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EPR Properties Stock Price: Quote, Forecast, Splits & News (EPR)

Perplexity Finance

Company Profile

EPR Properties Price & Performance (EPR)

Stock Performance

Updated Apr 21, 7:05 PM UTC

EPR Properties

$48.70USD

-$0.57 (-1.16%)

Open

$46.31

Market Cap

$3.70B

Year High

$54.25

High

$49.44

P/E Ratio

30.4

Year Low

$39.87

Low

$48.37

Dividend Yield

7.04%

Volume

220.43K

Latest News

Bank of Montreal Increases Position in EPR Properties Amid Dividend Growth
today
Bank of Montreal has expanded its stake in EPR Properties as the REIT continues to attract institutional investors. EPR recently declared a $0.295 per share monthly dividend, yielding 7.3%. Analysts are divided, with ratings ranging from 'sell' to 'strong buy' and a consensus price target of $51.123
Analyst Consensus Holds Steady on EPR Properties as Earnings Date Approaches
today
EPR Properties maintains an average analyst rating of 'Hold,' with a 12-month price target of $50, reflecting cautious optimism. The company’s next earnings report is scheduled for May 7. Recent performance has outpaced both the specialized REIT sector and the broader market over the past year.413
Dividend Announcement Reinforces EPR Properties’ Yield Appeal for Investors
Apr 15, 2025
EPR Properties has confirmed a monthly dividend of $0.295 per share, payable May 15 to shareholders of record as of April 30. This payout maintains a robust annualized yield above 7%, highlighting EPR’s continued emphasis on shareholder returns despite mixed revenue and earnings trends.562

What's Happening

Peers

Earnings

Report Date

—

Rev Estimate

—

Avg 1d Change

2.31%

Report Period

Q1 2025

EPS Estimate

—

Implied Move 1d

—

Transcript

4m 7s

All these effects are of course well explained in the report in the presentation, but before we dive into the details and the complexity, I will try to give you like a two minute elevated pitch on the quarter. The overall headline for the group is increased sales and lower EBIT. That is, of course, not the headline you want. But there are some valid reasons for that. Starting with the market volatility. The currency market has been extremely volatile over the last couple of weeks. And that has impacted the unrealized losses we have on currency hedging. That really led to a loss of SEK34 million in the first quarter compared to a profit of SEK 19,000,000 last year. And thus that explains NOK 53,000,000 of the change in EBIT compared year over year to last year. In Norway, we see continued very good performance in the market. We have a sale growth of 1.2% and when we adjust for the late Easter, the underlying growth is 5% to 6%, which is strong in the retail market. Also adjusting for the unrealized currency effects, we see the continued improved gross margin, just like we saw in the fourth quarter So the good performance we had at the end of last year has continued into 2025 for Norway, and that is very satisfying to see.

5m 32s

Increase in sales at better gross margins. The segment Sweden is impacted by the late Easter and the currency effects just like but that does not fully explain the deviations in sales and profits compared to last year. Europea is in the turnaround process. And this quarter, we have focused on and completing the clearance sales in order to prepare for the full first full modernizations of categories with new product ranges that will be completed now in the second quarter. We have also taken on some integration costs and also cost in relation to the implementation of a new ERP system in Sweden. Customer traffic is still low, and we need to improve the customer experience and speed in order to drive more traffic. And that will come and those investments we are making right now will pay off later on. So with that introduction, I will jump into the details. Group sales was NOK 2,900,000,000.0, an increase of 45% from last year. And EBIT ended at minus 37,000,000. Stina will dive more into the details later on and explain both the segments and the group figures. I will pay some attention to the currency fluctuations we have seen in the market over the past weeks.

6m 58s

That has been his in historic terms, it has been very significant. And, of course, when we have a six month currency hedging strategy, we have a lot of forward contracts where we buy dollars and also euros on contract. And when the currency then when the NOK and the SEK appreciate compared to dollar and euros, We get initially a loss on these contracts, but long term, it's positive to have a stronger NOK for the cost of goods sold for Europris. But it will take time to realize as we have the six month hedging strategy we also need to do the inventory turnover. But the volatility in the market explains itself. If you have closed the books today, there results would have been quite different from what we saw when we closed the book at the March. So we would just adapt and follow these market changes quite, you know, intense. Segment Norway, talked about that. That has a very positive trend. We see increased footfall and late Easter this year has an impact on the sales and also it was a leap year last year. So we have one less calendar day in the first quarter.

