Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 109

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 109
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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risks, primarily relating to potential losses due to changes in interest rates and foreign currency exchange rates. We seek to mitigate the effects of fluctuations in interest rates by matching the term of new investments with new long-term fixed rate borrowings whenever possible. As of December 31, 2024, we had a $1.0 billion unsecured revolving credit facility with $175.0 million outstanding. We also had a $25.0 million bond that bears interest at a floating rate but has been fixed through an interest rate swap agreement as discussed below. 

We are subject to risks associated with debt financing, including the risk that existing indebtedness may not be refinanced or that the terms of such refinancing may not be as favorable as the terms of current indebtedness. The 

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majority of our borrowings are subject to contractual agreements or mortgages, which limit the amount of indebtedness we may incur. Accordingly, if we are unable to raise additional equity or borrow money due to these limitations or otherwise, our ability to make additional real estate investments may be limited.

The following table presents the principal amounts, weighted average interest rates, and other terms required by year of expected maturity to evaluate the expected cash flows and sensitivity to interest rate changes as of December 31 (including the impact of the interest rate swap agreements described below):

Expected Maturities (dollars in millions)

20252026202720282029ThereafterTotalEstimatedFair ValueDecember 31, 2024:Fixed rate debt$300.0$629.6$450.0$400.0$500.0$425.0$2,704.6$2,590.3Average interest rate4.50 %4.70 %4.50 %4.95 %3.75 %3.54 %4.32 %5.50 %Variable rate debt$— $— $— $175.0$— $— $175.0$175.0Average interest rate (as of December 31, 2024)— %— %— %5.46 %— %— %5.46 %5.46 %20242025202620272028ThereafterTotalEstimatedFair ValueDecember 31, 2023:Fixed rate debt$136.6$300.0$629.6