Company: EPR-PE
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0001193125-25-134116
Chunk: 77

Company: EPR PROPERTIES
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 77
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 a REIT for the four taxable years following the year during which we lost our qualification. Taxation of Taxable U.S. Shareholders The following summary describes certain U.S. federal income tax consequences to U.S. shareholders with respect to an investment in our shares. This discussion does not address the tax consequences to persons who receive special treatment under the U.S. federal income tax law. Shareholders subject to special treatment include, without limitation, insurance companies, financial institutions or broker-dealers, tax-exemptorganizations, shareholders holding securities as part of a conversion transaction, or a hedge or hedging transaction or as a position in a straddle for tax purposes, foreign corporations or partnerships and persons who are not citizens or residents of the United States. If you are a “U.S. shareholder,” as defined below, this section or the section entitled “Taxation of Tax-ExemptShareholders” applies to you. Otherwise, if you are a “Non-U.S.shareholder” (as defined below), the section entitled “Taxation of Non-U.S.Shareholders,” applies to you. As used herein, the term “U.S. shareholder” means a beneficial owner of our shares who, for U.S. federal income tax purposes is:

| • |     | a citizen or resident of the United States; |

| • |     | a corporation (including an entity classified as a corporation for U.S. federal income tax purposes) created or                
 organized in or under the laws of the United States or any political subdivision thereof (including the District of Columbia); |

| • |     | an estate the income of which is subject to U.S. federal income taxation regardless of its source; or |

| • |     | a trust that (1) is subject to the primary supervision of a U.S. court and which has one or more U.S.                                                                                        
 persons who have the authority to control all substantial decisions of the trust or (2) has a valid election in effect under applicable Treasury Regulations to be treated as a U.S. person. |

If an entity or arrangement treated as a partnership for U.S. federal income tax purposes holds our shares, the U.S. federal income tax treatment of a partner generally will depend on the status of the partner and the activities of the partnership. A partnership holding our shares, and any partner thereof, should consult its own tax advisor regarding the U.S. federal income tax consequences of the acquisition, ownership and disposition of our shares by the partnership. Distributions Generally As long as we qualify