Q4 2025 EARNINGS CALL PRESENTATION DISCLAIMER The financial results in this document reflect preliminary, unaudited results, which are not final until the Company's Annual Report on Form 10-K 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 21E of the Securities Exchange Act of 1934, as a ...

Exhibit 99.3 TABLE OF CONTENTS SECTION PAGE For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date hereof or the date of any document incorporated by reference herein. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expres ...

EPR Properties (NYSE:EPR) is a real estate investment trust (REIT) that focuses on properties in the entertainment, recreation, and education sectors. As a REIT, EPR is required to distribute at least 90% of its taxable income to shareholders, making it an attractive option for income-focused investors. The company competes with other REITs in the market, such as Realty Income and National Retail Properties.EPR is set to release its quarterly earnings on Wednesday, February 25, 2026. Wall Street analysts es ...

Wall Street analysts expect EPR Properties (EPR) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year increase of 5.7%. Revenues are expected to be $155.56 million, up 4.3% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timef ...

Core Insights - The primary focus of High Dividend Opportunities is to provide high-yield investments that can replace the income lost upon retirement, aiming for a yield of 8 to 10% to ensure consistent cash flow for living expenses without the need to sell shares [4][7][18]. Investment Strategy - The investment strategy emphasizes the importance of cash flow, with a portfolio designed to yield 8 to 10% annually, allowing for reinvestment and withdrawals to maintain income levels [7][20]. - The company has shifted focus towards fixed income opportunities, particularly preferred equities and bonds, as interest rates have risen, making these investments more attractive [21][24]. - A diversified portfolio is maintained, with no more than 2 to 3% allocated to any single investment to mitigate risks associated with dividend cuts [17][58]. Market Context - The current market environment has seen a rotation towards value investments, with a focus on tangible assets such as real estate and energy, which are expected to benefit from lower interest rates in the future [43][46][48]. - The company has observed that many dividend-paying stocks have seen price declines due to rising interest rates, but the focus remains on the cash flow generated by these investments rather than short-term price fluctuations [76][79]. Portfolio Composition - The portfolio is divided into four parts: two equity-focused (core one with closed-end funds and core two with individual high cash flow stocks) and two fixed income-focused (maturity ladder and preferred equity) [29][32][34]. - Closed-end funds (CEFs) are favored over ETFs due to their ability to trade at discounts during market downturns, providing opportunities for higher total returns [35][39]. Risk Management - The company emphasizes the importance of understanding the sustainability of dividends, particularly in sectors like REITs, where income can be variable due to regulatory requirements [26][27]. - Recent experiences with unexpected dividend cuts, such as Oxford Lane Capital's 50% reduction, highlight the need for ongoing assessment of company strategies and cash flow sustainability [60][62]. Educational Focus - High Dividend Opportunities places a strong emphasis on educating investors about the rationale behind investment choices and the importance of tracking cash flow, rather than solely focusing on share price [49][104]. - The company aims to empower investors to construct their own plans and understand the dynamics of dividend investing, fostering a community for ongoing discussion and support [69][106].

Core Insights - Significant outflows from large-cap tech stocks, particularly the Magnificent Seven, have been observed due to AI capex fatigue in 2026, with these stocks down over 7% year-to-date [2] Group 1: Company Overview - Seeking Alpha has a quantitative stock rating system that interprets data for investors, providing insights on investment directions [3] - The platform's quantitative strategies are led by Steven Cress, who has over 30 years of experience in equity research and portfolio management [3] Group 2: Market Trends - The shift in investment focus is moving from large-cap tech stocks to small-cap and more defensive, income-oriented stocks as investors react to market conditions [2]

Core Viewpoint - Macerich (MAC) reported quarterly funds from operations (FFO) of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and showing a slight increase from $0.47 per share a year ago, indicating a positive performance trend [1] Financial Performance - The company posted revenues of $261.7 million for the quarter ended December 2025, which was 7.63% below the Zacks Consensus Estimate and a decrease from $273.68 million in the same quarter last year [2] - Over the last four quarters, Macerich has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Macerich shares have increased by approximately 1.8% since the beginning of the year, contrasting with the S&P 500's zero return, indicating relative outperformance [3] Future Outlook - The future performance of Macerich's stock will largely depend on management's commentary during the earnings call and the company's FFO outlook for upcoming quarters [4][6] - The current consensus FFO estimate for the next quarter is $0.31 on revenues of $244.46 million, and for the current fiscal year, it is $1.47 on revenues of $992.64 million [7] Industry Context - The REIT and Equity Trust - Retail industry, to which Macerich belongs, is currently ranked in the top 25% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - The stock market is showing signs of nearing a top, as indicated by the Put/Call ratio being significantly below its long-term average of 0.70, suggesting investor overconfidence [1]. Group 1 - The Put/Call ratio is currently well below the long-term average, indicating a potential overconfidence among investors [1]. - The 10-year Treasury yield is mentioned, although specific details are not provided in the text [1].

Core Viewpoint - Monthly pay dividend stocks are highlighted as a reliable source of passive income for retirees, especially in the context of rising inflation and monthly expenses [1]. Group 1: Importance of Monthly Dividend Stocks - Monthly dividend stocks provide a steady stream of passive income, which is crucial for retirees managing monthly bills [1]. - Since 1926, dividends have contributed approximately 32% to the total return of the S&P 500, emphasizing their importance alongside capital appreciation [1]. - A study indicates that dividend stocks delivered an annualized return of 9.18% from 1973 to 2023, significantly outperforming non-payers, which returned 3.95% [1]. Group 2: Featured High-Yield Monthly Dividend Stocks - **Realty Income**: A REIT with a 5.21% dividend yield, it has paid monthly dividends for over 55 years and owns over 15,000 properties across various countries [1]. - **Main Street Capital**: Offers a 4.89% monthly dividend and focuses on providing capital solutions to private companies, with a strong history of monthly dividends [1]. - **Stag Industrial**: This industrial REIT has a 3.80% monthly dividend yield and focuses on single-tenant industrial properties, boasting a 97% occupancy rate [2]. - **Agree Realty Corporation**: A mid-cap REIT with a 4.13% dividend yield, it specializes in properties net-leased to retailers, ensuring a diversified portfolio [2]. - **EPR Properties**: This REIT focuses on experiential properties and offers a 6.28% dividend, with investments in various entertainment sectors [2].