Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 58

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 sold during the six months ended June 30, 2025, partially offset by better performance at existing operating properties.

(4) The increase in mortgage and other financing income for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024 related to interest income on a new mortgage note funded in 2024 and from additional investments on existing mortgage note receivables in 2025 and 2024. In addition, $1.8 million of participating interest income was recognized during the six months ended June 30, 2025, which related to amounts under review with one borrower regarding the calculation of participating interest income from prior periods that was resolved during the six months ended June 30, 2025. No participating interest income was recognized during the six months ended June 30, 2024. 

Analysis of Expenses and Other Line Items

The following table summarizes our expenses and other line items (dollars in thousands):

Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeProperty operating expense$14,661 $14,427 $234 $29,832 $29,347 $485 Other expense (1)11,959 14,833 (2,874)24,570 27,809 (3,239)General and administrative expense13,230 12,020 1,210 27,254 25,928 1,326 Retirement and severance expense (2)— — — — 1,836 (1,836)Transaction costs 669 199 470 1,236 200 1,036 Provision (benefit) for credit losses, net (3)997 404 593 345 3,141 (2,796)Impairment charges (4)— 11,812 (11,812)— 11,812 (11,812)Depreciation and amortization 42,080 41,474 606 83,169 81,943 1,226 Gain on sale of real estate (5)16,779 1,459 15,320 26,163 19,408 6,755 Interest expense, net (6)33,246 32,820 426 66,267 64,471 1,796 Equity in loss from