EPR Properties (EPR) 10-Q 1 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Entity Information [Line Items]
Document Transition Report	false
Document Quarterly Report	true
City Area Code	(816)
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	43-1790877
Entity Address, Address Line One	909 Walnut Street,
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Kansas City,
Entity Address, State or Province	MO
Entity Registrant Name	EPR PROPERTIES
Local Phone Number	472-1700
Entity Central Index Key	0001045450
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity File Number	001-13561
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		77,556,691
Entity Address, Postal Zip Code	64106
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common shares, par value $0.01 per share
Trading Symbol	EPR
Entity Listing, Description	NYSE
Series C Preferred Shares [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.75% Series C cumulative convertible preferred shares, par value $0.01 per share
Trading Symbol	EPR PrC
Entity Listing, Description	NYSE
Series E Preferred Shares [Member]
Entity Information [Line Items]
Title of 12(b) Security	9.00% Series E cumulative convertible preferred shares, par value $0.01 per share
Trading Symbol	EPR PrE
Entity Listing, Description	NYSE
Series G Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.75% Series G cumulative redeemable preferred shares, par value $0.01 per share
Trading Symbol	EPR PrG
Entity Listing, Description	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Document Period End Date	Jun. 30, 2019
Assets
Real estate investments, net of accumulated depreciation of $954,806 and $883,174 at June 30, 2019 and December 31, 2018, respectively	$ 5,598,246	$ 5,024,057
Land held for development	28,080	34,177
Property under development	80,695	287,546
Operating Lease, Right-of-Use Asset	220,758	0
Mortgage notes and related accrued interest receivable	550,131	517,467
Investment in direct financing leases, net	20,675	20,558
Investment in joint ventures	35,658	34,486
Cash and cash equivalents	6,927	5,872
Restricted cash	5,010	12,635
Accounts receivable, net	108,433	98,369
Other assets	92,042	96,223
Total assets	6,746,655	6,131,390
Liabilities:
Accounts payable and accrued liabilities	126,015	168,463
Operating Lease, Liability	245,372	0
Dividends Payable, Current	29,084	26,765
Preferred dividends payable	6,034	6,034
Unearned rents and interest	78,629	79,051
Debt	3,216,623	2,986,054
Total liabilities	3,701,757	3,266,367
Equity:
Common Shares, $.01 par value; 100,000,000 shares authorized; and 80,677,733 and 77,226,443 shares issued at June 30, 2019 and December 31, 2018, respectively	807	772
Preferred shares, $.01 par value; 25,000,000 shares authorized:
Additional paid-in-capital	3,758,225	3,504,494
Treasury shares at cost: 3,121,730 and 2,878,587 common shares at June 30, 2019 and December 31, 2018, respectively	(147,143)	(130,728)
Accumulated other comprehensive income	5,174	12,085
Distributions in excess of net income	572,313	521,748
Total equity	3,044,898	2,865,023
Total liabilities and equity	6,746,655	6,131,390
Series C Preferred Shares [Member]
Preferred shares, $.01 par value; 25,000,000 shares authorized:
Preferred shares	54	54
Series E Preferred Shares [Member]
Preferred shares, $.01 par value; 25,000,000 shares authorized:
Preferred shares	34	34
Series G Preferred Stock [Member]
Preferred shares, $.01 par value; 25,000,000 shares authorized:
Preferred shares	$ 60	$ 60

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Rental properties, accumulated depreciation	$ 954,806,000	$ 883,174,000
Common Shares, par value	$ 0.01	$ 0.01
Common Shares, shares authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	80,677,733	77,226,443
Preferred Shares, par value	$ 0.01	$ 0.01
Preferred Shares, shares authorized	25,000,000	25,000,000
Treasury Shares, common shares	3,121,730	2,878,587
Series C Preferred Shares [Member]
Preferred Shares, shares issued	5,394,050	5,394,050
Preferred Shares, liquidation preference	$ 134,851,250	$ 134,851,250
Series E Preferred Shares [Member]
Preferred Shares, shares issued	3,447,381	3,447,381
Preferred Shares, liquidation preference	$ 86,184,525	$ 86,184,525
Series G Preferred Stock [Member]
Preferred Shares, shares issued	6,000,000	6,000,000
Preferred Shares, liquidation preference	$ 150,000,000	$ 150,000,000

