EPR Properties's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), EPR Properties reported revenue of $718.4M (+2.9% year on year) and net income of $274.9M (+88.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating Lease, Lease Income | $608.6M | $585.2M | $616.1M | $575.6M |
| Other income | $45.6M | $57.1M | $45.9M | $47.4M |
| Interest and Fee Income, Loans, Commercial and Residential, Real Estate | $64.2M | $55.8M | $43.6M | $35.0M |
| Revenues, Total | $718.4M | $698.1M | $705.7M | $658.0M |
| Property operating expense | $59.2M | $59.1M | $57.5M | $56.0M |
| Other expense | $45.8M | $56.9M | $44.8M | $33.8M |
| General and Administrative Expense | $55.8M | $50.1M | $56.4M | $51.6M |
| Severance expense | $3.0M | $1.8M | $547.0K | $0 |
| Transaction costs | $2.2M | $798.0K | $1.6M | $4.5M |
| Financing Receivable, Credit Loss, Expense (Reversal) | $8.5M | $12.2M | $878.0K | $10.8M |
| Impairment, Long-Lived Asset, Held-for-Use | $0 | — | — | — |
| Depreciation and amortization | $169.2M | $165.7M | $168.0M | $163.7M |
| Costs and Expenses | $343.6M | $398.5M | $397.1M | $347.7M |
| Gain (Loss) on Disposition of Assets | $39.5M | $16.1M | ($2.2M) | $651.0K |
| Operating Income | $414.3M | $315.7M | $306.4M | $311.0M |
| Costs associated with loan refinancing or payoff | $0 | $337.0K | $0 | $0 |
| Interest expense, net | $133.1M | $130.8M | $124.9M | $131.2M |
| Loss from Equity Method Investments | $3.8M | $8.8M | $6.8M | $1.7M |
| Impairment charges on joint ventures | $0 | $28.2M | $0 | $647.0K |
| Income from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | $277.4M | $147.5M | $174.8M | $177.5M |
| Income Tax Expense | $2.5M | $1.4M | $1.7M | $1.2M |
| Net income | $274.9M | $146.1M | $173.0M | $176.2M |
| Preferred dividend requirements | $24.1M | $24.1M | $24.1M | $24.1M |
| Net Income Available to Common Stockholders, Basic, Total | $250.8M | $121.9M | $148.9M | $152.1M |
| Earnings Per Share, Basic | $3.30 | $1.61 | $1.98 | $2.03 |
| Earnings Per Share, Diluted | $3.28 | $1.60 | $1.97 | $2.03 |
| Basic | 76.0M | 75.6M | 75.3M | 75.0M |
| Diluted | 76.5M | 76.0M | 75.7M | 75.0M |
| Foreign currency translation adjustment | $12.9M | ($23.0M) | $6.9M | ($20.5M) |
| Unrealized Gain (Loss) on Derivatives | ($8.1M) | $16.0M | ($5.5M) | $12.4M |
| Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $279.7M | $139.0M | $174.4M | $168.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Operating Lease, Lease Income | $169.0M | $155.2M | $154.8M | $150.4M |
| Other income | $11.8M | $10.1M | $12.1M | $12.2M |
| Interest and Fee Income, Loans, Commercial and Residential, Real Estate | $15.3M | $16.0M | $15.3M | $15.5M |
| Total revenue | $196.1M | $181.3M | $182.3M | $178.1M |
| Property operating expense | $15.4M | $15.4M | $14.5M | $14.7M |
| Other expense | $11.1M | $11.0M | $11.2M | $12.0M |
| General and Administrative Expense | $14.0M | $14.2M | $14.0M | $13.2M |
| Severance Costs | $0 | $1.4M | $1.1M | $0 |
| Transaction costs | $45.0K | $293.0K | $492.0K | $669.0K |
| Financing Receivable, Credit Loss, Expense (Reversal) | $138.0K | ($5.6M) | $9.1M | $997.0K |
| Depreciation and amortization | $48.6M | $45.0M | $42.4M | $42.1M |
