aeduard/E+ via Getty Images Co-authored by Treading Softly A gladiator plunges a sword into his opponent, and the crowd sits silent as his foe falls to the ground. He picks up his sword, throws it at the wealthy watchers, and cries: "Are you not entertained?!" This famous series of events is displayed in the now iconic movie Gladiator, starring Russel Crowe as the lead character. Since its inception, movie theaters have been a gathering place for entertainment, joint experiences, and family fun. While opera ...

skynesher EPR Properties (NYSE:EPR) focuses on experiential properties. The company was put in a terrible position when the lockdowns of 2020 pressured the cash flows of many of its tenants, as they simply could not operate with the restrictions. Fortunately, business has rebounded, and EPR has done an exemplary job managing the bankruptcy of some key tenants and collecting past-due rental payments. While the higher interest rate environment is increasing cap rates and financing costs for EPR, the stock val ...

REITs市场表现 - REITs在2023年底曾经上涨，但随后再次下跌，部分回吐了之前的涨幅，有些甚至跌至2023年秋季的水平，总体下跌高达50%以上[2] - 最近几个月来，市场对近期降息的高期望已经消失[2] - 最近的CPI报告显示通货膨胀“高于预期”，引发了REIT市场的混乱[3] CPI数据分析 - CPI的住房组成部分主要由“主要住所租金”和“业主等价租金”组成，而CPI显示，“主要住所租金”仍然同比增长6.1%[9] - 与CPI报告的3.1%年同比通货膨胀相比，Truflation报告的年同比通货膨胀仅为1.59%[8] - CPI的住房组成部分滞后于实时租金变化约一年，预计未来6个月左右，住房CPI增长将继续逐渐下滑，可能在今年夏季或秋季触底[20] 美联储政策和REITs展望 - 随着通货紧缩的到来，预计美联储将进行多次降息，这将对REITs非常有利[23] - REITs提供了6-8%的可持续且增长的股息收益，同时还有较大的上涨潜力[25] - REITs将大部分现金流留作再投资，因此实际现金流收益实际上比股息收益高得多[28] 投资建议 - 不要错过购买低点的机会，REITs的总回报前景今天非常优异，尤其是与科技股等其他热门投资相比[30]

Drs Producoes EPR Properties (NYSE:EPR) is a REIT that owns a diverse group of entertainment properties. The most common tenant type for the company is theaters. The COVID-19 pandemic hit the industry hard and placed strains on EPR’s cash flow that took time to turnaround. At one point, I recommended an investment in the company’s debt over its shares. Today, the company’s debt has rallied and is currently yielding around 6.5% to maturity, while the Series G preferred shares are paying a dividend yield of 7 ...

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EPR Properties (NYSE:EPR) Citi's 2024 Global Property CEO Conference Call March 5, 2024 9:35 AM ET Company Participants Greg Silvers - Chairman and Chief Executive Officer Mark Peterson - Chief Financial Officer Greg Zimmerman - Chief Investment Officer Brian Moriarty - SVP of Corporate Communications Conference Call Participants Smedes Rose - Citi Research Smedes Rose Okay. Welcome to Citi’s 2024 Global Property CEO Conference. I am Smedes Rose with Citi Research. We are pleased to have with us EPR Propert ...

业绩总结 - EPR今年的指导增长率在低3%到4%之间，配合8%的股息率，预计将实现两位数的总股东回报率[5] - EPR在2023年的百分比租金收入中，电影院部分为零，而2024年预计将有额外380万美元的百分比租金收入[20] - EPR成功收回了1.5亿美元的递延租金，与租户合作共渡难关[58] - EPR在2022年投资了6亿美元，计划在2023年投资2-3亿美元[70] - EPR计划逐步退出教育领域，将资金用于体验式资产[78] 市场扩张和并购 - EPR计划逐步降低对电影院的暴露度，目标是将其占比降至15%以下[36] - EPR在健身和健康领域看好发展机会，已经在攀岩馆、温泉度假村等领域取得成功[47] - EPR认为餐饮娱乐和景点是其主要业务领域，未来在这些领域看到很多机会[47] - 公司出售了两家Alamo Drafthouse影院给特许经营者，每家影院长期运营将投资100万美元[103] - 公司计划将一些资产长期投入运营，目标是逐步转变为租赁模式[105] 新产品和新技术研发 - EPR在健身和健康领域看好发展机会，已经在攀岩馆、温泉度假村等领域取得成功[47] - 公司认为游戏产业是体验式娱乐平台的一部分，虽然目前规模不够[107] 未来展望 - EPR计划逐步降低对电影院的暴露度，目标是将其占比降至15%以下[36] - EPR在2023年的百分比租金收入中，电影院部分为零，而2024年预计将有额外380万美元的百分比租金收入[20] - 预计2025年净租赁空间的同店有机增长率约为1.5%[109] 其他新策略和有价值的信息 - EPR提供类似于建筑贷款的资金支持给酒店度假村租户[85] - EPR已经完成了一笔6%的资产出售交易，展示了体验式资产的吸引力[94] - 公司认为未来公共公司数量会减少[111] - 公司目前正在进行购买、重新开发和出售等决策，认为目前最好的决策是购买和重新开发[113]

Earning passive income is the pathway to financial freedom. As you generate more passive income, you'll become less reliant on your job to support your lifestyle. That could give you the freedom to work fewer hours or change to a more rewarding career. Investing in dividend stocks is an easy way to start collecting passive income. Realty Income (O 0.90%), EPR Properties (EPR 0.57%), and Gladstone Land (LAND 0.15%) are three great options because they pay monthly dividends instead of the typical quarterly sc ...

股息收益率 - EPR Properties (NYSE:EPR)刚刚将每股月度现金股息提高了3.6%，至0.285美元，这意味着每股年度3.42美元，为内部管理的体验性物业房地产投资信托公司提供了8.2%的股息收益率[1] - EPR的股息收益率超过8%，对于一个三重净租赁房地产投资信托公司来说是异常高的，反映了市场对EPR第三大租户AMC Entertainment (AMC)偿债能力的持续担忧[1] 股息分配 - EPR的年度股息分配中点在2024财年的FFOAA指导范围内有142%的覆盖，这是一个相当高的安全水平，也为2024年进一步提高股息的可能性打开了大门[3]

skynesher EPR Properties (NYSE:EPR) is the largest REIT position in my portfolio exceeding such names as Realty Income (NYSE:O) and Simon Property Group (NYSE:SPG). The reason for that is a more favorable mix of key fundamental characteristics, which are vital for income producing portfolios: Attractive monthly dividend yield of ~8%. Conservative FFO payout ratio, which gives both protection and better opportunities to grow in an organic fashion (i.e., without equity dilution or excessive debt loads). Under ...