Welcome to our dedicated page for EPR Properties news (Ticker: EPR), a resource for investors and traders seeking the latest updates and insights on EPR Properties stock.
EPR Properties (NYSE: EPR) is a specialty real estate investment trust (REIT) that focuses on investing in three primary segments: entertainment, recreation, and education. Unlike traditional REITs that are either highly diversified or highly specialized, EPR Properties maintains a unique approach by combining specialization within its chosen sectors with a level of diversification across these segments.
EPR Properties strategically invests in experiential properties in the United States and Canada. The company's experiential segment includes theaters, family entertainment centers, ski resorts, and other attractions, making up the majority of its revenue. In the education segment, EPR focuses on early childhood education centers and private school properties.
Led by an experienced management team, EPR Properties employs an independent assessment process to identify investment opportunities that might be overlooked by others. This strategy allows the company to distinguish between real and perceived risks, leveraging its deep understanding of segment drivers. EPR's knowledge-based approach, supported by thorough research, is a key strategic advantage.
Recent achievements include successful investments in high-quality locations and tenants with strong credit profiles. The company's projects are selected based on the value and opportunity within the respective industry and location quality. Current projects span various experiential and educational properties, reflecting EPR's commitment to growth and diversification.
Overall, EPR Properties stands out in the REIT market through its specialized yet diversified investment strategy, focusing on sectors with robust growth potential and stability.
EPR Properties (NYSE: EPR) has announced the election of John Peter (JP) Suarez as an independent trustee to its Board of Trustees, effective January 24, 2025. Suarez brings significant retail real estate expertise from his role as Executive Vice President and Regional CEO at Walmart, where he led over 2,000 employees until his retirement in 2023.
Suarez's appointment was welcomed by EPR's Chairman and CEO Greg Silvers, who highlighted his valuable experience as a senior real estate executive from America's largest retailer. Suarez currently serves on the ICSC Board of Trustees and is a board member and Audit Committee member at Brixmor Property Group.
EPR Properties (NYSE: EPR) has scheduled its fourth quarter and year-end 2024 earnings release for Wednesday, February 26, 2025, at approximately 4:15 p.m. ET. The company will follow up with a conference call to discuss the financial results on Thursday, February 27, 2025, at 8:30 a.m. ET.
The conference call will be accessible via webcast through the company's Investor Center website. Participants are advised to join 10 minutes before the event starts, though registration and access are available at any time. A replay of the webcast will be available on the company's website after the event.
EPR Properties (NYSE: EPR) has released its 2024 tax reporting information for shareholder distributions. For common shares, the total distributions amount to $3.39 per share, with 74.043% ($2.510064) classified as taxable ordinary dividends and 25.957% ($0.879936) as non-taxable return of capital.
For Series C 5.75% Cumulative Convertible Preferred Shares, total distributions are $1.714412 per share, including cash distributions of $1.4375 and non-cash distributions of $0.276912. Series E 9.00% Cumulative Convertible Preferred Shares received total distributions of $2.25 per share, while Series G 5.750% Cumulative Redeemable Preferred Shares received $1.4375 per share.
EPR Properties (NYSE:EPR) has announced its monthly cash dividend for common shareholders. The company will pay $0.285 per common share on February 18, 2025, to shareholders of record as of January 31, 2025, representing an annualized dividend of $3.42 per common share.
EPR Properties is a leading diversified experiential net lease REIT focusing on leisure and recreation properties. The company maintains total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.5 billion) across 44 states. Their business model centers on properties where consumers spend discretionary time and money, with strict adherence to underwriting and investing criteria based on industry, property, and tenant cash flow standards.
EPR Properties (NYSE:EPR) has announced its dividend distributions. The company declared a monthly cash dividend of $0.285 per common share, payable January 15, 2025, representing an annualized dividend of $3.42 per share. Additionally, quarterly dividends were declared for preferred shareholders: 5.75% Series C at $0.359375 per share, 9.00% Series E at $0.5625 per share, and 5.75% Series G at $0.359375 per share, all payable January 15, 2025.
EPR Properties is a diversified experiential net lease REIT with total assets of approximately $5.7 billion across 44 states, focusing on leisure and recreation properties where consumers spend discretionary time and money.
EPR Properties (NYSE:EPR) has announced its monthly cash dividend of $0.285 per common share, payable December 16, 2024, to shareholders of record on November 29, 2024. This represents an annualized dividend of $3.42 per common share. EPR Properties is a diversified experiential net lease REIT with total assets of approximately $5.7 billion across 44 states, focusing on leisure and recreation venues where consumers spend discretionary time and money.
EPR Properties reported Q3 2024 financial results with total revenue of $180.5M, down from $189.4M in Q3 2023. Net income available to common shareholders was $40.6M ($0.53 per share), compared to $50.2M ($0.66 per share) in Q3 2023. The company secured a new $1.0B revolving credit facility maturing in October 2028 and invested $82.0M during Q3, bringing year-to-date investment to $214.6M. EPR narrowed its 2024 FFOAA guidance to $4.80-$4.92 per share, representing a 3.2% increase at midpoint over 2023. The company maintains strong liquidity with $35.3M cash on hand and $169.0M outstanding on its credit facility.
EPR Properties (NYSE:EPR), a leading diversified experiential net lease REIT, has announced its monthly cash dividend for common shareholders. The Board of Trustees has declared a dividend of $0.285 per common share, payable on November 15, 2024, to shareholders of record on October 31, 2024. This represents an annualized dividend of $3.42 per common share.
EPR Properties specializes in select enduring experiential properties in the real estate industry, focusing on venues that facilitate out-of-home leisure and recreation experiences. The company has total assets of approximately $5.6 billion (after accumulated depreciation of about $1.5 billion) across 44 states. EPR adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards.
EPR Properties (NYSE: EPR) has announced its schedule for the third quarter 2024 earnings conference call. The company will release its financial results on Wednesday, October 30, 2024, after the market closes at approximately 4:15 p.m. ET. Following this, management will host a conference call to discuss these results on Thursday, October 31, 2024, at 8:30 a.m. ET.
The conference call will be accessible via webcast through the company's website. For those preferring audio-only access, registration is required to receive dial-in information. Participants are advised to join 10 minutes before the event starts. A replay of the webcast will be available on the company's website after the call.
EPR Properties (NYSE: EPR) has announced a new $1.0 billion unsecured revolving credit facility, replacing its existing facility and maturing on October 2, 2028. The new facility includes an 'accordion' feature that allows for a potential increase to $2.0 billion, subject to lender consent. Key improvements include:
1. Generally reduced interest rates on outstanding loans
2. Elimination of the tangible net worth covenant
3. Modified secured debt to total asset value covenant
4. Simplified asset valuation method
The facility offers two six-month extension options and is expected to be used for general business purposes, including acquiring experiential properties. EPR's President and CEO, Greg Silvers, stated that the new facility provides enhanced borrowing flexibility and more favorable terms, strengthening the company's financial foundation.