| Operating Costs and Expenses | $89.2M | $81.7M | $92.8M | $83.6M |
| Gain on sale of real estate | $182.0K | $1.0M | $8.1M | $16.8M |
| Operating Income | $107.0M | $100.6M | $97.6M | $111.3M |
| Interest expense, net | $38.3M | $34.8M | $33.2M | $33.2M |
| Equity in loss from joint ventures | $984.0K | $2.6M | ($2.9M) | $1.7M |
| Income from Continuing Operations before Income Taxes, Noncontrolling Interest | $67.8M | $63.2M | $67.3M | $76.3M |
| Income tax expense | $617.0K | $614.0K | $725.0K | $681.0K |
| Net income | $67.2M | $62.6M | $66.6M | $75.6M |
| Preferred dividend requirements | $6.0M | $6.0M | $6.0M | $6.0M |
| Net income available to common shareholders of EPR Properties | $61.1M | $56.6M | $60.6M | $69.6M |
| Foreign currency translation adjustment | ($5.6M) | ($4.5M) | ($5.5M) | $14.0M |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Parent | $4.2M | $4.1M | $4.9M | — |
| Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $65.8M | $62.2M | $66.0M | $79.2M |
| Net income available to common shareholders (in dollars per share) | $0.80 | $0.74 | $0.80 | $0.91 |
| Net income available to common shareholders (in dollars per share) | $0.79 | $0.74 | $0.79 | $0.91 |
| Basic (in shares) | 76.5M | 76.3M | 76.1M | 76.1M |
| Diluted (in shares) | 77.0M | 76.6M | 76.7M | 76.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Real Estate Investment Property, Net | $4.5B | $4.4B | $4.5B | $4.7B |
| Land held for development | $20.2M | $20.2M | $20.2M | $20.2M |
| Property under development | $54.9M | $112.3M | $131.3M | $76.0M |
| Operating Lease, Right-of-Use Asset | $170.8M | $173.4M | $186.6M | $201.0M |
| Financing Receivable, after Allowance for Credit Loss, Current | $679.3M | $665.8M | $569.8M | $457.3M |
| Real Estate Investments, Joint Ventures | $12.3M | $14.0M | $49.8M | — |
| Cash and cash equivalents | $90.6M | $22.1M | $78.1M | $107.9M |
| Restricted cash | $8.1M | $13.6M | $2.9M | $2.6M |
| Accounts receivable | $97.9M | $84.6M | $63.7M | $53.6M |
| Other assets | $71.6M | $75.3M | $61.3M | $73.1M |
| Total assets | $5.7B | $5.6B | $5.7B | $5.8B |
| Accounts payable and accrued liabilities | $99.4M | $108.0M | $94.9M | $80.1M |
| Operating Lease, Liability | $204.7M | $212.4M | $227.0M | $241.4M |
| Dividends Payable, Current | $22.5M | $25.8M | $25.3M | $21.4M |
| Preferred dividends payable | $6.0M | $6.0M | $6.0M | $6.0M |
| Unearned rents and interest | $108.5M | $80.6M | $77.4M | $63.9M |
| Debt | $2.9B | $2.9B | $2.8B | $2.8B |
| Liabilities | $3.4B | $3.3B | $3.2B | $3.2B |
| Common Stock, Value, Issued | $842.0K | $836.0K | $829.0K | $825.0K |
| Preferred shares | 148.0K | 148.0K | 148.0K | 148.0K |
| Additional paid-in-capital | $4.0B | $4.0B | $3.9B | $3.9B |
| Treasury Stock, Value | ($295.3M) | ($285.4M) | ($274.0M) | ($269.8M) |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1.0M | ($3.8M) | $3.3M | $1.9M |
| Accumulated Distributions in Excess of Net Income | ($1.4B) | ($1.3B) | ($1.2B) | ($1.1B) |
| Equity | $2.3B | $2.3B | $2.5B | $2.5B |
| Liabilities and Equity | $5.7B | $5.6B | $5.7B | $5.8B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Real Estate Investment Property, Net | $5.0B | $4.6B | $4.4B | $4.4B |
