Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 82

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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-lined ground sublease expense2 32 Non-cash portion of mortgage and other financing income(297)(862)AFFO available to common shareholders of EPR Properties$92,946 $85,675 AFFO available to common shareholders of EPR Properties$92,946 $85,675 Add: Preferred dividends for Series C preferred shares1,938 1,938 Add: Preferred dividends for Series E preferred shares1,938 1,938 Diluted AFFO available to common shareholders of EPR Properties$96,822 $89,551 

30

 Three Months Ended March 31, 20252024FFO per common share:Basic$1.22 $1.08 Diluted1.20 1.07 FFOAA per common share: Basic$1.21 $1.14 Diluted1.19 1.13 Shares used for computation (in thousands):Basic75,804 75,398 Diluted76,215 75,705 Weighted average shares outstanding-diluted EPS76,215 75,705 Effect of dilutive Series C preferred shares2,336 2,301 Effect of dilutive Series E preferred shares1,665 1,663 Adjusted weighted average shares outstanding-diluted Series C and Series E80,216 79,669 Other financial information:Dividends per common share$0.865 $0.835 

(1) Includes maintenance capital expenditures and certain second-generation tenant improvements and leasing commissions.

The effect of the conversion of our convertible preferred shares is calculated using the if-converted method and the conversion, which results in the most dilution is included in the computation of per share amounts. The conversion of the 5.75% Series C cumulative convertible preferred shares and the 9.00% Series E cumulative convertible preferred shares would be dilutive to FFO, FFOAA and AFFO per share for the three months ended March 31, 2025 and 2024. Therefore, the additional common shares that would result from the conversion and the corresponding add-back of the preferred dividends declared on those shares are included in the calculation of diluted FFO and FFOAA per share and would be included in a calculation of AFFO per share. 

Net Debt

Net Debt represents debt (reported in accordance with GAAP) adjusted to exclude deferred financing costs, net and reduced for cash and cash