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EPR Properties (NYSE:EPR) has declared its monthly cash dividend of $0.285 per common share, payable on June 17, 2024, to shareholders of record as of May 31, 2024. This results in an annualized dividend of $3.42 per common share.
EPR Properties is a leading diversified experiential net lease real estate investment trust (REIT) with $5.7 billion in total assets, including $1.4 billion in accumulated depreciation, spread across 44 states. The company specializes in properties that offer leisure and recreation experiences. It adheres to strict underwriting and investing criteria, focusing on cash flow standards at the industry, property, and tenant levels. The company aims to provide stable and attractive returns through its focused investment strategy.
EPR Properties reported its first-quarter 2024 results, showing total revenue of $167.2 million, net income of $56.7 million, FFOAA of $85.7 million, and AFFO of $85.7 million. The company executed investments totaling $85.7 million, increased its monthly dividend, and confirmed its 2024 guidance. With a strong liquidity position and a focus on experiential assets, the company remains disciplined in uncertain times.