Where Will EPR Properties Be in 5 Years?
On the lead page of EPR Properties' (NYSE: EPR) third-quarter 2023 investor presentation are pictures of people playing golf, at a waterpark, and riding in a go-cart. That sums up the real estate investment trust's (REIT's) focus on experiential properties, but it hides an important fact about the company and its future. Here's why EPR isn't going to be the same company it is today in five years' time.
During the early days of the coronavirus pandemic, there was a great deal of uncertainty. That led governments around the world to, effectively, shut their economies down in an effort to limit the spread of the illness. A particular effort was put toward social distancing since COVID-19 was spreading quickly in group settings. EPR's portfolio is filled with assets that bring people into groups for fun. To ensure that it could survive this period, EPR suspended its dividend, which was probably a very good idea.
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Source Fool.com
