# EDGAR Filing Document

**Accession Number:** 0001045450
**File Stem:** 0001193125-25-134132
**Filing Date:** 2025-6
**Character Count:** 23481
**Document Hash:** 1f8e031e6f613ba634509e6e034296b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-134132.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001193125-25-134132

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**EFFECTIVENESS DATE**: 20250603

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EPR PROPERTIES
- **CENTRAL INDEX KEY:** 0001045450
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 431790877
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287746
- **FILM NUMBER:** 251019631

**BUSINESS ADDRESS:**
- **STREET 1:** 909 WALNUT STREET
- **STREET 2:** SUITE 200
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64106
- **BUSINESS PHONE:** 8164721700

**MAIL ADDRESS:**
- **STREET 1:** 909 WALNUT STREET
- **STREET 2:** SUITE 200
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENTERTAINMENT PROPERTIES TRUST
- **DATE OF NAME CHANGE:** 19970904

**As filed with the Securities and Exchange Commission on June 3, 2025** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## EPR PROPERTIES
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Maryland** | **43-1790877** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |
| **909 Walnut Street, Suite 200**<br> **Kansas City, Missouri** | **64106** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**EPR Properties 2016 Equity Incentive Plan** 

**(Full title of the plan)** 

**Paul R. Turvey** 

**Senior Vice President, General Counsel and Secretary** 

**EPR Properties** 

**909 Walnut Street, Suite 200** 

**Kansas City, Missouri 64106** 

**(Name and address of agent for service)** 

**(816) 472-1700** 

**(Telephone number, including area code, of agent for service)** 

***Copies to:***

**B. Scott Gootee** 

**Stinson LLP** 

**1201 Walnut, Suite 2900** 

**Kansas City, Missouri 64106** 

**(816) 842-8600** 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

This Registration Statement on Form S-8 is being filed by EPR Properties (the "Registrant") for the purpose of registering an additional 2,000,000 shares of the Registrant's common shares of beneficial interest reserved for issuance under the EPR Properties 2016 Equity Incentive Plan (as amended and restated on May 6, 2025), as approved by the Registrant's shareholders at the Registrant's 2025 annual meeting of shareholders.

Pursuant to General Instruction E to Form S-8, this Registration Statement on Form S-8 incorporates by reference the contents of the Registration Statements on Form S-8 filed by the Registrant with the Securities and Exchange Commission (the "Commission") on June 3, 2016 (File No. 333-211815) and June 9, 2021 (File No. 333-256932).

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The documents listed below have been filed by the Registrant under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are incorporated herein by reference (other than portions of these documents that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, including any exhibits included with such Items):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's Annual Report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/1045450/000104545025000051/epr-20241231.htm) for the year ended December 31, 2024 (including information specifically incorporated by reference into its Annual Report on Form 10-K for the year ended December 31, 2024 from its definitive proxy statement on Schedule 14A filed with the Commission on [March 27, 2025](http://www.sec.gov/Archives/edgar/data/1045450/000104545025000068/epr-20250326.htm));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Registrant's Quarterly Report on [Form 10-Q](http://www.sec.gov/Archives/edgar/data/1045450/000104545025000082/epr-20250331.htm) for the first quarter ended March 31, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Registrant's Current Reports on Form 8-K filed on [January 27, 2025](http://www.sec.gov/Archives/edgar/data/1045450/000104545025000024/epr-20250124.htm) and [May 6, 2025](http://www.sec.gov/Archives/edgar/data/1045450/000104545025000075/epr-20250506.htm); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The description of the Registrant's common shares included in its Registration Statement on Form 8-A filed with the Commission on November 4, 1997, as updated by the Description of Securities Registered under Section 12 of the Exchange Act, which is attached as [Exhibit 4.12](http://www.sec.gov/Archives/edgar/data/1045450/000104545024000027/exhibit412-123123x10k.htm) to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2023, including any amendments and reports filed for the purpose of updating such description.

In addition, all documents filed by the Registrant under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information that is deemed to have been "furnished" and not "filed" with the Commission) after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such documents (other than portions of these documents that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, including any exhibits included with such Items).

