Company: EPR-PE
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001193125-25-309969
Chunk: 7

Company: EPR PROPERTIES
Filing Date: 2025-12-05
Form: 424B5
Chunk 7
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. Before making a decision to purchase the common shares, 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 subsequent filings with the SEC, 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-home leisure 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-net leases, 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.

Experiential. Our experiential investments include investments in theatre properties,
eat & play properties (which includes seven additional theatre properties), attraction properties, ski properties, experiential lodging properties, fitness & wellness properties, a gaming property and a cultural property.

Education. Our education investments include investments in early childhood education centers and private schools.

Corporate information

Our principal offices are located at 909 Walnut
Street, Suite 200, Kansas City, Missouri 64106. Our telephone number at that location is (816) 472-1700. Our website is located at www.eprkc.com. The information found on, or otherwise accessible through,
our website is not incorporated into, and does not form a part of, this prospectus supplement, the accompanying prospectus or any other report or document we file with or furnish to the SEC.

S-5

The offering The summary below describes the principal terms of the offering and is not intended to be complete. It does not contain all of the