Why EPR Properties Stock Fell 15% in September

Shares of real estate investment trust (REIT) EPR Properties Trust (NYSE: EPR) fell roughly 15% in September according to data from S&P Global Market Intelligence. The stock was lower by about 60% through the first nine months of the year. While that's better than the around 80% drop it experienced during the early 2020 bear market, things are obviously still tough for this REIT.

Like many REITs, EPR Properties Trust has had a hard time collecting all of the rent it's owed during the global pandemic. It's been really bad, with the most recent update on collections highlighting that while customers representing 90% of the company's rent roll have reopened for business, EPR still only managed to collect 35% of its contractual rent in August. Not surprisingly, the REIT hasn't paid a dividend since April, which is a huge negative since the REIT structure is specifically designed to generate income for investors.   

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Source Fool.com