Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 4

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 4
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 our dependence on third-party managers to operate certain of our properties; |

| • |     | Risks associated with our level of indebtedness; |

S-2

| • |     | Risks associated with use of leverage to acquire properties; |

| • |     | Financing arrangements that require lump-sum payments; |

| • |     | Our ability to raise capital; |

| • |     | The concentration of our investment portfolio; |

| • |     | Our continued qualification as a real estate investment trust for U.S. federal income tax purposes and related tax matters; |

| • |     | The ability of our subsidiaries to satisfy their obligations; |

| • |     | Financing arrangements that expose us to funding and completion risks; |

| • |     | Our reliance on a limited number of associates, the loss of which could harm operations; |

| • |     | Risks associated with the employment of personnel by managers of certain of our properties; |

| • |     | Risks associated with the gaming industry; |

| • |     | Risks associated with gaming and other regulatory authorities; |

| • |     | Delays or prohibitions of transfers of gaming properties due to required regulatory approvals; |

| • |     | Risks associated with security breaches and other disruptions; |

| • |     | Changes in accounting standards that may adversely affect our financial statements; |

| • |     | Fluctuations in the value of real estate income and investments; |

| • |     | Risks relating to real estate ownership, leasing and development, including local conditions such as an oversupply of space                                                                                                                           
 or a reduction in demand for real estate in the area, competition from other available space, whether tenants and users such as customers of our tenants consider a property attractive, changes in real estate taxes and other expenses, changes in  
 market rental rates, the timing and costs associated with property improvements and rentals, changes in taxation or zoning laws or other governmental regulation, whether we are able to pass some or all of any increased operating costs through to 
 tenants or other customers, and how well we manage our properties;                                                                                                                                                                                    |

| • |     | Our ability to secure adequate insurance and risk of potential uninsured losses, including from natural disasters; |

| • |     | Risks involved in joint ventures; |

| • |     | Risks in leasing multi-tenant properties; |

| • |     | Risks associated with litigation that could negatively impact our financial condition, cash flows, results of operations