Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 64

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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33

Total Investments

Total investments is a non-GAAP financial measure defined as the sum of the carrying values of real estate investments (before accumulated depreciation), land held for development, property under development, mortgage notes receivable and related accrued interest receivable, net, investment in joint ventures, intangible assets, gross (before accumulated amortization and included in other assets) and notes receivable and related accrued interest receivable, net (included in other assets). Total investments is a useful measure for management and investors as it illustrates across which asset categories the Company's funds have been invested. Our method of calculating total investments may be different from methods used by other REITs and, accordingly, may not be comparable to such other REITs. A reconciliation of total assets (computed in accordance with GAAP) to total investments is included in the following table (unaudited, in thousands):   

March 31, 2025December 31, 2024Total assets$5,532,549 $5,616,507 Operating lease right-of-use assets(180,557)(173,364)Cash and cash equivalents(20,572)(22,062)Restricted cash(6,354)(13,637)Accounts receivable(85,811)(84,589)Add: accumulated depreciation on real estate investments1,595,820 1,562,645 Add: accumulated amortization on intangible assets (1)29,892 31,876 Prepaid expenses and other current assets (1)(40,007)(39,464)Total investments$6,824,960 $6,877,912 Total Investments:Real estate investments, net of accumulated depreciation$4,353,893 $4,435,358 Add back accumulated depreciation on real estate investments1,595,820 1,562,645 Land held for development20,168 20,168 Property under development118,264 112,263 Mortgage notes and related accrued interest receivable, net659,004 665,796 Investment in joint ventures11,361 14,019 Intangible assets, gross (1)63,239 64,317 Notes receivable and related accrued interest receivable, net (1)3,211 3,346 Total investments$6,824,960 $6,877,912 (1) Included in "Other assets" in the accompanying consolidated balance sheet. Other