Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 161

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 161
---
 and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2024 and 2023(Dollars in thousands)DescriptionQuoted Prices inActive Marketsfor IdenticalAssets (Level I)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs (Level 3)Balance atend of period2024:Cross Currency Swaps (1)$— $1,475 $— $1,475 Currency Forward Agreements (2)$— $(26)$— $(26)Interest Rate Swap Agreements (1)$— $677 $— $677 2023:Cross Currency Swaps (1)$— $384 $— $384 Currency Forward Agreements (2)$— $(4,908)$— $(4,908)Interest Rate Swap Agreements (1)$— $876 $— $876 (1) Included in "Other assets" in the accompanying consolidated balance sheets.(2) Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets. Non-recurring fair value measurementsThe table below presents the Company's assets measured at fair value on a non-recurring basis as of December 31, 2024 and 2023, aggregated by the level in the fair value hierarchy within which those measurements fall.Assets Measured at Fair Value on a Non-Recurring Basis at December 31, 2024 and 2023(Dollars in thousands)DescriptionQuoted Prices inActive Marketsfor IdenticalAssets (Level I)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs (Level 3)Balance atend of period2024:Real estate investments, net (1)$— $39,440 $6,500 $45,940 Investment in joint ventures (2)— — — — 2023:Real estate investments, net (3)$— $— $39,150 $39,150 (1) As further discussed in Note 5, during the year ended December 31, 2024, the Company recorded impairment charges of $51.8 million related to real estate investments, net, on five theatre properties. Management estimated the fair value of these investments taking into account various factors, including purchase offers, independent appraisals, shortened hold periods and market conditions. The Company determined, based on the inputs, that its