Company: EPR-PE
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001045450-25-000082
Chunk: 32

Company: EPR PROPERTIES
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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ivable as of March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025December 31, 2024Receivable from tenants$3,857 $5,160 Receivable from non-tenants (1)7,076 7,094 Straight-line rent receivable74,878 72,335 Total$85,811 $84,589 (1) Receivable from non-tenants includes a payment of $5.9 million made to the City of Kansas City, Missouri under protest related to an assessment of tax years ending December 31, 2018 through 2022. The City has denied the Company’s necessary deduction for dividends paid for each of these years resulting in assessment of additional tax, penalties and interest. The Company filed a lawsuit and demanded a refund of the $5.9 million payment during the year ended December 31, 2024. The Company and the City have reached an agreement regarding the apportionment of taxes in future periods, which is favorable to the Company. Although there can be no assurances, based on the Company's position in the lawsuit, the Company believes that it is more likely than not that the payment will be refunded.

7. Capital Markets and Dividends

During the three months ended March 31, 2025, the Company declared cash dividends totaling $0.865 per common share. Additionally, during the three months ended March 31, 2025, the Company declared cash dividends of $0.359375 per share, on each of the Company's 5.75% Series C cumulative convertible preferred shares and the Company's 5.75% Series G cumulative redeemable preferred shares, and cash dividends of $0.5625 per share, on the Company's 9.00% Series E cumulative convertible preferred shares.

10

Subsequent to March 31, 2025, the Company fully repaid its $300.0 million senior unsecured notes due April 1, 2025, using borrowings under its $1.0 billion senior unsecured revolving credit facility. 

8. Derivative Instruments

All derivatives are recognized at fair value in the consolidated balance sheets within the line items "Other assets" and "Accounts payable and accrued liabilities" as applicable. The Company has elected not to offset its derivative position for purposes of balance sheet presentation and disclosure. The Company had derivative assets of $