EPR Properties: Experiential Pivot Could Spark Future Growth, But Risks Remain
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EPR Properties, a REIT, reported mixed Q3 results with declines in FFO and AFFO YoY. The company is pivoting from theater assets to experiential properties like health and wellness, aiming for future growth. EPR is trading at a 22% discount to peers.
November 12, 2024 | 1:45 pm
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EPR Properties reported mixed Q3 results with declines in FFO and AFFO. The company is shifting focus from theater assets to experiential properties, which could drive future growth. EPR is trading at a 22% discount to peers.
EPR Properties' shift from theater assets to experiential properties like health and wellness is a strategic move that could drive future growth. However, the mixed Q3 results with declines in FFO and AFFO indicate potential risks. The stock is trading at a 22% discount to peers, suggesting it may be undervalued, but the weighted average cost of capital at 8.4% could impact profitability.
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