EPR Properties : Declares Monthly Dividend for Common Shareholders and Quarterly Dividends for Preferred Shareholders
September 23, 2016 at 11:03 am EDT
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KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders. The dividend of $0.32 per common share is payable October 17, 2016 to shareholders of record on September 30, 2016. This dividend represents an annualized dividend of $3.84 per common share, an increase of 5.8% over prior year and the Company's sixth consecutive year with an annual dividend increase.
The Company also declared quarterly dividends on its three outstanding issues of preferred stock:
5.75% Series C Cumulative Convertible Preferred (NYSE:EPRprC) dividend of $0.359375 per share payable October 17, 2016 to shareholders of record on September 30, 2016
9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPRprE) dividend of $0.5625 per share payable October 17, 2016 to shareholders of record on September 30, 2016
6.625% Series F Cumulative Redeemable Preferred (NYSE:EPRprF) dividend of $0.4140625 per share payable October 17, 2016 to shareholders of record on September 30, 2016
About EPR Properties
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $4.8 billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards. We believe our focused niche approach provides a competitive advantage, and the potential for higher growth and better yields. Further information is available at www.eprkc.com.
View source version on businesswire.com :http://www.businesswire.com/news/home/20160919006449/en/
EPR Properties
Brian Moriarty, 1-888-EPR-REIT
Vice President - Corporate Communications
brianm@eprkc.com
Source: EPR Properties
EPR - Entertainment Properties Trust published this content on 19 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 September 2016 15:03:06 UTC.
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EPR Properties is a diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. The Company operates through two segments: Experiential and Education. The Experiential segment consists of approximately 166 theatre properties, 58 eat and play properties, 23 attraction properties, 11 ski properties, seven experiential lodging properties, one gaming property, three cultural properties, and 20 fitness and wellness properties. The Companyâs Education segment consists of property types, which include 61 early childhood education center properties, and nine private school properties. The Company's investment portfolio includes ownership of and long-term mortgages on Experiential and Education properties. The Company has investments in approximately 44 states. All of the Company's owned single-tenant properties are leased under long-term, triple-net leases.