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Rental revenue	$ 157,330	$ 137,019	$ 308,053	$ 269,943
Other income	5,726	646	6,070	1,276
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	12,642	65,202	26,117	86,616
Total revenue	175,698	202,867	340,240	357,835
Property operating expense	14,771	7,334	30,564	14,898
Other expense	8,091	0	8,091	0
General and Administrative Expense	12,230	12,976	24,360	25,300
Gain (Loss) Related to Litigation Settlement	0	2,090	0	2,090
Costs associated with loan refinancing or payoff	0	15	0	31,958
Interest expense, net	36,278	34,079	70,104	68,416
Transaction costs	6,923	405	12,046	1,014
Asset Impairment Charges	0	16,548	0	16,548
Depreciation and amortization	42,355	37,582	82,098	75,266
Income before equity in income (loss) from joint ventures and other items	55,050	91,838	112,977	122,345
Equity in income from joint ventures	470	(88)	959	(37)
Gain on sale of real estate	9,774	473	16,102	473
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	65,294	92,223	130,038	122,781
Income tax benefit (expense)	1,300	(642)	1,905	(1,662)
Net income	66,594	91,581	131,943	121,119
Preferred dividend requirements	(6,034)	(6,036)	(12,068)	(12,072)
Net income available to common shareholders of EPR Properties	$ 60,560	$ 85,545	$ 119,875	$ 109,047
Basic earnings per share data:
Net income available to common shareholders (in dollars per share)	$ 0.80	$ 1.15	$ 1.59	$ 1.47
Diluted earnings per share data:
Net income available to common shareholders (in dollars per share)	$ 0.79	$ 1.15	$ 1.59	$ 1.47
Shares used for computation (in thousands):
Basic (in shares)	76,164	74,329	75,426	74,238
Diluted (in shares)	76,199	74,365	75,467	74,273

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 66,594	$ 91,581	$ 131,943	$ 121,119
Other comprehensive income (loss):
Foreign currency translation adjustment	3,972	(4,068)	7,782	(9,468)
Change in net unrealized (loss) gain on derivatives	(7,195)	5,084	(14,693)	14,482
Comprehensive income	$ 63,371	$ 92,597	$ 125,032	$ 126,133

