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EPR Properties has a long history of paying dividends, with a record of 25 consecutive years of dividend increases.
The company's dividend yield is around 4.5%, which is relatively high compared to other REITs.
EPR Properties' dividend payout ratio is around 70%, indicating that the company is generating enough cash flow to cover its dividend payments.
The company's dividend growth rate has been around 4-5% per year over the past few years.
Financial Performance
EPR Properties has a strong financial position, with a dominant position in the ownership of movie theaters, recreational facilities, and educational properties.
EPR's portfolio metrics and financial results are recovering strongly into 2024, making it an appealing stock for income investors looking for high yields and monthly payouts.
The company's dividend yield is 7.42%, which means that for every $100 invested in EPR's stock, investors would receive $7.42 in dividends per year.
EPR Properties pays dividends on a monthly basis, with the next dividend payment planned on February 18, 2025.
EPR's payout ratio is 138.65%, which may indicate that the company is returning most of its earnings to shareholders.
Here are some key dividend metrics for EPR Properties:
EPR Properties has increased its dividends for 4 consecutive years, which is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
Competitive Advantage
EPR's focus on experiential properties gives it a competitive advantage by protecting it against e-commerce threats.
This business model allows EPR to maintain strong traffic at its properties, even when consumers are shopping online.
EPR's properties are still in high demand because consumers want to experience things firsthand, not just buy them online.
A return to growth should allow EPR to slowly raise its dividend over time, providing a stable source of income for investors.
EPR is one of the better-run REITs in our coverage universe due to its business model and advantages.
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Analysis
EPR Properties has a solid dividend history, with a 6% annual per-share dividend increase from 2010-2019. This impressive track record was interrupted by the pandemic, but the company's management is confident in its recovery and has increased the monthly dividend by 4% to $0.285 per share.
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The annualized dividend of $3.40 per share may be lower than the pre-COVID payout of $4.59 per share, but it still yields 7.1%, making EPR stock attractive for income investors. This is especially true given the company's reasonably leveraged capital structure, which affords it some flexibility to repair its balance sheet and improve its dividend safety and growth potential.
EPR's debt totals about $2.8 billion, with a weighted average debt maturity of 4.0 years and a weighted average interest rate of 4.3%. This, combined with a $1 billion credit revolver with a zero balance, gives EPR plenty of liquidity to support its growth plans.
The company's dividend appears to be secure, and it is likely to continue raising it at meaningful rates over time if its FFO continues to recover back to pre-COVID levels. This makes the stock attractive for those seeking current income and dividend growth.
Here are some key points about EPR's dividend discount model (DDM) forecast:
- EPR's dividend yield of 5.36% is in the top 11.68% of all dividend yielding stocks in our set.
- EPR's beta, a measure of volatility relative to the stock market overall, is lower than it is for 10.75% of other equities in the Real Estate sector that also issue dividends.
- EPR has been increasing its dividends at a faster rate than 7.12% of US-listed dividend-issuing stocks we observed.
Prior to 2020, EPR had maintained a track record of steady growth, compounding its adjusted FFO-per-share by almost 8% per year. Although the pandemic caused EPR's FFO-per-share to decline from $5.44 in 2019 to $1.43 in 2020, the company is now recovering strongly and has many opportunities to drive its growth.
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More Information Needed
If you're looking for more information on EPR Properties dividend, you can check out their dividend history on Nasdaq.
EPR Properties has a strong dividend history, with a current dividend yield of 7.40%.
The dividend is paid every month, which can provide a regular income stream for investors.
EPR Properties paid $3.41 per share in the past year, which is a significant amount of money.
You can find more information on EPR Properties dividend history on Dividend Investor and Seeking Alpha.
The last ex-dividend date was January 31, 2025, which means that investors who purchased the stock before this date are eligible for the dividend.
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Frequently Asked Questions
Is EPR property a good investment?
EPR Properties offers a high 7.5% dividend yield, making it a potentially attractive investment for those seeking a lifetime of income. However, further research is recommended to evaluate its overall investment potential.
Is EPR dividend sustainable?
Yes, EPR Properties' dividend is on a sustainable foundation, allowing for potential future increases. The REIT's high-yielding monthly dividend is supported by its growing experiential real estate portfolio.
What is the dividend payout ratio for EPR Properties?
EPR Properties' dividend payout ratio is 138.65%, indicating a significant portion of earnings is distributed to shareholders. This high payout ratio may raise questions about the company's financial health and dividend sustainability.
When did EPD pay its last dividend?
EPD paid its last dividend on Nov 14, 2024. The dividend was $0.52 per share, paid to shareholders who owned EPD stock before Oct 31, 2024.
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