XML 71 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Statements (Condensed Consolidating Statement Of Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net income $ 62,954   $ 57,526 $ 197,405 $ 166,841
Rental revenue 122,827   102,282 349,333 292,115
Tenant reimbursements 3,734   3,821 11,424 11,577
Other income 522   2,476 2,518 5,812
Mortgage and other financing income 24,314   17,031 65,016 52,907
Intercompany fee income 0   0 0 0
Interest income on intercompany notes receivable 0   0 0 0
Total revenue 151,397   125,610 428,291 362,411
Equity in subsidiaries' earnings 0   0 0 0
Property operating expense 6,340   5,626 18,762 16,687
Intercompany fee expense 0   0 0 0
Other expense 0   0 0 5
General and administrative expense 12,070   9,091 33,787 27,309
Costs associated with loan refinancing or payoff 1,477   14 1,491 905
Gain (Loss) on Extinguishment of Debt 0   0 (977) 0
Interest expense, net 34,194   24,265 97,853 70,310
Interest expense on intercompany notes payable 0   0 0 0
Transaction costs 113   2,947 388 4,881
Asset Impairment Charges 0 $ 10,200 0 10,195 0
Depreciation and amortization 34,694   27,601 95,919 79,222
Income before equity in income from joint ventures and other items 62,509   56,066 170,873 163,092
Equity in income from joint ventures 35   203 86 501
Gain on sale of real estate 997   1,615 28,462 3,885
Income before income taxes 63,541   57,884 199,421 167,478
Income tax expense (587)   (358) (2,016) (637)
Income from continuing operations 62,954   57,526 197,405 166,841
Net income attributable to EPR Properties 62,954   57,526 197,405 166,841
Dividends, Preferred Stock (5,951)   (5,951) (17,855) (17,855)
Net income available to common shareholders of EPR Properties 57,003   51,575 179,550 148,986
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 64,175   58,739 200,590 165,917
EPR Properties (Issuer) [Member]          
Net income 62,954        
Rental revenue 0   0 0 0
Tenant reimbursements 0   0 0 0
Other income 0   0 0 0
Mortgage and other financing income 232   286 696 710
Intercompany fee income 732   677 2,094 2,018
Interest income on intercompany notes receivable 0   0 0 0
Total revenue 964   963 2,790 2,728
Equity in subsidiaries' earnings 100,527   84,755 300,631 240,420
Property operating expense 0   0 0 0
Intercompany fee expense 0   0 0 0
Other expense         0
General and administrative expense 0   0 0 0
Costs associated with loan refinancing or payoff 1,474   0 1,474 0
Gain (Loss) on Extinguishment of Debt       0  
Interest expense, net 36,364   24,414 102,424 69,042
Interest expense on intercompany notes payable 0   0 0 0
Transaction costs 113   2,947 388 4,778
Asset Impairment Charges       0  
Depreciation and amortization 232   449 662 1,338
Income before equity in income from joint ventures and other items 63,308   57,908 198,473 167,990
Equity in income from joint ventures 0   0 0 0
Gain on sale of real estate 0   0 0 0
Income before income taxes 63,308   57,908 198,473 167,990
Income tax expense (354)   (382) (1,068) (1,149)
Income from continuing operations     57,526    
Net income attributable to EPR Properties     57,526 197,405 166,841
Dividends, Preferred Stock (5,951)   (5,951) (17,855) (17,855)
Net income available to common shareholders of EPR Properties 57,003   51,575 179,550 148,986
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 64,175   58,739 200,590 165,917
Wholly-Owned Subsidiary Guarantors [Member]          
Net income 88,681        
Rental revenue 97,398   89,178 285,977 251,900
Tenant reimbursements 1,274   1,338 3,955 4,059
Other income 1   1,829 614 3,648
Mortgage and other financing income 23,960   16,692 64,103 48,370
Intercompany fee income 0   0 0 0
Interest income on intercompany notes receivable 2,580   2,460 7,435 7,297
Total revenue 125,213   111,497 362,084 315,274
Equity in subsidiaries' earnings 0   0 0 0
Property operating expense 3,434   2,916 9,756 8,135
Intercompany fee expense 0   0 0 0
Other expense         0
General and administrative expense 9,830   7,927 28,112 23,318
Costs associated with loan refinancing or payoff 0   14 0 353
