EPR falls after update on cinema chain Cineworld's obligations

EPR Properties

17/08/2022 17:52

** Shares of retail REIT EPR Properties  EPR.N  down 6.9% at
$51.63
    ** EPR says that Regal theatres, leased by UK's Cineworld
 CINE.L  units, has made all payments due to co as of Aug. 17 
    ** In a regulatory filing, EPR discloses it is not in
current negotiations with Regal or Cineworld about their
obligations 
    ** Cineworld, the world's second largest cinema chain, said
earlier on Wednesday that it was still in talks over potential
funding or balance sheet restructuring  urn:newsml:reuters.com:*:nL4N2ZT18A 
    ** Cineworld warned admission levels at its theatres are
likely to stay lower than expected until November, hurting the
company in the near term 
    ** As of last close, EPR was up 8.6% YTD 

 (Reporting by Vansh Agarwal)
 ((Vansh.Agarwal@thomsonreuters.com;))