Equity Profile

EPR

EPR Properties

Real EstateOther Specialized REITs$4.4B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

EPR Properties (EPR) is a real estate investment trust (REIT) that focuses on specialized properties, including entertainment, recreation, and education facilities. With a market cap of $4 billion, the company plays a significant role in the real estate sector, particularly as consumer spending patterns evolve in the post-pandemic landscape.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well EPR is managing its costs and generating income.

N/A

Revenue

Revenue growth is crucial for assessing the overall health of the business and its ability to attract and retain tenants.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

EPR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.92%

Avg Stock Reaction

-0.03%

Last Quarter Recap

In Q1-2026, EPR reported an EPS of $1.26, exceeding expectations by 4.3%. Despite this positive surprise, the stock saw a modest increase of 0.61% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about EPR's upcoming earnings report, given its strong track record of beating EPS estimates in recent quarters. However, the lack of specific guidance raises uncertainty about revenue performance.

Bull Case

If EPR continues its trend of beating EPS estimates, it could signal robust demand for its properties and effective management, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak revenue guidance, it could lead to a decline in investor confidence and a drop in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given EPR's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What insights can management provide regarding revenue growth and tenant demand?

Understanding revenue trends and tenant demand will be critical for assessing the company's future performance and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate EPR's ability to leverage its specialized properties effectively, leading to stronger-than-expected revenue growth.

Supporting Evidence

EPR has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing a larger move than historical averages, indicating potential volatility.

Insider selling could signal confidence in the company's future performance despite the current stock price.

Key Risk

If revenue growth exceeds expectations, it could shift the narrative toward a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers on whether EPR can maintain its profitability and revenue growth amid changing market conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $1.20 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±11.04%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 11% in either direction, indicating heightened uncertainty ahead of the earnings report.

Options are pricing ±11.0% while EPR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.1%

Calls (9K)P/C Ratio: 0.76Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 12 of 30 (40%)

This setup has occurred 30 times across Real Estate in the last 2 years. 12 of 30 faded and 18 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.7%, with a raw directional average of +0.9% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$758,905.00

13,691 sh

2 insiders

Net

$758,905.00

Net selling

Most Active Insiders· 3 open-market trades

SVP & Chief Accounting OfficerMater Tonya L.
$258,900.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If EPR beats expectations, history suggests a potential average one-day move of +0.07%, confirming the strength of its business model.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary.

Miss

Should EPR miss expectations, history indicates an average one-day decline of -0.78%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on tenant retention rates and new leases signed.
2Management's outlook on the entertainment and recreation sectors.
3Insights into the impact of consumer spending trends on property performance.
4Discussion on any potential acquisitions or property developments.
5Comments on how the company is navigating current economic challenges.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well EPR is managing its costs and generating income.

N/A

Revenue

Revenue growth is crucial for assessing the overall health of the business and its ability to attract and retain tenants.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

EPR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.92%

Avg Stock Reaction

-0.03%

Last Quarter Recap

In Q1-2026, EPR reported an EPS of $1.26, exceeding expectations by 4.3%. Despite this positive surprise, the stock saw a modest increase of 0.61% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If EPR continues its trend of beating EPS estimates, it could signal robust demand for its properties and effective management, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak revenue guidance, it could lead to a decline in investor confidence and a drop in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given EPR's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What insights can management provide regarding revenue growth and tenant demand?

Understanding revenue trends and tenant demand will be critical for assessing the company's future performance and stability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate EPR's ability to leverage its specialized properties effectively, leading to stronger-than-expected revenue growth.

Supporting Evidence

EPR has consistently beaten EPS estimates, suggesting operational strength.

The options market is pricing a larger move than historical averages, indicating potential volatility.

Insider selling could signal confidence in the company's future performance despite the current stock price.

Key Risk

If revenue growth exceeds expectations, it could shift the narrative toward a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers on whether EPR can maintain its profitability and revenue growth amid changing market conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating continued strong performance.

Bear Confirmed If

An EPS below $1.20 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±11.04%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 11% in either direction, indicating heightened uncertainty ahead of the earnings report.

Options are pricing ±11.0% while EPR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

18.1%

Calls (9K)P/C Ratio: 0.76Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 12 of 30 (40%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$758,905.00

13,691 sh

2 insiders

Net

$758,905.00

Net selling

Most Active Insiders· 3 open-market trades

SVP & Chief Accounting OfficerMater Tonya L.
$258,900.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If EPR beats expectations, history suggests a potential average one-day move of +0.07%, confirming the strength of its business model.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest management's commentary.

Miss

Should EPR miss expectations, history indicates an average one-day decline of -0.78%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on tenant retention rates and new leases signed.
2Management's outlook on the entertainment and recreation sectors.
3Insights into the impact of consumer spending trends on property performance.
4Discussion on any potential acquisitions or property developments.
5Comments on how the company is navigating current economic challenges.