Gain (Loss) on Extinguishment of Debt       0  
Interest expense, net (2,368)   (2,395) (7,482) (5,596)
Interest expense on intercompany notes payable 0   0 0 0
Transaction costs 0   0 0 0
Asset Impairment Charges       10,195  
Depreciation and amortization 26,633   23,768 76,594 67,516
Income before equity in income from joint ventures and other items 87,684   79,267 244,909 221,548
Equity in income from joint ventures 0   0 0 0
Gain on sale of real estate 997   1,615 27,344 3,885
Income before income taxes 88,681   80,882 272,253 225,433
Income tax expense 0   0 0 0
Income from continuing operations     80,882    
Net income attributable to EPR Properties     80,882 272,253 225,433
Dividends, Preferred Stock 0   0 0 0
Net income available to common shareholders of EPR Properties 88,681   80,882 272,253 225,433
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 88,681   80,882 272,253 225,433
Non-Guarantor Subsidiaries [Member]          
Net income 11,846        
Rental revenue 25,429   13,104 63,356 40,215
Tenant reimbursements 2,460   2,483 7,469 7,518
Other income 521   647 1,904 2,164
Mortgage and other financing income 122   53 217 3,827
Intercompany fee income 0   0 0 0
Interest income on intercompany notes receivable 0   0 0 0
Total revenue 28,532   16,287 72,946 53,724
Equity in subsidiaries' earnings 0   0 0 0
Property operating expense 2,906   2,710 9,006 8,552
Intercompany fee expense 732   677 2,094 2,018
Other expense         5
General and administrative expense 2,240   1,164 5,675 3,991
Costs associated with loan refinancing or payoff 3   0 17 552
Gain (Loss) on Extinguishment of Debt       (977)  
Interest expense, net 198   2,246 2,911 6,864
Interest expense on intercompany notes payable 2,580   2,460 7,435 7,297
Transaction costs 0   0 0 103
Asset Impairment Charges       0  
Depreciation and amortization 7,829   3,384 18,663 10,368
Income before equity in income from joint ventures and other items 12,044   3,646 28,122 13,974
Equity in income from joint ventures 35   203 86 501
Gain on sale of real estate 0   0 1,118 0
Income before income taxes 12,079   3,849 29,326 14,475
Income tax expense (233)   24 (948) 512
Income from continuing operations     3,873    
Net income attributable to EPR Properties     3,873 28,378 14,987
Dividends, Preferred Stock 0   0 0 0
Net income available to common shareholders of EPR Properties 11,846   3,873 28,378 14,987
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 12,694   2,440 28,998 15,391
Consolidated Elimination [Member]          
Net income (100,527)        
Rental revenue 0   0 0 0
Tenant reimbursements 0   0 0 0
Other income 0   0 0 0
Mortgage and other financing income 0   0 0 0
Intercompany fee income (732)   (677) (2,094) (2,018)
Interest income on intercompany notes receivable (2,580)   (2,460) (7,435) (7,297)
Total revenue (3,312)   (3,137) (9,529) (9,315)
Equity in subsidiaries' earnings (100,527)   (84,755) (300,631) (240,420)
Property operating expense 0   0 0 0
Intercompany fee expense (732)   (677) (2,094) (2,018)
Other expense         0
General and administrative expense 0   0 0 0
Costs associated with loan refinancing or payoff 0   0 0 0
Gain (Loss) on Extinguishment of Debt       0  
Interest expense, net 0   0 0 0
Interest expense on intercompany notes payable (2,580)   (2,460) (7,435) (7,297)
Transaction costs 0   0 0 0
Asset Impairment Charges       0  
Depreciation and amortization 0   0 0 0
Income before equity in income from joint ventures and other items (100,527)   (84,755) (300,631) (240,420)
Equity in income from joint ventures 0   0 0 0
Gain on sale of real estate 0   0 0 0
Income before income taxes (100,527)   (84,755) (300,631) (240,420)
Income tax expense 0   0 0 0
Income from continuing operations     (84,755)    
Net income attributable to EPR Properties     (84,755) (300,631) (240,420)
Dividends, Preferred Stock 0   0 0 0
Net income available to common shareholders of EPR Properties (100,527)   (84,755) (300,631) (240,420)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (101,375)   $ (83,322) $ (301,251) $ (240,824)