Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 129

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 129
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-market lease, net at December 31, 2024 is as follows (in thousands):In place leasesTradenames (1)Contract ValueAbove-market leaseBelow-market leaseYear:2025$1,689 $133 $365 $46 $(408)20261,606 133 365 46 (324)20271,600 133 365 46 (259)20281,506 133 365 27 (254)20291,233 133 365 — (251)Thereafter7,043 2,293 6,767 — (5,643)Total$14,677 $2,958 $8,592 $165 $(7,139)Weighted average amortization period (years)12.623.323.53.628.3(1) Excludes $5.4 million in tradenames with indefinite lives.Deferred Financing CostsDeferred financing costs are amortized over the terms of the related debt obligations or mortgage note receivable as applicable. Deferred financing costs of $19.1 million and $25.1 million as of December 31, 2024 and 2023, respectively, are shown as a reduction of "Debt" in the accompanying consolidated balance sheets. The deferred financing costs related to the unsecured revolving credit facility of $10.5 million and $4.1 million as of December 31, 2024 and 2023, respectively, are included in "Other assets" in the accompanying consolidated balance sheets. Reportable SegmentsThe Company has two reportable operating segments: Experiential and Education. The Experiential segment includes the following property types: theatres, eat & play (including seven theatres located in entertainment districts), attractions, ski, experiential lodging, gaming, cultural and fitness & wellness. The Education segment includes the following property types: early childhood education centers and private schools. The Company’s business is focused on Experiential real estate. The economic characteristics of Experiential properties are similar across type, geographic location and industries in which our tenants and borrowers operate. The Company’s segment structure reflects the financial information and reports used by the Company’s management team, specifically its chief operating decision maker (CODM), to make decisions regarding the Company’s business, including resource allocation and performance assessments. The Company’s CODM is its Chairman, President and Chief Executive Officer. While the Company does not plan to seek