Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 2

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 2
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 and transfer limitations that are intended to assist us in complying with the requirements to continue to qualify as a real estate investment trust (“REIT”) and under applicable gaming laws. See “Description of Shares of Beneficial Interest” in the accompanying prospectus. Investing in our common shares involves risks. Before buying any common shares, you should carefully read this entire prospectus supplement and the accompanying prospectus and the documents incorporated by reference herein and therein, including the section of this prospectus supplement entitled “ Risk Factors” beginning on page S-8,the section of the accompanying prospectus entitled “Risk Factors” and the “Risk Factors” section of our most recent Annual Report on Form 10-Kand, to the extent applicable, our subsequent filings with the Securities and Exchange Commission. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

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The date of this prospectus supplement is December 5, 2025

You should rely only on the information contained in or incorporated by reference into this prospectus supplement, the accompanying prospectus and any free writing prospectus we may authorize to be delivered to you. We have not, and the Sales Agents, the Forward Purchasers and the Forward Sellers (and their affiliates) have not, authorized any person to provide you with different or additional information. If anyone provides you with different or additional information, you should not rely on it. We are not, and the Sales Agents, the Forward Purchasers and the Forward Sellers (and their affiliates) are not, making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. The information contained in this prospectus supplement, the accompanying prospectus, any free writing prospectus and the documents incorporated by reference herein and therein is accurate only as of their respective dates or as of other dates which are specified in those documents, regardless of the time of delivery of this prospectus supplement or of any common shares. Our business, financial condition, results of operations and prospects may have changed since those dates. Table of contents Prospectus supplement

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