8m 11s

We have opened three new stores, all at central locations, one in Kristiansand and two in the Greater Oslo area. And this is part of the strategy we have for new stores to establish more stores in the large cities. And we are seeing very good results from these new store openings. And actually, right now, at 09:00 today, we are opening another new store in Larvik. So we are progressing good with expanding the footprint of Europris in Norway. We also closed one of the three stores we had in for commercial reasons. This quarter, we have upgraded the Home and Interior category, which is still very important for us. That is high margin category and also a category that drives more seasonal sales. So it's important for us to be successful in that. We have had a very very good start. And we're also leveraging on social media trends. And have sold Dubai chocolate at the lowest price in the market and also at the highest volume. So we are also trending on TikTok these days. IT platforms might, you know, sound a little bit boring. But when we presented that to the Capital Market Update back in 2022, we said that we should fully modernize the IT platform of Europris.

9m 35s

And that journey has now actually been completed. Over the past couple of years, we have introduced a new data platform with a business intelligence system. We have implemented a new ERP system in Norway, and we have also introduced a new point of sale system for all the And that is tremendous job that has been done. It has been completed on time and on budget and without any disruption to the business. And now in the first quarter, we have also implemented new ERP system in Sweden that is the same system as we have in Norway, but it's cloud based. And that's impressive effort to have have completed that on time and budget by the organization in Sweden. Of course, with support from Norway, but it's a great job to complete that shift in just a year. And the next in line is supply chain. And of course, a modern IT platform and harmonized systems across the borders will support giving us more efficient operation of the group and working as one entity in the future. That has, of course, also enabled us to report early. We are early out with reporting, just a little bit more than a week into the new quarter.

10m 45s

And we have been able to do that because we have harmonized the systems across the two countries. Moving to Sweden. Europay integration is progressing according to plan. It is a turnaround process, and it will take time as expected. And as I said in my introduction, we have focused on clearance sales now in the first quarter, and that is very important that we are improving the quality of the inventory. Clearing out all the old goods, so we are prepared to take on new upgraded product range in the categories we are implementing now in the second quarter. But sales has cannibalized on normal sales and then also given us a lower gross margin in the period. In the second quarter, we will upgrade the Kitchen category, the Home and interior category, just like we've done in Norway recently. And the DIY category. And there, we will introduce the exact same assortment and product range as we have in the Europris store. So these are actually the first full test of category modernizations in Europea. More category upgrades will follow in the second quarter and into 2026. And the first full store remodeling will be completed before summer, and we will follow-up with some more test stores during the autumn.

12m 8s

And all these changes are expected to gradually improve sales and profits in [indiscernible] We maintained our high ambition for Europea. We should grow the revenues to 5,000,000,000 with a 5% EBIT margin in 2020 and that will be achieved through harmonizing the categories and doing joint sourcing. And that work is well on schedule and really progressing as planned. Improving the customer experience, I that is actually the most important thing. We need to regain some of the lost customers over time. And get new customer traffic into the stores, and that be done before we are actually improving the customer experience. So remodeling the stores will be extremely important to get these effect of new customers coming. And of course, we will strengthen the execution across the value chain And in there, we talk about the IT projects we're doing and harmonizing the work we're doing on campaigns and so on. With that, I will leave the stage to Stina to give you the financial details.

13m 17s

Thank you, Espen. I will not spend too much time commenting on the group figures as they do not meaningfully compare to last year since Europay was not included before May. I would like to emphasize that when we are commenting on organic change, we have adjusted for the acquisition of Europea. And as organic figures matches those of segment Norway, I will come back to this when I cover the development for that segment. Group sales were adversely impacted by a later Easter this year. And also for one less calendar day as 2024 was a leap year. The gross margin was negatively impacted by unrealized currency effects. Where the group recorded an unrealized loss of SEK34 million this year compared to an unrealized gain of $19,000,000 last year. The group reported an EBIT loss of 37,000,000 And the main explanations were the inclusion of Europea, and the mentioned unrealized currency effects. Net profit to parent was negative with SEK80 million compared to a positive net profit of SEK47 million last year. Due to normal seasonal fluctuations, cash flow from is negative in the first quarter. It was, however, more negative this year. At SEK $544,000,000 in minus. This was due to higher net working capital.

