Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 54

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and related notes. In preparing these financial statements, management has made its best estimates and assumptions that affect the reported assets and liabilities and the reported amounts of revenues and expenses during the reporting period. The most significant assumptions and estimates relate to the valuation of real estate, accounting for real estate acquisitions, assessing the collectability of receivables and the credit loss related to mortgage and other notes receivable. Application of these assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates. A summary of critical accounting policies and estimates is included in our 2024 Annual Report. For the six months ended June 30, 2025, there were no changes to critical accounting policies.

26

Recent Developments

Investment Spending 

Our investment spending during the six months ended June 30, 2025 and 2024 totaled $86.3 million and $132.7 million, respectively, and is detailed below (in thousands):

Six Months Ended June 30, 2025Operating SegmentTotal Investment SpendingNew DevelopmentRe-developmentAsset Acquisition Mortgage Notes or Notes ReceivableInvestment in Joint VenturesExperiential:Eat & Play$45,910 $44,715 $921 $— $274 $— Attractions14,281 — — 14,281 — — Ski1,880 — — — 1,880 — Experiential Lodging1,246 — — — — 1,246 Fitness & Wellness23,015 — 13,878 1,242 7,895 — Total Experiential86,332 44,715 14,799 15,523 10,049 1,246 Education:Total Education— — — — — — Total Investment Spending$86,332 $44,715 $14,799 $15,523 $10,049 $1,246 

Six Months Ended June 30, 2024Operating SegmentTotal Investment SpendingNew DevelopmentRe-developmentAsset Acquisition Mortgage Notes or Notes ReceivableInvestment in Joint VenturesExperiential:Theatres$370 $— $370 $— $— $—