EPR Properties Declares Monthly Dividend for Common Shareholders

Rhea-AI Summary

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.

Positive

• EPR Properties declared a monthly cash dividend of $0.285 per common share.
• Annualized dividend totals $3.42 per common share.
• Total assets of approximately $5.7 billion.
• Diversified across 44 states.
• Focus on experiential properties offering leisure and recreation.
• Adheres to rigorous underwriting and investing criteria.
• Potential for stable and attractive returns through focused investment strategy.

Negative

• $1.4 billion in accumulated depreciation.

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 June 17, 2024 to shareholders of record on May 31, 2024. This dividend represents an annualized dividend of $3.42 per common share.

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/20240515128004/en/

EPR Properties

Brian Moriarty

Senior Vice President – Corporate Communications

brianm@eprkc.com | 816-472-1700

Source: EPR Properties

FAQ

What is the monthly dividend declared by EPR Properties?

EPR Properties declared a monthly dividend of $0.285 per common share.

When is the EPR Properties dividend payable?

The dividend is payable on June 17, 2024.

What is the annualized dividend for EPR Properties common shares?

The annualized dividend is $3.42 per common share.

What is the record date for EPR Properties' dividend?

The record date for the dividend is May 31, 2024.

What type of properties does EPR Properties invest in?

EPR Properties invests in experiential properties that offer leisure and recreation experiences.

What is the total asset value of EPR Properties?

EPR Properties has total assets of approximately $5.7 billion.

In how many states does EPR Properties have assets?

EPR Properties has assets in 44 states.

What criteria does EPR Properties follow for underwriting and investing?

EPR Properties follows rigorous underwriting and investing criteria centered on industry, property, and tenant level cash flow standards.