03/25/2020 | by

EPR Properties (NYSE: EPR) CEO Greg Silvers said he expects to see a surge in demand for out of home leisure and recreation experiences in the wake of the COVID-19 pandemic.

“Despite the current environment, we continue to firmly believe in the long-term advantages of our portfolio and our strategy. Once the country emerges from this pandemic, we believe the demand for affordable out-of-home entertainment will be stronger than ever, as people re-engage, socialize, and enjoy the experiences that our properties provide,” Silvers said.

Silvers also noted that EPR’s board has approved up to $150 million in share repurchases through the end of the year, while the company has revised its 2020 anticipated investment spending to include only previously committed investment spending of approximately $100 million.

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