Any statement contained in a document incorporated or deemed to be incorporated by reference into this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;4.1 | [Composite of Amended and Restated Declaration of Trust of the Registrant (inclusive of all amendments through May 26, 2023), which is attached as Exhibit 3.1 to the Registrant's Form 10-Q (Commission File No. 001-13561) filed on August 3, 2023, is hereby incorporated by reference as Exhibit 4.1](http://www.sec.gov/Archives/edgar/data/1045450/000104545020000062/exhibit31630202010-q.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.2 | [Articles Supplementary designating the powers, preferences and rights of the 5.750% Series C Cumulative Convertible Preferred Shares, which is attached as Exhibit 3.2 to the Registrant's Form 8-K (Commission File No. 001-13561) filed on December 21, 2006, is hereby incorporated by reference as Exhibit 4.2](http://www.sec.gov/Archives/edgar/data/1045450/000095013706014001/c11010exv3w2.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.3 | [Articles Supplementary designating powers, preferences and rights of the 9.000% Series E Cumulative Convertible Preferred Shares, which is attached as Exhibit 3.1 to the Registrant's Form 8-K (Commission File No. 001-13561) filed on April 2, 2008, is hereby incorporated by reference as Exhibit 4.3](http://www.sec.gov/Archives/edgar/data/1045450/000095013708004974/c25350exv3w1.htm) |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;4.4 | [Articles Supplementary designating the powers, preferences and rights of the 5.750% Series G Cumulative Redeemable Preferred Shares, which is attached as Exhibit 3.1 to the Registrant's Form 8-K (Commission File No. 001-13561) filed on November 30, 2017, is hereby incorporated by reference as Exhibit 4.4](http://www.sec.gov/Archives/edgar/data/1045450/000119312517357313/d502953dex31.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.5 | [Amended and Restated Bylaws of the Company (inclusive of all amendments through May 30, 2019), which is attached as Exhibit 3.2 to the Registrant's Form 8-K (Commission File No. 001-13561) filed on May 30, 2019, is hereby incorporated by reference as Exhibit 4.5](http://www.sec.gov/Archives/edgar/data/1045450/000104545019000058/exhibit325302019.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Opinion of Stinson LLP regarding legality](d814762dex51.htm) |
| 23.1\* | [Consent of KPMG LLP](d814762dex231.htm) |
| 23.2\* | [Consent of Stinson LLP (included in Exhibit 5.1)](d814762dex51.htm) |
| 24.1\* | [Power of Attorney (included in the signature page to this Registration Statement)](d814762ds8.htm#sig) |
| 99.1 | [EPR Properties 2016 Equity Incentive Plan (as amended and restated on May 6, 2025), which is attached as Exhibit 10.1 to the Registrant's Form 8-K (Commission File No. 001-13561) filed on May 6, 2025, is hereby incorporated by reference as Exhibit 99.1](http://www.sec.gov/Archives/edgar/data/1045450/000104545021000045/a8-k612021exhibit101.htm) |
| 107\* | [Filing Fee Table](d814762dexfilingfees.htm) |

---

\* Each document marked with an asterisk is filed herewith.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Kansas City, State of Missouri, on this 3rd day of June, 2025.

---

| | |
|:---|:---|
| EPR Properties, | EPR Properties, |
| a Maryland real estate investment trust | a Maryland real estate investment trust |
| By: | /s/ Paul R. Turvey |
| Name: | Paul R. Turvey |
| Title: | Senior Vice President, General Counsel and Secretary |

---

------

**POWER OF ATTORNEY** 

Each person whose signature appears below constitutes and appoints Gregory K. Silvers, Mark A. Peterson and Paul R. Turvey, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments, including post-effective amendments, to this Registration Statement, and to any other documents filed with the Securities and Exchange Commission and to file the same, with all exhibits to the Registration Statement and other documents in connection with the Registration Statement, with the Securities and Exchange Commission or any other regulatory authority, grants to the attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, and ratifies and confirms all that said attorneys-in-fact and agents or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue of this power of attorney.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

