EPR Properties: Shifting From The Debt To Shares For Income
EPREPR Properties(EPR) Seeking Alpha·2024-03-06 21:44

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 ...