14m 46s

Following a planned inventory buildup in order to improve the service levels in the stores. And also higher seasonal inventories. I would like to underline that the inventory is healthy. And that the group will soon have finalized the clearance of obsolete stock in Sweden. Higher net working capital has been financed through increased use of credit facilities. And the net change in cash of minus SEK457 million was slightly less negative than last year. Net debt was $5,000,000,000 or $1.5 excluding lease liabilities. And cash and liquidity reserves were SEK1.4 billion. Sales for segment Norway were SEK 2,100,000,000.0 up 1.2%. The gross margin was 42.9%, down 0.4 percentage points, but up 1.7 percentage points if we adjust for the mentioned unrealized currency effects. The OpEx to sales ratio increased to 30.5% but adjusted for a later Easter, it would have been more in line with last year and the OpEx is under control. EBIT was $78,000,000 down 29,000,000 but would have shown an increase of $14,000,000 if we exclude the unrealized currency effects. Sales for the Europris chain were marginally lower than last year. But it was pleasing to see higher footfall despite the timing of Easter and one less calendar day.

16m 22s

Sales for the pure play companies were SEK145 million on a par with last year, but up 3.2% if we adjust for the divestment of Luniem. Lejkerkasten had sales growth in Norway and still Mecca had sales growth in its international markets. Sales in Europea were 900,000,000.0 The gross margin was 29.8%. Negatively impacted by a 10,000,000 unrealized currency loss and also clearance sales that cannibalized on other sales. The clearance sale is an important part of preparing for the category upgrades and to improve the health of the inventory. And it will be finalized during the second quarter. Europea recorded an EBIT loss of $115,000,000 The ERP project is expensed as OpEx and not capitalized as this is a cloud based system. And this impacted with SEK8 million in the first quarter. And if we compare the performance in Europea to last year, prior to our own ownership period, some of the sales decline is explained by a later Easter and one less calendar day, but also footfall was down. It will take some time before new customer segments are expected to their way back to the stores. And the group's main priority is delivering on the integration plan.

17m 45s

Higher OpEx was also impacted by wage growth vacant positions last year and costs related to the integration plan. In summary, this explained the weaker results compared to last year. And with that, I will hand it back to Espen to go through the outlook.

18m 9s

Thank you, Stina. It's time to summarize and also look at our perspective for the future. Of course, the market is extremely volatile these days and the geopolitical climate for international trade and cooperation is really in uncharted territory. And the group monitors this situation closely. We entered this year with a very positive consumer outlook that we have seen higher real wages in '24 expected the same for 2025. I think that is still the case. We have seen lower interest rates in Sweden, but the expected cuts in Norway has been postponed. So it's a little bit more uncertain than it was some months ago. But I think that we are well positioned in this prevailing macroeconomic conditions. And of course, selling everyday products that everyone needs at low prices is a good place to be in in the current environment. We are well positioned for the spring and summer season that is coming up. And of course, we already see that the spring has arrived early this year. Which is positive for sales. The turnaround progress for Europea is going as planned. And we remain confident that we will be able to grow sales to SEK 5,000,000,000 and also achieve the SEK 5 percent EBIT margin by 2028.

19m 29s

And with that, I will invite Stina back on stage, and we will open up for questions. So Tina, we will start with questions in in the room before we go to the web. Okay. Filipe Hercke, Pareto here. Just one question on Europris.

19m 46s

Could you give some color on the footfall effects from the clearance sales you are now doing in Europo? Any positive effects, negative effects? However, how is consumers reacting to those?

19m 57s

I I don't think that the clearance sales had an impact on footfall actually. So what we are seeing is that Europris, we are slightly moving the product mix towards more non food, and and we see that it has been a very strong concept. For for groceries. And in that shift, we need to balance this performance between groceries and nonfood maybe a little bit more carefully. So we've seen that when we're doing this shift towards nonfood, we are not a destination for nonfood yet. We will be there, but it will take some time.

