Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 30

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
U requires annual disclosure of income taxes paid disaggregated by jurisdiction. The guidance became effective for fiscal year beginning after December 15, 2024 on a prospective basis. The Company will include such disclosure in its Annual Report on Form10-K for the year ended December 31, 2025. 

In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 22-40): Disaggregation of Income Statement Expenses. The ASU requires entities to provide enhanced disclosures related to certain income statement costs and expenses in the notes to the financial statements. The guidance is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact this guidance will have on the Company's financial statements and related disclosures. 

3. Real Estate Investments

The following table summarizes the carrying amounts of real estate investments as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025December 31, 2024Buildings and improvements$4,694,351 $4,632,557 Furniture, fixtures & equipment121,080 118,575 Land1,200,411 1,218,418 Leasehold interests28,453 28,453 6,044,295 5,998,003 Accumulated depreciation(1,641,916)(1,562,645)Total$4,402,379 $4,435,358 

9

Depreciation expense on real estate investments was $81.3 million and $80.1 million for the six months ended June 30, 2025 and 2024, respectively.

4. Investments and Dispositions

The Company's investment spending during the six months ended June 30, 2025 totaled $86.3 million, and included $14.3 million for the acquisition of an attraction property in New Jersey and $1.6 million for the acquisition of land for a new build-to-suit eat & play property in Virginia, which has a total expected cost of approximately $19.0 million at completion in 2026. Additionally, the Company acquired land for $1.2 million and mortgage financing of $5.9 million secured by the