---

| | | | |
|:---|:---|:---|:---|
| By: | /s/ Gregory K. Silvers<br> Gregory K. Silvers | Chairman of the Board of Trustees, President, Chief Executive Officer (Principal Executive Officer) and Trustee | June 3, 2025 |
| By: | /s/ Mark A. Peterson<br> Mark A. Peterson | Executive Vice President, Chief Financial<br> Officer and Treasurer (Principal Financial Officer) | June 3, 2025 |
| By: | /s/ Tonya L. Mater<br> Tonya L. Mater | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | June 3, 2025 |
| By: | /s/ Peter C. Brown<br> Peter C. Brown | Trustee | June 3, 2025 |
| By: | /s/ William P. Brown<br> William P. Brown | Trustee | June 3, 2025 |
| By: | /s/ John P. Case III<br> John P. Case III | Trustee | June 3, 2025 |
| By: | /s/ James B. Connor<br> James B. Connor | Trustee | June 3, 2025 |
| By: | /s/ Virginia E. Shanks<br> Virginia E. Shanks | Trustee | June 3, 2025 |
| By: | /s/ Robin P. Sterneck<br> Robin P. Sterneck | Trustee | June 3, 2025 |
| By: | /s/ John Peter Suarez<br> John Peter Suarez | Trustee | June 3, 2025 |
| By: | /s/ Lisa G. Trimberger<br> Lisa G. Trimberger | Trustee | June 3, 2025 |
| By: | /s/ Caixia Y. Ziegler<br> Caixia Y. Ziegler | Trustee | June 3, 2025 |

---

## Exhibit 5.1

---

| | |
|:---|:---|
| ![LOGO](g814762g0528082544895.jpg) | **Exhibit 5.1** |

---

June 3, 2025

EPR Properties

909 Walnut Street, Suite 200

Kansas City, Missouri 64106

Re: Registration Statement on Form S-8

EPR Properties 2016 Equity Incentive Plan

Ladies and Gentlemen:

We have acted as counsel to EPR Properties, a Maryland real estate investment trust (the "<u>Company</u>"), and, at the request of the Company, have examined the registration statement on Form S-8 (the "<u>Registration Statement</u>") to be filed by the Company on or about the date hereof with the Securities and Exchange Commission (the "<u>Commission</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), and regulations promulgated thereunder.

The Registration Statement relates to, among other things, the registration under the Securities Act of an additional 2,000,000 common shares of beneficial interest, $0.01 par value per share, of the Company (the "<u>Registered Securities</u>") issuable from time to time pursuant to the Company's 2016 Equity Incentive Plan, as amended (the "<u>Plan</u>").

As the basis for the opinions expressed herein, we have examined originals or copies, certified or otherwise identified to our satisfaction, of (i) the Registration Statement, (ii) the Amended and Restated Declaration of Trust of the Company, as amended to date (the "<u>Charter</u>"), (iii) the Amended and Restated Bylaws of the Company, as amended to date (the "<u>Bylaws</u>"), (iv) the Plan, (v) resolutions and the record of actions taken by the Company's board of trustees and committees thereof and by the Company's shareholders, in each case, with respect to, among other things, the authorization and approval of the Plan, the Registered Securities and the preparation and filing with the Commission of the Registration Statement (such authorizations and approvals referred to herein as the "<u>Approval Proceedings</u>"), (vi) a Certificate of Legal Existence and Good Standing as a Maryland Real Estate Investment Trust issued by the Department of Assessments and Taxation of Maryland with respect to the Company, dated as of a recent date, and (vii) such other instruments, documents and corporate records as we have deemed necessary or appropriate for purposes of the opinions expressed herein. In addition, we have reviewed certain certificates of public officials and of officers of the Company and have examined such matters of law, in each case, as we have deemed necessary as a basis for the opinions expressed herein.

For purposes of the opinions expressed herein, we have assumed (i) the accuracy and completeness of all documents submitted to us, (ii) the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity of the originals of all documents submitted to us as copies, (iii) the legal capacity of all natural persons, (iv) the genuineness of the signatures of persons signing all documents in connection with which the opinions herein are rendered, the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all documents by the parties thereto other than the Company, (v) that the consideration to be received by the Company in exchange for each Registered Security to be issued pursuant to the Plan constitutes adequate consideration therefor and is actually received by the Company, (vi) that the Registered Securities will not be issued or transferred in violation of any restriction or limitation contained in the Charter, the Bylaws or the Plan. In addition, we have assumed the accuracy of, and have relied upon, the statements, representations and certificates of public officials and of officers of the Company with respect to certain factual matters that we have not independently established or verified.

