Doing some research...
Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+1.5% YoYReported for FY 2025
Liabilities
+2.3% YoYReported for FY 2025
Equity
+0.3% YoYReported for FY 2025
Equity mix
-0.5 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 2, 2026. The filing-backed figures above are the current source of truth.
EPR Properties’ balance sheet appears relatively stable over the five-year period, with total assets drifting modestly lower from about $5.8 billion in 2021 to $5.7 billion in 2025. The decline has been gradual rather than abrupt, suggesting limited balance-sheet expansion and a generally steady asset base. In a real estate context, this kind of movement often reflects portfolio pruning, asset sales, or muted acquisition activity rather than major financial stress. Total liabilities have risen steadily from roughly $3.2 billion in 2021 to $3.37 billion in 2025, while stockholders’ equity has declined from about $2.62 billion to $2.33 billion over the same period. The combination of slightly lower assets, higher liabilities, and lower equity indicates a modest deterioration in capitalization and leverage trends. The most notable year-to-year change is between 2022 and 2023, when equity fell more sharply, which may reflect valuation changes, retained earnings pressure, or portfolio adjustments. Overall, EPR Properties still shows a sizable equity cushion, but the trend points to a somewhat more leveraged balance sheet by 2025 than in 2021. For a REIT, this is not unusual, since leverage is a normal part of the business model; however, the gradual erosion in equity alongside rising liabilities warrants attention, especially in a higher-rate environment where financing costs and asset values can affect REIT flexibility.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.