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 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.
EPR Properties (NYSE:EPR), a leading diversified experiential net lease REIT, has announced its latest dividend declarations. The company's Board of Trustees has declared a monthly cash dividend of $0.285 per common share, payable on October 15, 2024, to shareholders of record on September 30, 2024. This represents an annualized dividend of $3.42 per common share.
Additionally, EPR Properties has declared quarterly dividends for its preferred shareholders:
- 5.75% Series C Cumulative Convertible Preferred Shares: $0.359375 per share
- 9.00% Series E Cumulative Convertible Preferred Shares: $0.5625 per share
- 5.75% Series G Cumulative Redeemable Preferred Shares: $0.359375 per share
All preferred dividends are payable on October 15, 2024, to shareholders of record on September 30, 2024.
EPR Properties (NYSE: EPR) has announced the election of William P. (Liam) Brown to its Board of Trustees, effective September 6, 2024. Brown, currently serving as Group President U.S. & Canada at Marriott International, brings over 35 years of hospitality experience to EPR's board. In his role at Marriott, Brown oversees the development and management of a portfolio comprising 28 brands and over 6000 properties in the U.S. and Canada. Greg Silvers, Chairman and CEO of EPR Properties, expressed excitement about Brown's addition, highlighting the value of his extensive hospitality experience to the company's future vision and execution.
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 September 16, 2024, to shareholders of record on August 30, 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 across 44 states, after accumulated depreciation of about $1.5 billion. EPR adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards.
EPR Properties (NYSE:EPR) reported its Q2 2024 results, showing total revenue of $173,095,000 and net income available to common shareholders of $39,062,000. The company's FFOAA per diluted common share was $1.22, down from $1.28 in Q2 2023. EPR invested $46.9 million in Q2, bringing year-to-date investment to $132.7 million. The company maintains a strong liquidity position with $33.7 million cash on hand and no borrowings on its $1.0 billion credit facility. EPR reaffirmed its 2024 FFOAA guidance of $4.76 to $4.96 per diluted share and updated its disposition proceeds guidance to $60.0-$75.0 million. The company's portfolio remains 99% leased, with 93% in Experiential investments and 7% in Education investments.
EPR Properties (NYSE:EPR) has released its third annual Corporate Responsibility Report for 2023, highlighting its environmental, social, and governance (ESG) initiatives. The report aligns with reputable sustainability frameworks including TCFD, SASB Real Estate Standard, and UN SDGs. Key highlights include:
1. Conducted an inaugural Materiality Assessment with stakeholders
2. Initiated the EPR Impact Grant Program, supporting Veterans Community Project
3. Updated TCFD response and produced initial SASB and SDG reporting frameworks
CEO Greg Silvers emphasized the company's commitment to ESG excellence and its importance for long-term success and stakeholder value creation. The full report is available on EPR Properties' website.
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