If you're looking for an ultra-high yield on Wall Street, one great place to start your search is the real estate investment trust (REIT) sector. These companies are, literally, built to pass income on to shareholders. For conservative investors, Realty Income (O -0.25%) and its 5.8% yield is a good choice. For more aggressive sorts, EPR Properties (EPR 0.67%) could be attractive, given its even higher 7.7% yield. But be careful not to overreach and buy Annaly Capital (NLY -0.05%) and its 13.7% yield.Here's ...

While it’s always nice to have passive income no matter the frequency, there’s just something satisfying about monthly dividend stocks. In large part, we’ve become trained to think in monthly cycles. As well, our bills come due every 30 days or so. Therefore, getting paid monthly helps investors to manage their income.Another benefit to monthly dividend stocks centers on the concept of compounding benefits. Basically, investors have the choice to reinvest their dividends more frequently. By targeting the ri ...

Ben Garvin/DigitalVision via Getty Images Co-authored by Treading Softly I've never been one to be known as highly emotional. Though I am surrounded by individuals in my life who are. My one daughter, for example, has every emotion at a ten, all the time. She's either 10 out of 10 happy, 10 out of 10 sad, or 10 out of 10 angry. Because of this, she is extremely attuned to the emotional impacts of various media. It is not uncommon to find her listening to beautiful music or emotionally charged music and cryi ...

molchanovdmitry Overview In my previous analysis of EPR Properties (NYSE:EPR), I discussed how I believed some dividend raises were to come. While I still believe that to be true, I would like to revisit EPR and discuss the updated financials. I still like EPR at these levels and the monthly dividend is a great bonus. I think the REIT has plenty of growth in the future as the experience economy continues to show steady growth year after year. The main update here are the improvements in financials due t ...

EPR Properties. (NYSE:EPR) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Brian Moriarty - Vice President, Corporate Communications Gregory Silvers - Chairman and Chief Executive Officer Gregory Zimmerman - Executive Vice President and Chief Investment Officer Mark Peterson - Executive Vice President and Chief Financial Officer Conference Call Participants Joshua Dennerlein - Bank of America Eric Wolfe - Citi Robert Stevenson - Janney Montgomery Scott Mitch Germain - JMP S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13561 EPR PROPERTIES (Exact name of registrant as specified in its charter) Maryland 43-1790877 (State or other jurisdiction of incorp ...

EPR Properties (NYSE:EPR) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Brian Moriarty - Vice President, Corporate Communications Greg Silvers - Chairman and Chief Executive Officer Greg Zimmerman - Executive Vice President and Chief Investment Officer Mark Peterson - Executive Vice President and Chief Financial Officer Conference Call Participants Joshua Dennerlein - BofA Securities Todd Thomas - Keybanc Capital Markets Eric Wolfe - Citibank RJ Milligan - Raymond James Mit ...