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Treasury shares [Member]	Accumulated other comprehensive income (loss) [Member]	Distributions in excess of net income [Member]	Series C Preferred Shares [Member]	Series C Preferred Shares [Member]Distributions in excess of net income [Member]	Series E Preferred Shares [Member]	Series E Preferred Shares [Member]Common Stock [Member]	Series E Preferred Shares [Member]Preferred Stock [Member]	Series E Preferred Shares [Member]Distributions in excess of net income [Member]	Series G Preferred Stock [Member]	Series G Preferred Stock [Member]Distributions in excess of net income [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	$ 2,927,325	$ 769	$ 148	$ 3,478,986	$ (121,591)	$ 12,483	$ (443,470)
Balance (in shares) at Dec. 31, 2017		76,858,632	14,848,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		295,202
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	3,974	$ 3		3,971	0
Treasury Stock, Retired, Cost Method, Amount	(7,116)				(7,116)
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,791			3,791
Foreign currency translation adjustment	(5,400)					(5,400)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	9,398					9,398
Net income	29,538						29,538
Issuances of common shares (in shares)		6,601
Issuances of common shares	382	$ 0		382
Stock Issued During Period, Shares, Conversion of Convertible Securities											800
Stock Redeemed or Called During Period, Shares												(1,734)
Stock Redeemed or Called During Period, Value	0											$ 0
Dividends to common and preferred shareholders	(80,263)						(80,263)	$ (1,940)	$ (1,940)	$ (1,939)			$ (1,939)	$ (2,156)	$ (2,156)
Balance (in shares) at Mar. 31, 2018		77,161,235	14,846,431
Balance (in shares) at Dec. 31, 2017		76,858,632	14,848,165
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment	(9,468)
Net income	121,119
Balance (in shares) at Jun. 30, 2018		77,195,820	14,846,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	2,875,594	$ 772	$ 148	3,487,130	(128,707)	16,481	(500,230)
Balance (in shares) at Mar. 31, 2018		77,161,235	14,846,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Other		23,571
Stock Issued During Period, Value, Other	0
Treasury Stock, Retired, Cost Method, Amount	(39)				(39)
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,818			3,818
Foreign currency translation adjustment	(4,068)					(4,068)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	5,084					5,084
Net income	91,581						91,581
Issuances of common shares (in shares)		5,272
Issuances of common shares	311	$ 0		311
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		5,742
Stock Issued During Period, Value, Stock Options Exercised	0	$ 0		302	(302)
Dividends to common and preferred shareholders	(80,278)						(80,278)	(1,940)	(1,940)	(1,939)			(1,939)	(2,156)	(2,156)
Balance (in shares) at Jun. 30, 2018		77,195,820	14,846,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	2,885,968	$ 772	$ 148	3,491,561	(129,048)	17,497	(494,962)
Total equity	2,865,023	$ 772	$ 148	3,504,494	(130,728)	12,085	(521,748)
Balance (in shares) at Dec. 31, 2018		77,226,443	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Other		1,156
Stock Issued During Period, Value, Other	0
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		197,755
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	4,430	$ 2		4,831	(403)
Treasury Stock, Retired, Cost Method, Amount	(9,499)				(9,499)
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,280			3,280
Foreign currency translation adjustment	3,810					3,810
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(7,498)					(7,498)
Net income	65,349						65,349
Issuances of common shares (in shares)		1,064,600
Issuances of common shares	78,993	$ 11		78,982
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		111,815
Stock Issued During Period, Value, Stock Options Exercised	(732)	$ 1		5,543	(6,276)
Dividends to common and preferred shareholders	(84,343)						(84,343)	(1,939)	(1,939)	(1,939)			(1,939)	(2,156)	(2,156)
Balance (in shares) at Mar. 31, 2019		78,601,769	14,841,431
Balance (in shares) at Dec. 31, 2018		77,226,443	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment	7,782
Net income	$ 131,943
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	117,013
Balance (in shares) at Jun. 30, 2019		80,677,733	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	$ 2,912,779	$ 786	$ 148	3,597,130	(146,906)	8,397	(546,776)
Balance (in shares) at Mar. 31, 2019		78,601,769	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Other		26,236
Stock Issued During Period, Value, Other	0
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		11,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	$ 0		95	(95)
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,283			3,283
Foreign currency translation adjustment	3,972					3,972
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(7,195)					(7,195)
Net income	66,594						66,594
Issuances of common shares (in shares)		2,033,530
Issuances of common shares	157,596	$ 21		157,575
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		5,198
Stock Issued During Period, Value, Stock Options Exercised	0	$ 0		142	(142)
Dividends to common and preferred shareholders	(86,097)						(86,097)	$ (1,939)	$ (1,939)	$ (1,939)			$ (1,939)	$ (2,156)	$ (2,156)
Balance (in shares) at Jun. 30, 2019		80,677,733	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	$ 3,044,898	$ 807	$ 148	$ 3,758,225	$ (147,143)	$ 5,174	$ (572,313)

