EPR Properties (EPR) Expects Better Performance in Later Part of 2013

July 1, 2013

EPR Properties (EPR) expects better performance in the later part of 2013 in its specialty real estate assets, working around seasonality to produce more activity, says Daniel Altscher, Research Analyst and Vice President at FBR Capital Markets & Co.

“[A] name that I cover, EPR Properties, they are a little more unique specialty in the assets that they go after, more oriented toward movie theaters, recreation, charter schools. They had a little bit of a slower first quarter, but I think that was as expected, and you’re going to see the ramp in the second quarter,” Altscher said.

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Altscher says EPR has seasonality from the scheduling of movie releases and the scheduling of the school year, but he expects positive changes coming this year.

“Particularly in the charter schools, particularly in the movie theaters, there’s a little bit more seasonality around the actual schedules of movies or timing for school years, so I think you’re going to see the activity there ramp up pretty nicely into the second quarter and then also probably a bit into the back half of the year, too,” Altscher said.