EPR Properties: directors' dealings · United States · SEC (Form 4)

About EPR Properties

EPR Properties is a U.S.-listed real estate investment trust trading on the NYSE under the ticker EPR. It is a specialist in long-duration “experiential” real estate, focusing on assets tied to entertainment, recreation, destination dining, fitness, wellness and education. The company was founded in 1997 as a Maryland real estate investment trust and is headquartered in Kansas City, Missouri, United States. Its business model is that of a niche property owner and financier, typically using a net-lease framework and emphasizing durable, hard-to-replicate properties with stable tenant cash flows. ([investors.eprkc.com](https://investors.eprkc.com/files/doc_financials/2025/q1/Ex-99-3-EPR-3-31-2025-Supplemental.pdf?utm_source=openai)) From its early years, EPR built a franchise around movie theaters, destination entertainment and recreation assets, then expanded into a broader mix of experiential categories. Management describes the company as the leading diversified experiential REIT, and the strategy remains centered on properties that benefit from consumers’ demand for out-of-home experiences. The portfolio is assembled with disciplined underwriting, with a focus on industry attractiveness, property quality and tenant-level cash flow strength rather than on commodity real estate exposure. ([investors.eprkc.com](https://investors.eprkc.com/news-center/news-details/2026/EPR-Properties-Reports-Fourth-Quarter-and-2025-Year-End-Results/?utm_source=openai)) EPR’s principal business lines now include theater properties, eat-and-play venues, attractions, ski properties, experiential lodging, fitness and wellness facilities, plus smaller gaming and cultural assets. The company also maintains an education portfolio, including early childhood education centers and private schools. As of year-end 2025, EPR reported that its experiential portfolio remained overwhelmingly the core of the business and was substantially leased or operated, underscoring the importance of asset productivity and operating partner quality in its model. ([investors.eprkc.com](https://investors.eprkc.com/news-center/news-details/2026/EPR-Properties-Reports-Fourth-Quarter-and-2025-Year-End-Results/?utm_source=openai)) Geographically, EPR is primarily exposed to the United States, with some Canadian exposure through select leisure assets. That footprint keeps the company anchored to the U.S. consumer and domestic leisure economy, while limiting international complexity. For investors, the key analytical point is that EPR’s cash flows are driven less by traditional office or retail economics and more by attendance, operator performance and the resilience of experience-based consumption. ([investors.eprkc.com](https://investors.eprkc.com/news-center/news-details/2026/EPR-Properties-Announces-Definitive-Agreements-to-Acquire-Portfolio-of-Seven-Regional-Parks/default.aspx?utm_source=openai)) Recent highlights include the company’s strong 2025 full-year results, a 5.1% increase in the monthly common dividend announced in early 2026, and definitive agreements to acquire a seven-park regional portfolio from Six Flags for a gross transaction value of $342 million. EPR also strengthened liquidity with a $550 million senior note issuance in November 2025 and had no outstanding balance on its $1.0 billion unsecured revolver at year-end 2025. For French-speaking investors, EPR stands out as a specialized NYSE-listed U.S. REIT offering a combination of yield, selective growth and differentiated experiential real estate exposure. ([investors.eprkc.com](https://investors.eprkc.com/news-center/news-details/2026/EPR-Properties-Reports-Fourth-Quarter-and-2025-Year-End-Results/default.aspx?utm_source=openai))