20m 33s

Okay. And if it's okay, will just take another run as well. Highlighted a bit mild winter here in Norway. And negatively affecting sales of winter products and positively affecting sales of spring products, you touched upon it. Are there any negative effects from from, call it, from an inventory perspective with softer winter sales during this Q1? And do we should we see any clearance sales in Norway?

21m

No, you should not see that. We actually have a quite good inventory, and the inventory increase we have seen is actually on more basic goods and essentials. So we are actually not worried about the inventory levels. Okay.

21m 13s

And one last one. Can you just give the private label share in the quarter?

21m 18s

This is Tina's domain.

21m 19s

Yes. It's not very different from from last year. It's it's 0.4 percentage point difference. So it's where it has been. Almost.

21m 30s

Thank you.

21m 35s

Then we start with the questions from the web.

21m 38s

The first one is Ole Martin Wesker, DNB. Was the like for like growth in Sweden?

21m 45s

It's in Sweden, we compare in SEK to last year, sales development was negative with 7.3%.

21m 55s

What was the development in prices and volumes in Norway?

21m 59s

Well, footfall was up and the basket was slightly down, but all the numbers also impacted by a later Easter So I think all of these questions will be even more relevant when we cover the second quarter reporting. And what was the private label? It has been answered. And the grocery share in Norway in the quarter. And do you have the correspondent figures for Sweden?

22m 23s

Again, I think we'll come back to that in second quarter presentation because the Easter has a significant impact on the numbers. But we have had higher sales growth for the non food and compared to consumables, and this will then change again when we have finalized the Easter.

22m 42s

You mentioned in Q4 that you saw increased competition from grocery December. How did this develop in Q1?

22m 49s

Akcea is a not increased. We still see that especially for Easter products these we see that it's more competitive on chocolate and candy products for the seasons. So that is the same as what we saw in the fourth quarter. But besides that, we haven't seen any increase in competition from from from groceries. The the market is basically the same.

23m 12s

Status on the freight agreement renewal?

23m 15s

We have renewed a contract for this year. We have competitive rates. We are not going to disclose the rates, but we have completed good negotiation and know that we have rates that are very favorable in the market.

23m 29s

And the last one from Ole Martin. How much has the total ERP investment in Sweden been so far? 27,000,000 The next question is from Hakon Nelson, Kepler Cheuvreux. Around 30% of your goods are sourced from China. Often priced in U. S. Dollar. In light of the new U. S. Tariffs on Chinese imports? Which could broadly impact Chinese exporters. Do you see this potentially increasing Europris' bargain power with Chinese suppliers, particularly in terms of pricing and terms?

24m 5s

I think it's too early to really, you know, be firm on that. But, know, theoretically, yes, it should open up for new Europris. But of course, it's also difficult when you are buying for someone that is making losses. So it's it is a delicate situation, and I think we need to just monitor this closely and you know, follow the markets.

24m 28s

And then Hock on Fuglue, SEB. Are you seeing any changes in consumer And how will this develop in 2025?

24m 38s

Have actually not seen any big change in the consumer behavior. I think we saw that at least the retail statistics confirmed that the fourth quarter in Norway was strong. We've seen the same from the figures we have from SSB in January and February this year. And also the shopping center statistics confirms that the sales has been good. So I think it's actually consumer spending has been high in Norway and actually increasing from from last year.

25m 10s

And how do you expect Easter sale to develop in Q2 given the early spring I think it will be fantastic. It's always blessing to have a late Easter. And when you get the nice weather as well, you you get, you know, a boost start to the spring season during that period.

25m 29s

Next one is Petenistra AVG. Despite clearance sales in Europea, sales were down over 7% year on year in Q1. Are you surprised that sales declined percent? Or is this largely in line with your expectations?

25m 47s

I think that's a very good question. Are not that familiar with how the Easter effects applies to Sweden. But overall, as we've said, the Easter effect is not fully explained the variation we have in sales. So we have seen a lower traffic. And I think that the concept over time has, you know, lost its power in the market to attract So we need to improve the customer experience rebuild remodeling the stores, improving the categories, and build a new platform, you It's not enough just to have low prices these days. Price is not enough. You need to offer the customers some value as well, and that is what we're trying to build into the concept, and we are sure that that will bring the customers back. But the customer loss in traffic has been higher than what we assumed when we started the process, but it's not critical.

