Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 45

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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September 30, 2025Cross-Currency Swaps (1)$— $380 $— $380 Cross-Currency Swaps (2)$— $(64)$— $(64)Currency Forward Agreements (2)— (4,284)— (4,284)Interest Rate Swap Agreements (1)— 288 — 288 December 31, 2024Cross-Currency Swaps (1)$— $1,475 $— $1,475 Currency Forward Agreements (2)— (26)— (26)Interest Rate Swap Agreements (1)— 677 — 677 (1) Included in "Other assets" in the accompanying consolidated balance sheets.(2) Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets.

18

Fair Value of Financial InstrumentsThe following methods and assumptions were used by the Company to estimate the fair value of each class of financial instruments at September 30, 2025 and December 31, 2024: Mortgage notes receivable and related accrued interest receivable, net:The fair value of the Company’s mortgage notes and related accrued interest receivable, net, is estimated by discounting the future cash flows of each instrument using current market rates. At September 30, 2025, the Company had a carrying value of $696.4 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 8.87%. 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 7.05% to 11.00%, management estimates the fair value of the fixed-rate mortgage notes receivable to be approximately $743.0 million with an estimated weighted average market rate of 7.91% at September 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 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