / 3
2026-09-17	Unavailable	Unavailable	4 / 3
2026-09-18	Unavailable	Unavailable	4 / 3
2026-09-19	Unavailable	Unavailable	4 / 3
2026-09-20	Unavailable	Unavailable	4 / 3
2026-09-21	Unavailable	Unavailable	4 / 3
2026-09-22	Unavailable	Unavailable	4 / 3
2026-09-23	Unavailable	Unavailable	4 / 3
2026-09-24	Unavailable	Unavailable	4 / 3
2026-09-25	Unavailable	Unavailable	4 / 3
2026-09-26	Unavailable	Unavailable	4 / 3
2026-09-27	Unavailable	Unavailable	4 / 3
2026-09-28	Unavailable	Unavailable	4 / 3
2026-09-29	Unavailable	Unavailable	4 / 3
2026-09-30	Unavailable	Unavailable	4 / 3
2026-10-01	Unavailable	Unavailable	4 / 3
2026-10-02	Unavailable	Unavailable	4 / 3
2026-10-03	Unavailable	Unavailable	4 / 3
2026-10-04	Unavailable	Unavailable	4 / 3
2026-10-05	Unavailable	Unavailable	4 / 3
2026-10-06	Unavailable	Unavailable	4 / 3
2026-10-07	Unavailable	Unavailable	4 / 3
2026-10-08	Unavailable	Unavailable	4 / 3
2026-10-09	Unavailable	Unavailable	4 / 3
2026-10-10	Unavailable	Unavailable	4 / 3
2026-10-11	Unavailable	Unavailable	4 / 3
2026-10-12	Unavailable	Unavailable	4 / 3
2026-10-13	Unavailable	Unavailable	4 / 3
2026-10-14	Unavailable	Unavailable	4 / 3
2026-10-15	Unavailable	Unavailable	4 / 3
2026-10-16	Unavailable	Unavailable	4 / 3
2026-10-17	Unavailable	Unavailable	4 / 3
2026-10-18	Unavailable	Unavailable	4 / 3
2026-10-19	Unavailable	Unavailable	4 / 3
2026-10-20	Unavailable	Unavailable	4 / 3
2026-10-21	Unavailable	Unavailable	4 / 3
2026-10-22	Unavailable	Unavailable	4 / 3
2026-10-23	Unavailable	Unavailable	4 / 3
2026-10-24	Unavailable	Unavailable	4 / 3

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	3	8	1
2026-06-01	4	8	1
2026-07-01	4	7	1
2026-08-01	5	7	1
2026-09-01	5	6	1
2026-10-01	5	6	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 5 Buy / Strong Buy · 6 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Disposition proceeds of $50M-$100M in 2026Direct metric needs a verified mapping
Investment spending of $500M-$600M in 2026Capital expenditures: $0
Maintain dividend payments near $0.9 per shareDividend per share: $0.93 per share
Revenue growth near 7% annuallyRevenue growth: 10.11%

Next proof point

Oct 28, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.7%Typical daily move · historical

Downside history

-19.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

EPR Properties outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

EPR is a real estate income business with a moderate-risk, income-oriented profile. Its long-term thesis is intact, though recent financial performance and earnings quality are rated neutral, and the sector backdrop is a headwind.

What's priced into EPR Properties

Valuation is rated cheap, while the peer comparison is near parity and the expectations gap is close to neutral. The evidence describes pricing as justified with low fragility, so the market does not appear to be relying on a strongly stretched or unusually fragile set of expectations.

What the fundamentals likely do

Near term, management is following through on higher investment spending and disposition proceeds guidance, and it raised guidance in July after an earnings beat. Dividend payments have also increased, while the risk of a near-term miss is rated quiet; the evidence still notes a history of a deep miss in a high-miss-rate industry.

What EPR Properties hinges on

Over the next few quarters, the thesis depends on EPR maintaining its raised guidance, since a reversal could damage management credibility. Rate cuts and continued earnings strength among major real estate companies could support the sector backdrop, while sustained investment execution and capital recycling remain important company-level factors.