

Operating Data:
	For the Year Ended December 31, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	250,659	$	77,768	$	62,527	$	8,635	$	—	$	399,589
Tenant reimbursements	15,588		7		—		—		—		15,595
Other income	249		1,648		4,482		—		2,660		9,039
Mortgage and other financing income	6,187		32,539		30,190		103		—		69,019
Total revenue	272,683		111,962		97,199		8,738		2,660		493,242

Property operating expense	21,303		—		8		662		629		22,602
Other expense	—		—		—		5		—		5
Total investment expenses	21,303		—		8		667		629		22,607
Net operating income - before unallocated items	251,380		111,962		97,191		8,071		2,031		470,635

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(37,543		)
Costs associated with loan refinancing or payoff											(905		)
Interest expense, net											(97,144		)
Transaction costs											(7,869		)
Depreciation and amortization											(107,573		)
Equity in income from joint ventures											619
Gain on sale of real estate											5,315
Income tax expense											(553		)
Net income attributable to EPR Properties											224,982
Preferred dividend requirements											(23,806		)
Net income available to common shareholders of EPR Properties											$	201,176



	For the Year Ended December 31, 2015
	Entertainment		Education		Recreation		Other			Corporate/Unallocated		Consolidated
Rental revenue	$	238,896	$	51,439	$	40,551	$	—		$	—	$	330,886
Tenant reimbursements	16,343		—		—		(23		)	—		16,320
Other income	512		—		—		119			2,998		3,629
Mortgage and other financing income	7,127		30,622		32,080		353			—		70,182
Total revenue	262,878		82,061		72,631		449			2,998		421,017

Property operating expense	23,120		—		—		313			—		23,433
Other expense	—		—		—		648			—		648
Total investment expenses	23,120		—		—		961			—		24,081
Net operating income - before unallocated items	239,758		82,061		72,631		(512		)	2,998		396,936

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(31,021		)
Retirement severance expense												(18,578		)
Costs associated with loan refinancing or payoff												(270		)
Interest expense, net												(79,915		)
Transaction costs												(7,518		)
Depreciation and amortization												(89,617		)
Equity in income from joint ventures												969
Gain on sale of real estate												23,829
Income tax expense												(482		)
Discontinued operations:
Income from discontinued operations												199
Net income attributable to EPR Properties												194,532
Preferred dividend requirements												(23,806		)
Net income available to common shareholders of EPR Properties												$	170,726



	For the Year Ended December 31, 2014
	Entertainment			Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	237,429		$	27,874	$	20,368	$	1,002	$	—	$	286,673
Tenant reimbursements	17,640			—		—		23		—		17,663
Other income (loss)	(6		)	—		—		315		700		1,009
Mortgage and other financing income	7,056			31,488		40,775		387		—		79,706
Total revenue	262,119			59,362		61,143		1,727		700		385,051

Property operating expense	24,143			—		—		754		—		24,897
Other expense	—			—		—		771		—		771
Total investment expenses	24,143			—		—		1,525		—		25,668
Net operating income - before unallocated items	237,976			59,362		61,143		202		700		359,383

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(27,566		)
Costs associated with loan refinancing or payoff												(301		)
Interest expense, net												(81,270		)
Transaction costs												(2,452		)
Provision for loan losses												(3,777		)
Depreciation and amortization												(66,739		)
Equity in income from joint ventures												1,273
Gain on sale of real estate												1,209
Gain on sale of investment in a direct financing lease												220
Income tax expense												(4,228		)
Discontinued operations:
Income from discontinued operations												505
Transaction (costs) benefit												3,376
Net income attributable to EPR Properties												179,633
Preferred dividend requirements												(23,807		)
Net income available to common shareholders of EPR Properties												$	155,826