Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 50

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 50
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 Company outperformed the median of its peers.

The first performance metric measures our annualized TSR (annualized return assuming annual compounding and reinvestment of dividends) relative to a triple-net peer group. The following table shows the payout percentage for the 2024 PSU awards at various levels of relative and absolute shareholder return. The number of actual common shares issued at the end of the performance period will equal the target number of PSUs (set forth above) multiplied by 52.2% multiplied by the payout percentage set forth below.

| 2024-2026 Relative Total Shareholder Return vs. Triple-Net Peer Group |     |                                                                   |     |            |
| Performance Level                                                     |     |                                                                   |     | Payout     
 Percentage |
| Outperformance                                                        |     | At least 75th percentile and at least 10% Absolute Annualized TSR |     | 217.0%     |
| Maximum                                                               |     | At least 75th percentile                                          |     | 167.0%     |
| Target                                                                |     | At least 55th percentile                                          |     | 100.0%     |
| Minimum                                                               |     | At least 30th percentile                                          |     | 50.0%      |

The second performance factor measures our annualized TSR (annualized return assuming annual compounding and reinvestment of dividends) relative to the MSCI US REIT Index. The following table shows the payout percentage for the 2024 PSU awards at various levels of relative and absolute shareholder return. The number of actual common shares issued at the end of the performance period will equal the target number of PSUs (set forth above) multiplied by 26.1% multiplied by the payout percentage set forth below.

| 2024-2026 Relative Total Shareholder Return vs. MSCI US REIT Index |     |                                                                   |     |            |
| Performance Level                                                  |     |                                                                   |     | Payout     
 Percentage |
| Outperformance                                                     |     | At least 75th percentile and at least 10% Absolute Annualized TSR |     | 217.0%     |
| Maximum                                                            |     | At least 75th percentile                                          |     | 167.0%     |
| Target                                                             |     | At least 55th percentile                                          |     | 100.0%     |
| Minimum                                                            |     | At least 30th percentile                                          |     | 50.0%      |

For purposes of the two relative TSR comparisons, the Compensation