Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 93

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 93
---
,162 $196,532 $185,713 

34

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024FFO per common share:Basic$1.26 $1.23 $2.48 $2.31 Diluted1.24 1.21 2.44 2.28 FFOAA per common share: Basic$1.28 $1.24 $2.49 $2.37 Diluted1.26 1.22 2.45 2.34 Shares used for computation (in thousands):Basic76,083 75,689 75,944 75,543 Diluted76,571 76,022 76,404 75,861 Weighted average shares outstanding-diluted EPS76,571 76,022 76,404 75,861 Effect of dilutive Series C preferred shares2,344 2,310 2,340 2,306 Effect of dilutive Series E preferred shares1,667 1,664 1,666 1,663 Adjusted weighted average shares outstanding-diluted Series C and Series E80,582 79,996 80,410 79,830 Other financial information:Dividends per common share$0.885 $0.855 $1.750 $1.690 

(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 and six months ended June 30, 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 equivalents.