Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 53

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 53
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 purposes as return of capital to the extent of, and in reduction of, a shareholder’s tax basis in our shares. Our current or accumulated earnings and profits are generally allocated first to distributions made on our preferred shares, if any, and thereafter to distributions made on our common shares. For all of these purposes, our distributions include cash distributions and any in kind distributions of property that we might make. If we qualify as a REIT, we will, however, be subject to U.S. federal income tax in the following circumstances:

| • |     | We will be taxed at regular corporate rates on any undistributed REIT taxable income, including undistributed net 
 capital gains.                                                                                                    |

| • |     | If we have (a) net income from the sale or other disposition of “foreclosure property” (defined                                                                                                                                                    
 generally as property we acquired through foreclosure or after a default on a loan secured by the property or a lease of the property) which is held primarily for sale to customers in the ordinary course of business or (b) other nonqualifying 
 income from foreclosure property, we will be subject to tax at the highest U.S. federal corporate income tax rate, currently 21%, on this income.                                                                                                  |

| • |     | We will be subject to a 100% tax on any net income from prohibited transactions (which are, in general, certain                                                                  
 sales or other dispositions of property (other than foreclosure property) included in our inventory or held primarily for sale to customers in the ordinary course of business). |

| • |     | We may elect to retain and pay income tax on our net long-term capital gain. In that case, a U.S. Shareholder (as                                                                                                                                         
 defined below) would be taxed on its proportionate share of our undistributed long-term capital gain (to the extent we make a timely designation of such gain to the shareholder) and would receive a credit or refund for its proportionate share of the 
 tax we paid.                                                                                                                                                                                                                                              |

| • |     | If we fail to satisfy the 75% or 95% gross income tests (as discussed below), but our failure is due to                                                                                                
 reasonable cause and not due to willful neglect and we nonetheless maintain our qualification as a REIT because we satisfied certain other requirements, we will be subject to a 100% tax on an amount |

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| equal to (a) the gross income attributable to the greater of the amounts by which we fail the 75% or 95%