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 reports news as an experiential net lease real estate investment trust focused on leisure and recreation venues. Company updates commonly cover operating results, investment spending, acquisitions of attraction and regional park properties, and portfolio activity across theaters, family entertainment centers, ski resorts, and other experiential property types.
Recurring releases also include monthly common-share dividends, earnings-call schedules, conference presentations, guidance updates, material agreements, capital-structure disclosures, and governance matters tied to the REIT's tenant, property cash flow, and financing profile.
EPR Properties (NYSE: EPR) will announce its fourth quarter 2020 financial results on February 24, 2021, after the market closes. A conference call to discuss these results is scheduled for February 25, 2021, at 8:30 a.m. EST. Investors can access the call via audio and webcast on the Company’s Investor Center website. EPR Properties specializes in experiential net lease real estate investments, with a portfolio exceeding $6.5 billion across 44 states, focusing on venues that enhance leisure experiences.
EPR Properties (NYSE: EPR) has released the 2020 year-end tax reporting details for distributions to shareholders. The total cash distribution for common shares amounted to $1.890000 per share. This includes various dividend components, such as ordinary dividends and non-taxable returns of capital. For Series C and Series E preferred shares, the total distributions were $1.437500 and $2.419540 respectively. Shareholders are advised to consult personal tax advisors regarding the tax implications of these distributions.
EPR Properties reported key updates for Q4 2020, highlighting a significant increase in cash collections and a successful sale of educational properties. The company collected approximately 46% of pre-COVID contractual cash revenue, up from 28% in Q2 and 42% in Q3. The sale of six private schools and four early childhood centers generated $201 million in proceeds, along with four experiential properties and two land parcels totaling $23 million. EPR's cash on hand exceeded $1.0 billion, positioning it well amidst the pandemic.
EPR Properties (NYSE:EPR) has declared quarterly dividends for its preferred shareholders, effective January 15, 2021. The 5.75% Series C Cumulative Convertible Preferred Shares will yield a dividend of $0.359375 per share, while the 9.00% Series E Cumulative Convertible Preferred Shares will provide $0.5625 per share. Additionally, the 5.75% Series G Cumulative Redeemable Preferred Shares will also receive $0.359375 per share. All dividends are payable to shareholders of record on December 31, 2020.
EPR Properties reported significant losses for the third quarter of 2020, with total revenue dropping to $63.9 million from $169.4 million in Q3 2019. Net loss available to common shareholders was $91.9 million, translating to a loss of $1.23 per diluted share. Cash collections from tenants improved, reaching 48% of contractual cash revenue by September. The company has over $985 million in cash and extended covenant waivers on credit facilities through December 2021. However, write-offs of $49.8 million related to two customers indicate ongoing challenges due to COVID-19 restrictions.
EPR Properties (NYSE: EPR) will announce its Q3 2020 financial results on November 4, 2020, after market close, around 4:00 p.m. EST. The management will discuss these results in a conference call on November 5, 2020, at 8:30 a.m. EST. Investors can access the call via the Investor Center on the Company’s website or by dialing (866) 587-2930 with the passcode 1372156. EPR Properties focuses on experiential properties with over $6.7 billion in investments across 44 states, aiming for higher growth through its specialized real estate strategy.