CNWGY - EPR Properties stock slides again as Regal's parent prepares for Chapter 11

• EPR Properties ( NYSE: EPR ) stock dropped by as much as 10% after news that the parent of one of its largest tenants is preparing to file for bankruptcy proceedings in coming weeks.
• Earlier, the Wall Street Journal reported that U.K.-based Cineworld ( OTCPK:CNWGY ) ( OTCPK:CNNWF ), the owner of Regal Cinemas, has hired lawyers to advise it on the process for filing for  Chapter 11 in the U.S. and an insolvency proceeding in the U.K.
• For the six months ended June 30, 2022, EPR Properties ( EPR ) received $45.9M from Regal, representing 14.4% of its total revenue derived from rental or interest payments, according to the REIT's most recent 10-Q . The only tenant making up a larger share is AMC, with $47.6M, or 15.0% of EPR's revenue.
• Earlier this week, EPR ( EPR ) said Regal is current on all payments due.

For further details see: