EPR Properties offers a 7.2% yield with 141% dividend coverage, making it a strong pick for high-income and value-focused investors. EPR's diversified experiential REIT portfolio, strong tenant rent coverage, and solid balance sheet support its resilience and growth prospects. The stock is attractively valued at a forward P/FFO of 9.8x, below its historical average, with potential for market-level total returns even without a reversion to mean valuation.
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Realty Income is built for predictable and growing income in any environment. EPR Properties is beaten down because of its movie theater holdings but is a solid and profitable business.
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Usually, dividend investors prioritize consistent and predictable dividends, then focus on periodic dividend increases, and lastly try to capture gains from price appreciation. Ticking the boxes of all these elements is very difficult, as there are simply not so many securities out there that can match all of these elements simultaneously. In this article, I offer two high yield picks, which provide not only sustainable income, but also a great upside potential.
Annaly Capital might need to cut its big-time dividend again. W.P. Carey has already started rebuilding its high-yielding payout following a recent reset.
The 10-year Treasury rate is dropping at a rapid pace. This is a leading indicator of the substantial rate cuts that are coming. This is amazing news for REITs. The first rate is likely in less than a month from now.
Go enjoy the best life has to offer, but don't forget to make sure it pays you when others do too. Owning experiential properties is an excellent route to recurring income. Paying monthly makes your retirement finances easier.
EPR Properties generated second quarter AFFO of $1.20 per share, for 140% dividend coverage. The REIT faces a $136.6 million debt maturity in a few weeks against a $2.8 billion total debt balance. Interest rates are set for a cut in September, paving the way for the commons and preferreds to rally.
EPR Properties is a triple net lease REIT operating within the non-gaming experiential property sector. Despite challenges from the COVID-19 pandemic, EPR's theater segment shows signs of recovery with solid box office numbers, recovered rent coverage, and ongoing portfolio reorganization. Its high-yielding dividends aren't a value trap as they are well-covered by improving credit metrics supported by high occupancy and great WALT.
EPR Properties (NYSE:EPR ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Brian Moriarty - SVP, Corporate Communications Gregory Silvers - Chairman and CEO Gregory Zimmerman - EVP and CIO Mark Peterson - EVP and CFO Conference Call Participants Farrell Granath - Bank of America Smedes Rose - Citi John Kilichowski - Wells Fargo Michael Carroll - RBC Rob Stevenson - Janney Montgomery Scott Upal Rana - KeyBanc Capital Markets Operator Good day, and thank you for standing by. Welcome to the Q2 2024 EPR Properties Earnings Conference Call.