Mission Statement, Vision, & Core Values (2024) of EPR Properties (EPR).

An Overview of EPR Properties (EPR)

General Summary of EPR Properties (EPR)

EPR Properties (EPR) is a real estate investment trust (REIT) that primarily focuses on the acquisition, development, and financing of properties in the experiential and education sectors. Founded in 1997, EPR has evolved to become a key player in the industry, with a portfolio that includes theatre properties, entertainment and recreation venues, and educational facilities. As of September 30, 2024, EPR Properties has a total investment portfolio valued at approximately $6.9 billion, with properties located in 44 states and Canada. The company’s experiential investments represent 93% of this total, with education investments making up the remaining 7%.

As of 2024, EPR Properties operates a diverse range of properties, including:

• 159 theatre properties
• 58 eat & play properties
• 24 attraction properties
• 11 ski properties
• 7 experiential lodging properties
• 22 fitness & wellness properties
• 1 gaming property
• 1 cultural property

In terms of sales, EPR Properties reported total revenue of $520.8 million for the nine months ended September 30, 2024, a decrease from $533.7 million in the same period of 2023.

Company's Financial Performance in the Latest Financial Reports

In the latest financial reports, EPR Properties demonstrated a strong financial performance despite some challenges. For the three months ending September 30, 2024, the company reported total revenue of $180.5 million, compared to $189.4 million for the same period in 2023, marking a 5% decline. However, net income available to common shareholders for the same quarter was reported at $40.6 million, down from $50.2 million in the previous year.

For the nine months ended September 30, 2024, EPR Properties achieved a total revenue of $520.8 million, down by 2% from $533.7 million in the corresponding period of 2023. The company's net income available to common shareholders increased to $136.4 million from $109.4 million year-over-year, reflecting a growth of 24%.

The decrease in revenue was largely attributed to a comprehensive restructuring agreement with Regal Entertainment and higher deferred rental payments. Despite this, EPR Properties experienced growth in other income, totaling $43.9 million for the nine months ended September 30, 2024, compared to $33.9 million in 2023.

Introduction to Company as a Leader in the Industry

EPR Properties stands out as one of the leading companies in the REIT sector, particularly in the experiential and education markets. The company has built a robust portfolio that emphasizes the importance of unique property types that cater to entertainment and educational experiences. EPR Properties has successfully navigated the challenges posed by economic fluctuations and changing market conditions, maintaining a high occupancy rate of 99% across its owned portfolio, excluding properties intended for sale.

The company continues to invest strategically in its portfolio, with a focus on enhancing value and maximizing returns for shareholders. EPR Properties' successful management and operational strategies have positioned it well within the industry, making it a noteworthy example for investors seeking opportunities in the experiential real estate sector.

Mission Statement of EPR Properties (EPR)

Mission Statement of EPR Properties (EPR)

The mission statement of EPR Properties (EPR) emphasizes their commitment to providing high-quality, experiential properties that enhance the lives of individuals and communities. This mission guides the company's strategic initiatives and operational decisions, ensuring alignment with long-term organizational goals. As of 2024, EPR Properties focuses on two primary segments: Experiential and Education. The mission statement reflects their dedication to delivering value through innovative real estate solutions while maximizing shareholder returns.

Core Component 1: Commitment to High-Quality Properties

EPR Properties prioritizes the acquisition and development of high-quality properties that are integral to their mission. This commitment is highlighted by their diverse portfolio, which includes:

• 159 theatre properties
• 58 eat & play properties
• 24 attraction properties
• 11 ski properties
• 7 experiential lodging properties
• 22 fitness & wellness properties
• 1 gaming property
• 1 cultural property

As of September 30, 2024, EPR's total investments amounted to approximately $6.9 billion, with an owned real estate portfolio consisting of about 20.8 million square feet, which was 99% leased .

Core Component 2: Enhancing Community Experiences

EPR Properties aims to enhance community experiences through its unique property offerings. The company believes in creating spaces that foster engagement and enjoyment, which is evident from the types of properties they invest in. For instance, their experiential portfolio includes properties that cater to entertainment, recreation, and education. In 2024, EPR completed the sale of two cultural properties and six vacant theatre properties for net proceeds totaling $65.1 million, demonstrating their proactive approach to optimizing their portfolio .

