Why I Can't Stop Buying This 6.2%-Yielding Monthly Dividend Stock

Core Viewpoint - EPR Properties is a high-yielding dividend stock that provides a stable income stream through its real estate investments, particularly in experiential properties, making it an attractive option for passive income generation [3][5][14] Company Overview - EPR Properties is a real estate investment trust (REIT) that specializes in experiential real estate, owning properties such as movie theaters, ski resorts, and fitness venues [5] - The REIT primarily utilizes long-term, triple net leases, which require tenants to cover all operating expenses, ensuring stable monthly rental income [6] Financial Performance - The company expects to generate between $5.00 and $5.16 per share of funds from operations (FFO) for the year, which comfortably covers its monthly dividend of $0.295 per share ($3.54 annualized) [7] - EPR Properties maintains a strong balance sheet with an investment-grade credit rating, ending the first quarter with $20.6 million in cash and only $105 million in outstanding borrowings [8][9] Dividend Growth Potential - EPR Properties has a history of growing its experiential property portfolio and plans to invest $200 million to $300 million annually in new properties, which supports a projected 3% to 4% annual growth in FFO per share [10][11][12] - The REIT raised its dividend by 3.5% earlier this year, indicating its commitment to increasing shareholder returns [12] Market Opportunity - The total addressable market for experiential real estate investments exceeds $100 billion, providing significant growth potential for EPR Properties, which currently has a portfolio valued at $6.4 billion [12] - The company has plans for $148 million in experiential development and redevelopment projects over the next two years, including its first investment in the golf sector [13]