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

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 in thousands)

Continued from previous page Six Months Ended June 30, 20252024Reconciliation of cash and cash equivalents and restricted cash:Cash and cash equivalents at beginning of the period$22,062 $78,079 Restricted cash at beginning of the period13,637 2,902 Cash and cash equivalents and restricted cash at beginning of the period$35,699 $80,981 Cash and cash equivalents at end of the period$12,955 $33,731 Restricted cash at end of the period15,765 2,958 Cash and cash equivalents and restricted cash at end of the period$28,720 $36,689 Supplemental schedule of non-cash activity:Transfer of property under development to real estate investments$69,770 $111,154 Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses$28,214 $21,769 Supplemental disclosure of cash flow information:Cash paid during the period for interest$68,015 $62,843 Cash paid during the period for income taxes$1,987 $1,222 Interest cost capitalized$2,396 $1,428 Change in accrued capital expenditures$(4,791)$(13,608)

See accompanying notes to consolidated financial statements.

6

EPR PROPERTIESNotes to Consolidated Financial Statements (Unaudited)

1. Organization

Description of BusinessEPR Properties (the Company) was formed on August 22, 1997 as a Maryland real estate investment trust (REIT), and an initial public offering of the Company's common shares of beneficial interest (common shares) was completed on November 18, 1997. Since that time, the Company has been a leading diversified experiential net lease REIT specializing in select enduring experiential properties. The Company's underwriting is centered on key industry and property cash flow criteria, as well as the credit metrics of the Company's tenants and customers. The Company’s properties are located in the United States (U.S.) and Canada.

2. Summary of Significant Accounting Policies and Recently Issued Accounting Standards

Basis of PresentationThe accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly