-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NfFd9pziKYHRPYlARg3pjICh/JEuaU/C0mDMpHSlAB4I4FAMZlRxBbnHbY72zTU6 K8azY+HEfFVK0r35T0VDTQ== 0001193125-10-138392.txt : 20100614 0001193125-10-138392.hdr.sgml : 20100614 20100614085755 ACCESSION NUMBER: 0001193125-10-138392 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100614 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100614 DATE AS OF CHANGE: 20100614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERTAINMENT PROPERTIES TRUST CENTRAL INDEX KEY: 0001045450 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 431790877 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13561 FILM NUMBER: 10893787 BUSINESS ADDRESS: STREET 1: 30 PERSHING RD STREET 2: STE 301 CITY: KANSAS CITY STATE: MO ZIP: 64108 BUSINESS PHONE: 8164721700 MAIL ADDRESS: STREET 1: 30 W. PERSHING ROAD STREET 2: SUITE 201 CITY: KANSAS CITY STATE: MO ZIP: 64108 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 14, 2010

 

 

Entertainment Properties Trust

(Exact name of registrant as specified in its charter)

 

 

 

Maryland

(State or other jurisdiction of

incorporation)

 

001-13561

(Commission

File Number)

 

43-1790877

(I.R.S. Employer

Identification No.)

30 West Pershing Road, Suite 201

Kansas City, Missouri 64108

(Address of principal executive office)(Zip Code)

(816) 472-1700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 7.01. Regulation FD Disclosure.

On June 14, 2010 the Company issued a press release announcing theatre acquisitions, lease renewals and a winery transaction. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1, the text of which is incorporated by reference into this Item 7.01.

The information in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

Number

 

Description

99.1   Press Release dated June 14, 2010 issued by Entertainment Properties Trust


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ENTERTAINMENT PROPERTIES TRUST
  By:  

/s/ Mark A. Peterson

    Name:   Mark A. Peterson
    Title:   Vice President, Treasurer and Chief Financial Officer
Date: June 14, 2010      


INDEX TO EXHIBITS

 

Exhibit

 

Description

99.1   Press Release dated June 14, 2010 issued by Entertainment Properties Trust
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

Entertainment Properties Trust Announces Theatre Acquisitions, Lease Renewals, and Winery Transaction

Kansas City, MO. June 14, 2010—Entertainment Properties Trust (NYSE:EPR) today announced that it has completed the acquisition of the real estate and improvements associated with twelve theatres for a purchase price of approximately $124 million. The portfolio properties are located in Colorado, California, Indiana and Texas and consist of 192 screens on approximately 139 acres. All of the theatres are leased to Cinemark U.S.A., Inc. pursuant to triple-net, cross-defaulted leases.

Cinemark USA, Inc., is a leading domestic and international motion picture exhibitor, operating 423 theatres with 4,884 screens in 39 U.S. states, one Canadian province, Brazil, Mexico and 11 other Latin American countries as of March 31, 2010.

The Company also received notification from AMC Entertainment, Inc., that it intends to exercise the extension options on three theatres in southern California: Mission Valley 20 in Orange County, the Promenade 16 in Woodland Hills and the Ontario Mills 30 in Ontario. The company has entered into a letter of intent with another operator for the renovation and re-lease of the Grand 24 in Dallas, Texas, which AMC elected not to renew.

Finally, the Company announced that it has entered into a contract to sell the former Havens Winery property in Napa, California for approximately $6.5 million. All material conditions to closing have been satisfied or waived, and the transaction is expected to close before the end of the second quarter of 2010.

David Brain, Chief Executive Officer of Entertainment Properties Trust, commented, “We are excited about expanding our existing relationship with Cinemark, and we look forward to growing the relationship in the future. At the same time, we are pleased to receive the expected extensions on three of the four maturing AMC leases, and we are looking forward to rejuvenating the historic Grand 24 property with a new tenant. Both the three renewals and the strong interest in the Grand 24 from other operators demonstrate the underlying value of EPR’s real estate portfolio.”

About Entertainment Properties Trust

Entertainment Properties Trust (NYSE: EPR) is a real estate investment trust (REIT) that develops, owns, leases, and finances properties for consumer-preferred, high-quality businesses. EPR’s investments are guided by a focus on inflection opportunities that are associated with or support enduring uses, excellent executions, attractive economics, and an advantageous market position. The Company’s total assets exceed $2.8 billion and include megaplex movie theatres and entertainment retail centers, as well as other destination recreational and specialty investments.


CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS

With the exception of historical information, certain statements contained or incorporated by reference herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements may refer to our financial condition, results of operations, plans, objectives, acquisition or disposition of properties, future expenditures for development projects, capital resources, future financial performance and business. Forward-looking statements are not guarantees of performance. They involve numerous risks, uncertainties and assumptions. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as “will be,” “continue,” “hope,” “goal,” “forecast,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans” “would,” “may” or other similar expressions contained or incorporated by reference herein. In addition, references to our budgeted amounts are forward looking statements. These forward-looking statements represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Many of the factors that will determine these items are beyond our ability to control or predict. For further discussion of these factors see “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K and, to the extent applicable, our Quarterly Reports on Form 10-Q.

For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date hereof or the date of any document incorporated by reference herein. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances after the date hereof.

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