Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 56

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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Gregory E. Zimmerman recently notified the Company of his intention to retire from his position as Executive Vice President and Chief Investment Officer in the first quarter of calendar year 2026. We have hired Ben Fox, who will be joining us in August 2025, as an Executive Vice President and is expected to succeed Mr. Zimmerman as Chief Investment Officer upon Mr. Zimmerman’s retirement from such position. Mr. Fox previously served as Managing Director in the Net Lease Division of Ares Management Corporation (“Ares”), a global alternative investment manager operating in the credit, private equity and real estate markets. Prior to Ares, Mr. Fox served as Executive Vice President, Asset Management and Operations at Realty Income, where he oversaw and managed approximately 7,000 properties across the U.S. and U.K. 

Capital Markets Activities

Upon maturity, on April 1, 2025, we fully repaid $300.0 million of senior unsecured notes using borrowings under our $1.0 billion senior unsecured revolving credit facility. 

As discussed further below, on June 3, 2025, we filed a new universal shelf registration statement and a new shelf registration statement for our Dividend Reinvestment and Direct Share Purchase Plan (“DSP Plan”) with the SEC.  

Results of Operations

Three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024 

Analysis of Revenue

The following table summarizes our total revenue (dollars in thousands):

Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeMinimum rent (1)$134,837 $132,365 $2,472 $268,678 $263,590 $5,088 Percentage rent (2)4,594 1,973 2,621 7,851 3,873 3,978 Straight-line rent5,137 5,251 (114)8,534 8,921 (387)Tenant reimbursements5,260 5,041 219 10,681 10,073 608 Other rental revenue523 463 60 966 917 49 Total Rental Revenue$150,351 $145,093 $5,258 $296,710 $287,374 $9,336 Other income (3)12,218 14,418 (2,200)23,854