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 (NYSE:EPR) maintains a distinctive position as a specialty real estate investment trust focused on experiential venues and educational facilities. This comprehensive news hub provides investors with essential updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases covering earnings reports, property acquisitions, and partnership announcements alongside curated market analyses. Our collection serves as a centralized resource for understanding EPR's unique approach to entertainment, recreation, and education-focused real estate investments.
Key updates include quarterly financial disclosures, dividend declarations, portfolio expansion news, and management commentary. The curated selection enables stakeholders to track tenant performance, property cash flow trends, and sector-specific market conditions affecting EPR's specialized REIT model.
Bookmark this page for ongoing access to verified information about theater renovations, education facility developments, and strategic capital allocations. Regular updates ensure you maintain current awareness of EPR's position within the evolving real estate investment landscape.
EPR Properties (NYSE:EPR) reported strong first quarter results for 2023, with total revenue of $171.4 million, up from $157.5 million in 2022. Net income available to common shareholders increased to $51.6 million, or $0.69 per diluted share, a 44% rise year-over-year. Funds From Operations as Adjusted (FFOAA) also rose to $96 million with a per share increase to $1.26. The company collected $6.5 million in deferred rent during Q1 and has recovered $127 million of deferred rent since the pandemic. As of March 31, 2023, EPR maintained a strong liquidity position with $96.4 million in cash and no debt on its credit facility. However, ongoing uncertainties surround Regal's bankruptcy proceedings, impacting EPR’s ability to provide 2023 earnings guidance.
EPR Properties (NYSE:EPR) has declared a monthly cash dividend of $0.275 per common share, payable on May 15, 2023, to shareholders of record by April 28, 2023. This dividend translates to an annualized rate of $3.30 per share. The company, a leading diversified experiential net lease real estate investment trust (REIT), focuses on properties that enhance out-of-home leisure and recreational experiences. EPR Properties boasts total assets of approximately $5.8 billion, with key underwriting criteria ensuring stable returns. The company's rigorous investment strategies center on cash flow standards at the property and tenant levels, potentially providing a competitive advantage in the market.
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