Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 17

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 17
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 our subsidiaries), none of which was secured, and our subsidiaries collectively had indebtedness (including certain accounts payable and accrued liabilities, certain unearned rents and interest and certain operating lease liabilities) of $311.0 million, of which $25.0 million was secured, in each case excluding intercompany indebtedness. There is no established trading market for the notes. If an actual trading market does not develop for the notes, you may not be able to resell them quickly, for the price that you paid or at all. The notes will constitute new issues of securities and there is no established trading market for the notes. We do not intend to apply for the notes to be listed on any securities exchange or to arrange for quotation of the notes on any automated dealer quotation system. The underwriters have advised us that they intend to make a market in the notes, but they are not obligated to do so. Each underwriter may discontinue any market making in the notes at any time, in its sole discretion, without notice. As a result, we cannot assure you as to the liquidity of any trading market for the notes. We also cannot assure you that you will be able to sell your notes at a particular time or at all, or that the prices that you receive when you sell them will be favorable. If no active trading market develops, you may not be able to resell your notes at their fair market value, or at all. The liquidity of, and trading market for, the notes may also be adversely affected by, among other things:

| • |     | prevailing interest rates; |

| • |     | our operating performance and financial condition; |

| • |     | the interest of securities dealers in making a market; and |

| • |     | the market for similar securities. |

It is possible that the market for the notes will be subject to disruptions. Any disruptions may have a negative effect on holders of the notes, regardless of our prospects and financial performance. The market price of the notes may fluctuate significantly. The market price of the notes may fluctuate significantly in response to many factors, including:

| • |     | actual or anticipated variations in our operating results, funds from operations, cash flows, liquidity or distributions; |

| • |     | changes in our earnings estimates or the estimates of analysts covering our Company; |

| • |     | publication of research reports about us or the real estate industry or the sectors in which we operate; |

| • |     | the failure to maintain our current credit