EPR Properties CEO Discusses Its Big Casino Investment

EPR Properties (NYSE: EPR  )  went public in November 1997 and today the Kansas City-based REIT has a market cap of around $4.6 billion.

With gross assets of around $3.3 billion, EPR is the largest owner of entertainment-related real estate, with a large concentration in the theater industry, comprising 67% of its total portfolio (based on investment value), as well as charter school properties, ski hills and entertainment retail centers.

EPR is a specialty REIT that invests in properties in select categories which require unique industry knowledge, while offering the potential for stable and attractive returns. As of the latest quarter, EPR owns 193 properties in 38 States, DC, and Canada. The 14.6 million square foot portfolio generates approximately $331 million in annualized NOI.

EPR does not compete directly with most Triple Net REITs and as a result, the company has been able to source new investments with less competition. Accordingly, signature theaters represent a majority of EPR's revenues and the REIT's focused income strategy provides investors with considerable growth opportunities. As a landlord for AMC EntertainmentCinemark Holdings, and Rave Cinemas, EPR has targeted its core income strategy around leasing facilities to specialized sector specific chains.

Recently EPR has announced that it was teaming up with Empire Resorts, (NASDAQ: NYNY  ) , the company to apply for a license to own and operate a destination gaming resort that will include a four-star hotel. The Sullivan County, NY project known as Adelaar (the Dutch word for eagle) will feature a broad variety of leisure and recreational programming.

At ReCon this week in Las Vegas I caught up with EPR's CEO, David Brain, to discuss the new world-class resort as well as the company's latest earnings results. 

Top dividend stocks for the next decade
The smartest investors know that dividend stocks simply crush their non-dividend paying counterparts over the long term. That's beyond dispute. They also know that a well-constructed dividend portfolio creates wealth steadily, while still allowing you to sleep like a baby. Knowing how valuable such a portfolio might be, our top analysts put together a report on a group of high-yielding stocks that should be in any income investor's portfolio. To see our free report on these stocks, just click here now.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2964280, ~/Articles/ArticleHandler.aspx, 9/3/2015 3:21:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Robert Thomas

Today's Market

updated 6 hours ago Sponsored by:
DOW 16,351.38 293.03 1.82%
S&P 500 1,948.86 35.01 1.83%
NASD 4,749.98 113.87 2.46%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/2/2015 4:08 PM
EPR $50.60 Up +0.56 +1.12%
Entertainment Prop… CAPS Rating: **
NYNY $4.24 Up +0.07 +1.68%
Empire Resorts, In… CAPS Rating: *