EPR Properties

Realty Income, AGNC Investment, and EPR Properties stand out as monthly-pay REITs for retirement income in August 2026, each clearing the 4.63% 10-year Treasury yield bar with covered dividends and forward AFFO growth. Realty Income raised full-year AFFO per share guidance to $4.44 to $4.45, roughly 4% growth, and lifted 2026 investment volume guidance to $10 billion, with Q2 investments closing at a 7.3% initial weighted average cash yield and portfolio occupancy at 98.8%. AGNC Investment delivered a 6.7% economic return for Q2 and a 12.3% total stock return with dividends reinvested, with CEO Peter Federico citing projected ROEs of 15% to 17% on marginal investments at 7 to 7.5x leverage. EPR Properties posted Q2 FFO as adjusted per share up 12.7% to $1.42 and AFFO per share up 15.3%, with an AFFO payout ratio of 65% and management raising 2026 FFOAA guidance to $5.41 to $5.57.

EPR Properties reported second-quarter 2026 total revenue of $196.1 million, up from $178.1 million a year earlier, and raised its full-year FFO as adjusted per share guidance to a range of $5.41 to $5.57. The company deployed a post-COVID high of $440.8 million in investments during the quarter at an average initial cash yield of approximately 8.5%, bringing year-to-date investment spending to $492.2 million, and increased its 2026 investment spending guidance to $600 million to $700 million. FFO as adjusted per share rose 12.7% to $1.42, while AFFO per share climbed 15.3% to $1.43. The portfolio of 346 properties remained 99% leased or operated, with unit-level rent coverage steady at 2 times, and the company established a new $1.6 billion credit agreement to strengthen its financial position.

J.P. Morgan has added EPR Properties to its July US Equity Analyst Focus List, highlighting the real estate investment trust's safe and growing monthly dividend yield above 6%. The firm expects EPR Properties' earnings growth to be toward the top of the net-lease REIT peer group, with a price target of $62. The list also features four other dividend-paying stocks: Annaly Capital Management with a 12.5% yield and a $24 target, AT&T yielding 5.42% with a $34 target, First Industrial Realty Trust yielding 2.94% with a $70 target, and Kontoor Brands yielding 2.47% with a $90 target.