What is Epr Properties worth?
With the base-case assumptions below, a discounted cash flow model on Epr Properties's reported free cash flow gives $51.04 per share. The share price was $61.18 on November 10, 2026, 20% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.5% | 10.0% | $15.28 | -75% |
| Base | 11.5% | 9.0% | $51.04 | -17% |
| Bull | 16.5% | 8.0% | $122.32 | +100% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $78.25 | $86.67 | $96.95 | $109.80 | $126.33 |
| 8.0% | $57.87 | $63.32 | $69.77 | $77.51 | $86.96 |
| 9.0% | $43.01 | $46.74 | $51.04 | $56.06 | $62.00 |
| 10.0% | $31.72 | $34.37 | $37.38 | $40.82 | $44.78 |
| 11.0% | $22.87 | $24.82 | $26.99 | $29.44 | $32.21 |
Where the presets come from
Base: years 1 to 5 grow at Epr Properties's revenue growth rate over the last 5 fiscal years (11.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions