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 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.