Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 12

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 12
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 to changing market conditions in our industry and in our customers’ industries. |

In addition to our debt service obligations, our operations require substantial investments on a continuing basis. Our ability to make scheduled debt payments, to refinance our obligations with S-11

respect to our indebtedness and to fund capital and non-capitalexpenditures necessary to meet our remaining commitments on existing projects and maintain the condition of our assets, as well as to provide capacity for the growth of our business, depends on our financial and operating performance, which, in turn, is subject to prevailing economic conditions and financial, business, competitive, legal and other factors. Subject to the restrictions in our credit agreement governing our unsecured revolving credit facility and the indentures or note purchase agreement governing our existing notes and the indenture governing the notes offered hereby, we may incur significant additional indebtedness, including additional secured indebtedness. Although the terms of our credit agreement governing our unsecured revolving credit facility, the indentures or note purchase agreement governing our existing notes and the indenture governing the notes offered hereby contain restrictions on the incurrence of additional indebtedness, these restrictions are subject to a number of qualifications and exceptions, and additional indebtedness incurred in compliance with these restrictions could be significant. If new debt is added to our current debt levels, the risks described above could increase. We may not be able to generate sufficient cash to service all of our indebtedness, including the notes, and may be forced to take other actions to satisfy our obligations under our indebtedness that may not be successful. Our ability to satisfy our debt obligations will depend upon, among other things:

| • |     | our future financial and operating performance, which will be affected by prevailing economic conditions and financial, 
 business, regulatory and other factors, many of which are beyond our control; and                                       |

| • |     | our future ability to borrow under our unsecured revolving credit facility, the availability of which depends on, among                                                                                                                                
 other things, our complying with the covenants in our credit agreement governing our unsecured revolving credit facility, the indentures or note purchase agreement governing our existing notes and the indenture governing the notes offered hereby. |

We cannot assure you that our business will generate sufficient cash flow from operations, or that we will be able to draw under our unsecured revolving credit facility or otherwise, in an amount sufficient to fund our liquidity needs. If our cash flows and capital resources are insufficient to service our indebtedness, we may be forced to reduce or delay capital expenditures, sell assets