Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Reportable Operating Segments

Segment Information

The Company groups its investments into two reportable operating segments: Experiential and Education. Due to the Company's change to two reportable segments during the year ended December 31, 2019, certain reclassifications have been made to the 2019 presentation to conform to the current presentation.

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

Balance Sheet Data:
	As of September 30, 2020
	Experiential		Education		Corporate/Unallocated		Consolidated
Total Assets	$	5,179,510	$	726,271	$	1,001,429	$	6,907,210
	As of December 31, 2019
	Experiential		Education		Corporate/Unallocated		Consolidated
Total Assets	$	5,307,295	$	730,165	$	540,051	$	6,577,511

Operating Data:
	Three Months Ended September 30, 2020
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	40,270	$	15,321	$	—	$	55,591
Other income	14		13		155		182
Mortgage and other financing income	7,761		343		—		8,104
Total revenue	48,045		15,677		155		63,877
Property operating expense	13,011		550		198		13,759
Other expense	2,680		—		—		2,680
Total investment expenses	15,691		550		198		16,439
Net operating income (loss) - before unallocated items	32,354		15,127		(43)		47,438
Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income:
General and administrative expense							(10,034)
Interest expense, net							(41,744)
Transaction costs							(2,776)
Credit loss expense							(5,707)
Impairment charges							(11,561)
Depreciation and amortization							(42,059)
Equity in loss from joint ventures							(1,044)
Income tax expense							(18,417)
Net loss							(85,904)
Preferred dividend requirements							(6,034)
Net loss available to common shareholders of EPR Properties							$	(91,938)

Operating Data:
	Three Months Ended September 30, 2019
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	133,620	$	17,342	$	—	$	150,962
Other income	11,190		—		274		11,464
Mortgage and other financing income	6,620		310		—		6,930
Total revenue	151,430		17,652		274		169,356
Property operating expense	13,338		937		219		14,494
Other expense	11,403		—		—		11,403
Total investment expenses	24,741		937		219		25,897
Net operating income - before unallocated items	126,689		16,715		55		143,459
Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income:
General and administrative expense							(11,600)
Severance expense							(1,521)
Costs associated with loan refinancing or payoff							(38,269)
Interest expense, net							(36,667)
Transaction costs							(5,959)
Depreciation and amortization							(41,644)
Equity in loss from joint ventures							(435)
Gain on sale of real estate							845
Income tax benefit							600
Discontinued operations:
Income from discontinued operations							11,736
Gain on sale of real estate from discontinued operations							13,458
Net income							34,003
Preferred dividend requirements							(6,034)
Net income available to common shareholders of EPR Properties							$	27,969

Operating Data:
	Nine Months Ended September 30, 2020
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	243,134	$	45,031	$	—	$	288,165
Other income	7,227		13		931		8,171
Mortgage and other financing income	23,913		1,000		—		24,913
Total revenue	274,274		46,044		931		321,249
Property operating expense	39,854		1,719		608		42,181
Other expense	15,012		—		—		15,012
Total investment expenses	54,866		1,719		608		57,193
Net operating income - before unallocated items	219,408		44,325		323		264,056
Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income:
General and administrative expense							(31,454)
Costs associated with loan refinancing or payoff							(820)
Interest expense, net							(114,837)
Transaction costs							(4,622)
Credit loss expense							(10,383)
Impairment charges							(62,825)
Depreciation and amortization							(128,319)
Equity in loss from joint ventures							(3,188)
Impairment charges on joint ventures							(3,247)
Gain on sale of real estate							242
Income tax expense							(16,354)
Net loss							(111,751)
Preferred dividend requirements							(18,102)
Net loss available to common shareholders of EPR Properties							$	(129,853)

Operating Data:
	Nine Months Ended September 30, 2019
	Experiential		Education		Corporate/Unallocated		Consolidated
Rental revenue	$	386,907	$	51,350	$	—	$	438,257
Other income	16,684		—		850		17,534
Mortgage and other financing income	24,749		1,083		—		25,832
Total revenue	428,340		52,433		850		481,623
Property operating expense	41,274		2,689		679		44,642
Other expense	19,494		—		—		19,494
Total investment expenses	60,768		2,689		679		64,136
Net operating income - before unallocated items	367,572		49,744		171		417,487
Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income:
General and administrative expense							(35,540)
Severance expense							(1,941)
Costs associated with loan refinancing or payoff							(38,269)
Interest expense, net							(107,088)
Transaction costs							(18,005)
Depreciation and amortization							(116,436)
Equity in income from joint ventures							524
Gain on sale of real estate							457
Income tax benefit							2,505
Discontinued operations:
Income from discontinued operations							32,304
Gain on sale of real estate from discontinued operations							29,948
Net income							165,946
Preferred dividend requirements							(18,102)
Net income available to common shareholders of EPR Properties							$	147,844