XML 46 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Balance Sheet Data:
As of December 31, 2022
ExperientialEducationCorporate/UnallocatedConsolidated
Total Assets$5,164,710 $473,580 $120,411 $5,758,701 
As of December 31, 2021
ExperientialEducationCorporate/UnallocatedConsolidated
Total Assets$4,995,241 $505,086 $300,823 $5,801,150 
Operating Data:
For the Year Ended December 31, 2022
ExperientialEducationCorporate/UnallocatedConsolidated
Rental revenue$535,382 $40,219 $— $575,601 
Other income37,558 7,000 2,824 47,382 
Mortgage and other financing income
34,139 909 — 35,048 
Total revenue607,079 48,128 2,824 658,031 
Property operating expense
55,499 (8)494 55,985 
Other expense33,984 — (175)33,809 
Total investment expenses
89,483 (8)319 89,794 
Net operating income - before unallocated items517,596 48,136 2,505 568,237 
Reconciliation to Consolidated Statements of Income (Loss) and Comprehensive Income (Loss):
General and administrative expense(51,579)
Transaction costs(4,533)
Credit loss expense(10,816)
Impairment charges(27,349)
Depreciation and amortization(163,652)
Gain on sale of real estate651 
Interest expense, net(131,175)
Equity in loss from joint ventures(1,672)
Impairment charges on joint ventures(647)
Income tax expense(1,236)
Net income176,229 
Preferred dividend requirements(24,141)
Net income available to common shareholders of EPR Properties$152,088 
For the Year Ended December 31, 2021
ExperientialEducationCorporate/UnallocatedConsolidated
Rental revenue$441,423 $37,459 $— $478,882 
Other income18,416 — 400 18,816 
Mortgage and other financing income
32,980 1,002 — 33,982 
Total revenue492,819 38,461 400 531,680 
Property operating expense
56,027 (109)821 56,739 
Other expense21,864 — (123)21,741 
Total investment expenses
77,891 (109)698 78,480 
Net operating income - before unallocated items414,928 38,570 (298)453,200 
Reconciliation to Consolidated Statements of Income (Loss) and Comprehensive Income (Loss):
General and administrative expense(44,362)
Transaction costs(3,402)
Credit loss benefit21,972 
Impairment charges(2,711)
Depreciation and amortization(163,770)
Gain on sale of real estate17,881 
Costs associated with loan refinancing or payoff(25,451)
Interest expense, net(148,095)
Equity in loss from joint ventures(5,059)
Income tax expense(1,597)
Net income98,606 
Preferred dividend requirements(24,134)
Net income available to common shareholders of EPR Properties$74,472 
For the Year Ended December 31, 2020
ExperientialEducationCorporate/UnallocatedConsolidated
Rental revenue$311,130 $61,046 $— $372,176 
Other income8,085 13 1,041 9,139 
Mortgage and other financing income
32,017 1,329 — 33,346 
Total revenue351,232 62,388 1,041 414,661 
Property operating expense
55,500 2,283 804 58,587 
Other expense16,513 — (39)16,474 
Total investment expenses
72,013 2,283 765 75,061 
Net operating income - before unallocated items279,219 60,105 276 339,600 
Reconciliation to Consolidated Statements of Income (Loss) and Comprehensive Income (Loss):
General and administrative expense(42,596)
Severance expense(2,868)
Transaction costs(5,436)
Credit loss expense(30,695)
Impairment charges(85,657)
Depreciation and amortization(170,333)
Gain on sale of real estate50,119 
Costs associated with loan refinancing or payoff(1,632)
Interest expense, net(157,675)
Equity in loss from joint ventures(4,552)
Impairment charges on joint ventures(3,247)
Income tax expense(16,756)
Net loss(131,728)
Preferred dividend requirements(24,136)
Net loss available to common shareholders of EPR Properties$(155,864)