2024-03-06 08:44:40 ET
Summary
- EPR Properties' debt has rallied and is currently yielding around 6.5% to maturity, while preferred shares are paying a dividend yield of 7.4% and common shares have a dividend yield of over 8%.
- The company's income statement showed positive developments, with revenue growing by approximately 8% and operating expenses remaining relatively stable.
- EPR Properties has a solid leasing structure with long-term leases in place, providing income stability for the future.
EPR Properties ( EPR ) is a REIT that owns a diverse group of entertainment properties. The most common tenant type for the company is theaters. The COVID-19 pandemic hit the industry hard and placed strains on EPR’s cash flow that took time to turnaround. At one point, I recommended an investment in the company’s debt over its shares . Today, the company’s debt has rallied and is currently yielding around 6.5% to maturity, while the Series G preferred shares are paying a dividend yield of 7.4%, and the common shares dividend yield is over 8%. Based on 2023 financials, I believe the common shares are the best investment for income with an emphasis on cash secured put options....
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For further details see:
EPR Properties: Shifting From The Debt To Shares For Income