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Segment Information (Tables)

6 Months Ended

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

X

- 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

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- References

No definition available.

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