KANSAS CITY, MO (REIT Media) December 14, 2007 - Entertainment Properties Trust (NYSE:EPR) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.76 per share for its common shares for the fourth quarter of 2007. The dividend is payable January 15, 2008 to shareholders of record as of December 31, 2007.

The Company also declared dividends on its three outstanding issues of preferred stock:

• 7.75% Series B Cumulative Redeemable Preferred (NYSE:EPRprB) dividend of $0.484375 per share payable January 15, 2008 to shareholders of record on December 31, 2007
• 5.75% Series C Cumulative Convertible Preferred (NYSE:EPRprC) dividend of $0.359375 per share payable January 15, 2008 to shareholders of record on December 31, 2007
• 7.375% Series D Cumulative Redeemable Preferred (NYSE:EPRprD) dividend of $0.4609375 per share payable January 15, 2008 to shareholders of record as of December 31, 2007.

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 offer enduring values, excellent executions, attractive economics and an advantageous market position. Our total assets exceed $2 billion and include megaplex movie theatres and entertainment retail centers, as well as other destination recreational and specialty investments. Further information is available at www.eprkc.com or contact Jon Weis at 888-EPR-REIT or info@eprkc.com.

Entertainment Properties Trust
Jon Weis, 888-EPR-REIT
info@eprkc.com
www.eprkc.com