EPR Properties

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EPR Properties
TypePublic company
NYSE: EPR
S&P 400 component
FoundedAugust 22, 1997; 24 years ago (1997-08-22)
HeadquartersKansas City, Missouri
Key people
Robert J. Druten, Chairman
Gregory K. Silvers, CEO & President
Mark A. Peterson, CFO
RevenueIncrease $651 million (2019)
Decrease $202 million (2019)
Total assetsIncrease $6.577 billion (2019)
Total equityIncrease $3.005 billion (2019)
Number of employees
62 (2019)
Websitewww.eprkc.com
Footnotes / references
[1]

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. As of December 31, 2019, the company owned 179 theatre properties, 55 eat & play properties, 18 attraction properties, 13 ski properties, 6 experiential lodging properties, 1 gaming property, 3 cultural properties, and 7 fitness & wellness properties.[1]

History[]

Entertainment Properties Trust was created by AMC Entertainment executive Peter Brown and financial analyst David Brain. They decided to establish a REIT focused on megaplex movie theaters after failing to find an existing REIT to help finance AMC's development of theaters.[2][3] The company was incorporated on August 22, 1997.[1] It held its initial public offering in November 1997, raising $278 million.[4] By March 1998, Entertainment Properties had purchased 13 AMC theaters in sale-and-leaseback transactions.[5]

The company changed its name to EPR Properties in 2012 to reflect its diversification into recreation and education properties.[6][7]

In 2015, Brain retired as chief executive officer.[8]

In April 2017, CNL Financial Group sold Northstar California, 15 attraction properties, and 5 small family entertainment centers to EPR Properties for approximately $456 million.[9]

In November 2019, the company sold its portfolio of charter schools for $454 million.[10]

Notable properties[11][]

Amusement parks[]

Ski resorts[]

Retail centers[]

Museums[]

References[]

  1. ^ a b c "EPR Properties 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Rob Roberts (April 21, 2015). "One REIT's loss may be another REIT's Brain". Kansas City Business Journal. Retrieved 2021-08-07.
  3. ^ Suzanna Stagemeyer (October 7, 2007). "Brain is the mind behind Entertainment Properties Trust". Kansas City Business Journal. Retrieved 2021-08-07.
  4. ^ "Inflation looks lowest in 11 years". The Charlotte Observer. AP. November 19, 1997 – via NewsBank.
  5. ^ Joe Gose (March 17, 1998). "Big theaters, big money". The Kansas City Star – via NewsBank.
  6. ^ Steve Vockrodt (October 30, 2012). "Entertainment Properties Trust debuts a new name". Kansas City Business Journal. Retrieved 2021-08-07.
  7. ^ "Entertainment Properties Trust announces name change to EPR Properties" (Press release). EPR Properties. November 12, 2012. Retrieved 2021-08-07 – via BusinessWire.
  8. ^ "EPR Properties Chief Executive Officer to Retire" (Press release). Business Wire. February 24, 2015.
  9. ^ "EPR Properties and CNL Lifestyle Properties Announce Closing of Transaction" (Press release). Business Wire. April 6, 2017.
  10. ^ Kaberline, Brian (November 25, 2019). "EPR sells school portfolio for $450M". American City Business Journals.
  11. ^ "Property Map".

External links[]

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