EPR Properties Declares Monthly Dividend for Common Shareholders and Quarterly Dividends for Preferred Shareholders

Rhea-AI Summary

EPR Properties (NYSE:EPR) announced that its Board of Trustees has declared a monthly dividend of $0.285 per common share, payable on July 15, 2024, to shareholders recorded by June 28, 2024. This equates to an annualized dividend of $3.42 per common share. Additionally, EPR declared quarterly dividends for preferred shareholders, including $0.359375 per 5.75% Series C share, $0.5625 per 9.00% Series E share, and $0.359375 per 5.75% Series G share, all payable on the same date. EPR Properties, a diversified experiential net lease real estate investment trust (REIT), holds assets worth approximately $5.7 billion across 44 states.

Positive

• Monthly dividend of $0.285 per common share, leading to an annualized dividend of $3.42 per common share.
• Quarterly dividends declared for three series of preferred shares.
• Assets valued at approximately $5.7 billion.

Negative

• No information provided on revenue or profitability.
• Dividend payments might imply significant cash outflow.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders. The dividend of $0.285 per common share is payable July 15, 2024 to shareholders of record on June 28, 2024. This dividend represents an annualized dividend of $3.42 per common share.

The Board of Trustees also declared quarterly dividends to preferred shareholders:

• 5.75% Series C Cumulative Convertible Preferred Shares (NYSE:EPRprC): The Company declared a dividend of $0.359375 per share payable July 15, 2024 to shareholders of record on June 28, 2024.

• 9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPRprE): The Company declared a dividend of $0.5625 per share payable July 15, 2024 to shareholders of record on June 28, 2024.

• 5.75% Series G Cumulative Redeemable Preferred Shares (NYSE:EPRprG): The Company declared a dividend of $0.359375 per share payable July 15, 2024 to shareholders of record on June 28, 2024.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.4 billion) across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613821390/en/

EPR Properties

Brian Moriarty

Senior Vice President – Corporate Communications

brianm@eprkc.com | 816-472-1700

Source: EPR Properties

FAQ

What is the dividend per common share for EPR Properties in July 2024?

The dividend per common share is $0.285, payable on July 15, 2024.

What is the annualized dividend per common share for EPR Properties?

The annualized dividend per common share is $3.42.

When are the quarterly dividends for EPR Properties' preferred shareholders payable?

Quarterly dividends for preferred shareholders are payable on July 15, 2024.

How much is the dividend per 5.75% Series C share for EPR Properties?

The dividend per 5.75% Series C share is $0.359375.

What is the dividend per 9.00% Series E share for EPR Properties?

The dividend per 9.00% Series E share is $0.5625.

How much is the dividend for 5.75% Series G shares of EPR Properties?

The dividend for 5.75% Series G shares is $0.359375.

What is the total asset value of EPR Properties?

EPR Properties has total assets valued at approximately $5.7 billion.

How many states does EPR Properties operate in?

EPR Properties operates in 44 states.