EPR Properties (EPR) came out with quarterly funds from operations (FFO) of $1.30 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to FFO of $1.47 per share a year ago.
EPR's stock price has increased by 11.7%, resulting in a 15.4% total return, realizing my previous thesis. EPR's cost of equity improved due to a dynamic stock price increase, making capital gathering through equity issuance more accretive, but still not optimal. EPR secured a new $1B revolving credit facility with more favorable terms, indicating improved trust from financing bodies in its turnaround story.
In our previous article, we outlined our trade strategy with EPR Properties' preferred shares for a 14.2% annualized yield. We go over EPR's Q2-2024 results in this article. We tell you why the stock is not cheap, despite multiple assertions to the contrary.
Here are three REITs that pay a monthly dividend.
These REITs should be able to deliver durable and growing dividends.
Accessing current income streams on a monthly basis brings several advantages, both at emotional and compound interest level. For prudent investors to capture durable income streams, there has to be a balance between high yield and defense. In this article, I present a sample portfolio that would require $153,000 of initial capital to access $1,000 in monthly income without assuming excessive financial risks.
These REITs trade at very cheap valuations.
These REITs offer attractive monthly dividends.
EPR Properties stands to benefit from changing consumer habits post-pandemic due to their focus on experiential real estate like hot springs, spas, resorts, and indoor karting. Despite a decline in FFO and AFFO year-over-year, EPR's dividend remains well-covered with a payout ratio of 71%, showing financial resilience. EPR's balance sheet is solid with investment-grade credit ratings, low net debt to EBITDA, and significant undrawn liquidity, ensuring financial stability.
Would you rather have stuff or experiences? Many believe stuff is forever, when experiences are the ones that truly last a lifetime. You can collect magnificent income from others' life experiences. You can use that income to chart your own path.
High-yield investing often implies limited growth and elevated financial, business or regulatory risks. However, by being very selective, investors can still uncover defensive assets offering both high yields and at least above-inflation growth. In this article, I present two 7% yielding dividend picks, which, in my opinion, can also provide an attractive element of growth.
Some REITs are meant to be held for the long run. They enjoy strong rent growth that will lead to significant value creation. Here are 2 great examples of that.