Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 84

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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 table summarizes our expenses and other line items (dollars in thousands):

Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeProperty operating expense$14,661 $14,427 $234 $29,832 $29,347 $485 Other expense (1)11,959 14,833 (2,874)24,570 27,809 (3,239)General and administrative expense13,230 12,020 1,210 27,254 25,928 1,326 Retirement and severance expense (2)— — — — 1,836 (1,836)Transaction costs 669 199 470 1,236 200 1,036 Provision (benefit) for credit losses, net (3)997 404 593 345 3,141 (2,796)Impairment charges (4)— 11,812 (11,812)— 11,812 (11,812)Depreciation and amortization 42,080 41,474 606 83,169 81,943 1,226 Gain on sale of real estate (5)16,779 1,459 15,320 26,163 19,408 6,755 Interest expense, net (6)33,246 32,820 426 66,267 64,471 1,796 Equity in loss from joint ventures1,681 906 775 4,328 4,533 (205)Income tax expense681 557 124 817 904 (87)Preferred dividend requirements6,040 6,040 — 12,072 12,072 — 

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(1) The decrease in other expense for the three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024 related primarily to a decrease in operating expense from three operating theatre properties that were sold during the six months ended June 30, 2025, partially offset by higher expenses at existing operating properties.

(2) Retirement and severance expense for the six months ended June 30, 2024 related primarily to the retirement of our former Executive Vice President, General Counsel and Secretary. There was no retirement and severance expense for the six months ended June