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EPT - Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 282,872 $ 617,028
Adjustments to reconcile net income to net cash provided by operating activities:    
Straight-lined rents 573 3,089
Depreciation and amortization 461,520 454,277
Amortization of discount and debt financing costs, net 7,716 4,609
Realized and unrealized gains on marketable securities, net (3,482) (4,059)
Provision for credit losses (222) 61
Company’s share of gain on the sales of co-investments (14,989) (5,189)
Equity income from co-investments (31,553) (34,795)
Operating distributions from co-investments 49,073 64,125
Accrued interest from notes and other receivables (1,693) (7,949)
Impairment loss 10,709 0
Gain on the sale of real estate and land (8,781) (299,524)
Equity-based compensation 9,165 6,664
Loss on early retirement of debt 0 762
Gain on remeasurement of co-investment 0 (330)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables, operating lease right-of-use assets, and other assets 12,673 3,171
Accounts payable, accrued liabilities, and operating lease liabilities 102,906 40,595
Other liabilities (1,882) (2,314)
Net cash provided by operating activities 874,605 840,221
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures, net of cash acquired (6,142) (686,681)
Redevelopment (49,840) (57,226)
Development acquisitions of and additions to real estate under development (65,142) (44,124)
Capital expenditures on rental properties (87,083) (100,810)
Investments in notes receivable (59,500) (81,481)
Collections of notes and other receivables 91,610 3,096
Proceeds from insurance for property losses 2,721 2,581
Proceeds from dispositions of real estate 39,307 509,946
Contributions to co-investments (25,480) (31,024)
Changes in refundable deposits 0 8,000
Purchases of marketable securities (29,590) (10,488)
Sales and maturities of marketable securities 27,016 408
Non-operating distributions from co-investments 48,833 114,014
Net cash used in investing activities (113,290) (373,789)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 305,000 751,416
Payments on unsecured debt and mortgage notes (503,314) (797,348)
Proceeds from lines of credit and commercial paper 6,342,449 5,037,741
Repayments of lines of credit and commercial paper (6,342,449) (4,930,686)
Retirement of common stock (61,915) 0
Additions to deferred charges (2,722) (9,160)
Payments related to debt prepayment penalties 0 (697)
Net proceeds (costs) from issuance of common stock 16,215 (280)
Net proceeds from stock options exercised 5,232 8,930
Payments related to tax withholding for share-based compensation (805) (560)
Distributions to noncontrolling interest (24,031) (24,402)
Redemption of noncontrolling interest (1,592) (13,475)
Common stock dividends paid (498,671) (488,514)
Net cash used in financing activities (766,603) (467,035)
Net decrease in unrestricted and restricted cash and cash equivalents (5,288) (603)
Unrestricted and restricted cash and cash equivalents at beginning of period 85,586 75,846
Unrestricted and restricted cash and cash equivalents at end of period 80,298 75,243
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of $4.7 million and $2.5 million capitalized in 2026 and 2025, respectively) 199,948 186,656
Operating cash flows from operating leases 4,552 4,807
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Operating Partnership units for contributed properties 250 0
Redemption of preferred equity investments upon acquisition of consolidated co-investments 0 94,669
Reclassifications to (from) redeemable noncontrolling interest from (to) additional paid-in capital and noncontrolling interest 2,179 (1,103)
Leased assets obtained in exchange for new operating lease liabilities $ 3,771 $ 2,727