Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 124

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 124
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321 $— Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses$21,325 $25,277 $21,751 Operating lease right-of-use asset and related operating lease liability recorded for new ground lease$— $— $36,741 Supplemental disclosure of cash flow information:Cash paid during the period for interest$129,457 $125,654 $125,808 Cash paid during the period for income taxes$2,646 $1,495 $1,282 Interest cost capitalized$3,468 $3,566 $1,286 Change in accrued capital expenditures$(824)$6,466 $896 

See accompanying notes to consolidated financial statements.

67

EPR PROPERTIES Notes to Consolidated Financial StatementsDecember 31, 2024, 2023 and 2022

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

Principles of ConsolidationThe consolidated financial statements include the accounts of EPR Properties and its subsidiaries, all of which are wholly owned.Variable Interest EntitiesThe Company consolidates certain entities when it is deemed to be the primary beneficiary in a variable interest entity (VIE) in which it has a controlling financial interest in accordance with the consolidation guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). The equity method of accounting is applied to joint ventures and other similar entities in which the Company is not the primary beneficiary as defined in the FASB ASC Topic on Consolidation (Topic 810), but can exercise influence over the entity with respect to its operations and major decisions.The Company’s variable interest in VIEs currently are in the form of equity ownership and loans provided by the Company to a VIE.