Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 40

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 estimated by discounting the future cash flows of each instrument using current market rates. At June 30, 2025, the Company had a carrying value of $666.2 million in fixed-rate mortgage notes receivable outstanding, including related accrued interest and allowance for credit losses, with a weighted average interest rate of approximately 8.94%. The fixed-rate mortgage notes bear interest at rates of 7.15% to 12.69%. Discounting the future cash flows for fixed-rate mortgage notes receivable using estimated market rates of 7.30% to 11.40%, management estimates the fair value of the fixed-rate mortgage notes receivable to be approximately $707.3 million with an estimated weighted average market rate of 8.09% at June 30, 2025.At December 31, 2024, the Company had a carrying value of $665.8 million in fixed-rate mortgage notes receivable outstanding, including related accrued interest and allowance for credit losses, with a weighted 

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average interest rate of approximately 8.88%. The fixed-rate mortgage notes bear interest at rates of 7.15% to 12.50%. Discounting the future cash flows for fixed-rate mortgage notes receivable using estimated market rates of 7.45% to 10.00%, management estimates the fair value of the fixed-rate mortgage notes receivable to be $701.7 million with an estimated weighted average market rate of 8.08% at December 31, 2024.Derivative instruments:Derivative instruments are carried at their fair value.Debt instruments:The fair value of the Company's debt is estimated by discounting the future cash flows of each instrument using current market rates. At June 30, 2025, the Company had a carrying value of $430.0 million in variable-rate debt outstanding with an average interest rate of approximately 5.38%. The carrying value of the variable-rate debt outstanding approximated the fair value at June 30, 2025.At December 31, 2024, the Company had a carrying value of $200.0 million in variable-rate debt outstanding with an interest rate of approximately 5.34%. The carrying value of the variable-rate debt outstanding approximated the fair value at December 31, 2024.At both June 30, 2025 and December 31, 2024, $25.0 million of the variable-rate debt outstanding, discussed above, had been effectively converted to a fixed