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EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Rental properties:    
Land and land improvements $ 3,355,893 $ 3,363,169
Buildings and improvements 15,146,101 15,073,416
Total rental properties 18,501,994 18,436,585
Less: accumulated depreciation (6,931,353) (6,532,003)
Net real estate 11,570,641 11,904,582
Real estate under development 210,654 157,122
Co-investments 612,871 630,550
Total real estate 12,394,166 12,692,254
Cash and cash equivalents-unrestricted 72,059 76,241
Cash and cash equivalents-restricted 8,239 9,345
Marketable securities 102,665 98,070
Notes and other receivables, net of allowance for credit losses of $0.3 million and $0.6 million as of September 30, 2026 and December 31, 2025, respectively 94,064 141,591
Operating lease right-of-use assets 31,231 50,833
Prepaid expenses and other assets 113,830 90,675
Total assets 12,816,254 13,159,009
LIABILITIES AND EQUITY    
Unsecured debt, net 5,844,670 6,015,921
Mortgage notes payable, net 761,144 784,348
Accounts payable and accrued liabilities 325,671 221,351
Construction payable 33,494 24,743
Dividends payable 174,745 173,698
Distributions in excess of investments in co-investments 108,854 98,837
Operating lease liabilities 31,813 51,487
Other liabilities 50,340 51,729
Total liabilities 7,330,731 7,422,114
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 26,069 28,263
Equity:    
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,337,514 and 64,442,290 shares issued and outstanding, respectively 6 6
Additional paid-in capital 6,652,282 6,683,514
Distributions in excess of accumulated earnings (1,381,186) (1,148,195)
Accumulated other comprehensive income, net 27,426 6,047
Total stockholders’ equity 5,298,528 5,541,372
Noncontrolling interest 160,926 167,260
Total equity 5,459,454 5,708,632
Total liabilities and equity $ 12,816,254 $ 13,159,009