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

Rhea-AI Summary

EPR Properties (NYSE:EPR) has declared a monthly cash dividend of $0.275 per common share, payable on October 17, 2022, to shareholders of record on September 30, 2022. This equates to an annualized dividend of $3.30. Additionally, the company announced quarterly dividends for its preferred shareholders, with amounts varying between $0.359375 and $0.5625 depending on the share series, also payable on October 17, 2022.

Positive

• Monthly cash dividend of $0.275 increases shareholder income.
• Annualized dividend of $3.30 indicates company confidence in ongoing cash flow.
• Strong portfolio with nearly $6.6 billion in investments across 44 states.

Negative

• None.

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 $0.275 per common share is payable October 17, 2022 to shareholders of record on September 30, 2022. This dividend represents an annualized dividend of $3.30 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 October 17, 2022 to shareholders of record on September 30, 2022.
• 9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPRprE): The Company declared a dividend of $0.5625 per share payable October 17, 2022 to shareholders of record on September 30, 2022.
• 5.75% Series G Cumulative Redeemable Preferred Shares (NYSE:EPRprG): The Company declared a dividend of $0.359375 per share payable October 17, 2022 to shareholders of record on September 30, 2022.

About EPR Properties

EPR Properties 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 nearly $6.6 billion in total investments 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/20220915006114/en/

EPR Properties

Brian Moriarty

Vice President, Corporate Communications

brianm@eprkc.com | 816-472-1700

Source: EPR Properties

FAQ

What is the dividend amount declared by EPR Properties for October 2022?

EPR Properties declared a dividend of $0.275 per common share for October 2022.

When will EPR Properties' dividend be paid?

The dividend will be paid on October 17, 2022.

What is the record date for EPR Properties' October 2022 dividend?

The record date for the dividend is September 30, 2022.

What are the preferred share dividends declared by EPR Properties?

EPR Properties declared dividends ranging from $0.359375 to $0.5625 for its preferred shares, payable on October 17, 2022.

Is the dividend for EPR Properties sustainable?

While the press release does not explicitly address sustainability, the company’s strong investment portfolio suggests a positive outlook.