EPR posts record Q2 investments with strong dividend growth and portfolio diversification.

EPR Properties reported a post-COVID record in Q2 by deploying $440 million at an attractive 8.5% cap rate, achieving a 1.1% investment spread. The company improved portfolio diversification by reducing theater exposure to about one-third of its annual base rent, with 99% of properties leased or operated. EPR also showed double-digit growth in adjusted funds from operations (AFFO) per share and offers a 5.8% yield, supporting continued dividend increases and potential for double-digit total returns. These results have prompted an upgrade to a buy rating, highlighting EPR's strong investment activity and dividend potential.