Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 21

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 21
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secured revolving credit facility as of September 30, 2025.                                                       |

| (2) | At October 31, 2025, we had approximately $368.0 million of indebtedness outstanding under our unsecured revolving 
 credit facility.                                                                                                   |

S-18

Description of notes You can find the definitions of certain terms used in this description under “—Certain Definitions.” Unless otherwise indicated, the terms “Issuer,” “we,” “us,” “our,” “EPR” or the “Company” refer to EPR Properties and not to any of its subsidiaries. The notes offered hereby (the “Notes”) will be issued pursuant to an Indenture (the “Indenture”) between the Issuer and UMB Bank, n.a., as trustee (the “Trustee”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). The Notes are subject to all such terms, and prospective investors are referred to the Indenture and the Trust Indenture Act for a statement thereof. The following summary of the material provisions of the Indenture does not purport to be complete and is qualified in its entirety by reference to the Indenture, including the definitions therein of certain terms used below. The registered holder of a Note will be treated as the owner of it for all purposes. Only registered holders will have rights under the Indenture. Brief description of the notes The Notes will be:

| • |     | general unsecured obligations of the Issuer; |

| • |     | equal in right of payment with all other existing and future senior unsecured Debt of the Issuer, including Specified 
 Indebtedness;                                                                                                         |

| • |     | senior in right of payment to any future subordinated Debt of the Issuer; |

| • |     | effectively subordinated to any existing and future secured Debt of the Issuer to the extent of the value of the collateral 
 securing such Debt; and                                                                                                     |

| • |     | structurally subordinated to the liabilities and preferred stock of our subsidiaries |

As of September 30, 2025, we had $2.8 billion of outstanding indebtedness (excluding accounts payable and accrued liabilities, unearned rents and interest, and indebtedness of our subsidiaries), none of which was secured, and our subsidiaries collectively had indebtedness (including certain