EPR PROPERTIES

EPR Properties (NYSE: EPR) operates as a self-administered real estate investment trust specializing in experiential real estate venues that facilitate out-of-home leisure and recreation experiences. The company's website is www.eprkc.com. Founded in 1997 and completing its initial public offering that same year, EPR has established itself as a leading net lease investor in the experiential real estate sector.

As of December 31, 2025, EPR maintains total assets of approximately 5.7 billion dollars with total investments of approximately 7.0 billion dollars across properties located in 43 states and Canada. The company operates through two reportable segments: Experiential and Education. The Experiential segment comprises 94 percent of total investments at 6.6 billion dollars, while the Education segment represents 6 percent at 0.4 billion dollars.

The Experiential portfolio encompasses 148 theatre properties, 60 eat and play properties including entertainment districts and family entertainment centers, 26 attraction properties such as waterparks and amusement parks, 11 ski properties, four experiential lodging properties, 27 fitness and wellness properties, one gaming property, and one cultural property. The wholly-owned Experiential real estate portfolio consists of approximately 19.0 million square feet and maintains 99 percent occupancy. The Education segment includes 46 early childhood education center properties and nine private school properties across approximately 1.1 million square feet at full occupancy.

EPR's investment strategy focuses on long-term triple-net leases and mortgages requiring tenants and borrowers to pay substantially all property operating expenses. The company generates significant revenue from major tenants including AMC representing 13.6 percent of total revenue, Regal Entertainment Group at 11.5 percent, and Topgolf USA at 14.2 percent. The company employs 54 full-time associates and maintains a conservative capital structure emphasizing unsecured debt financing and regular monthly dividend distributions to common shareholders. EPR's competitive advantages derive from nearly three decades of specialized expertise in experiential real estate, established tenant relationships, and disciplined underwriting focused on industry trends, property quality, and tenant credit metrics.