------

EPR Properties

June 3, 2025

Our opinions expressed herein are subject to the qualifications that we express no opinion as to the applicability of, compliance with, or effect of (i) applicable bankruptcy, insolvency, reorganization, moratorium, arrangement and other laws affecting creditors' rights, including, without limitation, the effect of statutory or other laws regarding fraudulent conveyances, fraudulent transfers and preferential transfers, (ii) the limitations imposed by general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific performance or injunctive relief regardless of whether considered in a proceeding in equity or at law, and (iii) public policy considerations which may limit the rights of parties to obtain certain remedies.

Based on the foregoing and subject to the limitations and assumptions set forth herein, we are of the opinion that the Registered Securities have been duly authorized by the Company and, when issued to the Plan participants against the provision to the Company of the specified consideration therefor, in each case, as provided in and in accordance with the Plan and the applicable award agreements and the applicable Approval Proceedings, will be validly issued, fully paid and non-assessable.

Our opinions and statements expressed herein are restricted to matters governed by (i) the federal laws of the United States of America, and (ii) Title 8 of the Corporations and Associations Article of the Annotated Code of Maryland, and we express no opinion as to any matter arising under the laws of any other jurisdiction, including, without limitation, the statutes, ordinances, rules and regulations of counties, towns, municipalities and special political subdivisions of any state. We advise you that the issues addressed by this letter may be governed in whole or in part by other laws, and we express no opinion as to whether any relevant difference exists between the laws upon which our opinions herein are based and any other laws that may actually govern.

The opinions expressed herein are limited to the specific issues addressed herein, and we express no opinion, whether by implication or otherwise, as to any matters beyond that expressly stated herein. This letter shall not be construed as or deemed to be a guaranty or insuring agreement. The opinions expressed herein are rendered as of the date first written above and we have no continuing obligation hereunder to inform you of changes of law, including judicial interpretations of law, or of facts, circumstances, events or developments of which we become aware after the date hereof and which may alter, affect or modify the opinions expressed herein.

We hereby consent to the filing of this letter as Exhibit 5.1 to the Registration Statement and to the reference to this firm in the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act, or the rules of the Commission promulgated thereunder.

Sincerely,

**Stinson LLP** 

/s/ Stinson LLP

## Exhibit 23.1

**Exhibit 23.1** 

**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our report dated February 27, 2025, with respect to the consolidated financial statements of EPR Properties, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

/s/ KPMG LLP

Chicago, Illinois

June 3, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

#### Exhibit 107

#### Calculation of Filing Fee Tables

#### Form S-8
(Form Type)

#### EPR Properties
(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Security Type | Security<br> Class<br> Title | Fee<br> Calculation<br>Rule | Amount<br>Registered (1) | Proposed<br>Maximum<br>Offering<br>Price Per<br>Share (2) | Maximum Aggregate<br>Offering Price (2) | Fee<br> Rate | Amount of<br>Registration<br>Fee (2) (3) |
| &nbsp;&nbsp;&nbsp;Equity | Common Shares, par value $0.01 per share | 457(c) and 457(h) | 2000000 | $53.52 | $107040000.00 | 0.00015310 | $16387.82 |
| &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts | &nbsp;&nbsp;&nbsp;Total Offering Amounts |  |  |  | $16387.82 |
| &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets | &nbsp;&nbsp;&nbsp;Total Fee Offsets |  |  |  | $0 |
| &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due | &nbsp;&nbsp;&nbsp;Net Fee Due |  |  |  | $16387.82 |

---

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the " <u>Securities Act</u> "), such number of shares registered hereby shall include an indeterminate number of common shares that may be issued in connection with a share split, share dividend or similar event, for which no separate consideration will be paid.

(2) Calculated pursuant to Rules 457(c) and 457(h) under the Securities Act solely for the purpose of calculating the amount of the registration fee, on the basis of the average of the high and low prices of the common shares of beneficial interest of EPR Properties reported on the New York Stock Exchange on May 27, 2025.

(3) Calculated pursuant to General Instruction E to Form S-8.