Segment Information

The Company groups investments into four reportable operating segments: Entertainment, Education, Recreation and Other. The financial information summarized below is presented by reportable operating segment:



Balance Sheet Data:
	As of June 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Total Assets	$	2,112,267	$	1,102,309	$	1,014,430	$	180,363	$	50,855	$	4,460,224

	As of December 31, 2015
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Total Assets	$	2,006,926	$	1,013,930	$	935,266	$	203,757	$	57,391	$	4,217,270



Operating Data:
	Three Months Ended June 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	61,258	$	17,717	$	14,789	$	2,291	$	—	$	96,055
Tenant reimbursements	3,891		—		—		—		—		3,891
Other income	210		—		1,321		—		595		2,126
Mortgage and other financing income	1,481		7,178		7,268		34		—		15,961
Total revenue	66,840		24,895		23,378		2,325		595		118,033

Property operating expense	5,335		—		—		103		142		5,580
Total investment expenses	5,335		—		—		103		142		5,580
Net operating income - before unallocated items	61,505		24,895		23,378		2,222		453		112,453

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(9,000		)
Costs associated with loan refinancing or payoff											(339		)
Interest expense, net											(22,756		)
Transaction costs											(1,490		)
Depreciation and amortization											(25,666		)
Equity in income from joint ventures											86
Gain on sale of real estate											2,270
Income tax expense											(423		)
Net income attributable to EPR Properties											55,135
Preferred dividend requirements											(5,952		)
Net income available to common shareholders of EPR Properties											$	49,183



	Three Months Ended June 30, 2015
	Entertainment		Education		Recreation		Other			Corporate/Unallocated		Consolidated
Rental revenue	$	59,829	$	10,803	$	7,228	$	—		$	—	$	77,860
Tenant reimbursements	3,965		—		—		—			—		3,965
Other income	501		—		—		63			584		1,148
Mortgage and other financing income	1,782		7,793		8,613		97			—		18,285
Total revenue	66,077		18,596		15,841		160			584		101,258

Property operating expense	5,692		—		—		78			—		5,770
Other expense	—		—		—		210			—		210
Total investment expenses	5,692		—		—		288			—		5,980
Net operating income - before unallocated items	60,385		18,596		15,841		(128		)	584		95,278

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(7,756		)
Costs associated with loan refinancing or payoff												(243		)
Interest expense, net												(20,007		)
Transaction costs												(4,429		)
Depreciation and amortization												(21,849		)
Equity in income from joint ventures												198
Income tax benefit												7,506
Discontinued operations:
Income from discontinued operations												68
Net income attributable to EPR Properties												48,766
Preferred dividend requirements												(5,952		)
Net income available to common shareholders of EPR Properties												$	42,814



	Six Months Ended June 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	121,396	$	34,897	$	29,485	$	4,055	$	—	$	189,833
Tenant reimbursements	7,754		2		—		—		—		7,756
Other income	214		—		1,810		—		1,312		3,336
Mortgage and other financing income	3,633		17,909		14,266		68		—		35,876
Total revenue	132,997		52,808		45,561		4,123		1,312		236,801

Property operating expense	10,587		—		8		186		280		11,061
Other expense	—		—		—		5		—		5
Total investment expenses	10,587		—		8		191		280		11,066
Net operating income - before unallocated items	122,410		52,808		45,553		3,932		1,032		225,735

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(18,218		)
Costs associated with loan refinancing or payoff											(891		)
Interest expense, net											(46,045		)
Transaction costs											(1,934		)
Depreciation and amortization											(51,621		)
Equity in income from joint ventures											298
Gain on sale of real estate											2,270
Income tax expense											(279		)
Net income attributable to EPR Properties											109,315
Preferred dividend requirements											(11,904		)
Net income available to common shareholders of EPR Properties											$	97,411



	Six Months Ended June 30, 2015
	Entertainment		Education		Recreation		Other			Corporate/Unallocated		Consolidated
Rental revenue	$	119,770	$	20,897	$	13,933	$	—		$	—	$	154,600
Tenant reimbursements	8,291		—		—		(23		)	—		8,268
Other income	503		—		—		63			1,132		1,698
Mortgage and other financing income	3,564		15,577		16,794		193			—		36,128
Total revenue	132,128		36,474		30,727		233			1,132		200,694

Property operating expense	11,986		—		—		141			—		12,127
Other expense	—		—		—		312			—		312
Total investment expenses	11,986		—		—		453			—		12,439
Net operating income - before unallocated items	120,142		36,474		30,727		(220		)	1,132		188,255

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(15,438		)
Retirement severance expense												(18,578		)
Costs associated with loan refinancing or payoff												(243		)
Interest expense, net												(38,594		)
Transaction costs												(6,035		)
Depreciation and amortization												(41,204		)
Equity in income from joint ventures												362
Gain on sale of real estate												23,924
Income tax expense												(920		)
Discontinued operations:
Income from discontinued operations												58
Net income attributable to EPR Properties												91,587
Preferred dividend requirements												(11,904		)
Net income available to common shareholders of EPR Properties												$	79,683