Core Insights - EPR Properties reported quarterly funds from operations (FFO) of $1.24 per share, slightly missing the Zacks Consensus Estimate of $1.25 per share, but showing an increase from $1.20 per share a year ago [1] - The company achieved revenues of $150.35 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.69% and up from $145.09 million year-over-year [2] - EPR Properties shares have increased approximately 28.8% year-to-date, outperforming the S&P 500's gain of 8.3% [3] Financial Performance - The FFO surprise for the latest quarter was -0.80%, while the previous quarter had a positive surprise of +1.68% [1] - Over the last four quarters, EPR Properties has exceeded consensus FFO estimates three times [2] - The current consensus FFO estimate for the upcoming quarter is $1.32, with projected revenues of $154.73 million, and for the current fiscal year, the estimate is $5.03 on revenues of $601.78 million [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The estimate revisions trend for EPR Properties was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The REIT and Equity Trust - Retail industry is currently ranked in the top 37% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Performance - Revenue for Q2 2025 was $178.068 million, a 2.3% increase from $173.095 million in Q2 2024[21] - Net income available to common shareholders increased to $69.603 million in Q2 2025, compared to $39.062 million in Q2 2024, representing a 78.3% growth[21] - Adjusted EBITDAre for Q2 2025 was $137.952 million, up from $135.676 million in Q2 2024, reflecting a 1.7% increase[21] - Total revenue for Q2 2025 was $178,068,000, an increase from $175,033,000 in Q1 2025, representing a growth of 1.2%[26] - Net income available to common shareholders for Q2 2025 was $69,603,000, up from $59,771,000 in Q1 2025, reflecting a growth of 16.4%[26] - Rental revenue increased to $150,351,000 in Q2 2025, compared to $146,359,000 in Q1 2025, marking a rise of 2.1%[26] - The company reported a net income available to common shareholders of $69,603,000 for Q2 2025, compared to $59,771,000 in Q1 2025, marking a 16.0% increase[28] - Net income for Q2 2025 is $75,643,000, up from $65,803,000 in Q1 2025 and a loss of $8,395,000 in Q4 2024[85] Assets and Liabilities - Total assets as of June 30, 2025, were $5.560 billion, a slight decrease from $5.645 billion in 2024[21] - Total assets as of Q2 2025 were $5,560,880,000, slightly up from $5,532,549,000 in Q1 2025, indicating a growth of 0.5%[25] - Total liabilities increased to $3,229,789,000 in Q2 2025 from $3,211,537,000 in Q1 2025, a rise of 0.6%[25] - The company reported a debt to total assets ratio of 50% for both Q2 2025 and Q2 2024, indicating stable leverage levels[21] - The company has principal payments due on unsecured senior notes totaling $629,597,000 in 2026 and $450,000,000 in 2027[32] - As of June 30, 2025, total debt amounted to $2,792,970, a decrease from $2,860,458 as of December 31, 2024, reflecting a reduction of approximately 2.4%[35] Debt and Leverage - Net debt as of June 30, 2025, was $2.796 billion, compared to $2.807 billion in 2024, indicating a reduction in leverage[21] - The net debt to total market capitalization ratio improved to 37% in Q2 2025 from 44% in Q2 2024[21] - The debt service coverage ratio for Q2 2025 is reported at 4.1, indicating strong capacity to cover debt obligations[42] - The interest coverage ratio stands at 3.9 for Q2 2025, demonstrating the company's ability to meet interest expenses comfortably[46] - The company maintains a total unencumbered assets ratio of 251%, significantly above the required 150% threshold for unsecured debt[39] - The net debt to adjusted EBITDAre ratio is a key measure for evaluating the company's capital structure, although specific figures are not provided[75] Shareholder Returns - Dividends declared on common shares increased to $67.335 million in Q2 2025, compared to $64.726 million in Q2 2024, marking a 4.0% increase[21] - The company declared total monthly dividends of $0.885 per share in Q2 2025, reflecting a payout ratio of 71%[43] - The AFFO payout ratio for Q2 2025 was 71%, consistent with Q1 2025's ratio[29] Strategic Focus and Investments - The company aims to enhance shareholder value through predictable growth in Funds from Operations As Adjusted (FFOAA) and dividends per share[10] - The strategic focus includes acquiring or developing a diversified portfolio of experiential real estate venues to capitalize on the growing experience economy[11] - The company anticipates significant investment in new developments, with $80,781,000 allocated to build-to-suit projects as of June 30, 2025[55] - The company has four properties under development with total expected costs of $126,379,000, all of which are 100% leased[55] - Total investment spending for the three months ended June 30, 2025, totaled $48,655,000, with $31,104,000 allocated to Eat & Play properties and $15,165,000 to Fitness & Wellness properties[52] Operational Metrics - Operating expenses for Q2 2025 totaled $83,596,000, compared to $82,810,000 in Q1 2025, reflecting an increase of 0.9%[26] - Cash and cash equivalents decreased to $12,955,000 in Q2 2025 from $20,572,000 in Q1 2025, a decline of 37.0%[25] - The company reported a gain on the sale of real estate of $16,779,000 in Q2 2025, compared to $9,384,000 in Q1 2025, an increase of 78.5%[26] - The company recorded transaction costs of $669,000 in Q2 2025, compared to $567,000 in Q1 2025[85] Customer Concentration - The top ten customers contribute 65.0% of total revenue for the three months ended June 30, 2025, with Topgolf at 14.1% and AMC Entertainment at 13.2%[66]

