Here's How EPR Properties Can Afford Its 7.8% Dividend Yield
EPR Properties (NYSE: EPR) differentiates its approach within the real estate investment trust (REIT) sector by focusing on experiential properties. That turned out to be a problem during the early days of the coronavirus pandemic, when people basically started to hide in their homes.
The world is getting back to normal as pandemic pressures ease, but what does that mean for EPR and its hefty 7.8% dividend yield?
By design, EPR Properties owns assets that bring people together in large groups. When the government shuts down such businesses, asks people to work from home, and generally recommends social distancing, owning amusement parks, movie theaters, and other similar assets is a big problem. There was so much uncertainty in 2020 that EPR's board chose to completely eliminate the dividend after the May payment.
Source Fool.com
