Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 19

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 shares issued at March 31, 2025 and December 31, 2024; liquidation preference of $86,149,50034 34 6,000,000 Series G shares issued at March 31, 2025 and December 31, 2024; liquidation preference of $150,000,00060 60 Additional paid-in-capital3,963,430 3,950,528 Treasury shares at cost: 8,094,386 and 7,883,581 common shares at March 31, 2025 and December 31, 2024, respectively(295,258)(285,413)Accumulated other comprehensive loss(3,567)(3,756)Distributions in excess of net income(1,344,583)(1,339,098)Total equity$2,321,012 $2,323,245 Total liabilities and equity$5,532,549 $5,616,507 

  See accompanying notes to consolidated financial statements.

1

EPR PROPERTIES

Consolidated Statements of Income and Comprehensive Income

(Unaudited)

(Dollars in thousands except per share data)

 Three Months Ended March 31, 20252024Rental revenue$146,359 $142,281 Other income11,636 12,037 Mortgage and other financing income17,038 12,914 Total revenue175,033 167,232 Property operating expense15,171 14,920 Other expense12,611 12,976 General and administrative expense14,024 13,908 Retirement and severance expense— 1,836 Transaction costs567 1 Provision (benefit) for credit losses, net(652)2,737 Depreciation and amortization41,089 40,469 Total operating expenses82,810 86,847 Gain on sale of real estate9,384 17,949 Income from operations101,607 98,334 Interest expense, net33,021 31,651 Equity in loss from joint ventures2,647 3,627 Income before income taxes65,939 63,056 Income tax expense136 347 Net income65,803 62,709 Preferred dividend requirements6,032 6,032 Net income available to common shareholders of EPR Properties$59,771 $56,677