secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001045450-21-000048
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPR terminates covenant relief early, resumes $0.25/month dividend; Q2 cash collections top guidance
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- Board declared $0.25 per common share monthly dividend (annualized $3.00), payable Aug 16, 2021 to holders of record July 30, 2021.
- Covenant relief period under credit facilities terminated effective July 13; interest rates drop ~100 bps on credit lines and ~125 bps on private notes.
- As of June 30, ~99% of theatres and ~98% of non-theatre locations open, excluding normal seasonal closings and Canadian assets.
- Q2 2021 cash collections ~82% of contractual cash revenue, exceeding prior guidance of 75%-80%.
- Deferred rent and interest collections in Q2 totaled $16.3 million, bringing H1 2021 total to $45.9 million.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000048/0001045450-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000048/epr-20210713.htm
  HTML page:      https://secwatch.observer/filing/0001045450-21-000048

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