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v3.25.1

Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company groups its investments into two reportable operating segments: Experiential and Education. The Company’s segment structure reflects the financial information and reports used by the Company’s management team, specifically its chief operating decision maker (CODM), to make decisions regarding the Company’s business, including resource allocation and performance assessments. The Company’s CODM is its Chairman, President and Chief Executive Officer. The CODM uses Total Assets and Net Operating Income (NOI) before unallocated items by segment to assess and allocate resources. NOI is calculated as total revenue (consisting of rental revenue, other income and mortgage and other financing income) less property operating expense and other expense. The financial information summarized below is presented by reportable operating segment (in thousands):
Balance Sheet Data:
| As of March 31, 2025
| Experiential | Education | Corporate/Unallocated | Consolidated
Total Assets | $ | 5,128,994 |  | $ | 370,651 |  | $ | 32,904 |  | $ | 5,532,549 |
| As of December 31, 2024
| Experiential | Education | Corporate/Unallocated | Consolidated
Total Assets | $ | 5,171,845 |  | $ | 409,801 |  | $ | 34,861 |  | $ | 5,616,507 |
Operating Data: |  |  |  |
| Three Months Ended March 31, 2025
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 135,806 |  | $ | 10,553 |  | $ | — |  | $ | 146,359 |
Other income | 11,458 |  | — |  | 178 |  | 11,636 |
Mortgage and other financing income | 16,771 |  | 267 |  | — |  | 17,038 |
Total revenue | 164,035 |  | 10,820 |  | 178 |  | 175,033 |
Property operating expense | 14,931 |  | 4 |  | 236 |  | 15,171 |
Other expense | 12,611 |  | — |  | — |  | 12,611 |
Total investment expenses | 27,542 |  | 4 |  | 236 |  | 27,782 |
Net operating income - before unallocated items | 136,493 |  | 10,816 |  | (58) |  | 147,251 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (14,024) |
Transaction costs |  |  |  | (567) |
(Provision) benefit for credit losses, net |  | 652 |
Depreciation and amortization |  |  | (41,089) |
Gain on sale of real estate |  |  | 9,384 |
Interest expense, net |  |  |  | (33,021) |
Equity in loss from joint ventures |  |  | (2,647) |
Income tax expense |  |  | (136) |
Net income |  |  | 65,803 |
Preferred dividend requirements |  |  | (6,032) |
Net income available to common shareholders of EPR Properties | $ | 59,771 |
| Three Months Ended March 31, 2024
| Experiential | Education | Corporate/Unallocated | Consolidated
Rental revenue | $ | 132,824 |  | $ | 9,457 |  | $ | — |  | $ | 142,281 |
Other income | 11,770 |  | 100 |  | 167 |  | 12,037 |
Mortgage and other financing income | 12,705 |  | 209 |  | — |  | 12,914 |
Total revenue | 157,299 |  | 9,766 |  | 167 |  | 167,232 |
Property operating expense | 14,540 |  | 129 |  | 251 |  | 14,920 |
Other expense | 12,976 |  | — |  | — |  | 12,976 |
Total investment expenses | 27,516 |  | 129 |  | 251 |  | 27,896 |
Net operating income - before unallocated items | 129,783 |  | 9,637 |  | (84) |  | 139,336 |
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense |  |  | (13,908) |
Retirement and severance expense |  |  | (1,836) |
Transaction costs |  |  |  | (1) |
(Provision) benefit for credit losses, net |  | (2,737) |
Depreciation and amortization |  |  | (40,469) |
Gain on sale of real estate |  |  | 17,949 |
Interest expense, net |  |  |  | (31,651) |
Equity in loss from joint ventures |  |  | (3,627) |
Income tax expense |  |  |  | (347) |
Net income |  |  | 62,709 |
Preferred dividend requirements |  | (6,032) |
Net income available to common shareholders of EPR Properties | $ | 56,677 |

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- Definition The entire disclosure for reporting segments including data and tables. 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