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Entertainment Properties TrustEPRDON'T BUYJul 20, 2009Stock price when the opinion was issued
As of Jun 12, 2026. Market Open.
EPR is quite cheap for a REIT at 9X cash flow. Shares are still up 12% for the year. The 7.16% yield is nice, and the last distribution increase was in February of this year (28.5 to 29.5 cents). Debt is high, like most REITs. Payout ratio (12 months) is 73%. There is some cushion here and we would not see the distribution at particular risk. In the Q3 cash flow per share was $1.37, beating estimates of $1.34; revenue was $60.5M missing estimates of $64.8M. Guidance for 2026 was raised slightly. We would view it as an attractive mid-cap income security, and priced well.
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