Why EPR Properties Stock Rallied 51% in November
Shares of real estate investment trust (REIT) EPR Properties (NYSE: EPR) rose an impressive 51% in November according to data from S&P Global Market Intelligence. That said, even after that massive one-month gain, the stock was still down 50% over the first 11 months of 2020. The story here, tied to the coronavirus pandemic, is familiar, but there are still very troubling issues ahead for EPR Properties.
EPR Properties owns experiential real estate like movie theaters, casinos, and amusement parks, among many other things. The economic shutdowns used to slow the spread of the coronavirus closed many of its lessees down, leading to rent collection issues. In fact, in October the REIT was still only able to collect 43% of the rent it was owed. That's a terrible number and clearly not sustainable long term.
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Source Fool.com
