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) March 20, 1998
(March 16, 1998)
ENTERTAINMENT PROPERTIES TRUST
(Exact name of Registrant as specified in its charter)
Maryland 43-179877
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
Incorporation)
One Kansas City Place
1200 Main Street, Suite 3250, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816) 472-1700
_________________________________________________________________
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
Entertainment Properties Trust (the "Company") issued a
press release on March 16, 1998, a copy of which is attached
hereto as Exhibit 99 and is incorporated herein by reference,
announcing the first quarter dividend for 1998.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits. The following Exhibits are filed with this
report:
Exhibit No. Description
99 Press Release, issued March 16, 1998.
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/ R. Scott Christian
R. Scott Christian, Treasurer
Date: March 20, 1998
EXHIBIT 99
PRESS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: Jonathan B. Weis
Director of Corporate Communications
Entertainment Properties Trust
(816) 472-1700
Joe Keenan, Sturges + Word
(816) 221-7500
ENTERTAINMENT PROPERTIES TRUST ANNOUNCES
FIRST QUARTER DIVIDEND FOR 1998
KANSAS CITY, Mo. (March 16, 1998) -- Entertainment
Properties Trust (NYSE:EPR), a Real Estate Investment Trust
(REIT) that owns entertainment-related properties, announced
today that its Board of Trustees has approved a cash dividend of
$5,544,040.00, or $.40 cents a share for the first quarter of
1998. The record date for the dividend is March 31, 1998. The
dividend is payable April 10, 1998, to shareholders of record.
Entertainment Properties Trust is a Real Estate Investment
Trust whose principal business strategy is to acquire and develop
a diversified portfolio of high-quality properties leased to
major entertainment-related business operators. The company's
common stock is traded on the New York Stock Exchange under the
ticker symbol EPR.
Other than historical information, this press release may include
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995 and identified by words such as
"continue," "believe," "may," "hope," "anticipate," "goal,"
"forecast" or comparable terms. The Company's actual financial
condition, results of operations or business may vary materially
from those contemplated by such forward-looking statements and
involve various risks and uncertainties, including the Company's
initial dependence on a single tenant and lease guarantor for its
revenues and ability to make distributions, potential conflicts
of interest, competition from other entities providing capital to
the entertainment industry, dependence on key personnel,
operating risks in the entertainment industry that may affect the
operations of the Company's tenants, tax risks, interest rates
and availability of debt financing, real estate investment risks
and other risks and uncertainties. Investors are cautioned not
to place undue reliance on such forward-looking statements, and
are encouraged to review the risk factors identified in the
company's prospectus dated November 18, 1997, and in the
Company's reports filed with the Securities and Exchange
Commission.
