Fitch revises EPR Properties view to stable

Fitch Rating said it affirmed the ratings of EPR Properties, including the issuer default rating at BB+, and revised the outlook to stable from negative.

“The affirmation and stable outlook reflect Fitch's expectations that the company will sustain metrics appropriate for the rating, including leverage (net debt/recurring operating EBITDA) decreasing below 6.5x and a fixed-charge coverage ratio at or above 2.0x,” Fitch said in a news release.

“Indeed, stronger rent collections during 2H21 and 2022 should drive leverage to the high-5x range next year and the mid-5x range during 2023.”

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