Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 107

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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 development67,381 112,263 Mortgage notes and related accrued interest receivable, net696,438 665,796 Investment in joint ventures14,046 14,019 Intangible assets, gross (1)63,239 64,317 Notes receivable and related accrued interest receivable, net (1)2,911 3,346 Total investments$6,916,120 $6,877,912 (1) Included in "Other assets" in the accompanying consolidated balance sheet. Other assets include the following:September 30, 2025December 31, 2024Intangible assets, gross$63,239 $64,317 Less:  accumulated amortization on intangible assets(31,020)(31,876)Notes receivable and related accrued interest receivable, net2,911 3,346 Prepaid expenses and other current assets39,393 39,464 Total other assets$74,523 $75,251 

Impact of Recently Issued Accounting Standards

See Note 2 to the consolidated financial statements included in this Quarterly Report on Form 10-Q for additional information on the impact of recently issued accounting standards on our business. 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risks, primarily relating to potential losses due to changes in interest rates and foreign currency exchange rates. We seek to mitigate the effects of fluctuations in interest rates by matching the term of new investments with new long-term fixed rate borrowings whenever possible. As of September 30, 2025, we had a $1.0 billion unsecured revolving credit facility with $379.0 million outstanding. We also had a $25.0 million bond that bears interest at a floating rate but has been fixed through an interest rate swap agreement. 

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We are subject to risks associated with debt financing, including the risk that existing indebtedness may not be refinanced or that the terms of such refinancing may not be as favorable as the terms of current indebtedness. The majority of our borrowings are subject to contractual agreements or mortgages, which limit the amount of indebtedness we may incur. Accordingly, if we are unable to raise additional equity or borrow money due to these limitations or otherwise, our ability to make additional real estate investments may be limited.

Cash Flow Hedges of Interest Rate Risk

To hedge our interest rate risk, we entered into an interest rate swap agreement on