Segment Information

The Company groups its investments into four reportable operating segments: Entertainment, Recreation, Education and Other. The financial information summarized below is presented by reportable operating segment:



Balance Sheet Data:
	As of December 31, 2018
	Entertainment		Recreation		Education		Other		Corporate/Unallocated		Consolidated
Total Assets	$	2,344,855	$	2,187,808	$	1,366,278	$	207,724	$	24,725	$	6,131,390

	As of December 31, 2017
	Entertainment		Recreation		Education		Other		Corporate/Unallocated		Consolidated
Total Assets	$	2,380,129	$	2,102,041	$	1,429,992	$	199,052	$	80,279	$	6,191,493



Operating Data:
	For the Year Ended December 31, 2018
	Entertainment		Recreation		Education		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	301,782	$	142,822	$	102,642	$	9,117	$	—	$	556,363
Other income	270		62		—		—		1,744		2,076
Mortgage and other financing income	7,971		109,200		25,121		—		—		142,292
Total revenue	310,023		252,084		127,763		9,117		1,744		700,731

Property operating expense	24,141		126		3,933		1,901		655		30,756
Other expense	—		—		—		—		443		443
Total investment expenses	24,141		126		3,933		1,901		1,098		31,199
Net operating income - before unallocated items	285,882		251,958		123,830		7,216		646		669,532

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(48,889		)
Severance expense											(5,938		)
Litigation settlement expense											(2,090		)
Costs associated with loan refinancing or payoff											(31,958		)
Interest expense, net											(135,507		)
Transaction costs											(3,698		)
Impairment charges											(27,283		)
Depreciation and amortization											(153,430		)
Equity in loss from joint ventures											(22		)
Gain on sale of real estate											3,037
Gain on sale of investment in a direct financing lease											5,514
Income tax expense											(2,285		)
Net income											266,983
Preferred dividend requirements											(24,142		)
Net income available to common shareholders of EPR Properties											$	242,841



	For the Year Ended December 31, 2017
	Entertainment		Recreation		Education		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	283,247	$	112,763	$	79,031	$	9,162	$	—	$	484,203
Other income	614		—		1		—		2,480		3,095
Mortgage and other financing income	4,407		48,740		35,546		—		—		88,693
Total revenue	288,268		161,503		114,578		9,162		2,480		575,991

Property operating expense	23,175		117		6,314		1,407		640		31,653
Other expense	—		—		—		—		242		242
Total investment expenses	23,175		117		6,314		1,407		882		31,895
Net operating income - before unallocated items	265,093		161,386		108,264		7,755		1,598		544,096

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(43,383		)
Costs associated with loan refinancing or payoff											(1,549		)
Gain on early extinguishment of debt											977
Interest expense, net											(133,124		)
Transaction costs											(523		)
Impairment charges											(10,195		)
Depreciation and amortization											(132,946		)
Equity in income from joint ventures											72
Gain on sale of real estate											41,942
Income tax expense											(2,399		)
Net income											262,968
Preferred dividend requirements											(24,293		)
Preferred share redemption costs											(4,457		)
Net income available to common shareholders of EPR Properties											$	234,218



	For the Year Ended December 31, 2016
	Entertainment		Recreation		Education		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	266,247	$	62,527	$	77,775	$	8,635	$	—	$	415,184
Other income	249		4,482		1,648		—		2,660		9,039
Mortgage and other financing income	6,187		30,190		32,539		103		—		69,019
Total revenue	272,683		97,199		111,962		8,738		2,660		493,242

Property operating expense	21,303		8		—		662		629		22,602
Other expense	—		—		—		5		—		5
Total investment expenses	21,303		8		—		667		629		22,607
Net operating income - before unallocated items	251,380		97,191		111,962		8,071		2,031		470,635

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(37,543		)
Costs associated with loan refinancing or payoff											(905		)
Interest expense, net											(97,144		)
Transaction costs											(7,869		)
Depreciation and amortization											(107,573		)
Equity in income from joint ventures											619
Gain on sale of real estate											5,315
Income tax expense											(553		)
Net income											224,982
Preferred dividend requirements											(23,806		)
Net income available to common shareholders of EPR Properties											$	201,176