Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 35

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with the Company's accounting policy election.

12

Below is a summary of the effect of derivative instruments on the consolidated statements of changes in equity and income for the three months ended March 31, 2025 and 2024.Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Comprehensive Income for the Three Months Ended March 31, 2025 and 2024 (Dollars in thousands) Three Months Ended March 31,Description20252024Cash Flow HedgesInterest Rate SwapsAmount of Gain Recognized in AOCI on Derivative$20 $334 Amount of Income Reclassified from AOCI into Earnings (1)120 183 Cross-Currency SwapsAmount of Gain Recognized in AOCI on Derivative 68 342 Amount of Income Reclassified from AOCI into Earnings (2)272 227 Net Investment HedgesCurrency Forward AgreementsAmount of Gain Recognized in AOCI on Derivative 312 4,466 TotalAmount of Gain Recognized in AOCI on Derivatives $400 $5,142 Amount of Income Reclassified from AOCI into Earnings 392 410 Interest expense, net in accompanying consolidated statements of income and comprehensive income $33,021 $31,651 Other income in accompanying consolidated statements of income and comprehensive income $11,636 $12,037 (1) Included in "Interest expense, net" in the accompanying consolidated statements of income and comprehensive income for the three months ended March 31, 2025 and 2024.(2) Included in "Other income" in the accompanying consolidated statements of income and comprehensive income for the three months ended March 31, 2025 and 2024.Credit-risk-related Contingent FeaturesThe Company has an agreement with its interest rate derivative counterparty that contains a provision where, if the Company defaults on any of its obligations for borrowed money or credit in an amount exceeding $50.0 million and such default is not waived or cured within a specified period of time, including default where repayment of the indebtedness has not been accelerated by the lender, the Company could also be declared in default on its interest rate derivative agreements.  As of March 31, 2025, the Company had no derivatives in a liability position related to these agreements. As of March 31, 2025, the