This 8.4%-Yielding Monthly Dividend Stock's Strong Year Makes It a Top Buy for Income
EPR Properties (NYSE: EPR) is having a bounce-back year. The real estate investment trust (REIT) has collected most of the rent it deferred during the pandemic. It also signed a comprehensive restructured lease with a key tenant. That has given the company much more clarity on its future rental income.
Despite all this progress, shares have fallen nearly 15% from their recent peak, pushing its dividend yield up to 8.4%. That higher-yielding payout makes the REIT focused on movie theaters and other experiential real estate a top buy for those seeking an attractive income stream.
EPR Properties recorded $1.47 per share of adjusted funds from operations (FFO) during the third quarter. That was up 20.5% from the year-ago period. The REIT generated more than enough income to cover its monthly dividend, which totaled $0.825 per share in the quarter. That allowed the REIT to retain cash to fund new investments and maintain a strong balance sheet.
Source Fool.com
