Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 47

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 June 30, 2025 and 2024 (in thousands):Three Months Ended June 30,Six Months Ended June 30,Classification2025202420252024Lease revenueOperating leasesRental revenue$143,768 $138,606 $283,547 $274,400 Sublease income - operating ground leasesRental revenue6,583 6,487 13,163 12,974 Lease costsOperating ground lease costProperty operating expense$6,708 $6,539 $13,376 $13,086 Operating office lease costGeneral and administrative expense224 224 448 448 

13.  Segment Information

The Company groups its investments into two reportable operating segments: Experiential and Education. The Company’s segment structure reflects the financial information and reports used by the Company’s management team, specifically its chief operating decision maker (CODM), to make decisions regarding the Company’s business, including resource allocation and performance assessments. The Company’s CODM is its Chairman, President and Chief Executive Officer. The CODM uses Total Assets and Net Operating Income (NOI) before unallocated items by segment to assess and allocate resources. NOI is calculated as total revenue (consisting of rental revenue, other income and mortgage and other financing income) less property operating expense and other expense. 

20

The financial information summarized below is presented by reportable operating segment (in thousands):Balance Sheet Data:As of June 30, 2025ExperientialEducationCorporate/UnallocatedConsolidatedTotal Assets$5,169,562 $367,913 $23,405 $5,560,880 As of December 31, 2024ExperientialEducationCorporate/UnallocatedConsolidatedTotal Assets$5,171,845 $409,801 $34,861 $5,616,507 Operating Data:Three Months Ended June 30, 2025ExperientialEducationCorporate/UnallocatedConsolidatedRental revenue$141,686 $8,665 $— $150,351 Other income12,174 — 44 12,218 Mortgage and other financing income15,489 10 — 15,499 Total revenue169,349 8,675 44 178,068 Property operating expense14,425 24 212 14,661 Other expense11,959 —