Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 91

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 to be considered alternatives to net income or any other GAAP measure as a measurement of the results of our operations or our cash flows or liquidity as defined by GAAP. It should also be noted that not all REITs calculate FFO, FFOAA and AFFO the same way so comparisons with other REITs may not be meaningful.

The following table summarizes our FFO, FFOAA and AFFO including per share amounts for FFO and FFOAA, for the three and six months ended June 30, 2025 and 2024 and reconciles such measures to net income available to common shareholders, the most directly comparable GAAP measure (unaudited, in thousands, except per share information):

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024FFO:Net income available to common shareholders of EPR Properties$69,603 $39,062 $129,374 $95,739 Gain on sale of real estate(16,779)(1,459)(26,163)(19,408)Impairment of real estate investments, net— 11,812 — 11,812 Real estate depreciation and amortization41,939 41,289 82,871 81,571 Allocated share of joint venture depreciation985 2,457 2,021 4,873 FFO available to common shareholders of EPR Properties$95,748 $93,161 $188,103 $174,587 

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 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024FFO available to common shareholders of EPR Properties$95,748 $93,161 $188,103 $174,587 Add: Preferred dividends for Series C preferred shares1,938 1,938 3,876 3,876 Add: Preferred dividends for Series E preferred shares1,938 1,938 3,876 3,876 Diluted FFO available to common shareholders of EPR Properties$99,624 $97,037 $195,855 $182,339 FFOAA:FFO available to common shareholders of EPR Properties$95,748 $93,161 $188,103 $174,587 Retirement and severance expense— — — 1,836 Transaction costs669 199