CluenexEPR Properties EPR
EPR Properties scores average on business quality (5.4 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What EPR Properties does
EPR Properties is a specialty real estate investment trust that owns experiential properties like movie theaters, eat-and-play venues, and attractions, collecting lease payments from entertainment operators. The company is leaning into monthly dividend distributions and asset portfolio optimization to appeal to income-focused investors looking for steady experiential yield.
- What it does best
EPR excels at extracting high gross margins from experiential real estate, posting a gross margin of 91.9% that places it in the top decile of its sector. This edge stems from triple-net leases that shift operational costs to tenants, though it leaves the firm vulnerable when amusement and theater operators face consumer downturns.
- The main risk
Tenant concentration in movie theaters and experiential entertainment creates ongoing default exposure. If box office recovery stalls or consumer spending shifts away from out-of-home leisure, operator cash flows drop and rental collection risks rise across its core amusement portfolio.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 54.1% with a net margin of 32.2%, reflecting efficient property management. However, a negative free cash flow margin of -27.1% driven by elevated capital outlays means profitability remains pressured during heavy investment cycles.
A niche specialization in experiential assets locks in entertainment operators via specialized buildouts that are hard to replicate. Its operating margin sits in the top decile at 54.1%, but narrow tenant options limit broader scaling.
Revenue grew by 2.9% to reach $743M, showing sluggish expansion that ranks in the bottom quartile of its sector. Growth remains constrained compared to historical peaks as new property acquisitions slow down.
Total debt sits at $2.9B against $91M in cash, backed by an interest coverage ratio of 195.3x where debt costs are a minor friction. Free cash flow dropped to -$201M due to heavy capital expenditures of $642M, softening the overall financial profile.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $209K outside pre-planned sales.
Our sealed record on EPR
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
EPR Properties scores average on the Cluenex quality check (5.4 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: 1 sold $209K outside pre-planned sales.
Oct 28, 2026, after the close.
See EPR today
- Today's verdict on EPR, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “EPR Properties (EPR)”, https://cluenex.com/stocks/epr/, data as of Oct 10, 2026.