EPR Properties offers 6.4% yield with growth potential but hold advised amid macro risks.

EPR Properties presents a 6.4% dividend yield and a 6% projected growth in adjusted funds from operations (AFFO), making it attractive for income investors. The stock trades at a discounted forward price-to-AFFO ratio of 10.7x, with potential for a valuation increase as it shifts its portfolio away from theaters. Management has raised its 2026 AFFO and investment guidance following strong first-quarter results and increased investment activity. Despite these positives, a hold rating is recommended due to macroeconomic uncertainties, with a suggested buy opportunity if the price pulls back near $50.