Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 46

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 46
---
%, management estimates the fair value of the fixed-rate mortgage notes receivable to be $701.7 million with an estimated weighted average market rate of 8.08% at December 31, 2024.Derivative instruments:Derivative instruments are carried at their fair value.Debt instruments:The fair value of the Company's debt is estimated by discounting the future cash flows of each instrument using current market rates. At September 30, 2025, the Company had a carrying value of $404.0 million in variable-rate debt outstanding with an average interest rate of approximately 5.11%. The carrying value of the variable-rate debt outstanding approximated the fair value at September 30, 2025.At December 31, 2024, the Company had a carrying value of $200.0 million in variable-rate debt outstanding with an interest rate of approximately 5.34%. The carrying value of the variable-rate debt outstanding approximated the fair value at December 31, 2024.At both September 30, 2025 and December 31, 2024, $25.0 million of the variable-rate debt outstanding, discussed above, had been effectively converted to a fixed rate by an interest rate swap agreement. See Note 8 for additional information related to the Company's interest rate swap agreement. At September 30, 2025, the Company had a carrying value of $2.38 billion in fixed-rate long-term debt outstanding with a weighted average interest rate of approximately 4.32%. Discounting the future cash flows for fixed-rate debt using September 30, 2025 market rates of 4.53% to 5.13%, management estimates the fair value of the fixed rate debt to be approximately $2.33 billion with an estimated weighted average market rate of 4.73% at September 30, 2025.At December 31, 2024, the Company had a carrying value of $2.68 billion in fixed-rate long-term debt outstanding with a weighted average interest rate of approximately 4.34%. Discounting the future cash flows for fixed-rate debt using December 31, 2024 market rates of 5.22% to 5.83%, management estimates the fair value of the fixed rate debt to be approximately $2.57 billion with an estimated weighted average market rate of 5.53% at December 31, 2024.

19

10. Earnings Per Share

The following table summarizes the Company’s computation