EPR Properties SEC Filings

EPR Properties received an amended Schedule 13G/A reporting beneficial ownership of its 9.00% Series E Cumulative Convertible Preferred Shares. As of 09/30/2025, Virtus InfraCap U.S. Preferred Stock ETF, a series of ETFis Series Trust I, beneficially owned 221,407 shares, representing 6.43% of the class, with shared voting and shared dispositive power over these shares. InfraCap Equity Income Fund ETF, a series of Series Portfolios Trust, beneficially owned 1,045 shares, or 0.03%, also with shared voting and dispositive power. Infrastructure Capital Advisors, LLC and Jay Hatfield each reported 0 shares and 0.0% of the class. The shares are held in client accounts, and the filers state the securities were acquired and are held in the ordinary course of business, not to change or influence control of EPR Properties.

EPR Properties completed a public offering of $550 million aggregate principal amount of 4.750% Senior Notes due 2030, issued under an Indenture dated November 13, 2025. The notes are senior unsecured obligations, ranking equally with the company’s existing senior debt and ahead of any subordinated debt, and are effectively and structurally subordinated to secured debt and subsidiary liabilities.

The notes pay interest at 4.750% per year from November 13, 2025, with semi-annual payments on May 15 and November 15 beginning May 15, 2026, and mature on November 15, 2030. They are redeemable at the company’s option at a make-whole price before October 15, 2030, and at 100% of principal on or after that date, in each case plus accrued interest. The Indenture includes negative covenants—limiting additional indebtedness and certain consolidations or asset transfers—and requires total unencumbered assets of at least 150% of unsecured debt, along with customary events of default.

EPR Properties is offering $550,000,000 aggregate principal amount of 4.750% Senior Notes due 2030. The notes price at 98.800% with a 0.600% underwriting discount, resulting in approximately $540.1 million in proceeds before expenses and expected net proceeds of $538.3 million. Interest is payable semi-annually on May 15 and November 15, beginning May 15, 2026, and the notes mature on November 15, 2030.

The notes are senior unsecured, pari passu with EPR’s other senior unsecured debt and effectively subordinated to secured debt and structurally subordinated to subsidiary obligations. EPR may redeem the notes at the make-whole price before the Par Call Date (October 15, 2030), and at 100% thereafter. EPR intends to use net proceeds to repay borrowings under its unsecured revolving credit facility and for general corporate purposes; the facility had approximately $368.0 million outstanding at an interest rate of 5.29% as of October 31, 2025. The notes will not be listed; settlement is expected around November 13, 2025.

EPR Properties entered into an underwriting agreement to issue and sell $550,000,000 aggregate principal amount of 4.750% Senior Notes due 2030. J.P. Morgan Securities, BofA Securities, Barclays Capital and RBC Capital Markets are acting as representatives of the underwriters. The company filed a preliminary prospectus supplement dated November 3, 2025 in connection with the offering.

The agreement includes customary representations, warranties, covenants, and indemnification and contribution provisions typical for transactions of this type. The notes will mature in 2030, and the coupon is fixed at 4.750%.

EPR Properties (EPR): EVP & Chief Investment Officer Gregory E. Zimmerman, through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust, sold 7,500 common shares on 11/03/2025 at $49.2127 per share, coded S.

The sales were effected under a Rule 10b5-1 trading plan adopted on March 19, 2025. Following the transaction, Zimmerman indirectly beneficially owned 73,877 shares.

EPR Properties announced it priced an underwritten public offering of $550.0 million of 4.750% Senior Notes due 2030. The company disclosed the terms via a press release furnished as an exhibit.

These senior notes carry a fixed coupon of 4.750% and mature in 2030, reflecting EPR’s use of public debt markets for funding. The announcement is informational and does not constitute an offer to sell or a solicitation to buy the securities in any jurisdiction where such actions would be unlawful prior to registration or qualification.

The filing lists EPR’s common and preferred share classes on the NYSE and includes the press release as Exhibit 99.1. No additional financial details or use-of-proceeds specifics are included in this excerpt.

EPR Properties: A shareholder filed a Form 144 notice to sell 7,500 common shares through UBS Financial Services with an aggregate market value of $365,400, targeting an approximate sale date of 11/03/2025 on the NYSE.

The filing lists how the shares were acquired: 7,427 shares on 01/02/2024 via compensation and 73 shares on 12/31/2021 via compensation. The notice also reports recent sales in the past three months by the Gregory Zimmerman Revocable Trust: 7,500 shares on 10/01/2025 for $435,864.75 and 7,500 shares on 09/02/2025 for $400,106.25.

Shares outstanding were reported at 76,140,341. This is a routine disclosure under Rule 144 that outlines a proposed sale by an existing holder, not an issuance by the company.

EPR Properties launched a preliminary prospectus supplement for a primary offering of senior unsecured notes. The notes will be pari passu with the company’s existing senior unsecured notes and effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities. The notes include optional redemption provisions and will be issued in book-entry form through DTC; they will not be listed on an exchange.

The company expects to use net proceeds to repay borrowings under its unsecured revolving credit facility and for general business purposes. As of September 30, 2025, total debt outstanding was $2.8 billion, and as of October 31, 2025, borrowings under the unsecured revolving credit facility were $368.0 million at an interest rate of 5.29%. Covenants include limits on total and secured debt, minimum coverage, and maintenance of unencumbered assets. Investors should review the risk factors regarding leverage, market liquidity for the notes, and interest rate sensitivity.

EPR Properties reported higher profitability in Q3. Total revenue was $182,306,000 versus $180,507,000 a year ago, while net income rose to $66,586,000 from $46,650,000. Diluted EPS was $0.79, up from $0.53.

Results included a $8,073,000 gain on sale of real estate and early ground lease termination, and a $9,117,000 provision for credit losses. Interest expense, net, was $33,238,000. For the nine months, revenue reached $535,407,000 and net income was $208,032,000; diluted EPS was $2.48.

Operating cash flow was $323,173,000 year-to-date. Debt decreased to $2,768,387,000 from $2,860,458,000 at year-end, aided by the April 1, 2025 repayment of $300,000,000 senior notes using the $1.0 billion revolver. The company invested $140,800,000 year-to-date and sold assets for $125,697,000, recognizing $30,800,000 of net gains.

EPR declared cash dividends of $0.885 per common share for the quarter. At October 29, 2025, there were 76,140,341 common shares outstanding. Revenue remains concentrated, with nine-month contributions from Topgolf $75,593,000 (14.1%), AMC $72,241,000 (13.5%), and Regal $64,082,000 (12.0%).