XML 72 R58.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidating Financial Statements (Condensed Consolidating Statement Of Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Rental revenue $ 119,469 $ 96,055 $ 226,506 $ 189,833
Tenant reimbursements 3,941 3,891 7,690 7,756
Other income 1,304 2,126 1,996 3,336
Mortgage and other financing income 23,068 15,961 40,702 35,876
Intercompany fee income 0 0 0 0
Interest income on intercompany notes receivable 0 0 0 0
Total revenue 147,782 118,033 276,894 236,801
Equity in subsidiaries' earnings 0 0 0 0
Property operating expense 6,072 5,580 12,422 11,061
Intercompany fee expense 0 0 0 0
Other expense 0 0 0 5
General and administrative expense 10,660 9,000 21,717 18,218
Costs associated with loan refinancing or payoff 9 339 14 891
Gain (Loss) on Extinguishment of Debt (977) 0 (977) 0
Interest expense, net 32,967 22,756 63,659 46,045
Interest expense on intercompany notes payable 0 0 0 0
Transaction costs 218 1,490 275 1,934
Asset Impairment Charges 10,195 0 10,195 0
Depreciation and amortization 33,148 25,666 61,225 51,621
Income before equity in income from joint ventures and other items 55,490 53,202 108,364 107,026
Equity in income from joint ventures 59 86 51 298
Gain on sale of real estate 25,461 2,270 27,465 2,270
Income before income taxes 81,010 55,558 135,880 109,594
Income tax expense (475) (423) (1,429) (279)
Income from continuing operations 80,535 55,135 134,451 109,315
Net income attributable to EPR Properties 80,535 55,135 134,451 109,315
Dividends, Preferred Stock (5,952) (5,952) (11,904) (11,904)
Net income available to common shareholders of EPR Properties 74,583 49,183 122,547 97,411
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 81,627 54,912 136,415 107,178
EPR Properties (Issuer) [Member]        
Rental revenue 0 0 0 0
Tenant reimbursements 0 0 0 0
Other income 0 0 0 0
Mortgage and other financing income 232 212 464 424
Intercompany fee income 678 688 1,362 1,341
Interest income on intercompany notes receivable 0 0 0 0
Total revenue 910 900 1,826 1,765
Equity in subsidiaries' earnings 115,062 78,883 200,104 155,670
Property operating expense 0 0 0 0
Intercompany fee expense 0 0 0 0
Other expense   0   0
General and administrative expense 0 0 0 0
Costs associated with loan refinancing or payoff 0 0 0 0
Gain (Loss) on Extinguishment of Debt 0   0  
Interest expense, net 34,602 22,437 66,060 44,627
Interest expense on intercompany notes payable 0 0 0 0
Transaction costs 218 1,394 275 1,837
Asset Impairment Charges 0   0  
Depreciation and amortization 237 446 430 889
Income before equity in income from joint ventures and other items 80,915 55,506 135,165 110,082
Equity in income from joint ventures 0 0 0 0
Gain on sale of real estate 0 0 0 0
Income before income taxes 80,915 55,506 135,165 110,082
Income tax expense (380) (371) (714) (767)
Net income attributable to EPR Properties 80,535 55,135 134,451 109,315
Dividends, Preferred Stock (5,952) (5,952) (11,904) (11,904)
Net income available to common shareholders of EPR Properties 74,583 49,183 122,547 97,411
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 81,627 54,912 136,415 107,178
Wholly-Owned Subsidiary Guarantors [Member]        
Rental revenue 95,048 82,393 188,579 162,722
Tenant reimbursements 1,440 1,372 2,681 2,721
Other income 607 1,329 613 1,820
Mortgage and other financing income 22,771 15,659 40,143 31,678
Intercompany fee income 0 0 0 0
Interest income on intercompany notes receivable 2,411 2,500 4,855 4,836
Total revenue 122,277 103,253 236,871 203,777
Equity in subsidiaries' earnings 0 0 0 0
Property operating expense 3,060 2,555 6,322 5,218
Intercompany fee expense 0 0 0 0
Other expense   0   0
General and administrative expense 8,688 7,718 18,278 15,378
Costs associated with loan refinancing or payoff 0 339 0 339
