Why I Will Continue to Buy This 7.5%-Yielding Dividend Stock Well Into the New Bull Market and Beyond
While it isn't exactly a household name, EPR Properties (NYSE: EPR) owns a portfolio of real estate occupied by many companies you're probably very familiar with. EPR is an excellent income stock with lots of growth potential and an excellent management team. Not only is it one of my favorite real estate stocks to follow, but it's one that I own in my stock portfolio and have added to several times.
EPR Properties is a real estate investment trust, or REIT, that specializes in experiential properties. Think of it in a similar context to a retail REIT, except instead of selling products, EPR's tenants sell experiences.
The top property type in the company's portfolio is movie theaters, which make up 40% of its rental income. AMC Entertainment (NYSE: AMC) and Regal Entertainment are the two main tenants, with Regal recently completing a bankruptcy restructuring that worked out quite favorably for EPR. The company wants to gradually reduce the theater exposure over time, but it's important to know that EPR's theaters are generally top-notch properties that perform better than the average movie theater.
Source Fool.com
