Portfolio Overview - Total portfolio coverage increased to 2.0x TTM March 2025 from 1.9x YE 2019[14] - Experiential portfolio consists of 276 properties with 51 operators, totaling approximately $6.4 billion in investments and is 99% leased or operated[15] - Education portfolio includes 55 properties with 5 operators, and is 100% leased[15] - Q1 investment spending reached $37.7 million[17] Box Office and Spending Trends - Q1 box office was $1.4 billion, a decrease of 11.6% compared to 2024[22] - Year-to-date box office through May 5 is $2.5 billion, an increase of 17.1% compared to 2024[22] - Per patron food and beverage (F&B) spending increased by approximately 60% from 2019 to 2024[24] - Margin on ticket sales is 46%, while margin on F&B sales is 82%[24] Capital Activity - Properties were sold, resulting in $70.8 million in net proceeds and a net gain of $9.4 million[41] - Sold a portfolio of 9 leased early childhood education centers (ECEs) at a 7.4% cap rate[41] - Received $8.1 million in net proceeds from the payment in full of two mortgages[38] Financial Performance & Guidance - Total revenue for the quarter ended March 31, 2025, was $175.0 million, a 4.7% increase from $167.2 million in 2024[45] - Net income attributable to common shareholders was $59.8 million, a 5.5% increase from $56.7 million in 2024[45] - The company revised its 2025 disposition proceeds guidance to $80 million - $120 million[52]

Exhibit 99.3 TABLE OF CONTENTS CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS The financial results in this document reflect preliminary, unaudited results, which are not final until the Company's Quarterly Report on Form 10-Q is filed. With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 2 ...

Core Viewpoint - Wall Street analysts anticipate EPR Properties will report quarterly earnings of $1.19 per share, reflecting a year-over-year increase of 6.3%, with revenues expected to reach $146.95 million, up 3.3% from the previous year [1]. Group 1: Earnings Estimates - The consensus EPS estimate has been revised 0.8% higher over the last 30 days, indicating a collective reevaluation by analysts [1]. - The consensus estimate for 'Depreciation and amortization' is projected at $40.71 million, slightly up from $40.47 million year-over-year [5]. Group 2: Revenue Projections - Analysts expect 'Revenue- Rental revenue' to be $146.95 million, indicating a 3.3% year-over-year increase [4]. - 'Revenue- Mortgage and other financing income' is estimated at $15.03 million, reflecting a 16.4% increase from the year-ago quarter [4]. - 'Revenue- Other income' is forecasted to reach $28.60 million, suggesting a significant year-over-year change of 137.6% [4]. Group 3: Market Performance - Over the past month, shares of EPR Properties have returned +9.8%, compared to the Zacks S&P 500 composite's +11.5% change [6]. - EPR Properties currently holds a Zacks Rank 2 (Buy), indicating potential outperformance in the near future [6].

Core Viewpoint - Investing in monthly dividend stocks, particularly real estate investment trusts (REITs), provides a reliable source of passive income, making them attractive options for investors seeking regular cash flow [3][12]. Group 1: Monthly Dividend Stocks - Several REITs, including Agree Realty, EPR Properties, and Stag Industrial, offer monthly dividend payments, making them suitable for investors looking for consistent income [3][12]. - Agree Realty has a dividend yield of approximately 4%, significantly higher than the S&P 500's yield of less than 1.5% [4]. - EPR Properties boasts a higher dividend yield of over 7%, focusing on experiential properties like movie theaters and attractions [7]. Group 2: Financial Performance and Stability - Agree Realty maintains a low dividend payout ratio of 72% of its adjusted funds from operations (FFO), allowing for cash retention to invest in additional properties [6]. - EPR Properties expects its payout ratio to be between 69% and 72% of its adjusted FFO, providing a cushion for new investments while covering high-yield payouts [8]. - Stag Industrial has a 74% dividend payout ratio, generating about $95 million in annual free cash flow after dividends, which supports new investments [10]. Group 3: Growth Potential - Agree Realty has demonstrated a 5.5% compound annual dividend growth over the past decade, supported by a stable income from its retail property portfolio [6]. - EPR Properties anticipates annual FFO per share growth of 3% to 4%, aligning with its investment capacity of $200 million to $300 million each year [8]. - Stag Industrial has consistently increased its dividend since going public in 2011, driven by rental increases and value-enhancing acquisitions [11]. Group 4: Investment Strategy - The REITs mentioned are characterized by their ability to generate sufficient cash flow to cover dividends while also investing in portfolio expansion, which contributes to rental income growth [12]. - Agree Realty focuses on single-tenant properties with strong retailers, while Stag Industrial targets industrial properties with potential for higher returns through lease escalations and expansions [5][11].

