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EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Rental properties:    
Land and land improvements $ 3,363,169 $ 3,363,169
Buildings and improvements 15,121,705 15,073,416
Total rental properties 18,484,874 18,436,585
Less: accumulated depreciation (6,684,573) (6,532,003)
Net real estate 11,800,301 11,904,582
Real estate under development 159,515 157,122
Co-investments 649,313 630,550
Total real estate 12,609,129 12,692,254
Cash and cash equivalents-unrestricted 38,005 76,241
Cash and cash equivalents-restricted 9,405 9,345
Marketable securities 96,521 98,070
Notes and other receivables, net of allowance for credit losses of $0.6 million as of March 31, 2026 and December 31, 2025, respectively 201,982 141,591
Operating lease right-of-use assets 49,957 50,833
Prepaid expenses and other assets 90,488 90,675
Total assets 13,095,487 13,159,009
LIABILITIES AND EQUITY    
Unsecured debt, net 6,017,550 6,015,921
Mortgage notes payable, net 784,286 784,348
Lines of credit and commercial paper 4,660 0
Accounts payable and accrued liabilities 254,843 221,351
Construction payable 31,205 24,743
Dividends payable 174,601 173,698
Distributions in excess of investments in co-investments 99,316 98,837
Operating lease liabilities 50,531 51,487
Other liabilities 51,351 51,729
Total liabilities 7,468,343 7,422,114
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 25,788 28,263
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,309,677 and 64,442,290 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,638,007 6,683,514
Distributions in excess of accumulated earnings (1,208,590) (1,148,195)
Accumulated other comprehensive income, net 6,164 6,047
Total stockholders’ equity 5,435,587 5,541,372
Noncontrolling interest 165,769 167,260
Total equity 5,601,356 5,708,632
Total liabilities and equity $ 13,095,487 $ 13,159,009