EPR Properties: 3 Key Takeaways for Long-Term Investors

EPR Properties raised its 2026 investment spending guidance to $675-725 million as it diversifies away from movie theaters into live venues and fitness assets. The REIT deployed $172.4 million in Q3 at an 8.3% initial yield, benefiting from relationship-driven sourcing. Premium theater formats continue to outperform with properties generating 8% of North American box office on just 3% of screenings, while occupancy remains strong at 99%.