Citi opens ‘positive 90 -day catalyst watch’ on EPR Properties

Citi opened a “positive 90 -day catalyst watch” on Neutral rated EPR Properties (EPR). The firm believes “constructive” box office trends, improving coverage levels at theaters, and potential upside to theatre-related percentage rents could drive near-term relative outperformance of the shares. While Q1 box office results were relatively weak, strong Q2 to date performance as well as a strong slate of future major studio releases, “looks constructive,” the analyst tells investors in a research note.