Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 33

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 from the note receivable borrower. At June 30, 2025, the Company's investment in one of the notes receivable was a variable interest investment and the underlying entity is a VIE. The Company is not the primary beneficiary of this VIE because the Company does not individually have the power to direct the activities that are most significant to the entity and, accordingly, this investment is not consolidated. The Company's maximum exposure to loss associated with this VIE is limited to the Company's outstanding note receivable in the amount of $6.9 million, which is fully reserved in the allowance for credit losses at June 30, 2025.The following summarizes the activity within the allowance for credit losses related to mortgage notes, unfunded commitments and notes receivable for the six months ended June 30, 2025 (in thousands):Mortgage notes receivableUnfunded commitments - mortgage notes receivableNotes receivableUnfunded commitments - notes receivableTotalAllowance for credit losses at December 31, 2024$17,111 $740 $8,811 $— $26,662 Provision (benefit) for credit losses, net458 (110)(3)— 345 Charge-offs(10,420)— (1,916)— (12,336)Recoveries— — — — — Allowance for credit losses at June 30, 2025$7,149 $630 $6,892 $— $14,671 

6.  Accounts Receivable

The following table summarizes the carrying amounts of accounts receivable as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025December 31, 2024Receivable from tenants$6,725 $5,160 Receivable from non-tenants (1)7,664 7,094 Straight-line rent receivable80,125 72,335 Total$94,514 $84,589 (1) Receivable from non-tenants includes $5.8 million of a payment made to the City of Kansas City, Missouri (the City) under protest related to an assessment of tax years ending December 31, 2018 through 2022. The City has denied the Company’s necessary deduction for dividends paid for each of these years resulting in assessment of additional tax, penalties