Item 2.02. Results of Operations and Financial Condition.

On July 13, 2021, EPR Properties (the "Company") issued a press release announcing resumption of its monthly cash dividend to its common shareholders following termination of the Covenant Relief Period as described below under Item 8.01 and providing an update on property openings and cash collections. The Company's press release is attached as Exhibit 99.1 hereto and is incorporated by reference in this Item 2.02.

The information set forth in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being "furnished" and shall not be deemed "filed" for the purposes of or otherwise subject to liabilities under Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 8.01. Other Events.

As previously disclosed, the Company entered into a series of amendments to its credit agreement (the "Credit Agreement") governing its $1.0 billion senior unsecured revolving credit facility (the "Revolving Credit Facility") and senior unsecured term loan facility (the "Term Loan Facility") and its note purchase agreement (the "Note Purchase Agreement") governing the terms of its outstanding 4.35% Series A Notes due 2024 and its 4.56% Series B Notes due 2026 (collectively, the "Private Placement Bonds") to modify certain provisions of these agreements in light of the financial and operational impacts of the COVID-19 pandemic on the Company and its tenants and borrowers. The amendments to the Credit Agreement and the Note Purchase Agreement increased the applicable interest rate spreads and facility fee for the Revolving Credit Facility, increased the applicable interest rate spreads for the Term Loan Facility and increased the interest rates of the Private Placement Bonds during the "Covenant Relief Period" (as such term is defined in the Credit Agreement and Note Purchase Agreement). The amendments to the Credit Agreement and the Note Purchase Agreement also provided relief from compliance with certain financial covenants and imposed certain restrictions on the Company during the Covenant Relief Period, including limitations on certain investments, incurrences of indebtedness, capital expenditures, payment of dividends or other distributions and stock repurchases, and maintenance of a minimum liquidity amount, in each case subject to certain exceptions.

Under the Credit Agreement and Note Purchase Agreement, the Covenant Relief Period was scheduled to end on the earlier of (i) December 31, 2021, in the case of the Credit Agreement, and October 1, 2021 (subject to extension to January 1, 2022), in the case of the Note Purchase Agreement, and (ii) the date on which the Company provided notice electing to terminate the Covenant Relief Period, together with evidence that the Company would have been in compliance with the financial covenants under the Credit Agreement and Note Purchase Agreement at the end of the most recently ended fiscal quarter even if the Covenant Relief Period had not been in effect for such fiscal quarter.

On July 12, 2021, the Company provided notice under the Credit Agreement and Note Purchase Agreement of the Company's election to terminate the Covenant Relief Period early, together with the evidence described above of the Company's compliance with the applicable financial covenants for the quarter ended June 30, 2021. As a result, effective July 13, 2021, the increased interest rates under the Credit Agreement and Note Purchase Agreement described above returned to the previous levels under these agreements resulting in a reduction of approximately 100 basis points on the Revolving Credit Facility and Term Loan Facility and approximately 125 basis points on the Private Placement Bonds, in each case based on the Company's current credit ratings. In addition, the relief from compliance with certain financial covenants and certain additional restrictions imposed on the Company during the Covenant Relief Period under these agreements described above terminated effective July 13, 2021.

Following termination of the Covenant Relief Period, the Company resumed its monthly cash dividends to its common shareholders and its Board of Trustees declared a cash dividend of $0.25 per common share payable on August 16, 2021 to shareholders of record on July 30, 2021.

Item 9.01. Financial Statements and Exhibits.



Exhibit No.         Description
             99.1   Press Release, dated July 13, 2021, issued by EPR Properties.
                104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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