Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 140

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 140
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 real estate investments as of December 31, 2024 and 2023 (in thousands):20242023Buildings and improvements$4,632,557 $4,609,050 Furniture, fixtures & equipment118,575 115,596 Land1,218,418 1,219,943 Leasehold interests28,453 28,453 5,998,003 5,973,042 Accumulated depreciation(1,562,645)(1,435,683)Total$4,435,358 $4,537,359 Depreciation expense on real estate investments was $161.9 million, $159.3 million and $158.8 million for the years ended December 31, 2024, 2023 and 2022, respectively.

77

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

4. Investments and Dispositions

Acquisitions and DevelopmentThe Company's investment spending during the years ended December 31, 2024 and 2023 totaled $263.9 million and $269.4 million, respectively, and is detailed below (in thousands):For the Year Ended December 31, 2024Investment TypeTotal Investment SpendingNew DevelopmentRe-developmentAsset AcquisitionMortgage Notes or Notes ReceivableInvestment in Joint VenturesExperiential: Theatres$370 $— $370 $— $— $— Eat & Play42,254 30,058 1,118 — 11,078 — Attractions78,025 — 164 33,437 44,424 — Ski2,018 — — — 2,018 — Experiential Lodging9,411 — — — — 9,411 Fitness & Wellness129,710 24,080 48,412 — 57,218 — Cultural2,132 — 2,132 — — — Total Experiential263,920 54,138 52,196 33,437 114,738 9,411 Education:Total Education— — — — — — Total Investment Spending$263,920 $54,138 $52,196 $33,437 $114