EPR PROPERTIES

EPR Properties is a specialty real estate investment trust that owns and leases experiential properties focused on out-of-home leisure and recreation venues. The company operates a diversified portfolio of real estate assets designed to generate stable cash flows through long-term net leases with tenants operating entertainment, recreation, and experiential facilities. The REIT targets properties where consumers spend discretionary time and money, including venues in the entertainment, recreation, and specialty real estate sectors.

The company's portfolio spans approximately 5.5 billion dollars in total assets across 43 states and Canada. EPR Properties employs a focused underwriting approach centered on tenant credit quality, property-level cash flow metrics, and industry fundamentals. The company operates with a lean corporate structure of 54 full-time employees based in Kansas City, Missouri.

The REIT generates revenue primarily through lease payments from its net lease tenants, who are responsible for property operating expenses, maintenance, and property taxes. This structure allows EPR Properties to maintain consistent revenue streams while limiting operational complexity. The company's diversified portfolio across multiple states and provinces provides geographic diversification across its experiential property holdings.