26m 39s

On the gross margin for Norway, you say the product mix contributed positively to the margin development. Is this something we should expect will continue?

26m 49s

That's also a bit impacted by the timing of Easter and a higher share of non food. So let's come back to that one as well.

27m

Henriette Tronsson from Arctic. Could you give an estimate of the underlying gross margin in Europea if it had not been for the clearance sales? Also, will the clearance sale impact Q2 as well? To about the same degree?

27m 17s

Well, it's a bit hard because what it seems like is that people have the basket has remained rather stable, so they have kind of just swapped the products. I won't go into more details than that. But I do think that we will have a lower impact in the second quarter as we have now done this for a couple of quarters and have a lower remaining inventory of obsolete stock.

27m 44s

That was the last question from the web. Any more from the audience?

27m 52s

Thank you.

Key Insights

Group sales increased by 45% year-over-year to NOK 2.9 billion, but EBIT declined to a loss of NOK 37 million, mainly due to unrealized currency losses (SEK 34 million loss vs. SEK 19 million gain last year) and the inclusion of Europea.
Segment Norway showed strong underlying performance with sales up 1.2% (5-6% adjusted for late Easter), increased footfall, and improved gross margin when adjusted for currency effects; three new stores were opened, and IT modernization was completed on time and budget.
Europea is undergoing a turnaround with focus on clearance sales to prepare for category upgrades; sales were SEK 900 million with a gross margin of 29.8% and an EBIT loss of SEK 115 million, impacted by clearance sales and ERP implementation costs.
The group maintains its target to grow Europea revenues to SEK 5 billion with a 5% EBIT margin by 2028, driven by harmonized categories, joint sourcing, and store remodeling to improve customer experience and traffic.
Outlook remains cautiously optimistic despite market volatility and geopolitical uncertainty; the company is well positioned for the spring/summer season, expects positive effects from early spring, and sees no major changes in consumer behavior in Norway, with continued high consumer spending.

Recent Transcripts

Sales increased 45% but EBIT turned negative due to currency and integration costs.

EPR delivered 3.4% earnings growth in 2024 and raised its dividend 3.5%.

Strong Q4 performance in Norway, ongoing OBE integration, and increased dividend proposed.

42.5% (Q4), 41.7% (FY)

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$415M	$532M	$658M	$660M	$641M
Cost of Revenue	$59M	$57M	$56M	$57M	$59M
Gross Profit	$356M	$475M	$602M	$602M	$582M
Gross Profit %	86%	89%	91%	91%	91%
R&D Expenses	-$0.28	$0.19	$0.27	$0	$0

2020

2021

2022

2023

2024

Revenue

$415M

$532M

$658M

$660M

$641M

Cost of Revenue

$59M

$57M

$56M

$57M

$59M

Gross Profit

$356M

$475M

$602M

$582M

Gross Profit %

86%

89%

91%

R&D Expenses

-$0.28

$0.19

$0.27

Cash Flow

Net Income

	2020	2021	2022	2023	2024
Net Income	-$132M	$99M	$176M	$173M	$146M
Dep. & Amort.	$170M	$163M	$163M	$167M	$165M
Def. Tax	$15M	-$32M	-$169K	-$344K	-$1.5M
Stock Comp.	$15M	$15M	$17M	$18M	$0
Chg. in WC	-$85M	$30M	$37M	$1.9M	$0

2020

2021

2022

2023

2024

Net Income

-$132M

$99M

$176M

$173M

$146M

Dep. & Amort.

$170M

$163M

$167M

$165M

Def. Tax

$15M

-$32M

-$169K

-$344K

-$1.5M

Stock Comp.

$15M

$17M

$18M

Chg. in WC

-$85M

$30M

$37M

$1.9M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$1B	$289M	$108M	$78M	$22M
ST Investments	$0	$0	$6.7B	$0	$0
Cash & ST Inv.	$1B	$289M	$108M	$78M	$22M
Receivables	$489M	$455M	$514M	$637M	$754M
Inventory	$2.4M	$1.1M	$2.6M	$0	$0

2020

2021

2022

2023

2024

Cash

$1B

$289M

$108M

$78M

$22M

ST Investments

$6.7B

Cash & ST Inv.

