Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 82

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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 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 26,455 (2,601)Mortgage and other financing income (4)15,499 13,584 1,915 32,537 26,498 6,039 Total revenue$178,068 $173,095 $4,973 $353,101 $340,327 $12,774 

(1) For the three months ended June 30, 2025 compared to the three months ended June 30, 2024, the increase in minimum rent resulted from an increase of $1.9 million related to property acquisitions and developments completed in 2025 and 2024. In addition, there was an increase in minimum rent of $1.5 million related to rental revenue on existing properties. This was partially offset by a decrease in rental revenue of $0.9 million from property dispositions. 

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For the six months ended