EPR Properties (NYSE:EPR) is the leading experiential real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry.
Tenants in 43 STATES & CANADA
To build the premier experiential REIT
We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. These are properties which make up the social infrastructure of society.
Connect and congregate
Create memorable experiences
Share the experiences
Why experiential real estate?
A full 74 percent of Americans now prioritize experiences over products or things.* Baby Boomers are entering a stage where “less is more,” while younger generations, particularly Millennials, are leading the charge in placing a newfound value on experiences, more than things. Research has also shown that shared experiences with friends and family drive longer term happiness, while happiness derived from material goods tends to decline after the purchase.
Additionally social media has a significant impact on experiential spending as many consumers use social networks as primary means of communicating. As consumers participate in experiences it has become common to curate and share these experiences via their social media feeds. This social sharing provides detailed information and reviews, expanding the scope of consideration and reducing consumer risk.
Building the premier experiential real estate portfolio
$100+ Billion addressable market
Target experiential property types
EAT & PLAY
Golf Entertainment Complexes
Family Entertainment Centers
* “Generations on the Move: 2018 Expedia and the Center for Generational Kinetics”
Growth & Performance
Our long-term primary business objective is to enhance shareholder value by achieving predictable and increasing FFO and dividends per share. Central to our growth is executing our strategy which is focused on acquiring or developing experiential properties.
With 367 properties across 43 states, our strategic focus has yielded superior results. EPR Properties has considerably outperformed both the Russell 1000 and MSCI US REIT Index in total return, including consistent and strong cash dividend yields.
*Total Investments (a non-GAAP financial measure) is as of September 30, 2019, and is adjusted to remove all public charter school investments. See reconciliation of Total Investments on Slide 18 in the Charter School Transaction Presentation in the Investor Center. **Annualized Adjusted Revenue (a non-GAAP financial measure) is Total Revenue for the quarter ended September 30, 2019, excluding public charter school total revenue, other income and pass through revenues, further adjusted for in-service projects and percentage rent and participating interest. This number is then multiplied by four to get an annual amount. See reconciliation of Annualized Adjusted Revenue to Total Revenue on Slide 17 in the Charter School Transaction Presentation in the Investor Center.***As of September 30, 2019; adjusted for the charter school transactions which closed subsequent to quarter end.