Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 30

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 30
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 6 |
| Use of Proceeds                                                         |     |  7 |
| Description of Shares of Beneficial Interest                            |     |  8 |
| Description of Depositary Shares                                        |     | 17 |
| Description of Warrants                                                 |     | 21 |
| Description of Debt Securities                                          |     | 23 |
| Description of Units                                                    |     | 34 |
| Description of Certain Provisions of Maryland Law and EPR’s Declaration 
 of Trust and Bylaws                                                     |     | 37 |
| U.S. Federal Income Tax Considerations                                  |     | 43 |
| Selling Security Holders                                                |     | 72 |
| Plan of Distribution                                                    |     | 73 |
| Legal Matters                                                           |     | 76 |
| Experts                                                                 |     | 76 |
| Where You Can Find More Information                                     |     | 76 |

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ABOUT THIS PROSPECTUS

This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (“SEC”) using a
“shelf” registration process. Under this shelf process, we may sell any combination of the securities described in this prospectus from time to time in one or more offerings and selling security holders may from time to time offer and
sell such securities owned by them.

This prospectus provides you with a general description of the securities we may offer. Each time we
offer and sell securities, we will provide a prospectus supplement or other offering materials that contain specific information about the terms of the offering and the securities offered. The prospectus supplement or other offering materials also
may add to, update or change information provided in this prospectus. You should read this prospectus, the applicable prospectus supplement, the other applicable offering materials and the other information described in “Where You Can Find
More Information” prior to investing.

As allowed by SEC rules, neither this prospectus nor any accompanying prospectus supplement
contains all of the information included in the registration statement or the exhibits to the registration statement. For further information, we refer you to the registration statement, including its exhibits and schedules. Statements contained in
this prospectus or that are incorporated by reference into this prospectus or any prospectus supplement about the provisions or contents of any contract, agreement or any other document referred to are not necessarily complete. For each of these
contracts, agreements or documents filed as an exhibit to the registration statement, we refer you to the actual exhibit for a more complete description of the matters involved. The registration statement can