Entertainment Properties Trust Announces Proposed Offering of Common Shares

KANSAS CITY, Mo.--(Business Wire)--
Entertainment Properties Trust (NYSE:EPR) today announced plans to file with the
Securities and Exchange Commission a supplement to its shelf registration
statement for the public offering of 4,500,000 of its common shares of
beneficial interest. The Company also expects to grant the underwriters an
over-allotment option to purchase an additional 675,000 common shares.

J.P. Morgan Securities Inc. and RBC Capital Markets Corporation are acting as
joint book running managers for the offering. Citigroup Global Markets Inc.,
Barclays Capital Inc., KeyBanc Capital Markets, Inc. and FBR Capital Markets &
Co. are acting as co-managers for the offering.

The net proceeds from the offering are expected to be used for general business
purposes, which may include funding the acquisition, development or financing of
properties or the repayment of debt. Pending application of the net proceeds to
such uses, the Company expects to use the net proceeds to reduce indebtedness
under its revolving credit facility and to invest any remaining net proceeds in
interest-bearing securities which are consistent with the Company`s
qualifications as a real estate investment trust.

The offering will be made under an automatic "shelf" registration statement
filed under the Securities Act of 1933, as amended, and previously declared
effective by the Securities and Exchange Commission. The offering is being made
solely by means of a prospectus. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state in which such offer, solicitation, or sale
would be unlawful.

Copies of the prospectus supplement and the related prospectus for the offering
may be obtained from J.P. Morgan Securities Inc. c/o Broadridge Financial
Solutions, 1155 Long Island Ave. Edgewood, New York, NY 11717, (631) 254-1735,
or the offices of RBC Capital Markets Corporation at Three World Financial
Center, 200 Vesey Street 9th Floor, New York, NY, 10281, (212) 428-6670.

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 $2.5 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.

Entertainment Properties Trust
Jon Weis, 888-EPR-REIT

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