Introduction
EPR Properties is a US Real Estate Investment Trust (REIT) that focuses on specialized properties such as leisure, education, and entertainment real estate. The stock is currently being discussed as attractive for savers and private investors, as it combines a high dividend yield with potential price gains.
Dividend Attractiveness
High Dividend Yield
- Current Yield: The dividend yield currently lies between 6.3% and 6.8%, depending on the source.
- Payout Interval: EPR Properties pays a dividend monthly, providing regular income.
- Dividend Payments: For the year 2025, approximately €1.33 per share is expected; the next payout on 16.06.2025 will be about €0.26 per share. In USD, this corresponds to an expected annual dividend of approximately $3.50–$3.51 per share for the year 2025.
- Dividend Growth: Over the past three years, payouts have increased by over 40%; however, the five-year average (CAGR) shows a negative growth of -4.77%, which may indicate temporary fluctuations or special effects.
Price Potential
Valuation and Metrics
- Funds from Operations (FFO): For the year 2025, EPR Properties is expected to be valued at about eleven times the expected FFO – a value considered cheap compared to other broadly diversified US REITs.
- Price-to-Earnings Ratio (P/E): The P/E ratio for the current year is around 18–19, making it moderately to attractively valued compared to other REITs in similar segments.
- Market Capitalization: Approximately €3.65 billion in market capitalization indicates a solid middle-tier company in this industry.
Opportunities & Risks
Opportunities
- Monthly Payout: Regular cash flows are particularly attractive for savers and private investors.
- Attractive Valuation: The low valuation relative to FFO and the moderate P/E ratio suggest potential for catching up with other REITs.
- Diversification through Specialized Real Estate: The focus on niche markets can help weather crises better.
Conclusion
EPR Properties presents an interesting investment opportunity, especially for investors seeking regular income from dividends and wanting to benefit from potential price increases. The specialized focus on leisure, education, and entertainment properties offers potential for long-term stability and growth.