EPR Properties is a real estate investment trust (REIT) that invests in properties in the entertainment, recreation, and education sectors. The company was founded in 1997 and is headquartered in Kansas City, Missouri. As of 2021, the company owns over 300 properties across the United States and Canada, with a total market capitalization of approximately $5 billion.
EPR Properties primarily invests in three segments: entertainment, recreation, and education. The entertainment segment includes properties such as theaters, entertainment retail centers, and ski resorts. The recreation segment includes properties such as waterparks, golf courses, and marinas. The education segment includes properties such as public and private schools, universities, and career schools. The company also has investments in other types of properties, such as net lease properties and land.
One of the unique features of EPR Properties is that it invests in properties that require high levels of expertise and specialized knowledge, such as ski resorts, waterparks, and entertainment retail centers. As a result, the company employs a team of experts with experience in these sectors, which allows it to make informed investment decisions and manage its properties effectively.
EPR Properties is structured as a REIT, which means that it is required by law to distribute at least 90% of its taxable income to shareholders in the form of dividends. This structure allows the company to enjoy tax benefits and also provides investors with a steady stream of income. In 2020, EPR Properties paid out $2.50 in dividends per share, which translates to a dividend yield of approximately 8%.