EPR PROPERTIES — Form 8-K

EPR Properties raised FY2026 FFOAA per share guidance to $5.49–$5.57 (from $5.41–$5.57) and investment spending to $675–$725M (from $600–$700M). Q3 2026 revenue was $204.1M (+12% YoY), FFOAA per share $1.49 (+8.8% YoY), and AFFO per share $1.54 (+10.8% YoY). YTD investment spending totaled $664.5M. The company executed a new $1.6B credit agreement with a $600M term loan (fully drawn) maturing 2032 and extended its revolver maturity to July 2030; repaid $179.6M in Series B notes on Aug 24, 2026. It entered forward sale agreements for 1.1M shares at $60.79/share average ($66.6M gross proceeds) and holds $134.6M unsettled forward sale proceeds. Portfolio expanded to include first Live Nation venue (Portland) and first Life Time fitness center acquisition (Irvine, CA). Sold one education property (British School of Chicago) for $68.2M net proceeds with $30.5M gain.