Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 24

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 the period$26,926 $62,405 Supplemental schedule of non-cash activity:Transfer of property under development to real estate investments$1,583 $111,154 Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses$25,858 $20,096 Supplemental disclosure of cash flow information:Cash paid during the period for interest$17,731 $17,265 Cash paid during the period for income taxes$1,231 $617 Interest cost capitalized$1,468 $958 Change in accrued capital expenditures$(13,524)$(6,762)

See accompanying notes to consolidated financial statements.

5

EPR PROPERTIESNotes to Consolidated Financial Statements (Unaudited)

1. Organization

Description of BusinessEPR Properties (the Company) was formed on August 22, 1997 as a Maryland real estate investment trust (REIT), and an initial public offering of the Company's common shares of beneficial interest (common shares) was completed on November 18, 1997. Since that time, the Company has been a leading diversified experiential net lease REIT specializing in select enduring experiential properties. The Company's underwriting is centered on key industry and property cash flow criteria, as well as the credit metrics of the Company's tenants and customers. The Company’s properties are located in the United States (U.S.) and Canada.

2. Summary of Significant Accounting Policies and Recently Issued Accounting Standards

Basis of PresentationThe accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. In addition, operating results for the three-month period ended March 31, 2025 are not necessarily indicative of the results that may be expected for the year ending December