EPR Properties Stock Price, News & Analysis

EPR Properties (NYSE: EPR) has announced a new $1.0 billion unsecured revolving credit facility, replacing its existing facility and maturing on October 2, 2028. The new facility includes an 'accordion' feature that allows for a potential increase to $2.0 billion, subject to lender consent. Key improvements include:

1. Generally reduced interest rates on outstanding loans
2. Elimination of the tangible net worth covenant
3. Modified secured debt to total asset value covenant
4. Simplified asset valuation method

The facility offers two six-month extension options and is expected to be used for general business purposes, including acquiring experiential properties. EPR's President and CEO, Greg Silvers, stated that the new facility provides enhanced borrowing flexibility and more favorable terms, strengthening the company's financial foundation.

EPR Properties (NYSE:EPR), a leading diversified experiential net lease REIT, has announced its latest dividend declarations. The company's Board of Trustees has declared a monthly cash dividend of $0.285 per common share, payable on October 15, 2024, to shareholders of record on September 30, 2024. This represents an annualized dividend of $3.42 per common share.

Additionally, EPR Properties has declared quarterly dividends for its preferred shareholders:

• 5.75% Series C Cumulative Convertible Preferred Shares: $0.359375 per share
• 9.00% Series E Cumulative Convertible Preferred Shares: $0.5625 per share
• 5.75% Series G Cumulative Redeemable Preferred Shares: $0.359375 per share

All preferred dividends are payable on October 15, 2024, to shareholders of record on September 30, 2024.

EPR Properties (NYSE: EPR) has announced the election of William P. (Liam) Brown to its Board of Trustees, effective September 6, 2024. Brown, currently serving as Group President U.S. & Canada at Marriott International, brings over 35 years of hospitality experience to EPR's board. In his role at Marriott, Brown oversees the development and management of a portfolio comprising 28 brands and over 6000 properties in the U.S. and Canada. Greg Silvers, Chairman and CEO of EPR Properties, expressed excitement about Brown's addition, highlighting the value of his extensive hospitality experience to the company's future vision and execution.

EPR Properties (NYSE:EPR), a leading diversified experiential net lease REIT, has announced its monthly cash dividend for common shareholders. The Board of Trustees has declared a dividend of $0.285 per common share, payable on September 16, 2024, to shareholders of record on August 30, 2024. This represents an annualized dividend of $3.42 per common share.

EPR Properties specializes in select enduring experiential properties in the real estate industry, focusing on venues that facilitate out-of-home leisure and recreation experiences. The company has total assets of approximately $5.6 billion across 44 states, after accumulated depreciation of about $1.5 billion. EPR adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards.

EPR Properties (NYSE:EPR) reported its Q2 2024 results, showing total revenue of $173,095,000 and net income available to common shareholders of $39,062,000. The company's FFOAA per diluted common share was $1.22, down from $1.28 in Q2 2023. EPR invested $46.9 million in Q2, bringing year-to-date investment to $132.7 million. The company maintains a strong liquidity position with $33.7 million cash on hand and no borrowings on its $1.0 billion credit facility. EPR reaffirmed its 2024 FFOAA guidance of $4.76 to $4.96 per diluted share and updated its disposition proceeds guidance to $60.0-$75.0 million. The company's portfolio remains 99% leased, with 93% in Experiential investments and 7% in Education investments.

EPR Properties (NYSE:EPR) has released its third annual Corporate Responsibility Report for 2023, highlighting its environmental, social, and governance (ESG) initiatives. The report aligns with reputable sustainability frameworks including TCFD, SASB Real Estate Standard, and UN SDGs. Key highlights include:

1. Conducted an inaugural Materiality Assessment with stakeholders
2. Initiated the EPR Impact Grant Program, supporting Veterans Community Project
3. Updated TCFD response and produced initial SASB and SDG reporting frameworks

CEO Greg Silvers emphasized the company's commitment to ESG excellence and its importance for long-term success and stakeholder value creation. The full report is available on EPR Properties' website.

EPR Properties (NYSE:EPR), a leading diversified experiential net lease REIT, has declared its monthly cash dividend for common shareholders. The dividend of $0.285 per common share will be payable on August 15, 2024, to shareholders of record on July 31, 2024. This represents an annualized dividend of $3.42 per common share.

EPR Properties specializes in select enduring experiential properties in the real estate industry, focusing on venues that facilitate out-of-home leisure and recreation experiences. The company has total assets of approximately $5.7 billion across 44 states, after accumulated depreciation of about $1.4 billion. EPR adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards.

EPR Properties (NYSE: EPR) has announced the schedule for its second quarter 2024 earnings release and conference call. The company will publish its financial results after the market closes on July 31, 2024, around 4:15 p.m. ET. A conference call to discuss the results will take place on August 1, 2024, at 8:30 a.m. ET. The call will be webcast and accessible via the company's Investor Center webpage. Participants can register for audio access and obtain dial-in details. A replay of the webcast will also be available on the same page.

EPR Properties (NYSE:EPR) announced that its Board of Trustees has declared a monthly dividend of $0.285 per common share, payable on July 15, 2024, to shareholders recorded by June 28, 2024. This equates to an annualized dividend of $3.42 per common share. Additionally, EPR declared quarterly dividends for preferred shareholders, including $0.359375 per 5.75% Series C share, $0.5625 per 9.00% Series E share, and $0.359375 per 5.75% Series G share, all payable on the same date. EPR Properties, a diversified experiential net lease real estate investment trust (REIT), holds assets worth approximately $5.7 billion across 44 states.