EPR Properties EPR

Company Overview

EPR Properties is a publicly traded real estate investment trust (REIT) that specializes in owning and leasing experiential real estate assets. The company operates within the specialty REIT segment, focusing on properties that facilitate out-of-home leisure, recreation, and entertainment activities. Its primary revenue is generated through long-term, triple-net leases, under which tenants are responsible for property-level operating costs, providing EPR with relatively predictable rental income.

The company’s core business is organized around experiential property types, including Experiential, Education, and Gaming assets, with the Experiential segment representing the majority of revenue. EPR Properties was founded in 1997 and completed its initial public offering in 1997 as well. Over time, the company evolved from a diversified specialty REIT into a more focused experiential real estate owner, particularly after strategic portfolio adjustments following the COVID‑19 pandemic to emphasize experiential and entertainment-driven properties with long-term demand characteristics.