EPR - EPR Properties: Playing Defense With High Yields
2024-06-14 13:44:59 ET
Summary
- EPR Properties showed steady performance in Q1-2024 and guided for a 3.6% increase in funds from operations.
- Despite concerns about the theater sector, EPR's rent coverage is improving and dispositions are focused on improving portfolio quality.
- We tell you how we played it.
In our previous coverage of EPR Properties ( EPR ) we looked at the valuations and risk of this triple-net REIT. While there was much to like and the valuations were relatively compelling, we went with a Hold rating and stayed out of buying this. That worked out well as it could in this market where absolutely nothing goes down except the morale of remaining bears. EPR managed to track the risk-free total returns over this timeframe and did not make us regret staying out....
EPR Properties: Playing Defense With High Yields