KANSAS CITY, Mo., January 15, 2025--(BUSINESS WIRE)--EPR Properties (NYSE: EPR) today announced the 2024 year-end tax reporting information for 2024 distributions made to shareholders. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EPR Properties distributions.
The 2024 distributions paid of $3.3900000 per Common Share (CUSIP #26884U109) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non- Taxable Return of Capital
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-29-23
01-16-24
$0.275000
$0.203619
$0.071381
$0.000000
$0.000000
$0.203619
01-31-24
02-15-24
$0.275000
$0.203619
$0.071381
$0.000000
$0.000000
$0.203619
02-29-24
03-15-24
$0.275000
$0.203619
$0.071381
$0.000000
$0.000000
$0.203619
03-28-24
04-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
04-30-24
05-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
05-31-24
06-17-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
06-28-24
07-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
07-31-24
08-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
08-30-24
09-16-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
09-30-24
10-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
10-31-24
11-15-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
11-29-24
12-16-24
$0.285000
$0.211023
$0.073977
$0.000000
$0.000000
$0.211023
Total for 2024
$3.390000
$2.510064
$0.879936
$0.000000
$0.000000
$2.510064
100.000%
74.043%
25.957%
0.000%
The 2024 total distributions per share of $1.714412, consisting of cash distributions paid of $1.437500 per share and non-cash distributions of $0.276912 per share, for the Series C 5.75% Cumulative Convertible Preferred Shares (CUSIP #26884U208) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non- Taxable Return of Capital
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-29-23
01-16-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
03-28-24
04-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
06-28-24
07-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
09-30-24
10-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
Total for 2024
$1.437500
$1.437500
$0.000000
$0.000000
$0.000000
$1.437500
100.000%
100.000%
0.000%
0.000%
Effective Date
Non-cash Distribution per share
Taxable Ordinary Dividend
Non- Taxable Return of Capital
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
09-30-2024
$0.199392
$0.000000
$0.199392
$0.000000
$0.000000
$0.000000
12-31-2024
$0.077520
$0.000000
$0.077520
$0.000000
$0.000000
$0.000000
Total for 2024(1)
$0.276912
$0.000000
$0.276912
$0.000000
$0.000000
$0.000000
100.000%
0.000%
100.000%
0.000%
The 2024 distributions paid of $2.250000 per share for the Series E 9.00% Cumulative Convertible Preferred Shares (CUSIP #26884U307) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non- Taxable Return of Capital
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-29-23
01-16-24
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
03-28-24
04-15-24
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
06-28-24
07-15-24
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
09-30-24
10-15-24
$0.562500
$0.562500
$0.000000
$0.000000
$0.000000
$0.562500
Total for 2024
$2.250000
$2.250000
$0.000000
$0.000000
$0.000000
$2.250000
100.000%
100.000%
0.000%
0.000%
(1)
Shareholders of the Series C 5.75% Cumulative Convertible Preferred Shares and the Series E 9.00% Cumulative Preferred Shares may receive non-cash distributions associated with conversion adjustments, as provided by the provisions of the respective Series. The conversion adjustment provision entitles Series C and Series E shareholders, upon certain quarterly common share distribution thresholds being met, to receive additional EPR Properties common shares upon a conversion of the preferred shares into common shares. The increase in common shares to be received upon a conversion is a deemed distribution for federal income tax purposes.
In accordance with the respective Series provisions, the conversion adjustment is effective in quarters in which the change in the cumulative increased conversion ratio exceeds 1%. The deemed distributions are recognized (a) in the quarter when the cumulative conversion ratio exceeds 1% and (b) at December 31, 2024 for any conversion adjustment which has been deferred due to the cumulative increased conversion ratio being less than 1%. As such, a deemed distribution associated with the conversion adjustment for Series C is reflected in September, 2024 and December, 2024.
The 2024 total distributions paid per share of $1.437500 for the Series G 5.750% Cumulative Redeemable Preferred Shares (CUSIP #26884U505) are as follows:
Record Date
Payment Date
Cash Distribution per share
Taxable Ordinary Dividend
Non- Taxable Return of Capital
Total Capital Gain Distribution
Unrecaptured Sec. 1250 Gain
Total 199A Distribution
12-29-23
01-16-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
03-28-24
04-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
06-28-24
07-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
09-30-24
10-15-24
$0.359375
$0.359375
$0.000000
$0.000000
$0.000000
$0.359375
Total for 2024
$1.437500
$1.437500
$0.000000
$0.000000
$0.000000
$1.437500
100.000%
100.000%
0.000%
0.000%
About EPR Properties
EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.5 billion) across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.
