Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 92

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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 by lower percentage rent recognized from our attraction properties. The increase in percentage rent for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 was due to higher percentage rent recognized from our theatre tenants and one of our early childhood education center tenants, and was partially offset by lower percentage rent recognized from our attraction properties. 

(3) The decrease in other income for the three and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024 related primarily to a decrease in operating income from three operating theatre properties that were sold during the nine months ended September 30, 2025.

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(4) The increase in mortgage and other financing income for the three and nine months ended September 30, 2025 compared to the three and nine months ended September 30, 2024 related to interest income on a new mortgage note funded in 2024 and from additional investments on existing mortgage note receivables in 2025 and 2024. In addition, $1.8 million of participating interest income was recognized during the nine months ended September 30, 2025, which related to amounts under review with one borrower regarding the calculation of participating interest income from prior periods that was resolved during the nine months ended September 30, 2025. No participating interest income was recognized during the nine months ended September 30, 2024. 

Analysis of Expenses and Other Line Items

The following table summarizes our expenses and other line items (dollars in thousands):

Three Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeProperty operating expense$14,478 $14,611 $(133)$44,310 $43,958 $352 Other expense (1)11,173 15,631 (4,458)35,743 43,440 (7,697)General and administrative expense (2)14,001 11,935 2,066 41,255 37,863 3,392 Retirement and severance expense1,094 — 1,094 1,094 1,836 (742)Transaction costs 492 175 317 1,728 375 1,353 Provision (benefit) for credit losses, net (3)9,117 (770)9,887 9,462 2