Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 25

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 25
---
 Forward Purchasers or their respective affiliates, as applicable, may
receive customary fees.

In addition, in the ordinary course of their business activities, the Sales Agents, the Forward Sellers, the Forward Purchasers and their
respective affiliates and agents may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own accounts and for the
accounts of their customers.

The Sales Agents, the Forward Sellers, the Forward Purchasers and their respective affiliates or agents may also make investment
recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions to such securities and instruments.

Each Sales Agent may, to the extent permitted under the Securities Act and the Exchange Act, purchase and sell our common shares for its own account and for the account
of its clients. In addition, we have acknowledged and agreed that each Sales Agent’s affiliates or agents, as applicable, may make markets in our common shares or other securities, in connection with which they may buy and sell, as agent or
principal, for long or short account, our common shares or other securities, at the same time such Sales Agent is acting as agent pursuant to its respective Distribution Agreement.

Conflicts of interest

As described in the section “Use of
Proceeds,” any net proceeds from the sale of our common shares to or through Sales Agents and upon settlement of any forward sale agreement, in each case, may be used to reduce, from time to time, our outstanding indebtedness, including
borrowings under our unsecured revolving credit facility. Certain Sales Agents, Forward Sellers and Forward Purchasers and/or their affiliates serve as lenders or in other roles under our unsecured revolving credit facility or other financial
indebtedness and, accordingly, may receive an amount in excess of 5% of the net proceeds of this offering if we use such proceeds to reduce our outstanding indebtedness. Nonetheless, in accordance with FINRA Rule 5121, the appointment of a qualified
independent underwriter is not necessary in connection with this offering because, under FINRA Rule 5121, REITs are excluded from that requirement.

Selling restrictions

No action has been taken in any jurisdiction (except in the United States) that would permit a public offering of the common shares, or the
possession, circulation or distribution of this prospectus supplement, the accompanying prospectus,