Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 8

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 8
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 information that will be important to a purchaser of the common shares. For a more complete description of the common shares, see “Description of Shares of Beneficial Interest” and “Description of Certain Provisions of Maryland Law and EPR’s Declaration of Trust and Bylaws” in the accompanying prospectus. For purposes of this section entitled “The Offering”, references to “we,” “us,” “our,” the “Company” or “EPR” refer only to EPR Properties and not to its subsidiaries.

| Issuer | EPR Properties |

| Securities Offered from Time to Time | Up to $400,000,000 aggregate gross sales price of our common shares. |

| Use of Proceeds | We intend to use any net proceeds from the sale of our common shares to or through Sales Agents and upon settlement of any forward sale agreement, in each case, for general corporate purposes, including, without limitation, funding our ongoing       
 pipeline of acquisition and build-to-suit projects, working capital and the reduction, from time to time, of our outstanding indebtedness, including borrowings under our                                                                                 
 unsecured revolving credit facility. Pending application of any portion of the net proceeds from this offering to the uses described above, we may invest such proceeds in interest-bearing accounts and short-term interest-bearing securities which are 
 consistent with our qualification as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). See “Use of Proceeds.”                                                                                                                      |

| Conflicts of Interest | Certain Sales Agents, Forward Sellers and Forward Purchasers and/or their affiliates serve as lenders or in other roles under our unsecured revolving credit facility or other financial indebtedness and, accordingly, may receive an amount in 
 excess of 5% of the net proceeds of this offering if we use such proceeds to reduce our outstanding indebtedness. See “Use of Proceeds” and “Plan of Distribution (Conflicts of Interest).”                                                      |

| Accounting Treatment of Forward Sales | Before any issuance of our common shares upon physical settlement or net share settlement of any forward sale agreement, we expect that the common shares that may be issuable upon settlement of such forward sale agreement will be reflected in      
 our diluted earnings per share calculations using the treasury stock method. Under this method, the number of common shares used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of our common 
 shares that would be issued upon full physical settlement of such forward sale agreement over the number of our common shares