deepblue4you Co-produced by Austin Rogers. After rallying in late 2023, REITs have sold off again and given up a good portion of their gains. Some of them are down back to where they were in the Fall of 2023 and are down up to 50% in total: Data by YCharts It appears that the high hopes of near-term cuts to interest rates have faded away in recent months. This is likely because the most recent CPI report which came in mid-February put the REIT market in a tizzy. The common theme of the news headlines wa ...

Drs Producoes EPR Properties (NYSE:EPR) is a REIT that owns a diverse group of entertainment properties. The most common tenant type for the company is theaters. The COVID-19 pandemic hit the industry hard and placed strains on EPR’s cash flow that took time to turnaround. At one point, I recommended an investment in the company’s debt over its shares. Today, the company’s debt has rallied and is currently yielding around 6.5% to maturity, while the Series G preferred shares are paying a dividend yield ...

Editor's note: Seeking Alpha is proud to welcome Mapache Investing as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » EPR needs people to flock to the amusement parks SanneBerg/iStock via Getty Images The Thesis Surviving the COVID crisis has not allowed EPR Properties (NYSE:EPR) an opportunity to bloom in 2023; slowed growth and not enough cash for expansio ...

EPR Properties (NYSE:EPR) Citi's 2024 Global Property CEO Conference Call March 5, 2024 9:35 AM ET Company Participants Greg Silvers - Chairman and Chief Executive Officer Mark Peterson - Chief Financial Officer Greg Zimmerman - Chief Investment Officer Brian Moriarty - SVP of Corporate Communications Conference Call Participants Smedes Rose - Citi Research Smedes Rose Okay. Welcome to Citi’s 2024 Global Property CEO Conference. I am Smedes Rose with Citi Research. We are pleased to have with us EPR Proper ...

Summary of EPR Properties Conference Call Company Overview - **Company**: EPR Properties (NYSE:EPR) - **Industry**: Real Estate Investment Trust (REIT) focused on experiential properties - **Key Participants**: - Greg Silvers - CEO - Mark Peterson - CFO - Greg Zimmerman - CIO - Brian Moriarty - SVP of Corporate Communications Core Points and Arguments - **Unique Positioning**: EPR is described as the only truly diversified experiential REIT, focusing on properties that provide experiences rather than products, such as theaters, ski resorts, and museums [3][4] - **Valuation**: The company is trading at a highly discounted multiple compared to historical levels, with rent coverage above pre-COVID levels [3][4] - **Growth Guidance**: EPR expects growth of 3% to 4% for the year, alongside an 8% dividend yield, indicating a strong total shareholder return (TSR) potential [4] - **Deferred Rent Collections**: EPR successfully collected $150 million in deferred rents post-COVID, which contributed to a cleaner financial story moving into 2024 [7][9] - **Theater Portfolio**: The theater coverage ratio is back to 1.7 times, aligning with pre-COVID levels, despite lower box office revenues [14][24] - **Strategic Reduction in Theater Exposure**: EPR aims to reduce theater exposure to below 15% of overall earnings, currently at approximately 37% [22][24] - **Diversification Strategy**: The company is focusing on expanding into areas such as Fitness & Wellness, Attractions, and Eat & Play, while reducing reliance on theaters [26][27] - **Investment Plans**: EPR plans to invest $250 million in 2024, with a significant portion coming from existing relationships and ongoing projects [43][46] - **Cap Rate Insights**: Recent sales of experiential properties, such as Titanic exhibits, were completed at a 6% cap rate, indicating strong market demand for experiential assets [60][61] Important but Overlooked Content - **AMC Lease Restructuring**: EPR has restructured its lease with AMC, which is viewed as stronger than Regal's lease, providing confidence in future performance [18][20] - **Education Assets**: EPR plans to exit its education platform, which currently consists of 70 properties, as it does not align with its experiential focus [50][51] - **Market Dynamics**: The company does not see significant competition from larger players in the net lease space, focusing instead on smaller, less marketed deals [41][42] - **Future Opportunities**: EPR is exploring opportunities in the gaming industry as part of its diversification strategy, although current market conditions limit its involvement [68][69] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting EPR Properties' unique market position and future growth plans.

Earning passive income is the pathway to financial freedom. As you generate more passive income, you'll become less reliant on your job to support your lifestyle. That could give you the freedom to work fewer hours or change to a more rewarding career.Investing in dividend stocks is an easy way to start collecting passive income. Realty Income (O 0.90%), EPR Properties (EPR 0.57%), and Gladstone Land (LAND 0.15%) are three great options because they pay monthly dividends instead of the typical quarterly sch ...

billyhoiler EPR Properties (NYSE:EPR) just hiked its monthly cash dividend by 3.6% to $0.285 per share, this is $3.42 per share annualized and means an 8.2% dividend yield for the internally managed experiential property REIT. EPR's dividend yield north of 8% is abnormally high for a triple-net lease REIT and reflects continued market angst around the solvency of EPR's third-largest tenant, AMC Entertainment (AMC). The lackluster market reaction to the dividend hike came as AMC reported earnings that de ...

skynesher EPR Properties (NYSE:EPR) is the largest REIT position in my portfolio exceeding such names as Realty Income (NYSE:O) and Simon Property Group (NYSE:SPG). The reason for that is a more favorable mix of key fundamental characteristics, which are vital for income producing portfolios: Attractive monthly dividend yield of ~8%. Conservative FFO payout ratio, which gives both protection and better opportunities to grow in an organic fashion (i.e., without equity dilution or excessive debt loads). ...

RELEASE Investment Update The Company remains focused on maintaining strong liquidity and financial flexibility. The Company had $78.1 million of cash on hand at quarter-end, no borrowings on its $1.0 billion unsecured revolving credit facility and a consolidated debt profile that is all at fixed interest rates with only $136.6 million maturing in 2024. The Company's Experiential portfolio (excluding property under development and undeveloped land inventory) consisted of the following property types (owned ...

EPR Properties. (NYSE:EPR) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET Company Participants Brian Moriarty - Senior Vice President, Corporate Communications Gregory Silvers - Chairman and Chief Executive Officer Gregory Zimmerman - Executive Vice President and Chief Investment Officer Mark Peterson - Executive Vice President and Chief Financial Officer Conference Call Participants Joshua Dennerlein - Bank of America Todd Thomas - KeyBanc Capital Markets Anthony Paolone - JPMorgan Smedes Ro ...