Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 38

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 value of the variable-rate debt outstanding approximated the fair value at December 31, 2024.At both March 31, 2025 and December 31, 2024, $25.0 million of the variable-rate debt outstanding, discussed above, had been effectively converted to a fixed rate by an interest rate swap agreement. See Note 8 for additional information related to the Company's interest rate swap agreement. At March 31, 2025, the Company had a carrying value of $2.68 billion in fixed-rate long-term debt outstanding with a weighted average interest rate of approximately 4.34%. Discounting the future cash flows for fixed-rate debt using March 31, 2025 market rates of 5.04% to 5.56%, management estimates the fair value of the fixed rate debt to be approximately $2.59 billion with an estimated weighted average market rate of 5.25% at March 31, 2025.At December 31, 2024, the Company had a carrying value of $2.68 billion in fixed-rate long-term debt outstanding with a weighted average interest rate of approximately 4.34%. Discounting the future cash flows for fixed-rate debt using December 31, 2024 market rates of 5.22% to 5.83%, management estimates the fair value of the fixed rate debt to be approximately $2.57 billion with an estimated weighted average market rate of 5.53% at December 31, 2024.

10. Earnings Per Share

The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three months ended March 31, 2025 and 2024 (amounts in thousands except per share information): Three Months Ended March 31, 2025 Income(numerator)Shares(denominator)Per ShareAmountBasic EPS:Net income$65,803 Less: preferred dividend requirements(6,032)Net income available to common shareholders$59,771 75,804 $0.79 Diluted EPS:Net income available to common shareholders$59,771 75,804 Effect of dilutive securities:Share options and performance share units— 411 Net income available to common shareholders$59,771 76,215 $0.78 

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 Three Months Ended March 31, 2024 Income(numerator)Shares(denominator)Per ShareAmountBasic