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EPR Losing Millions On Wineries & Vineyards It Can’t Sell

November 7, 2012 | Filed under Featured Articles | Posted by

Entertainment Properties Trust (NYSE: EPR) continues to lose millions on its remaining winery and vineyard properties as it struggles to divest them, according to the company’s latest 10Q quarterly report to the Securities and Exchange Commission for the period ending Sept. 30.

But because those properties are now worth substantially less than it paid for them, the company has been forced to take millions in impairment charges.

Exactly how much value has decreased for any specific property is impossible to determine because EPR’s public filings continue to be fragmentary, incomplete and virtually incoherent.

And while Entertainment Properties Trust seems determined to keep the average investor confused and in the dark, sources tell Wine Industry Insight that it may have sold at least one of the properties that its 10Q says is not sold.

Wine Executive News subscribers please click here to read the complete article, tables and access the 10Q filing.

Also In This Article:

The full text of the following sections is available to subscribers of Wine Executive News.

  • THE INCOHERENT NONSENSE IN EPR’S 10Q

  • FULL TEXT, WINERY & VINEYARD SECTIONS

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PREVIOUS  ORIGINAL WINE INDUSTRY INSIGHT COVERAGE OF ENTERTAINMENT PROPERTIES TRUST &  ITS WINE INVESTMENTS

ENTERTAINMENT PROPERTIES TRUST

HAVENS WINE CELLARS (UNDER BILLINGTON MANAGEMENT)

COSENTINO WINERY (UNDER SOLDINGER MANAGEMENT)

EOS ESTATE

ASCENTIA WINE ESTATES

CARNEROS VINTNERS