Core Component 3: Maximizing Shareholder Returns

Maximizing shareholder returns is a critical aspect of EPR's mission statement. The company has demonstrated its commitment through consistent financial performance. For the nine months ended September 30, 2024, EPR reported:

• Total revenue of $520.8 million
• Net income available to common shareholders of $136.4 million
• Funds From Operations As Adjusted (FFOAA) per diluted share of $3.64

Additionally, EPR declared cash dividends totaling $2.545 per common share during the same period .

Vision Statement of EPR Properties (EPR)

Vision Statement Overview

The vision statement of EPR Properties (EPR) as of 2024 reflects the company's commitment to being a leader in the experiential real estate sector. This vision emphasizes not only growth but also sustainability and adaptability in a changing market landscape.

Commitment to Experiential Investments

EPR Properties aims to focus primarily on experiential investments, which include properties that provide unique experiences to customers. As of September 30, 2024, EPR's total investments in experiential properties amounted to approximately $6.4 billion, representing about 93% of its total investment portfolio. This portfolio includes:

• 159 theatre properties
• 58 eat & play properties
• 24 attraction properties
• 11 ski properties
• 7 experiential lodging properties
• 22 fitness & wellness properties
• 1 gaming property
• 1 cultural property

These investments are designed to meet evolving consumer preferences, driving revenue growth while enhancing customer engagement.

Focus on Sustainability

EPR Properties is committed to sustainable practices within its operations and investments. This includes implementing environmentally responsible building practices and ensuring that new developments meet high sustainability standards. As of September 30, 2024, EPR's owned portfolio consisted of approximately 20.8 million square feet, with a leasing rate of 99%. This efficiency reflects the company's strategic focus on sustainability and operational excellence.

Adaptability to Market Changes

The company is also dedicated to adaptability in the face of economic challenges. For instance, EPR has faced significant market pressures, including inflation and increased costs of capital. As of September 30, 2024, EPR reported a total debt outstanding of approximately $2.9 billion, with 99% being unsecured. This financial structure allows EPR to maintain flexibility and resilience in its investment strategy.

Innovative Growth Strategies

EPR Properties is focusing on innovative growth strategies to enhance its market position. The company completed the sales of several properties, including two cultural properties and six vacant theatre properties, for net proceeds totaling $65.1 million during the nine months ended September 30, 2024. This proactive approach to asset management illustrates EPR's commitment to optimizing its portfolio and capitalizing on market opportunities.

Strategic Partnerships and Collaborations

EPR Properties continues to explore strategic partnerships to expand its market reach and enhance its service offerings. The company has engaged in joint ventures for various projects, particularly in the experiential lodging sector, which has been impacted by recent weather events. These collaborations are crucial for leveraging shared resources and expertise.

Conclusion of Vision Statement Components

The vision statement of EPR Properties encapsulates a forward-thinking approach, focusing on experiential investments, sustainability, adaptability, innovative growth strategies, and strategic partnerships. These elements are designed to position EPR as a leader in the experiential real estate market, ensuring long-term growth and success in an evolving economic landscape.

Core Values of EPR Properties (EPR)

Integrity

The core value of Integrity at EPR Properties emphasizes the importance of honesty and transparency in all business dealings. This value is crucial for maintaining trust with stakeholders, including investors, tenants, and partners.

EPR Properties demonstrates its commitment to integrity through its rigorous compliance with financial regulations and ethical guidelines. For instance, in the nine months ended September 30, 2024, the company reported net income of $154.5 million, reflecting its adherence to transparent financial practices.

Collaboration

Collaboration is a fundamental value for EPR Properties, fostering teamwork and partnerships across various sectors. This value is essential for driving innovation and achieving shared goals.

The company has engaged in numerous joint ventures, which exemplify its collaborative spirit. As of September 30, 2024, EPR Properties had investments in multiple joint ventures, including experiential lodging properties significantly affected by recent hurricanes. The collaborative efforts with partners to address these challenges reflect the company's commitment to working together for mutual success.

Excellence

Excellence represents EPR Properties' commitment to high standards in its operations, investments, and customer service. This value drives the company to continually improve and innovate.