Every material Form 8-K EPR Properties filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
EPR Properties completed a public offering of $550 million in 4.750% Senior Notes due 2030 on November 13, 2025, under an existing shelf registration. The notes are senior unsecured obligations that add to the company's debt load, and the indenture includes covenants limiting additional debt and mergers.
Principal amount: $550 million; interest at 4.750% per year, paid semi-annually on May 15 and November 15, starting May 15, 2026
Maturity date: November 15, 2030; redeemable by the company at its option, with a make-whole price based on the Treasury Rate plus 20 basis points before October 15, 2030
Indenture with UMB Bank, n.a., as trustee; requires unencumbered assets of at least 150% of unsecured debt
EPR Properties entered into an underwriting agreement on November 3, 2025, to issue and sell $550 million aggregate principal amount of 4.750% Senior Notes due 2030. The notes are being sold with J.P. Morgan, BofA Securities, Barclays and RBC Capital Markets acting as representatives of the underwriters. The deal adds $550 million of senior debt with a fixed 4.750% coupon and a 2030 maturity, which matters to shareholders because it changes the company's debt load and interest obligations.
Issuance of $550,000,000 aggregate principal amount of 4.750% Senior Notes due 2030
Underwriting agreement dated November 3, 2025, with J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc. and RBC Capital Markets, LLC
Preliminary prospectus supplement dated and filed with the SEC on November 3, 2025
Underwriting agreement filed as Exhibit 1.1; 8-K signed November 4, 2025 by CFO Mark A. Peterson
EPR Properties reported third-quarter 2025 results with total revenue of $182.3 million, up 1.0% from a year earlier, and net income available to common shareholders per diluted share of $0.79, up from $0.53. The company raised the low end and lowered the high end of its 2025 FFOAA per diluted share guidance to $5.05 to $5.13, but cut its net income per diluted share guidance to $3.14 to $3.22 from $3.20 to $3.36, so shareholders see higher core earnings expectations alongside lower GAAP earnings expectations.
Q3 2025 FFOAA per diluted share was $1.37, up 5.4% from $1.30; AFFO per diluted share was $1.39, up 7.8%.
2025 FFOAA per diluted share guidance is now $5.05 to $5.13, versus $5.00 to $5.16 previously.
2025 net income per diluted share guidance was cut to $3.14 to $3.22 from $3.20 to $3.36.
Liquidity: $13.7 million cash and $379.0 million drawn on a $1.0 billion revolver at September 30, 2025; no scheduled debt maturities until August 2026.
EPR Properties reported second-quarter 2025 total revenue of $178.1 million, up 2.9% from $173.1 million, and net income available to common shareholders of $69.6 million, up from $39.1 million a year earlier. The company confirmed its 2025 FFOAA per diluted share guidance of $5.00 to $5.16 and raised its disposition proceeds guidance to $130.0 million to $145.0 million. It also said Chief Investment Officer Gregory E. Zimmerman will retire in the first quarter of 2026, with Ben Fox expected to succeed him.
Total revenue $178.1 million, up 2.9% from $173.1 million; net income available to common shareholders $69.6 million vs. $39.1 million
FFOAA per diluted common share $1.26 vs. $1.22 (up 3.3%); AFFO per diluted common share $1.24 vs. $1.20
2025 FFOAA per diluted common share guidance confirmed at $5.00 to $5.16; disposition proceeds guidance raised to $130.0 million to $145.0 million from $80.0 million to $120.0 million
Gregory E. Zimmerman to retire as Chief Investment Officer in Q1 2026; Ben Fox joins in August 2025 as Executive Vice President and is expected to succeed him
EPR Properties reported first-quarter 2025 total revenue of $175.0 million, up 4.7% from a year earlier, and diluted earnings per share of $0.78 versus $0.75. The company raised its 2025 FFOAA per diluted share guidance to $5.00 to $5.16 from $4.94 to $5.14, and raised its disposition proceeds guidance to $80.0 million to $120.0 million, which matters to shareholders because it points to higher expected earnings for the full year.
Total revenue was $175.0 million, up 4.7% from $167.2 million; net income available to common shareholders was $59.8 million.
Diluted EPS was $0.78 versus $0.75; FFOAA per diluted share was $1.19 versus $1.13, up 5.3%.
2025 FFOAA per diluted share guidance rose to $5.00 to $5.16 from $4.94 to $5.14; investment spending guidance was kept at $200.0 million to $300.0 million.
The monthly dividend was raised 3.5% to $0.295 per share, payable April 15, 2025; after quarter-end the company repaid $300.0 million of notes due April 1, 2025 using its credit facility.
At its May 6, 2025 annual meeting, EPR Properties shareholders approved amendments to the 2016 Equity Incentive Plan that raise the authorized share count from 3,950,000 to 5,950,000 and extend the plan's term to May 6, 2035. Shareholders also elected all ten trustee nominees to one-year terms, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent auditor for 2025.
Authorized plan shares rose from 3,950,000 to 5,950,000, and the plan term was extended from May 28, 2031 to May 6, 2035.
Plan amendment vote: 46,392,576 for, 3,423,211 against, 1,580,444 abstentions, 9,258,839 broker non-votes.
Say-on-pay vote: 45,982,389 for and 3,789,610 against.
KPMG LLP ratification: 58,154,980 for and 2,311,289 against.
EPR Properties reported fourth-quarter 2024 results on February 26, 2025, with a net loss available to common shareholders of $14.4 million, compared with income of $39.5 million a year earlier, driven by impairment charges. Fourth-quarter FFOAA per diluted share rose to $1.23 from $1.18, while full-year 2024 FFOAA per diluted share fell to $4.87 from $5.18. The company also introduced 2025 FFOAA per diluted share guidance of $4.94 to $5.14 and a 3.5% increase in its monthly dividend.
Fourth-quarter total revenue was $177.2 million, up from $172.0 million; full-year revenue was $698.1 million, down from $705.7 million.
Fourth-quarter impairment charges included $40.0 million on real estate investments and a $16.1 million impairment on a joint venture investment in Breaux Bridge, Louisiana.
2025 guidance: FFOAA per diluted common share of $4.94 to $5.14, and net income per diluted share of $2.84 to $3.04.
Monthly common dividend of $0.295 per share, an annualized $3.54, up 3.5%, payable April 15, 2025.
EPR Properties increased its Board of Trustees from nine to ten members and elected John Peter (JP) Suarez as an independent trustee, effective January 24, 2025. Mr. Suarez was also appointed to the Audit Committee and Nominating/Company Governance Committee, and the company disclosed no financial figures in the filing.
Board size increased from nine to ten members on January 24, 2025
Suarez previously served as Executive Vice President and Regional CEO at Walmart International until retiring in 2023
Suarez will serve until the 2025 annual shareholder meeting and receives standard non-employee trustee compensation
Company entered into an Indemnification Agreement with Suarez, in the same form used with other trustees
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every EPR Properties filing is on SEC EDGAR ↗. 8-K briefs of other companies →