EPR Properties (EPR) financial statements
EPR Properties reported revenue of $718M in fiscal 2025, up 4.3% a year over 9 years.
Net income was $275M.
Free cash flow was $269M, and the company returned $291M in dividends and $10M in net buybacks.
The diluted share count rose 21% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from EPR Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $493M | $518M | $640M | $652M | $415M | $532M | $658M | $706M | $698M | $718M |
| Selling, general and admin | $38M | $43M | $49M | $46M | $43M | $44M | $52M | $56M | $50M | $56M |
| Operating income | — | — | — | — | $52M | $279M | $311M | $306M | $316M | $414M |
| Interest expense | $97M | $133M | $136M | $142M | $158M | $148M | $131M | $125M | $131M | $133M |
| Pre-tax income | $226M | $228M | $224M | $152M | -$115M | $100M | $177M | $175M | $147M | $277M |
| Income tax | $553,000 | $2M | $2M | -$3M | $17M | $2M | $1M | $2M | $1M | $2M |
| Net income | $225M | $263M | $267M | $202M | -$132M | $99M | $176M | $173M | $146M | $275M |
| EPS (diluted) | $3.17 | $3.29 | $3.27 | $2.32 | -$2.05 | $1.00 | $2.03 | $1.97 | $1.60 | $3.28 |
| Diluted shares | 63M | 71M | 74M | 77M | 76M | 75M | 75M | 76M | 76M | 76M |
| Operating margin | — | — | — | — | 12.6% | 52.4% | 47.3% | 43.4% | 45.2% | 57.7% |
| Net margin | 45.6% | 50.7% | 41.7% | 31.0% | -31.8% | 18.5% | 26.8% | 24.5% | 20.9% | 38.3% |
Balance sheet
Fiscal years, from EPR Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $19M | $42M | $6M | $529M | $1.0B | $289M | $108M | $78M | $22M | $91M |
| Goodwill | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 | $693,000 |
| Total assets | $4.9B | $6.2B | $6.1B | $6.6B | $6.7B | $5.8B | $5.8B | $5.7B | $5.6B | $5.7B |
| Total liabilities | $2.7B | $3.3B | $3.3B | $3.6B | $4.1B | $3.2B | $3.2B | $3.2B | $3.3B | $3.4B |
| Shareholders' equity | $2.2B | $2.9B | $2.9B | $3.0B | $2.6B | $2.6B | $2.5B | $2.5B | $2.3B | $2.3B |
| Net debt | -$19M | -$42M | -$6M | -$529M | -$1.0B | -$289M | -$108M | -$78M | -$22M | -$91M |
Cash flow
Fiscal years, from EPR Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $305M | $398M | $484M | $440M | $65M | $307M | $442M | $447M | $393M | $421M |
| Capital spending | $219M | $398M | $187M | $501M | $39M | $57M | $175M | $61M | $46M | $152M |
| Free cash flow | $86M | $716,000 | $297M | -$61M | $27M | $250M | $267M | $386M | $347M | $269M |
| Stock-based compensation | $11M | $14M | $15M | $13M | — | $15M | $17M | $18M | $14M | $15M |
| Dividends paid | $266M | $312M | $342M | $367M | $172M | $118M | $266M | $272M | $280M | $291M |
| Share buybacks (net) | -$4M | -$7M | -$7M | -$10M | -$7M | -$3M | -$4M | -$4M | -$11M | -$10M |
| Net borrowing | $515M | $548M | -$42M | $95M | $590M | -$889M | $0 | $0 | $38M | $75M |
| Free cash flow margin | 17.5% | 0.1% | 46.4% | -9.4% | 6.4% | 47.1% | 40.6% | 54.8% | 49.8% | 37.5% |
| Dividends per share | $4.19 | $4.37 | $4.60 | $4.78 | $2.27 | $1.57 | $3.54 | $3.60 | $3.68 | $3.80 |
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Open EPR in InvestinglyQuestions
What was EPR Properties's revenue in 2025?
$718M in fiscal 2025, from its 10-K filing.
How much free cash flow does EPR Properties generate?
$269M in fiscal 2025 (operating cash flow minus capital spending).
From EPR Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.