Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 63

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 further below, on June 3, 2025, we filed a new universal shelf registration statement and a new shelf registration statement for our Dividend Reinvestment and Direct Share Purchase Plan (“DSP Plan”) with the SEC.  

On September 22, 2025, we entered into amendment number one to our Fourth Amended, Restated and Consolidated Credit Agreement, dated as of September 19, 2024 (the "Amended Credit Agreement"), to remove the SOFR index adjustment with respect to loans denominated in U.S. dollars. 

31

Results of Operations

Three and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024 

Analysis of Revenue

The following table summarizes our total revenue (dollars in thousands):

Three Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeMinimum rent (1)$138,908 $132,828 $6,080 $407,586 $396,418 $11,168 Percentage rent (2)7,042 5,944 1,098 14,893 9,817 5,076 Straight-line rent3,541 4,414 (873)12,075 13,335 (1,260)Tenant reimbursements4,888 5,038 (150)15,569 15,111 458 Other rental revenue459 453 6 1,425 1,370 55 Total rental revenue$154,838 $148,677 $6,161 $451,548 $436,051 $15,497 Other income (3)12,135 17,419 (5,284)35,989 43,874 (7,885)Mortgage and other financing income (4)15,333 14,411 922 47,870 40,909 6,961 Total revenue$182,306 $180,507 $1,799 $535,407 $520,834 $14,573 

(1) For the three months ended September 30, 2025 compared to the three months ended September 30, 2024, the increase in minimum rent resulted from an increase of $4.3 million related to property acquisitions and developments completed in 2025 and 2024. In addition, there