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EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Rental properties:    
Land and land improvements $ 3,363,169 $ 3,363,169
Buildings and improvements 15,171,737 15,073,416
Total rental properties 18,534,906 18,436,585
Less: accumulated depreciation (6,837,403) (6,532,003)
Net real estate 11,697,503 11,904,582
Real estate under development 184,130 157,122
Co-investments 612,512 630,550
Total real estate 12,494,145 12,692,254
Cash and cash equivalents-unrestricted 58,327 76,241
Cash and cash equivalents-restricted 8,017 9,345
Marketable securities 92,165 98,070
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.6 million as of June 30, 2026 and December 31, 2025, respectively 96,334 141,591
Operating lease right-of-use assets 49,077 50,833
Prepaid expenses and other assets 100,237 90,675
Total assets 12,898,302 13,159,009
LIABILITIES AND EQUITY    
Unsecured debt, net 5,569,283 6,015,921
Mortgage notes payable, net 784,217 784,348
Lines of credit and commercial paper 345,000 0
Accounts payable and accrued liabilities 270,439 221,351
Construction payable 33,256 24,743
Dividends payable 174,499 173,698
Distributions in excess of investments in co-investments 107,874 98,837
Operating lease liabilities 49,753 51,487
Other liabilities 51,092 51,729
Total liabilities 7,385,413 7,422,114
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 27,373 28,263
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,268,177 and 64,442,290 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,626,545 6,683,514
Distributions in excess of accumulated earnings (1,312,602) (1,148,195)
Accumulated other comprehensive income, net 9,124 6,047
Total stockholders’ equity 5,323,073 5,541,372
Noncontrolling interest 162,443 167,260
Total equity 5,485,516 5,708,632
Total liabilities and equity $ 12,898,302 $ 13,159,009