Core Insights - Investing in real estate investment trusts (REITs) is an effective strategy for generating consistent dividend income due to their dependable rental income and capital reinvestment for portfolio expansion [1] Group 1: EPR Properties - EPR Properties focuses on experiential real estate, leasing properties under long-term net leases that require tenants to cover all operating costs, providing stable rental income [4] - The REIT expects to generate between $5.00 and $5.16 per share of funds from operations (FFO) this year, covering its monthly dividend payments of $0.295 per share, resulting in a dividend yield of over 6% [5][6] - EPR Properties reinvests excess cash into additional experiential properties, with plans for $148 million in development and redevelopment projects over the next two years, aiming for 3%-4% annual FFO per share growth [6] Group 2: Realty Income - Realty Income owns a diversified portfolio leased to leading companies, generating durable rental income that supports its monthly dividend [7] - The REIT has declared 661 consecutive monthly dividends and raised its payment 131 times since its public listing in 1994, currently yielding more than 5.5% [8] - Realty Income maintains a strong balance sheet and substantial free cash flow, with a market opportunity of over $14 trillion in core markets suitable for net leases [9] Group 3: Healthpeak Properties - Healthpeak Properties holds a diversified portfolio of healthcare real estate, benefiting from steady demand and producing consistent rental income, with a dividend yield of nearly 6.5% [10] - The existing portfolio is expected to grow rental income by around 3% per year due to contractual rental escalations, with potential for higher rents as long-term leases expire [11] - Healthpeak's strong balance sheet and excess cash flow provide flexibility for new investments, including acquisitions and development projects, supporting further dividend growth [12] Group 4: Investment Summary - EPR Properties, Realty Income, and Healthpeak Properties are identified as top REITs for reliable rental income and high-yielding monthly dividends, with strong financial positions enabling continued investments for income and dividend growth [13]

Solid value proposition EPR Properties (EPR -0.56%) has quietly been a very winning investment. The real estate investment trust (REIT) has delivered a total return of roughly 1,800% since it went public in 1997. Its strong returns have continued over the past year, with its stock rallying about 35%. The REIT has certainly been a smart investment over the years. Here are some reasons why it remains a wise stock to buy today. Solid growth in 2025 EPR Properties is having a solid year. The experiential proper ...

