Segment Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company groups its investments into two reportable operating segments: Experiential and Education.

The financial information summarized below is presented by reportable operating segment (in thousands):

Balance Sheet Data:
	As of September 30, 2022
	Experiential		Education		Corporate/Unallocated		Consolidated
Total Assets	$	5,122,466	$	493,550	$	176,743	$	5,792,759
	As of December 31, 2021
	Experiential		Education		Corporate/Unallocated		Consolidated
Total Assets	$	4,995,241	$	505,086	$	300,823	$	5,801,150

Operating Data:
	Three Months Ended September 30, 2022
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	130,588	$	9,883	$	—	$	140,471
Other income	11,200		—		160		11,360
Mortgage and other financing income	9,353		226		—		9,579
Total revenue	151,141		10,109		160		161,410
Property operating expense	14,707		—		—		14,707
Other expense	9,135		—		—		9,135
Total investment expenses	23,842		—		—		23,842
Net operating income - before unallocated items	127,299		10,109		160		137,568
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense							(12,582)
Transaction costs							(148)
Credit loss expense							(241)
Depreciation and amortization							(41,539)
Gain on sale of real estate							304
Interest expense, net							(32,747)
Equity in income from joint ventures							572
Income tax expense							(388)
Net income							50,799
Preferred dividend requirements							(6,033)
Net income available to common shareholders of EPR Properties							$	44,766

Operating Data:
	Three Months Ended September 30, 2021
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	113,589	$	9,451	$	—	$	123,040
Other income	8,052		—		39		8,091
Mortgage and other financing income	8,283		233		—		8,516
Total revenue	129,924		9,684		39		139,647
Property operating expense	13,572		16		227		13,815
Other expense	7,851		—		—		7,851
Total investment expenses	21,423		16		227		21,666
Net operating income - before unallocated items	108,501		9,668		(188)		117,981
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense							(11,154)
Transaction costs							(2,132)
Credit loss benefit							14,096
Impairment charges							(2,711)
Depreciation and amortization							(42,612)
Gain on sale of real estate							787
Costs associated with loan refinancing or payoff							(4,741)
Interest expense, net							(36,584)
Equity in loss from joint ventures							(418)
Income tax expense							(395)
Net income							32,117
Preferred dividend requirements							(6,033)
Net income available to common shareholders of EPR Properties							$	26,084

Operating Data:
	Nine Months Ended September 30, 2022
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	392,622	$	30,327	$	—	$	422,949
Other income	28,095		—		2,531		30,626
Mortgage and other financing income	25,069		684		—		25,753
Total revenue	445,786		31,011		2,531		479,328
Property operating expense	41,758		(7)		487		42,238
Other expense	26,104		—		—		26,104
Total investment expenses	67,862		(7)		487		68,342
Net operating income - before unallocated items	377,924		31,018		2,044		410,986
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense							(38,497)
Transaction costs							(3,540)
Credit loss expense							(9,447)
Impairment charges							(4,351)
Depreciation and amortization							(122,349)
Gain on sale of real estate							304
Interest expense, net							(99,296)
Equity in income from joint ventures							1,887
Impairment charges on joint ventures							(647)
Income tax expense							(1,150)
Net income							133,900
Preferred dividend requirements							(18,099)
Net income available to common shareholders of EPR Properties							$	115,801

Operating Data:
	Nine Months Ended September 30, 2021
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	313,424	$	28,113	$	—	$	341,537
Other income	9,442		—		360		9,802
Mortgage and other financing income	24,663		772		—		25,435
Total revenue	347,529		28,885		360		376,774
Property operating expense	42,985		113		708		43,806
Other expense	13,428		—		—		13,428
Total investment expenses	56,413		113		708		57,234
Net operating income - before unallocated items	291,116		28,772		(348)		319,540
Reconciliation to Consolidated Statements of Income and Comprehensive Income:
General and administrative expense							(33,866)
Transaction costs							(3,342)
Credit loss benefit							19,677
Impairment charges							(2,711)
Depreciation and amortization							(123,476)
Gain on sale of real estate							1,499
Costs associated with loan refinancing or payoff							(4,982)
Interest expense, net							(114,090)
Equity in loss from joint ventures							(3,000)
Income tax expense							(1,200)
Net income							54,049
Preferred dividend requirements							(18,100)
Net income available to common shareholders of EPR Properties							$	35,949