Group 1 - The news cycle is divided, with one side focused on the current presidential administration while the other side is less engaged [1] - There is a strong emphasis on creating a portfolio that generates income without the need for selling assets, appealing to those looking for retirement solutions [3] - The Income Method promoted by the company aims to deliver strong returns, targeting a yield of 9-10% [3] Group 2 - The company offers a month-long paid trial for $49, with an additional 5% discount, to attract new members to their investment group [3] - The focus on dividends highlights the potential for steady income generation, which is a key selling point for retirement investors [3]

AGNC Investment (AGNC -1.19%) stands out among dividend stocks. The real estate investment trust (REIT) currently pays a monster dividend that yields 17%. That's more than 10 times higher than the S&P 500's 1.4% dividend yield. Even better, the REIT pays its dividend monthly instead of the quarterly schedule of most dividend stocks. AGNC Investment has caught my attention, as someone who loves to collect passive income. However, I haven't added the REIT to my portfolio and probably won't buy shares anytime ...

Group 1 - The current trade policy of the United States is causing significant market volatility, which creates uncertainty and unpredictability [1] - Opportunistic investors can take advantage of the current market conditions to open or expand their positions [1] - The focus on high-yield Real Estate Investment Trusts (REITs) is emphasized as a strategy for generating stable passive income [1] Group 2 - The investment approach prioritizes fundamental economic insights to assess market trends [1] - The strategy aligns with value and income-focused methodologies, particularly in the context of REITs [1]

Group 1: EPR Properties Overview - EPR Properties shares increased by 8.2% to close at $47.10, following a significant trading volume compared to normal sessions, despite a 16.3% loss over the past four weeks [1] - The expected quarterly funds from operations (FFO) for EPR Properties is $1.16 per share, reflecting a year-over-year growth of 3.6%, with revenues projected at $146.65 million, up 3.1% from the previous year [2] - The consensus estimate for FFO per share has been revised slightly higher in the last 30 days, indicating a positive trend that may lead to price appreciation [3] Group 2: Industry Context - EPR Properties is part of the Zacks REIT and Equity Trust - Retail industry, where Phillips Edison & Company, Inc. also operates, showing a 4.2% increase in its last trading session [3] - Phillips Edison & Company's FFO per share estimate for the upcoming report has increased by 1.3% to $0.63, representing a 5% year-over-year change, but it currently holds a Zacks Rank of 4 (Sell) [4]

If you haven't noticed yet, it's been a rough period for the stock market over the past week or so. After President Donald Trump announced much harsher tariff rates than most experts were expecting, the S&P 500 fell well into correction territory, and the Nasdaq even finished the week in a bear market, down by more than 20% from its recent highs.Of course, there are many businesses that could take a big hit from tariffs. An obvious example would be retailers who primarily sell imported products. And if tari ...

Market Overview - The stock market has experienced a significant decline due to higher-than-expected tariffs from the Trump administration, raising concerns about a potential trade war and global economic slowdown [1] - A positive outcome from the market turmoil is the decline in U.S. Treasury bond yields, with the 10-year note's yield falling below 4%, down from over 4.75% earlier in the year [1] Real Estate Sector Impact - The falling 10-year rate is a key benchmark for the real estate sector, leading to an increase in commercial real estate values and cheaper borrowing costs for new investments and refinancing [2] - This environment may provide a substantial boost to real estate investment trusts (REITs) [2] Realty Income - Realty Income owns a diversified portfolio of commercial real estate and net leases these properties to leading companies, providing stable income as tenants cover all operating costs [3] - The REIT pays out approximately 75% of its stable cash flow in dividends, currently yielding 5.7%, while retaining the rest for further investments [4] - Despite financial strength, higher rates previously limited its capital-raising ability, with investments dropping from $9.5 billion in 2022 to a planned $4 billion in 2023; the decline in the 10-year yield should lower its cost of capital and enable increased investment volume [5] W. P. Carey - W. P. Carey also has a diversified real estate portfolio, net leased to high-quality tenants, supporting a high-yielding dividend of 5.9% [6] - The company plans to invest between $1 billion and $1.5 billion this year, with the ability to fund investments without accessing the equity market through sales of noncore assets [7][8] - Improved interest rates may allow the REIT to raise additional capital at attractive costs, facilitating increased investment volume [8] EPR Properties - EPR Properties focuses on experiential real estate, net leasing properties like movie theaters and attractions, providing stable income to support a 7.7% dividend yield [9] - The REIT estimates it can self-fund $200 million to $300 million in new investments this year, with a projected cash flow per share growth of 3% to 4% annually [10][11] - Falling interest rates could enable EPR Properties to access capital markets for additional funding, increasing its investment rate and growth potential [11] Conclusion - Realty Income, W.P. Carey, and EPR Properties offer high-yielding dividends supported by stable income streams from their properties [12] - With declining interest rates, these REITs have the potential to ramp up investment volumes and achieve faster growth, making them attractive dividend stocks amid current market conditions [13]