Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 163

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 163
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 not currently subject to information reporting. Medicare Tax on Net Investment Income For taxable years beginning after December 31, 2012, U.S. debt holders who are individuals, estates or trusts and whose income exceeds certain thresholds are required to pay an additional 3.8% Medicare tax on, among other things, interest on the debt securities and capital gains from the sale or other taxable disposition of debt securities. The 3.8% tax is imposed on the lesser of (i) the U.S. debt holder’s “net investment income” for the taxable year and (ii) the excess of the U.S. debt holder’s modified adjusted gross income for the taxable year over a certain threshold (which in the case of individuals will be between $125,000 and $250,000 depending on the individual’s circumstances). A U.S. debt holder that is an individual, trust or estate should consult its tax advisor regarding the effect, if any, of this legislation on their acquisition, ownership and disposition of the debt securities. Taxation of Non-U.S.Debt Holders The following summary describes certain U.S. federal income tax consequences to “Non-U.S.debt holders” with respect to an investment in our debt securities. As used herein, the term “Non-U.S.debt holder” means a beneficial owner of our debt securities who, for U.S. federal income tax purposes is not a U.S. debt holder (as defined above) or an entity that is treated as a partnership for U.S. federal income tax purposes. Special rules may apply to certain Non-U.S.debt holders such as “controlled foreign corporations” and “passive foreign investment companies.” Such entities are encouraged to consult their tax advisors to determine the U.S. federal, state, local and other tax consequences that may be relevant to them. Payments of Interest Interest paid to a Non-U.S.debt holder will not be subject to U.S. federal income taxes or withholding tax if the interest is not effectively connected with the Non-U.S.debt holder’s conduct of a trade or business within the United States, and the Non-U.S.debt holder:

| • |     | does not actually or constructively own a 10% or greater interest in the total combined voting power of all 
 classes of our voting stock;                                                                                |

| • |     | is not a controlled foreign corporation with respect to which we are a “related person” within the 
 meaning of Section 864(d)(4) of the Code;                                                          |

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