EPR Properties is upgraded to Strong Buy, driven by robust AFFO growth, portfolio diversification, and a compelling, sustainable 7.3% yield. EPR accelerates its shift away from theaters, executing $168.3M in dispositions and acquiring $342M in regional parks recently, targeting less than 20% theater exposure within 3-5 years. Guidance for 2026 anticipates FFO/share of $5.28–$5.48, with $400–$500M in investment spending and $25–$75M in dispositions.









