EPR Properties collected about 72% and 77% of contractual cash revenue for the first quarter and for April, respectively.
In reporting results, the diversified real estate investment trust said that year-to-date through April 30, collections of deferred rent and interest from accrual-basis tenants and borrowers that reduced receivables amounted to about $40.0 million.
As of April 30, approximately 96% of the company's non-theater properties and 71% of its theaters were open and operating. It is expected that about 98% of its theaters will be open by May 21 with the announced reopening of Regal Entertainment Group's locations.
During the quarter, EPR sold a theater and an outparcel for net proceeds of $13.7 million.
Six more theaters are under contract to be sold in transactions that are expected to close through the remainder of 2021 and into 2022.
The company invested $52.1 million in the first quarter, including the purchase of a Topgolf International Inc. property in San Jose, Calif., for $26.7 million.
