Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 75

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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.40 $1.33 $3.89 $3.70 Diluted1.37 1.30 3.81 3.64 Shares used for computation (in thousands):Basic76,127 75,723 76,006 75,604 Diluted76,668 76,108 76,496 75,945 Weighted average shares outstanding-diluted EPS76,668 76,108 76,496 75,945 Effect of dilutive Series C preferred shares2,352 2,319 2,344 2,310 Effect of dilutive Series E preferred shares1,668 1,664 1,667 1,664 Adjusted weighted average shares outstanding-diluted Series C and Series E80,688 80,091 80,507 79,919 Other financial information:Dividends per common share$0.885 $0.855 $2.635 $2.545 

(1) Includes maintenance capital expenditures and certain second-generation tenant improvements and leasing commissions.

The effect of the conversion of our convertible preferred shares is calculated using the if-converted method and the conversion, which results in the most dilution is included in the computation of per share amounts. The conversion of the 5.75% Series C cumulative convertible preferred shares and the 9.00% Series E cumulative convertible preferred shares would be dilutive to FFO, FFOAA and AFFO per share for the three and nine months ended September 30, 2025 and 2024. Therefore, the additional common shares that would result from the conversion and the corresponding add-back of the preferred dividends declared on those shares are included in the calculation of diluted FFO and FFOAA per share and would be included in a calculation of AFFO per share. 

Net Debt

Net Debt represents debt (reported in accordance with GAAP) adjusted to exclude deferred financing costs, net and reduced for cash and cash equivalents. By excluding deferred financing costs, net, and reducing debt for cash and cash equivalents on hand, the result provides an estimate of the contractual amount of borrowed capital to be repaid, net of cash available to repay it. We believe this calculation constitutes a beneficial supplemental non-GAAP financial disclosure to investors in understanding our financial condition. Our method of calculating Net Debt may be different from methods used by other REITs and, accordingly, may not be comparable to such other RE