EPR Properties' Series C Preferred Shares Yield Above 6%

EPR Properties' 5.75% Series C Cumulative Convertible Preferred Shares have crossed above 6% yield territory, with a quarterly dividend of $1.4375. The shares are currently trading at a 2.52% discount to their liquidation preference amount and have a conversion ratio of 0.3504. The common shares are down about 2.1% on the day.

EPR Properties (NYSE:EPR) has seen a notable development in its 5.75% Series C Cumulative Convertible Preferred Shares (EPR.PRC), as they have crossed above the 6% yield territory. This milestone was achieved based on the quarterly dividend of $0.359375 per share, which, when annualized, amounts to $1.4375 [2].

The shares were trading at a 2.52% discount to their liquidation preference amount on Wednesday, July 2, 2025. Additionally, the conversion ratio for these preferred shares stands at 0.3504. This performance comes amid a broader market trend where EPR Properties' common shares have seen a slight downturn of approximately 2.1% on the same day [1].

EPR Properties, a leading diversified experiential net lease real estate investment trust (REIT), specializes in select enduring experiential properties. The company's focus on real estate venues that facilitate out-of-home leisure and recreation experiences has been a key driver of its investment strategy. With total assets of approximately $5.5 billion (after accumulated depreciation of approximately $1.6 billion) across 44 states, the company adheres to rigorous underwriting and investing criteria centered on key industry, property, and tenant-level cash flow standards [1].

The company's recent dividend declarations include a monthly cash dividend of $0.295 per common share, payable on July 15, 2025, to shareholders of record on June 30, 2025. This represents an annualized dividend of $3.54 per common share. Additionally, quarterly dividends have been declared for preferred shareholders, including the 5.75% Series C Cumulative Convertible Preferred Shares, which pay a quarterly dividend of $0.359375 per share [1].

Investors and financial professionals should closely monitor EPR Properties' ongoing financial performance and dividend declarations, as these developments can significantly impact the valuation and attractiveness of the company's shares.

References:
[1] https://www.businesswire.com/news/home/20250612330984/en/EPR-Properties-Declares-Monthly-Dividend-for-Common-Shareholders-and-Quarterly-Dividends-for-Preferred-Shareholders
[2] https://proinvestor.com/investornyt/1348006/epr-properties-series-c-preferred-shares-crosses-above-6-yield-territory