MISSOURI - EPR Properties (NYSE:EPR), a prominent Real Estate Investment Trust (REIT) that specializes in experiential properties, has declared a monthly cash dividend of $0.275 per common share. This announcement, made by the company's Board of Trustees, translates to an annualized dividend rate of $3.30 per share.
EPR Properties, recognized as a leading REIT in North America and operating across 44 states, manages nearly $5.7 billion in assets after accounting for a $1.4 billion depreciation deduction.
The upcoming dividend will be payable on December 15 to shareholders who are registered by November 30. EPR's investment approach is designed to deliver stable and attractive returns to its shareholders. The company prides itself on maintaining strict cash flow standards and underwriting criteria, which are considered essential for competitive advantage within the industry.
InvestingPro Insights
InvestingPro's real-time data and tips provide valuable insights for investors considering EPR Properties. The company's market capitalization stands at $3460M, with a P/E ratio of 23.63 as of Q3 2023. The company has also reported impressive revenue growth of 11.67% over the last twelve months as of Q3 2023, reaching $705.88M USD.
InvestingPro Tips highlight EPR's high earnings quality, with free cash flow exceeding net income, and its impressive gross profit margins. The company has also been trading at a low EBITDA valuation multiple, which could indicate an undervalued stock. Furthermore, EPR has a track record of paying significant dividends to its shareholders, having maintained dividend payments for 27 consecutive years.
InvestingPro offers many more tips and data points for investors interested in EPR Properties and other companies. This comprehensive information can help investors make informed decisions about their portfolio.
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