Company: EPR-PE
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001193125-25-266433
Chunk: 125

Company: EPR PROPERTIES
Filing Date: 2025-11-05
Form: 424B5
Chunk 125
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 from foreclosure property, we will be subject to tax at the highest U.S. federal corporate income tax rate, currently 21%, on this income.                                                                                                  |

| • |     | We will be subject to a 100% tax on any net income from prohibited transactions (which are, in general, certain                                                                  
 sales or other dispositions of property (other than foreclosure property) included in our inventory or held primarily for sale to customers in the ordinary course of business). |

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| • |     | We may elect to retain and pay income tax on our net long-term capital gain. In that case, a U.S. Shareholder (as                                                                                                                                         
 defined below) would be taxed on its proportionate share of our undistributed long-term capital gain (to the extent we make a timely designation of such gain to the shareholder) and would receive a credit or refund for its proportionate share of the 
 tax we paid.                                                                                                                                                                                                                                              |

| • |     | If we fail to satisfy the 75% or 95% gross income tests (as discussed below), but our failure is due to                                                                                                                                              
 reasonable cause and not due to willful neglect and we nonetheless maintain our qualification as a REIT because we satisfied certain other requirements, we will be subject to a 100% tax on an amount equal to (a) the gross income attributable to 
 the greater of the amounts by which we fail the 75% or 95% gross income tests multiplied by (b) a fraction intended to reflect our profitability.                                                                                                    |

| • |     | If we fail to distribute for any calendar year at least the sum of (a) 85% of our REIT ordinary income for                                                                                                                                      
 the year, (b) 95% of our REIT capital gain net income for the year (other than certain long-term capital gains for which we make a capital gains designation (described below) and on which we pay the tax) and (c) any undistributed taxable   
 income from prior periods less excess distributions from prior periods, we would be subject to a nondeductible 4% excise tax on the excess of the required distribution over the sum of (a) the amounts actually distributed, plus (b) retained 
 amounts on which income is paid at the corporate level.                                                                                                                                                                                         |

| • |     | If we acquire any asset from a corporation which is or has been a Subchapter C corporation in a transaction in                                                                                                                                            
 which the tax basis of the asset in our hands is determined by