Los Angeles, California – When it comes to investing in real estate, there are two primary types of properties to consider: those centered around tangible items and those designed to provide experiences. The former includes retail stores, office spaces, and warehouses, while the latter encompasses properties like casinos, ski resorts, amusement parks, and movie theaters. Within the realm of experiential real estate, there are also places like gyms, schools, and medical facilities that cater to different needs and desires.

One company that has been making waves in the world of experiential real estate is EPR Properties, a Real Estate Investment Trust (REIT) that focuses on properties where the real estate is crucial to the success of the businesses leasing them. From movie theaters to water parks, amusement parks to ski resorts, EPR Properties strategically invests in properties that offer unique experiences to customers and where the real estate plays a significant role in generating revenue.

Despite the challenges posed by the COVID-19 pandemic and the rise of streaming services, EPR Properties has managed to navigate the changing landscape of experiential real estate by diversifying its portfolio and focusing on properties that are essential to their tenants’ operations. While the company started as a landlord for movie theaters, it has since expanded its reach to include a variety of experiential properties that offer stable cash flow and long-term growth potential.

EPR Properties’ commitment to diversification is evident in its recent financial performance, with the company selling off theater properties and investing in other categories like water parks and golf attractions. This strategic shift, coupled with a focus on properties with high tenant dependence on the real estate, has positioned EPR Properties for continued success in the experiential real estate market.

Looking ahead, EPR Properties has reaffirmed its 2024 guidance, signaling confidence in its ability to deliver growth and stability to investors. With a monthly dividend yielding over 7.5% and a sustainable growth rate projected for the future, EPR Properties presents an appealing investment opportunity for those seeking consistent income and long-term appreciation.

In conclusion, EPR Properties’ evolution from a movie theater-centric REIT to a diversified experiential real estate powerhouse reflects its adaptability and strategic vision. As the company continues to expand into new avenues of experiential properties, investors can expect steady returns and opportunities for growth in the dynamic real estate market. Through a focus on income investing and strategic asset management, EPR Properties exemplifies the potential for long-term success in the world of real estate investment.