Stock fact sheet · data as of
EPR Properties (EPR): fair value, margin of safety and Wheel Score
Real Estate · REIT - Specialty · United States · High Yield Income
Is EPR undervalued?
EPR closed at 55.15 on 16 Oct 2026 against a GLS average fair value of 59.80 - 7.8% below fair value, which our screens read as "fairly priced". 3 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between Lynch (9.47) and DCF (204.83). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files EPR under High Yield Income: a dividend yield above 4%.
Nine valuation models for EPR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 204.83 | +271% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 48.33 | -12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 47.11 | -15% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.47 | -83% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 13.49 | -76% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 61.99 | +12% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 61.14 | +11% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 53.63 | -3% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 38.23 | -31% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -31.25 | -157% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 65.50 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
EPR Properties scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.3/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 5.0%, ROE 11.8%, ROA 4.8% - with debt at 1.35 times equity and a free-cash-flow yield of 5.5%.
The dividend yield is high at 6.61% (payout ratio 110%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Entertainment Reportable Operating 96%, Education Reportable Operating 4%, Corporate Unallocated 0% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 5.0% |
|---|---|---|---|
| GLS Moat | 3.3 / 10 | ROE | 11.8% |
| Debt / equity | 1.35 | ROA | 4.8% |
| Free-cash-flow yield | 5.5% | Payout ratio | 110% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 64: Fair
A Wheel Score of 64 puts EPR Properties in the Fair band - below the 70 the Sunday Scan requires. Value 16/25, Health 11/20, Moat 5/15, Premium 16/20 and Stability 16/20; the weakest part is Moat (5/15).
Implied volatility is 31% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (16 of 20 points). Chain open interest is 5,403 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 826k shares a day on a market cap of $4.2B, with a beta of 1.02; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 16 / 25 | 8% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.3/10 | |
| Premium | 16 / 20 | implied volatility 31% | |
| Stability | 16 / 20 | 826k shares/day, $4.2B cap, beta 1.02 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
EPR Properties reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Specialty
The 12 companies below are the closest to EPR Properties by market cap within the REIT - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OUT Outfront Media Inc. | 29.95 | 21.40 | -40% | 55Fair | $5.3B |
| RYN Rayonier Inc. REIT | 18.65 | 22.63 | +18% | 76Good | $5.5B |
| FRMI Fermi Inc. Common Stock | 3.40 | 0.2626 | -1193% | 25Weak | $2.2B |
| GLPI Gaming and Leisure Properties, Inc. | 39.08 | 48.20 | +19% | 69Good | $11.4B |
| UNIT Uniti Group Inc. | 5.64 | 135.70 | +96% | 66Good | $1.4B |
| WY Weyerhaeuser Company | 18.90 | 14.36 | -32% | 55Fair | $13.6B |
| LAMR Lamar Advertising Company | 148.07 | 94.42 | -57% | 51Fair | $15.0B |
| SBAC SBA Communications Corporation | 180.71 | 190.61 | +5% | 77Good | $19.2B |
| LANDO Gladstone Land Corporation | 19.73 | 14.74 | -34% | 23No options | $714M |
| LANDP Gladstone Land Corporation | 19.61 | 14.74 | -33% | 23No options | $709M |
| IRM Iron Mountain Incorporated | 112.68 | 22.28 | -406% | 58Fair | $33.5B |
| CCI Crown Castle Inc. | 80.00 | 64.77 | -24% | 63Fair | $35.0B |
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Start free See the Sunday ScanQuestions about EPR
Is EPR undervalued right now?
Not meaningfully: at 55.15 the stock trades within a few percent of the GLS average fair value of 59.80 (7.8% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of EPR and what does it mean?
EPR scores 64 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for EPR?
59.80 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does EPR Properties report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does EPR have listed options, and how liquid are they?
Yes. The nightly snapshot found 120 listed contracts with 5,403 open interest across all expiries and implied volatility of 31% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.