Gain (Loss) on Extinguishment of Debt 0   0  
Interest expense, net (2,461) (1,954) (5,114) (3,200)
Interest expense on intercompany notes payable 0 0 0 0
Transaction costs 0 0 0 0
Asset Impairment Charges 10,195   10,195  
Depreciation and amortization 25,236 21,674 49,961 43,748
Income before equity in income from joint ventures and other items 77,559 72,921 157,229 142,294
Equity in income from joint ventures 0 0 0 0
Gain on sale of real estate 24,343 2,270 26,347 2,270
Income before income taxes 101,902 75,191 183,576 144,564
Income tax expense 0 0 0 0
Net income attributable to EPR Properties 101,902 75,191 183,576 144,564
Dividends, Preferred Stock 0 0 0 0
Net income available to common shareholders of EPR Properties 101,902 75,191 183,576 144,564
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 101,902 75,191 183,576 144,564
Non-Guarantor Subsidiaries [Member]        
Rental revenue 24,421 13,662 37,927 27,111
Tenant reimbursements 2,501 2,519 5,009 5,035
Other income 697 797 1,383 1,516
Mortgage and other financing income 65 90 95 3,774
Intercompany fee income 0 0 0 0
Interest income on intercompany notes receivable 0 0 0 0
Total revenue 27,684 17,068 44,414 37,436
Equity in subsidiaries' earnings 0 0 0 0
Property operating expense 3,012 3,025 6,100 5,843
Intercompany fee expense 678 688 1,362 1,341
Other expense   0   5
General and administrative expense 1,972 1,282 3,439 2,840
Costs associated with loan refinancing or payoff 9 0 14 552
Gain (Loss) on Extinguishment of Debt (977)   (977)  
Interest expense, net 826 2,273 2,713 4,618
Interest expense on intercompany notes payable 2,411 2,500 4,855 4,836
Transaction costs 0 96 0 97
Asset Impairment Charges 0   0  
Depreciation and amortization 7,675 3,546 10,834 6,984
Income before equity in income from joint ventures and other items 12,078 3,658 16,074 10,320
Equity in income from joint ventures 59 86 51 298
Gain on sale of real estate 1,118 0 1,118 0
Income before income taxes 13,255 3,744 17,243 10,618
Income tax expense (95) (52) (715) 488
Net income attributable to EPR Properties 13,160 3,692 16,528 11,106
Dividends, Preferred Stock 0 0 0 0
Net income available to common shareholders of EPR Properties 13,160 3,692 16,528 11,106
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 13,635 3,900 16,299 12,943
Consolidated Elimination [Member]        
Rental revenue 0 0 0 0
Tenant reimbursements 0 0 0 0
Other income 0 0 0 0
Mortgage and other financing income 0 0 0 0
Intercompany fee income (678) (688) (1,362) (1,341)
Interest income on intercompany notes receivable (2,411) (2,500) (4,855) (4,836)
Total revenue (3,089) (3,188) (6,217) (6,177)
Equity in subsidiaries' earnings (115,062) (78,883) (200,104) (155,670)
Property operating expense 0 0 0 0
Intercompany fee expense (678) (688) (1,362) (1,341)
Other expense   0   0
General and administrative expense 0 0 0 0
Costs associated with loan refinancing or payoff 0 0 0 0
Gain (Loss) on Extinguishment of Debt 0   0  
Interest expense, net 0 0 0 0
Interest expense on intercompany notes payable (2,411) (2,500) (4,855) (4,836)
Transaction costs 0 0 0 0
Asset Impairment Charges 0   0  
Depreciation and amortization 0 0 0 0
Income before equity in income from joint ventures and other items (115,062) (78,883) (200,104) (155,670)
Equity in income from joint ventures 0 0 0 0
Gain on sale of real estate 0 0 0 0
Income before income taxes (115,062) (78,883) (200,104) (155,670)
Income tax expense 0 0 0 0
Net income attributable to EPR Properties (115,062) (78,883) (200,104) (155,670)
Dividends, Preferred Stock 0 0 0 0
Net income available to common shareholders of EPR Properties (115,062) (78,883) (200,104) (155,670)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (115,537) $ (79,091) $ (199,875) $ (157,507)