| Land held for development | $20.2M | $20.2M | $20.2M | $20.2M |
| Property under development | $10.0M | $23.4M | $67.4M | $84.2M |
| Operating Lease, Right-of-Use Asset | $199.2M | $166.6M | $168.7M | $177.9M |
| Financing Receivable, after Allowance for Credit Loss, Current | $616.9M | $614.8M | $696.4M | $666.2M |
| Investment in joint ventures | $8.7M | $9.7M | $14.0M | $9.7M |
| Cash and cash equivalents | $16.2M | $68.5M | $13.7M | $13.0M |
| Restricted cash | $4.4M | $6.1M | $16.0M | $15.8M |
| Accounts receivable, net | $111.4M | $101.2M | $92.3M | $94.5M |
| Other assets | $111.2M | $82.7M | $74.5M | $77.2M |
| Total assets | $6.1B | $5.7B | $5.5B | $5.6B |
| Accounts payable and accrued liabilities | $78.8M | $100.7M | $113.5M | $101.5M |
| Operating Lease, Liability | $231.9M | $200.1M | $203.3M | $216.4M |
| Dividends Payable, Current | $23.7M | $23.7M | $22.5M | $22.5M |
| Preferred dividends payable | $6.0M | $6.0M | $6.0M | $6.0M |
| Unearned rents and interest | $109.3M | $104.7M | $101.5M | $90.4M |
| Debt | $3.3B | $2.9B | $2.8B | $2.8B |
| Total liabilities | $3.7B | $3.4B | $3.2B | $3.2B |
| Common Stock, Shares, Issued | 84.9M | 84.8M | 84.2M | 84.2M |
| Common Stock, Value, Issued | $849.0K | $848.0K | $842.0K | $842.0K |
| Preferred Shares, shares issued | 14.8M | 14.8M | 14.8M | 14.8M |
| Preferred shares | 148.0K | 148.0K | 148.0K | 148.0K |
| Additional paid-in-capital | $4.0B | $4.0B | $4.0B | $4.0B |
| Treasury Stock, Value | ($308.6M) | ($308.4M) | ($295.3M) | ($295.3M) |
| Accumulated other comprehensive income | ($771.0K) | $609.0K | ($587.0K) | ($4.0K) |
| Distributions in excess of net income | $1.4B | $1.4B | $1.3B | $1.3B |
| Total equity | $2.3B | $2.3B | $2.3B | $2.3B |
| Total liabilities and equity | $6.1B | $5.7B | $5.5B | $5.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $274.9M | $146.1M | $173.0M | $176.2M |
| Impairment, Long-Lived Asset, Held-for-Use | $0 | — | — | — |
| Impairment charges on joint ventures | $0 | $28.2M | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $39.5M | $16.1M | ($2.2M) | $651.0K |
| Deferred income tax benefit (expense) | ($846.0K) | ($1.5M) | ($344.0K) | ($169.0K) |
| Financing Receivable, Credit Loss, Expense (Reversal) | $8.5M | $12.2M | $878.0K | $10.8M |
| Costs associated with loan refinancing or payoff | $0 | $337.0K | — | — |
| Loss from Equity Method Investments | $3.8M | $8.8M | $6.8M | $1.7M |
| Distributions from joint ventures | $11.0K | $0 | $1.3M | $780.0K |
| Depreciation and amortization | $169.2M | $165.7M | $168.0M | — |
| Amortization of deferred financing costs | $8.8M | $8.8M | $8.6M | $8.4M |
| Amortization of above and below Market Leases | ($324.0K) | ($333.0K) | ($535.0K) | ($355.0K) |
| Share-based compensation expense to management and trustees | $15.3M | $14.1M | $17.5M | $16.7M |
| share based compensation included in severance expense | $2.2M | $1.6M | $304.0K | — |
| Increase (Decrease) in Operating Lease Assets and Liabilities, Net | ($1.6M) | ($1.3M) | ($6.0K) | $463.0K |
| Increase Decrease In Mortgage Notes Accrued Interest Receivable | ($796.0K) | ($2.2M) | ($1.2M) | ($500.0K) |
