EPR Properties SEC Filings

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%).

EPR Properties filed an 8-K announcing it furnished its third-quarter and nine-months ended September 30, 2025 results materials. The company made a press release, an investor slide presentation, and supplemental operating and financial data available on October 29, 2025.

The information under Items 2.02 and 7.01, including Exhibits 99.1, 99.2 and 99.3, is being furnished, not filed, and is not subject to Section 18 liability or incorporated by reference. Listed securities include common shares (EPR) and preferred series (EPR PrC, EPR PrE, EPR PrG) on the NYSE.

Gregory E. Zimmerman, EVP & Chief Investment Officer of EPR Properties (EPR), sold 7,500 common shares on 10/01/2025 at an average price of $58.1153 per share under a pre-established Rule 10b5-1 trading plan dated March 19, 2025. After the sale, Mr. Zimmerman beneficially owns 81,377 shares, held indirectly through the Fourth Amended and Restated Gregory E. Zimmerman Revocable Trust dated June 2, 2015. The Form 4 was executed on behalf of Mr. Zimmerman by an attorney-in-fact and reports the transaction as a routine disposition under the trading plan.

Form 144 filed for EPR PROPERTIES (EPR) shows a proposed sale of 7,500 common shares through UBS Financial Services on or about 10/01/2025 with an aggregate market value of $434,625. The filing states the shares to be sold were acquired as compensation: 6,847 shares on 01/02/2024 and 653 shares on 02/21/2025, which together equal the 7,500 shares noted for sale. The issuer has 76,116,634 shares outstanding, so the proposed sale represents a very small fraction of total shares. The filing also discloses three recent sales by the same seller in July, August, and September 2025, each of 7,500 shares with gross proceeds reported.

EPR Properties director William P. Brown reported paired non-derivative transactions on 09/17/2025 moving a total of 1,219 common shares. The Form 4 shows a disposition of 1,219 shares followed immediately by an acquisition of 1,219 shares at $0, described as a transfer to a revocable trust. After the transactions, 1,219 shares are reported as beneficially owned indirectly through the William Brown Revocable Trust with William P. Brown and Lillian Sorohan as trustees. The filing was signed by an attorney-in-fact on behalf of Mr. Brown on 09/19/2025.

William P. Brown, a director of EPR Properties (EPR), was granted 1,219 restricted share units on 09/05/2025. Each restricted share unit represents a contingent right to one common share of the company, and settlement is $0 per unit at grant. After the grant, Mr. Brown beneficially owns 6,967 common shares. The restricted share units vest at the earlier of the day before the first annual shareholders meeting after grant or upon a defined change of control, subject to exceptions, and settled shares require instructions provided by the reporting person prior to the grant.