Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 65

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 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 nine months ended September 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 nine months ended September 30, 2025. No participating interest income was recognized during the nine months ended September 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 September 30,Nine Months Ended September 30,20252024Change20252024ChangeProperty operating expense$14,478 $14,611 $(133)$44,310 $43,958 $352 Other expense (1)11,173 15,631 (4,458)35,743 43,440 (7,697)General and administrative expense (2)14,001 11,935 2,066 41,255 37,863 3,392 Retirement and severance expense1,094 — 1,094 1,094 1,836 (742)Transaction costs 492 175 317 1,728 375 1,353 Provision (benefit) for credit losses, net (3)9,117 (770)9,887 9,462 2,371 7,091 Impairment charges (4)— — — — 11,812 (11,812)Depreciation and amortization 42,409 42,795 (386)125,578 124,738 840 Gain (loss) on sale of real estate and early ground lease termination (5)8,073 (3,419)11,492 34,236 15,989 18,247 Costs associated with loan refinancing or payoff— 337 (337)— 337 (337)Interest expense, net 33,238 32,867 371 99,505 97,338 2,167 Equity in (income) loss from joint ventures (6)(2,934)851 (3,785)1,394 5,384 (3,990)Impairment charges on joint ventures