2024-04-15 11:07:41 ET
Summary
- EPR Properties is an entertainment-focused real estate investment trust with a unique portfolio and income opportunities.
- The company is reducing its exposure to movie theaters but still producing solid AFFO growth and raised its dividend.
- EPR Properties has a low dividend pay-out ratio and considerable excess dividend coverage, making it a solid stock for passive income.
EPR Properties ( EPR ) is an entertainment-focused real estate investment trust with a unique portfolio and income opportunities in the experiential market.
The REIT has a broad footprint in various entertainment segments and produced high single digit FFO growth in 2023. The company is still seeking to reduce its exposure to movie theaters, which are experiencing attendance pressure due to the availability of streaming offers, but EPR Properties’ dividend was extraordinarily well-covered in the fourth quarter as well as in 2023....
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For further details see:
EPR Properties: Portfolio Restructuring, 8.2% Yield And Return To FFO Growth In 2025 [Upgrade]