EXHIBIT 99.1

           ENTERTAINMENT PROPERTIES TRUST ANNOUNCES EXECUTIVE CHANGES
 CFO to retire; two promoted as company broadens resources to enable continuing
                                     growth

KANSAS CITY, Mo., June 2, 2006 -- Entertainment Properties Trust (NYSE:EPR),
today announced a series of management changes, including the retirement of its
chief financial officer and the promotion of two executives to accommodate the
company's growth strategy.

Fred Kennon, who has been CFO since 1999, has decided to retire from
Entertainment Properties Trust. Gregory K. Silvers, an executive with the
company since 1998, has been given the additional responsibility of chief
operating officer. Mark A. Peterson, who joined the company in 2004, has been
named vice president, chief financial officer and treasurer.

The changes are effective June 30, 2006, said David M. Brain, president and
chief executive officer.

"We have the deepest respect and gratitude for the contributions Fred Kennon has
made to this company. His performance has set a high bar," Brain said. "Mark
Peterson's performance with the company over the past two years leads us to
expect nothing less from him." Brain said that although Kennon is retiring, he
will remain available to the company as a consultant.

Brain said Kennon and Peterson have worked side-by-side for the past two years
developing Peterson's knowledge of the company's operations.

"As our success and our company have grown, the company's executive leadership
requirements have evolved and increasingly must be fully focused on our
investment strategy of acquiring, financing and leasing high quality destination
properties with sustainable consumer demand," Brain said. "We are implementing
today a cohesive, planned expansion of our management resourcefulness to sustain
our company as an industry leader."

Silvers has been the company's vice president, general counsel and secretary
since 1998 and chief development officer since 2001. From 1994 to 1998, he
specialized in real estate law with the Kansas City law firm of Stinson,
Morrison Hecker, L.L.P. He received his law degree from the University of Kansas
in 1994.

"Greg's appointment to chief operating officer is a testimony to the significant
contributions he has made to our company," Brain said. "We treasure his guidance
and counsel and will increasingly rely on him as we continue on a course of
success in our markets."

Before joining Entertainment Properties Trust as vice president for accounting
and administration, Peterson was vice president of accounting and finance at
American Italian Pasta Co., a publicly traded food manufacturer, from 1999-2004.
He was chief financial officer of J.C. Nichols Co., a real estate company
headquartered in Kansas City from 1995 until its acquisition by Highwoods
Properties Inc. in 1998. For nine years prior to that, Peterson worked in senior



audit positions for accounting firms Arthur Andersen & Co. and Donnelly Meiners
Jordan and Kline. He received a bachelor's degree with highest honors from the
University of Illinois in 1986 and is a CPA.

"The talents of Greg, Mark and Fred have made Entertainment Properties Trust
very successful as an innovative investor in real estate," Brain said. "With
these announcements, we affirm the value that Greg and Mark have brought to the
company, and have the greatest confidence in their continued leadership. While
our relationship with Fred is changing from executive to consultant, we look
forward to continuing to tap his considerable expertise and experience."

ABOUT ENTERTAINMENT PROPERTIES TRUST

Entertainment Properties Trust is a real estate investment trust (REIT) and is
the largest owner of entertainment related real estate in North America, owning
megaplex movie theatre properties, entertainment retail centers and other
specialty properties in metropolitan markets in the United States and Canada.
Since November of 1997, Entertainment Properties Trust has acquired more than
$1.4 billion of properties. The company's common shares of beneficial interest
trade on the New York Stock Exchange under the ticker symbol EPR.

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