Group 1 - The article discusses the author's transition from selling a significant portion of EPR Properties stock to seeking new investment opportunities, particularly in high-yield Real Estate Investment Trusts (REITs) that offer stable passive income and potential mean reversion [1] - The author emphasizes a focus on value and income-oriented strategies in the selection of REITs, applying fundamental economic insights to assess market trends [1] Group 2 - The author identifies a strong interest in income investing, particularly in the context of the economic landscape shaped by the COVID-19 pandemic [1]

Group 1 - The stock of EPR Properties (NYSE: EPR) has increased by 35% since the previous article was published, and when including dividends, the total return is approximately 40% [1] - The author specializes in identifying high-yield Real Estate Investment Trusts (REITs) that provide stable passive income and potential mean reversion [2] - The investment strategy focuses on value and income, particularly in the context of REITs [2]

Although I consider myself a pretty savvy investor, something I've struggled with is trimming stocks to take profit after a strong rally. As a buy-and-hold investor who only seeks to buy and own stocks that I consider to be high-quality, I've lostContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encoura ...

Core Viewpoint - EPR Properties has experienced a significant stock rally of over 40% in the past year, leading to a dividend yield of 5.8%, raising questions about its attractiveness for passive income seekers [1] Group 1: Performance and Growth Drivers - EPR Properties reported a 5.3% growth in funds from operations (FFO) in the first quarter, driven by contractual rental increases and portfolio expansion investments [2] - The company invested $263 million last year in acquisitions and development projects, including attractions and fitness venues, contributing to rising earnings and share price [3] - Declining interest rates, with the Federal Reserve cutting rates by one percentage point last year, have made borrowing cheaper for REITs, positively impacting EPR Properties [5] Group 2: Financial Health and Valuation - EPR Properties expects to generate between $5.00 and $5.16 per share of FFO this year, indicating a 4.3% growth from the previous year [8] - The REIT trades at about 12 times its FFO, which is lower than many peers that trade in the 15-to-20 times range, contributing to its high dividend yield [8] - The company maintains a conservative dividend payout ratio of around 70%, with a monthly dividend of $0.295 per share, reflecting a sustainable financial foundation [9] Group 3: Investment Strategy and Future Outlook - EPR Properties has an investment-grade balance sheet and plans to sell $80 million to $120 million in noncore assets this year to enhance financial flexibility [10] - The company can invest $200 million to $300 million annually into new property investments without external funding, aiming for a 3% to 4% annual growth in FFO [11] - With improved cost of capital, EPR Properties is positioned to increase its investment pace and has lined up $148 million in development projects for the next two years [11] Group 4: Passive Income Potential - The combination of falling interest rates and improved growth prospects makes EPR Properties an attractive option for passive income, despite its recent price increase [12]

Core Insights - EPR Properties (EPR) is highlighted as a preferred Real Estate Investment Trust (REIT) for generating monthly income and is a significant component of the author's REIT portfolio [1] - The author emphasizes the importance of dividend investing as a pathway to financial freedom, sharing insights to make the process more accessible for others [1] Company Overview - EPR Properties is positioned as a key holding in the author's investment strategy, focusing on steady income through dividends [1] - The author has a professional background in M&A and business valuation, which informs their investment decisions in sectors such as tech, real estate, software, finance, and consumer staples [1] Investment Philosophy - The article promotes dividend investing as a straightforward method for building long-term wealth and achieving financial independence [1] - The author aims to share knowledge and experiences to help others navigate the world of dividend investing [1]

Group 1 - EPR Properties has shown signs of recovery from the pandemic, particularly among its experiential tenants who were significantly impacted during lockdowns [1] - There is skepticism regarding whether the recovery of EPR Properties is overdone, as the stock is trading at a slight discount compared to more diversified peers [1] - The investment strategy of Julian Lin focuses on identifying undervalued companies with long-term growth potential, emphasizing strong balance sheets and management teams [1]