# EDGAR Filing Document

**Accession Number:** 0001045450
**File Stem:** 0001193125-25-262648
**Filing Date:** 2025-11
**Character Count:** 5763
**Document Hash:** 3dc45cb811daee3f2d785b1b82c3e0aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-262648.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001193125-25-262648

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**SUBJECT COMPANY**: 

**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:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-287744
- **FILM NUMBER:** 251444618

**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
**FILED BY**: 

**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:** FWP

**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

**Issuer Free Writing Prospectus filed pursuant to Rule 433** 

**supplementing the Preliminary Prospectus Supplement dated** 

**November 3, 2025 and the Prospectus dated June 3, 2025** 

**Registration No. 333-287744**![LOGO](g65117g1104021001393.jpg)

**PRICING TERM SHEET** 

**$550,000,000 4.750% Senior Notes due 2030** 

This pricing term sheet supplements the information set forth in the Issuer's Preliminary Prospectus Supplement dated November 3, 2025 and the Prospectus dated June 3, 2025.

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| | |
|:---|:---|
| **Issuer:** | EPR Properties |
| **Aggregate Principal Amount:** | $550000000 |
| **Expected Ratings\***<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Moody's/S&P/Fitch):** | Baa3 (stable) / BBB- (stable) / BBB- (stable) |
| **Final Maturity Date:** | November 15, 2030 |
| **Public Offering Price:** | 98.800% |
| **Coupon:** | 4.750% |
| **Yield to Maturity:** | 5.024% |
| **Benchmark Treasury:** | UST 3.625% due October 31, 2030 |
| **Benchmark Treasury Price/ Yield:** | 99-17 <sup>3</sup>⁄<sub>4</sub> / 3.724% |
| **Spread to Benchmark Treasury:** | T+130 bps |
| **Interest Payment Dates:** | November 15 and May 15 of each year, commencing May 15, 2026 (long first coupon) |
| **Optional Redemption:** | The redemption price for notes that are redeemed will be equal to (i) 100% of their principal amount, plus accrued and unpaid interest, up to, but excluding, the date of redemption, plus (ii) a make-whole premium (T+20 bps). If redeemed on or after the Par Call Date, the redemption price for notes that are redeemed will be 100% of their principal amount, plus accrued and unpaid interest, up to, but excluding, the date of redemption. |
| **Par Call Date:** | On or after October 15, 2030 |
| **Joint Book-Running Managers:** | J.P. Morgan Securities LLC<br> BofA Securities, Inc.<br> Barclays Capital Inc.<br> RBC Capital Markets, LLC<br> Citigroup Global Markets Inc.<br> Citizens JMP Securities, LLC<br> KeyBanc Capital Markets Inc.<br> Truist Securities, Inc. |
| **Co-Managers:** | Raymond James & Associates, Inc.<br> Stifel, Nicolaus & Company, Incorporated<br> UMB Financial Services, Inc.<br> U.S. Bancorp Investments, Inc. |
| **CUSIP / ISIN:** | 26884UAH2 / US26884UAH23 |
| **Denominations:** | $2,000 x $1,000 |

---

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| | |
|:---|:---|
| **Trade Date:** | November 3, 2025 |
| **Settlement Date:** | November 13, 2025 (T+7) |
| **Form of Offering:** | SEC Registered (Registration No. 333-287744) |
| **Net Proceeds:** | Approximately $538.3 million, after deducting the underwriting discount and estimated offering expenses. |

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\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

\* \* \* \*

**The Issuer has filed a registration statement (including the Prospectus dated June 3**, **2025 and the Preliminary Prospectus Supplement dated November 3, 2025) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the Prospectus, the Preliminary Prospectus Supplement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the Prospectus and the Preliminary Prospectus Supplement if you request it by contacting J.P. Morgan Securities LLC, by telephone collect at (212) 834-4533; BofA Securities, Inc., by telephone toll free at (800) 294-1322; Barclays Capital Inc., by telephone toll free at (888) 603-5847; or RBC Capital Markets, LLC, by telephone toll free at (866) 375-6829.**