EPR Properties (EPR) reinstates common stock dividend.
EPR Properties (EPR) announced today that is has reinstated monthly common stock dividends, starting with a dividend of $0.25/share declared for the month of July and payable on August 16, 2021. The dividend declaration follows EPR's early termination of covenant relief provisions within certain of its credit facilities, which releases EPR from restrictions on investments, capital expenditures, and payment of common stock dividends.
“We are pleased that we continue to show meaningful progress in our property openings and cash collections, which allowed us to be in compliance with our pre-waiver debt covenants for the second quarter,” stated Greg Silvers, President and CEO of EPR Properties. "Exiting this relief period marks an important step in EPR’s ongoing recovery, and allows us to resume certain investment activity and payment of dividends."
Founded in 1997, Entertainment Properties is a net-lease equity REIT that invests in entertainment facilities and other specialty property types. The company's portfolio currently includes 354 properties with 65 operators in 44 states and Canada, and is diversified among a number of categories including multi-screen movie theaters, golf complexes, ski resorts, waterparks, and charter schools. EPR is a member of the S&P MidCap 400 index with a total market capitalization of approximately $7.5 billion.
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“We are pleased that we continue to show meaningful progress in our property openings and cash collections, which allowed us to be in compliance with our pre-waiver debt covenants for the second quarter,” stated Greg Silvers, President and CEO of EPR Properties. "Exiting this relief period marks an important step in EPR’s ongoing recovery, and allows us to resume certain investment activity and payment of dividends."
Founded in 1997, Entertainment Properties is a net-lease equity REIT that invests in entertainment facilities and other specialty property types. The company's portfolio currently includes 354 properties with 65 operators in 44 states and Canada, and is diversified among a number of categories including multi-screen movie theaters, golf complexes, ski resorts, waterparks, and charter schools. EPR is a member of the S&P MidCap 400 index with a total market capitalization of approximately $7.5 billion.
07/13/2021