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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Reportable Operating Segments

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 September 30, 2025
			Experiential			Education			Corporate/Unallocated			Consolidated
Total Assets			$	5,156,649		$	365,300		$	21,948		$	5,543,897
			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 September 30, 2025
			Experiential			Education			Corporate/Unallocated			Consolidated
Rental revenue			$	146,129		$	8,709		$	—		$	154,838
Other income			12,072			—			63			12,135
Mortgage and other financing income			15,326			7			—			15,333
Total revenue			173,527			8,716			63			182,306
Property operating expense			14,275			(12)			215			14,478
Other expense			11,173			—			—			11,173
Total investment expenses			25,448			(12)			215			25,651
Net operating income - before unallocated items			148,079			8,728			(152)			156,655
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense												(14,001)
Retirement and severance expense												(1,094)
Transaction costs												(492)
(Provision) benefit for credit losses, net												(9,117)
Depreciation and amortization												(42,409)
Gain on sale of real estate and early ground lease termination												8,073
Interest expense, net												(33,238)
Equity in income from joint ventures												2,934
Income tax expense												(725)
Net income												66,586
Preferred dividend requirements												(6,032)
Net income available to common shareholders of EPR Properties												$	60,554

			Three Months Ended September 30, 2024
			Experiential			Education			Corporate/Unallocated			Consolidated
Rental revenue			$	139,241		$	9,436		$	—		$	148,677
Other income			17,232			—			187			17,419
Mortgage and other financing income			14,206			205			—			14,411
Total revenue			170,679			9,641			187			180,507
Property operating expense			14,180			189			242			14,611
Other expense			15,631			—			—			15,631
Total investment expenses			29,811			189			242			30,242
Net operating income - before unallocated items			140,868			9,452			(55)			150,265
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense												(11,935)
Transaction costs												(175)
(Provision) benefit for credit losses, net												770
Depreciation and amortization												(42,795)
Loss on sale of real estate and early ground lease termination												(3,419)
Costs associated with loan refinancing or payoff												(337)
Interest expense, net												(32,867)
Equity in loss from joint ventures												(851)
Impairment charges on joint ventures												(12,130)
Income tax benefit												124
Net income												46,650
Preferred dividend requirements												(6,032)
Net income available to common shareholders of EPR Properties												$	40,618

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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