Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 70

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 70
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 divestitures of properties; |

| • |     | Our ability to renew maturing leases on terms comparable to prior leases and/or our ability to locate substitute 
 lessees for these properties on economically favorable terms or at all;                                          |

| • |     | Risks of operating in the experiential real estate industry (including the impact of labor strikes on the 
 production, supply or theatrical release of motion pictures to our theatre tenants);                      |

| • |     | Our ability to compete effectively; |

| • |     | Risks associated with three tenants representing a substantial portion of our lease revenues; |

| • |     | The ability of our build-to-suit                                                                                                       
 tenants to achieve sufficient operating results within expected time-frames and therefore have capacity to pay their agreed-upon rent; |

| • |     | Risks associated with our dependence on third-party managers to operate certain of our properties; |

| • |     | Risks associated with our level of indebtedness; |

| • |     | Risks associated with use of leverage to acquire properties; |

| • |     | Financing arrangements that require lump-sum payments; |

| • |     | Our ability to raise capital; |

| • |     | The concentration of our investment portfolio; |

2

| • |     | Our continued qualification as a real estate investment trust for U.S. federal income tax purposes and related 
 tax matters;                                                                                                   |

| • |     | The ability of our subsidiaries to satisfy their obligations; |

| • |     | Financing arrangements that expose us to funding and completion risks; |

| • |     | Our reliance on a limited number of associates, the loss of which could harm operations; |

| • |     | Risks associated with the employment of personnel by managers of certain of our properties; |

| • |     | Risks associated with the gaming industry; |

| • |     | Risks associated with gaming and other regulatory authorities; |

| • |     | Delays or prohibitions of transfers of gaming properties due to required regulatory approvals; |

| • |     | Risks associated with security breaches and other disruptions; |

| • |     | Changes in accounting standards that may adversely affect our financial statements; |

| • |     | Fluctuations in the value of real estate income and investments; |

| • |     | Risks relating to real estate ownership, leasing and development, including local conditions such as an                                                                                                                                                   
 oversupply of space or a reduction in demand for real