Fitch Ratings Affirms EPR Properties' IDR At 'BBB-'; Outlook Stable

(RTTNews) - Fitch Ratings said Wednesday that it has affirmed EPR Properties' (EPR) Issuer Default Rating at 'BBB-'.

The rating Outlook is Stable.

Fitch said the affirmation of EPR's IDR at 'BBB-' is driven by the consistent cash flows generated by the company's triple-net leased megaplex movie theatres and other investments across the entertainment, education and recreation segments, resulting in strong credit metrics.

EPR benefits from generally strong levels of rent coverage across its portfolio and structural protections including cross-collateralization among properties operated by certain tenants, the rating agency noted.