$1B

$289M

$108M

$78M

$22M

Receivables

$489M

$455M

$514M

$637M

$754M

Inventory

$2.4M

$1.1M

$2.6M

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

Overview
Latest News
Earnings
Income Statement
Cash Flow
Balance Sheet
Related

Earnings

Report Date

—

Rev Estimate

—

Avg 1d Change

2.31%

Report Period

Q1 2025

EPS Estimate

—

Implied Move 1d

—

Transcript

4m 7s

5m 32s

6m 58s

8m 11s

9m 35s

10m 45s

12m 8s

13m 17s

14m 46s

16m 22s

17m 45s

18m 9s

19m 29s

19m 46s

Could you give some color on the footfall effects from the clearance sales you are now doing in Europo? Any positive effects, negative effects? However, how is consumers reacting to those?

19m 57s

20m 33s

21m

21m 13s

And one last one. Can you just give the private label share in the quarter?

21m 18s

This is Tina's domain.

21m 19s

Yes. It's not very different from from last year. It's it's 0.4 percentage point difference. So it's where it has been. Almost.

21m 30s

Thank you.

21m 35s

Then we start with the questions from the web.

21m 38s

The first one is Ole Martin Wesker, DNB. Was the like for like growth in Sweden?

21m 45s

It's in Sweden, we compare in SEK to last year, sales development was negative with 7.3%.

21m 55s

What was the development in prices and volumes in Norway?

21m 59s

22m 23s

22m 42s

You mentioned in Q4 that you saw increased competition from grocery December. How did this develop in Q1?

22m 49s

23m 12s

Status on the freight agreement renewal?

23m 15s

23m 29s

24m 5s

24m 28s

And then Hock on Fuglue, SEB. Are you seeing any changes in consumer And how will this develop in 2025?

24m 38s

25m 10s

25m 29s

25m 47s

26m 39s

On the gross margin for Norway, you say the product mix contributed positively to the margin development. Is this something we should expect will continue?

26m 49s

That's also a bit impacted by the timing of Easter and a higher share of non food. So let's come back to that one as well.

27m

27m 17s

27m 44s

That was the last question from the web. Any more from the audience?

27m 52s

Thank you.

Key Insights

Group sales increased by 45% year-over-year to NOK 2.9 billion, but EBIT declined to a loss of NOK 37 million, mainly due to unrealized currency losses (SEK 34 million loss vs. SEK 19 million gain last year) and the inclusion of Europea.
Segment Norway showed strong underlying performance with sales up 1.2% (5-6% adjusted for late Easter), increased footfall, and improved gross margin when adjusted for currency effects; three new stores were opened, and IT modernization was completed on time and budget.
Europea is undergoing a turnaround with focus on clearance sales to prepare for category upgrades; sales were SEK 900 million with a gross margin of 29.8% and an EBIT loss of SEK 115 million, impacted by clearance sales and ERP implementation costs.
The group maintains its target to grow Europea revenues to SEK 5 billion with a 5% EBIT margin by 2028, driven by harmonized categories, joint sourcing, and store remodeling to improve customer experience and traffic.
Outlook remains cautiously optimistic despite market volatility and geopolitical uncertainty; the company is well positioned for the spring/summer season, expects positive effects from early spring, and sees no major changes in consumer behavior in Norway, with continued high consumer spending.

EPR Properties Price & Performance (EPR)

Stock Performance

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Market Cap

Year High

High

P/E Ratio

Year Low

Low

Dividend Yield

Volume

Latest News

What's Happening

Peers

Earnings

Report Date

Rev Estimate

Avg 1d Change

Report Period

EPS Estimate

Implied Move 1d

Transcript

Key Insights

Recent Transcripts

Income Statement

Cash Flow

Balance Sheet

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Related

Go Deeper

Latest News

Recent Transcripts

Earnings

Report Date

Rev Estimate

Avg 1d Change

Report Period

EPS Estimate

Implied Move 1d

Transcript

Key Insights