Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 6

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 6
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 not occur and actual results, performance or achievements could differ materially from those anticipated or implied in the forward-looking statements. S-4

Summary This summary may not contain all of the information that is important to you. Before making a decision to purchase the notes, you should carefully read this entire prospectus supplement and the accompanying prospectus, especially the “Risk Factors” section of this prospectus supplement, the “Risk Factors” section of the accompanying prospectus and the “Risk Factors” section of our most recent Annual Report on Form 10-Kand, to the extent applicable, our Quarterly Reports on Form 10-Q,as well as the financial statements and related notes and other information incorporated by reference in this prospectus supplement and in the accompanying prospectus. Unless otherwise indicated, financial information included in this prospectus supplement is presented on a historical basis. About EPR Properties We are a leading diversified experiential net lease real estate investment trust, or “REIT,” specializing in select enduring experiential properties in the real estate industry. We focus on acquiring or developing experiential real estate venues, which create value by facilitating out-of-homeleisure and recreation experiences where consumers choose to spend their discretionary time and money. Substantially all of our owned single-tenant properties are leased pursuant to long-term, triple-netleases, under which the tenants typically pay all operating expenses of the property. We are a self-administered REIT. As of September 30, 2025, our total assets were approximately $5.5 billion (after accumulated depreciation of approximately $1.7 billion) across 43 states and Canada. We group our investments into two reportable operating segments: Experiential and Education. The table below shows a breakdown of our total assets (after accumulated depreciation) as of September 30, 2025, and total revenue for the nine months ended September 30, 2025, respectively, for each of our two reportable operating segments (dollars in thousands):

|                  |     | Experiential 
 Amount       |           |     | % of  
 total |      |   |     | Education 
 Amount    |         |     | % of  
 total |     |   |
|:-----------------|:----|:-------------|----------:|:----|:------|-----:|:--|:----|:----------|--------:|:----|:------|----:|:--|
| Total Assets(1)  |     | $            |