What happened Last year was brutal for the real estate investment trust (REIT) sector. The average REIT delivered a total return of negative 25% for the year. Many fared even worse. However, REITs bounced back sharply in January.
It's certainly been an interesting start to 2023, with the stock market rallying through the first month of the year and many of the most beaten-down growth stocks doubling (or even more) from the recent lows. EPR Properties (NYSE: EPR) isn't exactly a household name, but if you like to go to the movies, play golf, ski, or go to indoor water parks, you may have been to one of the company's properties. EPR is a real estate investment trust, or REIT, that specializes in experiential properties.
EPR Properties (EPR) closed the most recent trading day at $43.51, moving +1.99% from the previous trading session.