EPR Properties (EPR) 股票分析

公司概述

EPR Properties operates as a leading diversified experiential net lease real estate investment trust, focusing on select enduring experiential properties within the real estate industry. The company specializes in real estate venues designed to facilitate out-of-home leisure and recreation experiences, thereby creating value through specific operational models. This entity functions within the Real Estate sector and the REIT - Specialty industry, a classification that denotes its specific adherence to Real Estate Investment Trust regulations while targeting niche property types. EPR Properties maintains a market capitalization of $4.06B, generates annual revenue of $713.96M, and employs 54 individuals to execute its strategy. The market cap figure of $4.06B combined with revenue of $713.96M indicates that the company holds a significant position within the specialized experiential real estate landscape, supported by a lean operational structure of 54 employees.

财务健康

The company reported a total revenue of $713.96M over the trailing twelve months, generating net income of $250.79M and an EBITDA of $549.88M. The substantial gap between the $549.88M EBITDA and the $250.79M net income reveals a cost structure where significant expenses, likely including interest and taxes, reduce operating earnings to net profit levels. Free cash flow stands at $332.53M, which provides the company with substantial financial flexibility to meet operational obligations or pursue capital allocation strategies. Gross margin is reported at 91.7%, indicating a highly efficient cost of goods sold structure typical of net lease models. Operating margin reaches 52.9%, demonstrating strong control over operating expenses relative to revenue generation. Profit margin is 38.5%, reflecting the final efficiency of the business in converting revenue into net earnings for shareholders. Regarding liquidity and leverage, the company holds $90.77M in cash against total debt of $3.13B, resulting in a debt-to-equity ratio of 134.21. This high leverage ratio suggests a balance sheet that is significantly leveraged rather than conservative, relying on borrowed capital to finance assets. The current ratio of 1.62 indicates that the company possesses sufficient current assets to cover its short-term liabilities with a 1.62-to-1 margin. Return on equity is 11.8% while return on assets is 4.2%, metrics that reveal management's effectiveness in generating returns specifically on shareholder equity versus the broader asset base.

估值评估

The trailing twelve-month P/E ratio is 16.19, while the forward P/E is projected at 17.15. The difference between the trailing and forward P/E implies that the market expects earnings growth to be modest or slightly below the current earnings base in the coming period. The price-to-book ratio stands at 1.74, indicating that the market values the company at a 74% premium over its tangible book value. Price-to-sales ratio is 5.69, and the EV/EBITDA multiple is 12.94, suggesting that the market values the company at a level that reflects its high profitability relative to sales and earnings before interest, taxes, depreciation, and amortization. The stock has a 52-week high of $62.08 and a 52-week low of $41.75. Without a specific current price provided in the facts, the range establishes the historical volatility bounds within which the stock has traded over the past year. The beta value is 1.01, which means the stock's price volatility tracks closely with the broader market movements, exhibiting slightly higher sensitivity than the market average.

Growth & Income

Revenue growth year-over-year is 3.9%, while earnings growth is listed as N/A. The absence of reported earnings growth data prevents a direct comparison of earnings expansion versus revenue expansion, but the 3.9% revenue growth indicates steady top-line expansion in the experiential real estate sector. As a dividend payer, the company offers a dividend yield of 6.7% with a payout ratio of 107.3%. The payout ratio exceeding 100% indicates that the company is currently paying out more in dividends than it is generating in net income, a practice that relies on cash flow or reserves and may require monitoring for sustainability. Since earnings growth is N/A, the sustainability of the 6.7% yield depends heavily on the robust free cash flow generation of $332.53M rather than reported net income growth. The overall growth and income profile is characterized by steady revenue expansion of 3.9% coupled with a high dividend yield that currently exceeds the reported net income payout capacity.