Core Insights - AGNC Investment and EPR Properties are two high-yield monthly dividend REITs, with AGNC offering a yield of 14.5% and EPR at 6.5% [1] - AGNC has maintained a monthly dividend of $0.12 per share for over five consecutive years, while EPR recently declared a monthly dividend of $0.295 per share [2][6] AGNC Investment - AGNC generates cash for its dividends by investing in Agency mortgage-backed securities (MBS), which are low-risk due to guarantees against credit losses by government entities [3] - The company employs leverage through repurchase agreements to enhance returns, achieving a return on equity in the 18% to 20% range on new investments, which is above its cost of capital [4] - AGNC's returns and costs are variable, and it may need to adjust its dividend payout if market conditions change, as seen during the pandemic [5] EPR Properties - EPR has been increasing its dividend consistently, with raises of 10% for 2022, 3.6% for 2024, and 3.5% for 2025, despite a temporary suspension during the pandemic [6][9] - The REIT's cash flow is supported by a diverse portfolio of over 300 properties leased to more than 200 tenants, generating stable rental income through long-term triple-net leases [7][8] - EPR allocates about 70% of its cash flow to dividends, allowing for reinvestment in new properties, with plans to invest between $200 million and $300 million annually [8][9] Investment Considerations - AGNC is suitable for investors seeking maximum payout and willing to accept higher risk, while EPR is better for those preferring steady growth and lower risk [10]