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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Reportable Operating Segments | Segment Information The Company groups its investments into two reportable operating segments: Experiential and Education. The financial information summarized below is presented by reportable operating segment (in thousands):
Balance Sheet Data:
| As of June 30, 2023
| Experiential | Education | Corporate/Unallocated | Consolidated
Total Assets | $ | 5,140,804 |  | $ | 460,126 |  | $ | 102,634 |  | $ | 5,703,564 |
| As of December 31, 2022
| Experiential | Education | Corporate/Unallocated | Consolidated
Total Assets | $ | 5,164,710 |  | $ | 473,580 |  | $ | 120,411 |  | $ | 5,758,701 |
Operating Data: |  |  |  |
| Three Months Ended June 30, 2023
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 142,421 |  | $ | 9,449 |  | $ | — |  | $ | 151,870 |
Other income | 9,825 |  | — |  | 299 |  | 10,124 |
Mortgage and other financing income | 10,694 |  | 219 |  | — |  | 10,913 |
Total revenue | 162,940 |  | 9,668 |  | 299 |  | 172,907 |
Property operating expense | 13,744 |  | — |  | 228 |  | 13,972 |
Other expense | 9,161 |  | — |  | — |  | 9,161 |
Total investment expenses | 22,905 |  | — |  | 228 |  | 23,133 |
Net operating income - before unallocated items | 140,035 |  | 9,668 |  | 71 |  | 149,774 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (15,248) |
Severance expense |  |  | (547) |
Transaction costs |  |  |  | (36) |
Credit loss benefit |  |  |  | 275 |
Impairment charges |  |  |  | (43,785) |
Depreciation and amortization |  |  | (43,705) |
Loss on sale of real estate |  |  | (575) |
Interest expense, net |  |  |  | (31,591) |
Equity in loss from joint ventures |  |  | (615) |
Income tax expense |  |  | (347) |
Net income |  |  | 13,600 |
Preferred dividend requirements |  |  | (6,040) |
Net income available to common shareholders of EPR Properties | $ | 7,560 |
Operating Data: |  |  |  |
| Three Months Ended June 30, 2022
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 133,009 |  | $ | 9,866 |  | $ | — |  | $ | 142,875 |
Other income | 7,685 |  | — |  | 2,276 |  | 9,961 |
Mortgage and other financing income | 7,382 |  | 228 |  | — |  | 7,610 |
Total revenue | 148,076 |  | 10,094 |  | 2,276 |  | 160,446 |
Property operating expense | 13,358 |  | — |  | 234 |  | 13,592 |
Other expense | 8,872 |  | — |  | — |  | 8,872 |
Total investment expenses | 22,230 |  | — |  | 234 |  | 22,464 |
Net operating income - before unallocated items | 125,846 |  | 10,094 |  | 2,042 |  | 137,982 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (12,691) |
Transaction costs |  |  |  | (1,145) |
Credit loss expense |  |  |  | (9,512) |
Depreciation and amortization |  |  | (40,766) |
Interest expense, net |  |  |  | (33,289) |
Equity in income from joint ventures |  |  | 1,421 |
Impairment charges on joint ventures |  |  |  | (647) |
Income tax expense |  |  |  | (444) |
Net income |  |  | 40,909 |
Preferred dividend requirements |  | (6,033) |
Net income available to common shareholders of EPR Properties | $ | 34,876 |
Operating Data: |  |  |  |
| Six Months Ended June 30, 2023
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 284,121 |  | $ | 19,340 |  | $ | — |  | $ | 303,461 |
Other income | 18,933 |  | 1 |  | 523 |  | 19,457 |
Mortgage and other financing income | 20,943 |  | 442 |  | — |  | 21,385 |
Total revenue | 323,997 |  | 19,783 |  | 523 |  | 344,303 |
Property operating expense | 27,921 |  | — |  | 206 |  | 28,127 |
Other expense | 18,111 |  | — |  | — |  | 18,111 |
Total investment expenses | 46,032 |  | — |  | 206 |  | 46,238 |
Net operating income - before unallocated items | 277,965 |  | 19,783 |  | 317 |  | 298,065 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (29,213) |
Severance expense |  |  | (547) |
Transaction costs |  |  |  | (306) |
Credit loss expense |  |  |  | (312) |
Impairment charges |  |  |  | (43,785) |
Depreciation and amortization |  |  | (84,909) |
Loss on sale of real estate |  |  | (1,135) |
Interest expense, net |  |  |  | (63,313) |
Equity in loss from joint ventures |  |  | (2,600) |
Income tax expense |  |  |  | (688) |
Net income |  |  | 71,257 |
Preferred dividend requirements |  | (12,073) |
Net income available to common shareholders of EPR Properties | $ | 59,184 |
Operating Data: |  |  |  |
| Six Months Ended June 30, 2022
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 262,034 |  | $ | 20,444 |  | $ | — |  | $ | 282,478 |
Other income | 16,895 |  | — |  | 2,371 |  | 19,266 |
Mortgage and other financing income | 15,716 |  | 458 |  | — |  | 16,174 |
Total revenue | 294,645 |  | 20,902 |  | 2,371 |  | 317,918 |
Property operating expense | 27,051 |  | (7) |  | 487 |  | 27,531 |
Other expense | 16,969 |  | — |  | — |  | 16,969 |
Total investment expenses | 44,020 |  | (7) |  | 487 |  | 44,500 |
Net operating income - before unallocated items | 250,625 |  | 20,909 |  | 1,884 |  | 273,418 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (25,915) |
Transaction costs |  |  |  | (3,392) |
Credit loss expense |  |  |  | (9,206) |
Impairment charges |  |  |  | (4,351) |
Depreciation and amortization |  |  | (80,810) |
Interest expense, net |  |  |  | (66,549) |
Equity in income from joint ventures |  |  | 1,315 |
Impairment charges on joint ventures |  |  |  | (647) |
Income tax expense |  |  |  | (762) |
Net income |  |  | 83,101 |
Preferred dividend requirements |  | (12,066) |
Net income available to common shareholders of EPR Properties | $ | 71,035 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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