Financial Performance - Total revenue for the three months ended June 30, 2023, was $172.9 million, an 8% increase from $160.4 million in the same period of 2022 [145]. - FFOAA per diluted share for the three months ended June 30, 2023, was $1.28, a 9% increase from $1.17 in the same period of 2022 [145]. - Total revenue for the six months ended June 30, 2023, was $344.3 million, an increase of 8.3% from $317.9 million in 2022 [151]. - Total rental revenue for the six months ended June 30, 2023, was $303.5 million, an increase of 7.4% from $282.5 million in 2022 [151]. - AFFO available to common shareholders of EPR Properties increased to $100,101,000 for Q2 2023, up from $93,388,000 in Q2 2022, representing an increase of 7.8% [181]. - FFO per common share (diluted) rose to $1.27 in Q2 2023, compared to $1.04 in Q2 2022, reflecting a growth of 22.1% [181]. - The company reported a net income of $13,600,000 for Q2 2023, down from $40,909,000 in Q2 2022, indicating a decline of 66.8% [191]. Assets and Investments - As of June 30, 2023, total assets were approximately $5.7 billion, with total investments at approximately $6.7 billion [133]. - The Experiential segment comprised $6.2 billion, or 92%, of total investments, while the Education segment accounted for $0.5 billion, or 8% [133]. - The owned Experiential real estate portfolio consisted of approximately 20.1 million square feet, which was 98% leased [134]. - Total investments as of June 30, 2023, amounted to $6,718,938,000, slightly up from $6,686,186,000 at the end of 2022 [192]. - The company had commitments for 16 development projects totaling approximately $178.3 million, with $70.7 million expected to be funded in 2023 [169]. Debt and Financing - Total outstanding debt was $2.8 billion, with 99% being unsecured, and $2.5 billion in unsecured senior notes with interest rates ranging from 3.60% to 4.95% [163]. - The debt to total assets ratio was 49%, and the net debt to adjusted EBITDAre ratio was 5.0x as of June 30, 2023 [176]. - The company plans to finance investments primarily through cash from operations and borrowing availability under its unsecured revolving credit facility [167]. - The company had no scheduled debt payments due in 2023 and $136.6 million due in 2024 [173]. - Net Debt stood at $2,741,518,000 as of June 30, 2023, compared to $2,672,963,000 in the previous year, indicating an increase of 2.6% [191]. Impairments and Losses - The company recorded a non-cash impairment charge of $42.4 million during the three months ended June 30, 2023, related to properties surrendered by Regal [143]. - Impairment charges totaled $43.8 million for the six months ended June 30, 2023, related to eight Regal Surrendered Properties [149][158]. - The company recognized a net loss of $1.1 million on the sale of one vacant eat & play property and one early childhood education center during the six months ended June 30, 2023 [148]. Operational Highlights - Regal's new master lease will have an annual base rent of $65.0 million, escalating by 10% every five years, effective August 1, 2023 [141]. - Regal owed approximately $76.3 million in undiscounted deferred rent as of July 31, 2023, with $56.8 million related to Master Lease Properties [143]. - The company collected $7.3 million in deferred rent from cash basis customers during the three months ended June 30, 2023 [138]. - Minimum rent for the six months ended June 30, 2023, increased by $20.0 million to $285.2 million compared to $265.2 million in 2022, primarily due to improved collections and property acquisitions [151][152]. - Interest expense decreased to $63.3 million for the six months ended June 30, 2023, down from $66.5 million in 2022, due to increased interest income on short-term investments [155][160]. - General and administrative expenses increased by $3.3 million to $29.2 million for the six months ended June 30, 2023, primarily due to higher payroll and professional fees [155]. Currency and Interest Rate Risks - The company is exposed to foreign currency risk on its six Canadian properties, with rents received in CAD, and has implemented hedging strategies to mitigate this risk [198]. - The company has entered into three USD-CAD cross-currency swaps with a total fixed original notional value of $150.0 million CAD and $118.7 million USD, locking in an exchange rate of $1.26 CAD per USD on approximately $10.8 million annual CAD denominated cash flows [200]. - The company has two forward contracts with a fixed notional value of $200.0 million CAD and $155.9 million USD, with an exchange rate of approximately $1.28 CAD per USD [203]. - The company has an interest rate cap agreement limiting the variable portion of the interest rate on a $25.0 million bond to 2.5325% until September 30, 2026 [199]. - The joint venture's interest rate cap agreement limits the variable portion of the interest rate (SOFR) to 3.5% from May 19, 2022, to June 1, 2024 [196]. - The net effect of the company's cross-currency swaps is to lock in an exchange rate of $1.30 CAD per USD on approximately $8.1 million of annual CAD denominated cash flows [202]. - The company has entered into two additional forward contracts with a fixed notional value of $90.0 million CAD and $69.2 million USD, with an exchange rate of approximately $1.30 CAD per USD [204].

EPR Properties (NYSE:EPR) The Nareit REITweek 2023 Investor Conference Call June 7, 2023 1:15 PM ET Company Participants Greg Silvers - Chairman and Chief Executive Officer Mark Peterson - Chief Financial Officer Greg Zimmerman - Chief Investment Officer Conference Call Participants RJ Milligan - Raymond James RJ Milligan We are all set. Excellent. Alright. Good afternoon, everybody and thank you for coming. My name is RJ Milligan. I am with the Raymond James equity research team. And we are proud to presen ...

EPR Properties (NYSE:EPR) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants Brian Moriarty - Vice President, Corporate Communications Greg Silvers - Chairman and CEO Greg Zimmerman - Executive Vice President and CIO Mark Peterson - Executive Vice President and CFO Conference Call Participants Todd Thomas - KeyBanc Capital Markets Rob Stevenson - Janney Montgomery Scott Eric Wolfe - Citibank Joshua Dennerlein - BofA Securities John Massocca - Ladenburg Thalmann Mitch Germain - J ...