| Increase (Decrease) in Accounts Receivable | ($14.6M) | ($22.0M) | ($10.1M) | $26.0M |
| Increase (Decrease) in Other Operating Assets | ($2.3M) | ($7.9M) | ($2.7M) | ($473.0K) |
| Increase (Decrease) in Accounts Payable and Accrued Liabilities | ($5.6M) | $11.9M | $8.5M | $14.6M |
| Increase (Decrease) in Deferred Revenue | $3.9M | ($5.1M) | $7.5M | ($2.8M) |
| Net Cash Provided by (Used in) Operating Activities, Total | $421.0M | $393.1M | $447.1M | $441.7M |
| Acquisition of rental properties and other assets | ($151.7M) | ($45.7M) | ($60.7M) | ($174.5M) |
| Proceeds from Sale of Real Estate | $141.3M | $74.4M | $57.2M | $11.0M |
| Investment in unconsolidated joint ventures | $2.1M | $1.3M | $4.9M | $26.1M |
| Payments for (Proceeds from) Derivative Instrument, Investing Activities | $0 | ($10.4M) | ($10.0M) | — |
| Investment in mortgage notes receivable | ($49.8M) | ($113.9M) | ($110.4M) | ($95.2M) |
| Proceeds from mortgage note receivable paydown | $28.3M | $618.0K | $552.0K | $1.7M |
| Investment in promissory notes receivable | $0 | $0 | $3.0M | $0 |
| Proceeds from promissory note receivable paydown | $1.4M | $1.4M | $1.4M | $701.0K |
| Additions to properties under development | ($89.0M) | ($102.3M) | ($91.2M) | ($75.7M) |
| Net Cash Provided by (Used in) Investing Activities, Total | ($121.7M) | ($176.4M) | ($201.0M) | ($351.6M) |
| Proceeds from Issuance of Long-term Debt | $1.1B | $244.0M | $0 | $0 |
| Principal payments on long-term debt | ($997.0M) | ($205.6M) | $0 | $0 |
| Deferred financing fees paid | ($12.1M) | $0 | ($369.0K) | ($328.0K) |
| Proceeds from (Payment for) Other Financing Activity | $0 | ($9.5M) | $0 | $0 |
| Net proceeds from issuance of common shares | 949.0K | 816.0K | 615.0K | 758.0K |
| Payment, Tax Withholding, Share-based Payment Arrangement | ($1.0K) | $0 | $0 | ($11.0K) |
| Purchase of common shares for treasury | -9.9M | -11.4M | -3.7M | -4.3M |
| Dividends paid to shareholders | ($290.7M) | ($279.9M) | ($272.2M) | ($265.7M) |
| Net Cash Provided by (Used in) Financing Activities, Total | ($236.7M) | ($261.6M) | ($275.7M) | ($269.4M) |
| Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | $403.0K | ($448.0K) | $119.0K | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $62.9M | ($45.3M) | ($29.5M) | ($179.4M) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $98.6M | $35.7M | $81.0M | $110.5M |
| Restricted Cash and Cash Equivalent | $8.1M | $13.6M | $2.9M | $2.6M |
| Cash and cash equivalents at beginning of the year | $22.1M | $78.1M | $107.9M | $288.8M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $129.8M | $62.6M | $208.0M | $141.4M |
| Gain on real estate transactions | ($1.2M) | ($1.0M) | ($34.2M) | ($26.2M) |
| Deferred income tax expense (benefit) | $369.0K | $114.0K | ($676.0K) | ($623.0K) |
| Financing Receivable, Credit Loss, Expense (Reversal) | ($5.5M) | ($5.6M) | $9.5M | $345.0K |
| Equity in loss from joint ventures | ($3.6M) | ($2.6M) | ($1.4M) | ($4.3M) |
| Proceeds from Equity Method Investment, Distribution | $7.0K | $0 | $11.0K | $11.0K |
| Depreciation and amortization | $93.6M | $45.0M | $125.6M | $83.2M |
| Amortization of deferred financing costs | $5.4M | $2.7M | $6.4M | $4.3M |
