EPR Properties (NYSE:EPR) is a real estate investment trust that specializes in experiential properties across the United States, Canada and select international markets. Established in 1997 and headquartered in Kansas City, Missouri, the company targets properties in the entertainment, recreation and education sectors. Its portfolio includes movie theaters, ski resorts, family entertainment centers, charter schools and other venues that benefit from consumer-driven experiences.
The trust employs long-term, triple-net lease agreements, where tenants are responsible for real estate taxes, insurance and maintenance. This structure provides EPR Properties with predictable rent streams while allowing tenants to focus on their core operations. Key tenants include nationally recognized cinema chains, operators of amusement parks, and educational institutions under charter school arrangements.
Over its history, EPR Properties has grown through strategic acquisitions and portfolio diversification. The company went public in 1998 under the name Education Properties Trust and rebranded in 2006 to reflect its broader focus on experiential real estate. Its assets span more than 40 U.S. states, several Canadian provinces and select international jurisdictions, positioning the trust to benefit from diverse demographic and economic trends.
The company is led by Gregory R. Bilde, who serves as Chairman and Chief Executive Officer, supported by a senior management team with extensive experience in real estate investment, finance and operations. EPR Properties’ governance framework emphasizes disciplined underwriting, active asset management and a commitment to sustainable property enhancements that drive tenant and shareholder value over the long term.
