Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 117

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 117
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579 Retirement and severance expense1,836 547 — Transaction costs798 1,554 4,533 Provision (benefit) for credit losses, net12,247 878 10,816 Impairment charges51,764 67,366 27,349 Depreciation and amortization165,733 168,033 163,652 Total operating expenses398,497 397,072 347,723 Gain (loss) on sale of real estate16,101 (2,197)651 Income from operations315,672 306,399 310,959 Costs associated with loan refinancing or payoff337 — — Interest expense, net130,810 124,858 131,175 Equity in loss from joint ventures8,809 6,768 1,672 Impairment charges on joint ventures28,217 — 647 Income before income taxes147,499 174,773 177,465 Income tax expense1,433 1,727 1,236 Net income146,066 173,046 176,229 Preferred dividend requirements24,144 24,145 24,141 Net income available to common shareholders of EPR Properties$121,922 $148,901 $152,088 Net income available to common shareholders of EPR Properties per share: Basic$1.61 $1.98 $2.03 Diluted$1.60 $1.97 $2.03 Shares used for computation (in thousands):Basic75,636 75,260 74,967 Diluted75,999 75,715 75,043 Other comprehensive income:Net income$146,066 $173,046 $176,229 Foreign currency translation adjustment(23,036)6,851 (20,474)Unrealized gain (loss) on derivatives, net15,984 (5,452)12,416 Comprehensive income attributable to EPR Properties$139,014 $174,445 $168,171 

See accompanying notes to consolidated financial statements.

63

EPR PROPERTIESConsolidated Statements of Changes in EquityYears Ended December 31, 2024, 2023 and 2022(Dollars in thousands) EPR Properties Shareholders’ Equity  Common StockPreferred Stock