| Amortization of above/below market leases and tenant allowances, net | ($156.0K) | ($81.0K) | ($243.0K) | ($162.0K) |
| Share-based Payment Arrangement, Noncash Expense | $8.4M | $4.1M | $11.7M | $7.8M |
| share based compensation included in severance expense | $1.0M | $1.0M | $847.0K | $0 |
| Increase (Decrease) in Operating Lease Assets and Liabilities, Net | ($1.3M) | ($520.0K) | ($1.0M) | ($552.0K) |
| Mortgage notes accrued interest receivable | ($1.3M) | ($956.0K) | ($2.2M) | ($421.0K) |
| Accounts receivable | ($13.7M) | ($3.4M) | ($10.3M) | ($12.5M) |
| Other assets | ($2.9M) | ($3.4M) | ($3.6M) | ($4.9M) |
| Accounts payable and accrued liabilities | ($435.0K) | $17.1M | $9.5M | ($6.4M) |
| Increase (Decrease) in Deferred Revenue | ($9.2M) | ($6.9M) | $2.5M | ($3.0M) |
| Net cash provided by operating activities | $206.5M | $113.4M | $323.2M | $186.7M |
| Payments to Acquire Productive Assets | $458.4M | $36.4M | $23.9M | $19.5M |
| Proceeds from Sale of Productive Assets | $690.0K | $0 | $125.7M | $106.4M |
| Investment in mortgage notes receivable | ($14.7M) | ($1.4M) | ($48.1M) | ($9.8M) |
| Proceeds from Sale and Collection of Mortgage Notes Receivable | $11.1M | $124.0K | $9.6M | $9.5M |
| Proceeds from promissory note receivable paydown | $227.0K | $91.0K | $1.3M | $279.0K |
| Additions to properties under development | ($19.2M) | ($13.3M) | ($69.7M) | ($57.0M) |
| Net cash (used) provided by investing activities | ($480.3M) | ($50.9M) | ($6.5M) | $29.8M |
| Proceeds from long-term debt facilities | $435.0M | $0 | $484.0M | $414.0M |
| Repayments of Long-Term Debt | ($75.0M) | $0 | ($580.0M) | ($484.0M) |
| Deferred financing fees paid | ($413.0K) | ($58.0K) | ($446.0K) | ($446.0K) |
| Net proceeds from issuance of common shares | 502.0K | 226.0K | 709.0K | 464.0K |
| Purchase of common shares for treasury | -13.1M | -13.1M | -9.8M | -9.8M |
| Dividends paid to shareholders | ($150.6M) | ($73.5M) | ($217.4M) | ($144.1M) |
| Net cash provided (used) by financing activities | $196.4M | ($86.5M) | ($323.0M) | ($223.9M) |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($678.0K) | ($123.0K) | $290.0K | $414.0K |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($78.1M) | ($24.1M) | ($6.0M) | ($7.0M) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $20.6M | $74.6M | $29.7M | $28.7M |
| Cash and Cash Equivalent | $16.2M | $68.5M | $13.7M | $13.0M |
| Restricted Cash and Cash Equivalent | $4.4M | $6.1M | $16.0M | $15.8M |
| Transfer of property under development to rental property | $55.5M | $36.4M | $99.0M | $69.8M |
| Non-cash Conversion of Mortgage Note Receivable to Real Estate | $72.8M | $72.8M | — | — |
| Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses | 28.3M | 25.4M | 29.7M | 28.2M |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $37.8M | — | — | — |
| Operating Lease, Cost | $37.8M | — | — | — |
| Interest Paid, Excluding Capitalized Interest, Operating Activity | $68.4M | $13.8M | $88.1M | $68.0M |
| Cash paid during the period for income taxes | $3.1M | $1.9M | $2.3M | $2.0M |
| Interest cost capitalized | $588.0K | $383.0K | $3.2M | $2.4M |
EPR Properties score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.