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 September 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Total Assets	$	2,125,337	$	1,180,344	$	1,073,502	$	191,512	$	50,275	$	4,620,970

	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 September 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	64,134	$	19,900	$	15,958	$	2,290	$	—	$	102,282
Tenant reimbursements	3,816		5		—		—		—		3,821
Other income	8		—		1,825		—		643		2,476
Mortgage and other financing income	1,294		7,319		8,384		34		—		17,031
Total revenue	69,252		27,224		26,167		2,324		643		125,610

Property operating expense	5,228		—		—		233		165		5,626
Total investment expenses	5,228		—		—		233		165		5,626
Net operating income - before unallocated items	64,024		27,224		26,167		2,091		478		119,984

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(9,091		)
Costs associated with loan refinancing or payoff											(14		)
Interest expense, net											(24,265		)
Transaction costs											(2,947		)
Depreciation and amortization											(27,601		)
Equity in income from joint ventures											203
Gain on sale of real estate											1,615
Income tax expense											(358		)
Net income attributable to EPR Properties											57,526
Preferred dividend requirements											(5,951		)
Net income available to common shareholders of EPR Properties											$	51,575



	Three Months Ended September 30, 2015
	Entertainment		Education		Recreation		Other			Corporate/Unallocated		Consolidated
Rental revenue	$	59,637	$	13,990	$	12,079	$	—		$	—	$	85,706
Tenant reimbursements	3,718		—		—		—			—		3,718
Other income	1		—		—		55			662		718
Mortgage and other financing income	1,782		7,479		8,835		97			—		18,193
Total revenue	65,138		21,469		20,914		152			662		108,335

Property operating expense	5,413		—		—		83			—		5,496
Other expense	—		—		—		221			—		221
Total investment expenses	5,413		—		—		304			—		5,717
Net operating income - before unallocated items	59,725		21,469		20,914		(152		)	662		102,618

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(7,482		)
Costs associated with loan refinancing or payoff												(18		)
Interest expense, net												(20,529		)
Transaction costs												(783		)
Depreciation and amortization												(23,498		)
Equity in income from joint ventures												339
Loss on sale of real estate												(95		)
Income tax expense												(498		)
Discontinued operations:
Income from discontinued operations												141
Net income attributable to EPR Properties												50,195
Preferred dividend requirements												(5,951		)
Net income available to common shareholders of EPR Properties												$	44,244



	Nine Months Ended September 30, 2016
	Entertainment		Education		Recreation		Other		Corporate/Unallocated		Consolidated
Rental revenue	$	185,530	$	54,797	$	45,443	$	6,345	$	—	$	292,115
Tenant reimbursements	11,570		7		—		—		—		11,577
Other income	222		—		3,635		—		1,955		5,812
Mortgage and other financing income	4,927		25,228		22,650		102		—		52,907
Total revenue	202,249		80,032		71,728		6,447		1,955		362,411

Property operating expense	15,815		—		8		419		445		16,687
Other expense	—		—		—		5		—		5
Total investment expenses	15,815		—		8		424		445		16,692
Net operating income - before unallocated items	186,434		80,032		71,720		6,023		1,510		345,719

Reconciliation to Consolidated Statements of Income:
General and administrative expense											(27,309		)
Costs associated with loan refinancing or payoff											(905		)
Interest expense, net											(70,310		)
Transaction costs											(4,881		)
Depreciation and amortization											(79,222		)
Equity in income from joint ventures											501
Gain on sale of real estate											3,885
Income tax expense											(637		)
Net income attributable to EPR Properties											166,841
Preferred dividend requirements											(17,855		)
Net income available to common shareholders of EPR Properties											$	148,986



	Nine Months Ended September 30, 2015
	Entertainment		Education		Recreation		Other			Corporate/Unallocated		Consolidated
Rental revenue	$	179,407	$	34,887	$	26,012	$	—		$	—	$	240,306
Tenant reimbursements	12,009		—		—		(23		)	—		11,986
Other income	504		—		—		118			1,794		2,416
Mortgage and other financing income	5,346		23,056		25,629		290			—		54,321
Total revenue	197,266		57,943		51,641		385			1,794		309,029

Property operating expense	17,399		—		—		224			—		17,623
Other expense	—		—		—		533			—		533
Total investment expenses	17,399		—		—		757			—		18,156
Net operating income - before unallocated items	179,867		57,943		51,641		(372		)	1,794		290,873

Reconciliation to Consolidated Statements of Income:
General and administrative expense												(22,920		)
Retirement severance expense												(18,578		)
Costs associated with loan refinancing or payoff												(261		)
Interest expense, net												(59,123		)
Transaction costs												(6,818		)
Depreciation and amortization												(64,702		)
Equity in income from joint ventures												701
Gain on sale of real estate												23,829
Income tax expense												(1,418		)
Discontinued operations:
Income from discontinued operations												199
Net income attributable to EPR Properties												141,782
Preferred dividend requirements												(17,855		)
Net income available to common shareholders of EPR Properties												$	123,927