Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 3

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 3
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 |  1 |
| CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS              |     |  2 |
| RISK FACTORS                                                            |     |  5 |
| THE COMPANY                                                             |     |  6 |
| INFORMATION ABOUT THE PLAN                                              |     |  7 |
| USE OF PROCEEDS                                                         |     | 28 |
| DESCRIPTION OF COMMON SHARES                                            |     | 29 |
| DESCRIPTION OF CERTAIN PROVISIONS OF MARYLAND LAW AND EPR’S DECLARATION 
 OF TRUST AND BYLAWS                                                     |     | 31 |
| U.S. FEDERAL INCOME TAX CONSIDERATIONS                                  |     | 37 |
| PLAN OF DISTRIBUTION                                                    |     | 61 |
| LEGAL MATTERS                                                           |     | 62 |
| EXPERTS                                                                 |     | 62 |
| WHERE YOU CAN FIND MORE INFORMATION                                     |     | 62 |

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The Plan supersedes and replaces our Dividend Reinvestment and Direct Share Purchase Plan, dated June 3, 2022, or the Prior Plan. All participants in the Prior Plan will automatically be enrolled in the Plan. If you are a participant in the Prior Plan and, after reviewing this prospectus, you do not wish to be enrolled in the Plan, please contact the Plan Administrator.

ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission, or the SEC.

This prospectus provides you with a general description of the Plan and the securities we may offer thereunder. You should read this
prospectus and the other information described in “Where You Can Find More Information” prior to investing.

As allowed by SEC
rules, this prospectus does not contain all the information included in the registration statement or the exhibits to the registration statement. For further information, we refer you to the registration statement, including its exhibits and
schedules. Statements contained in this prospectus or that are incorporated by reference into this prospectus about the provisions or contents of any contract, agreement or any other document referred to are not necessarily complete. For each of
these contracts, agreements or documents filed as an exhibit to the registration statement, we refer you to the actual exhibit for a more complete description of the matters involved. The registration statement can be read at the SEC website as
discussed under the heading “Where You Can Find More Information.”

We have not authorized any dealer, salesman or other person