Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 18

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 18
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 ratings or comply with our debt covenants; |

| • |     | increases or decreases in market interest rates; |

S-15

| • |     | changes in market valuations of similar companies; |

| • |     | adverse market reaction to any securities we may issue or additional debt we incur in the future; |

| • |     | additions or departures of key management personnel; |

| • |     | actions by institutional investors; |

| • |     | speculation in the press or investment community; |

| • |     | high levels of volatility in the credit markets; |

| • |     | the realization of any of the other risk factors included in or incorporated by reference in this prospectus supplement and 
 the accompanying prospectus; and                                                                                            |

| • |     | general market and economic conditions. |

In addition, many of the factors listed above are beyond our control. These factors may cause the market price of the notes to decline, regardless of our financial condition, results of operations, business or prospects. It is impossible to assure investors that the market price of the notes will not decline in the future, and it may be difficult for investors to resell the notes at prices they find attractive, or at all. An increase in interest rates could result in a decrease in the market value of the notes. In general, as market interest rates rise, the value of notes bearing interest at a fixed rate generally decline. Consequently, if you purchase these notes and market interest rates increase, the market value of your notes may decline. We cannot predict the future level of market interest rates. Our credit ratings may not reflect all risks of an investment in the notes. Our credit ratings are an assessment by rating agencies of our ability to pay our debts when due. Consequently, real or anticipated changes in our credit ratings will generally affect the market value of the notes. Agency ratings are not a recommendation to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization. Additionally, credit ratings may not reflect the potential effect of risks relating to the structure or marketing of the notes. Each agency’s ratings should be evaluated independently of any other agency’s rating. Any future lowering of our credit ratings likely would make it more difficult or more expensive for us to obtain additional debt financing. If any credit rating initially assigned to the notes is subsequently lowered or withdrawn for any reason, you may not be able to resell your notes without a substantial discount. S-16

Use of proceeds

The