Consolidated Statement Of Cha_2

Consolidated Statement Of Changes In Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Common Stock, Dividends, Per Share, Cash Paid	$ 1.125	$ 1.125	$ 1.08	$ 1.08
Series C Preferred Shares [Member]
Dividends	0.359375	0.359375	0.359375	0.359375
Series E Preferred Shares [Member]
Dividends	0.5625	0.5625	0.5625	0.5625
Series G Preferred Stock [Member]
Dividends	$ 0.359375	$ 0.359375	$ 0.359375	$ 0.359375

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income		$ 131,943	$ 121,119
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Asset Impairment Charges		0	16,548
Gain on sale of real estate		(16,102)	(473)
Deferred income tax (benefit) expense		(2,284)	663
Costs associated with loan refinancing or payoff		0	31,958
Equity in (income) loss from joint ventures		959	(37)
Proceeds from Equity Method Investment, Distribution		112	567
Depreciation and amortization		82,098	75,266
Amortization of deferred financing costs		3,019	2,837
Amortization of above/below market leases and tenant allowances, net		(117)	(472)
Share-based compensation expense to management and trustees		6,563	7,608
Increase (Decrease) in Operating Lease Assets and Liabilities, Net		(290)	0
Mortgage notes accrued interest receivable		(1,544)	(374)
Accounts receivable		12,435	(5,625)
Increase in direct financing lease receivable		(117)	(401)
Other assets		(5,434)	(3,989)
Accounts payable and accrued liabilities		50	(6,758)
Increase (Decrease) in Deferred Revenue		383	11,237
Net cash provided by operating activities		209,756	249,748
Investing activities:
Acquisition of and investments in real estate and other assets		418,114	84,306
Proceeds from sale of real estate		95,958	6,195
Investment in unconsolidated joint ventures		325	0
Investment in mortgage notes receivable		(33,074)	(21,079)
Proceeds from Sale and Collection of Mortgage Notes Receivable		1,954	196,038
Investment in promissory notes receivable		9,068	7,739
Proceeds from promissory note receivable paydown		3,574	7,500
Additions to properties under development		(102,101)	(135,605)
Net cash used by investing activities		(461,196)	(38,996)
Financing activities:
Proceeds from long-term debt facilities		422,000	840,000
Principal payments on long-term debt		(218,150)	(881,684)
Deferred financing fees paid		(276)	(8,557)
Costs associated with loan refinancing or payoff (cash portion)		0	(28,650)
Net proceeds from issuance of common shares		231,407	530
Payment, Tax Withholding, Share-based Payment Arrangement		(732)	0
Purchase of common shares for treasury		(9,499)	(7,156)
Dividends paid to shareholders		(179,989)	(169,831)
Net cash provided (used) by financing activities		244,761	(255,348)
Effect of exchange rate changes on cash		109	(90)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect		(6,570)	(44,686)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		11,937	14,300
Cash and Cash Equivalents, at Carrying Value		6,927	3,017
Restricted Cash and Cash Equivalents		5,010	11,283
Supplemental schedule of non-cash activity:
Transfer of property under development to rental property		282,275	110,742
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses		17,590	18,252
Noncash or Part Noncash Acquisition, Value of Assets Acquired		0	155,185
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			0
Operating Lease, Cost			0
Straight-Line Rent Receivable	[1]	95,449
Other Real Estate, Additions		14,000	0
Noncash or Part Noncash Acquisition, Debt Assumed		18,585	0
Supplemental disclosure of cash flow information:
Cash paid during the year for interest		70,954	75,386
Cash paid during the period for income taxes		1,066	1,105
Interest cost capitalized		4,667	4,538
Change in accrued capital expenditures		$ 8,854	$ (3,394)
[1]	At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.

Organization

Organization	6 Months Ended
	Jun. 30, 2019
Organization [Abstract]
Organization	Organization Description of Business EPR Properties (the Company) is a specialty real estate investment trust (REIT) organized on August 29, 1997 in Maryland. The Company develops, owns, leases and finances properties in select market segments primarily related to Entertainment, Recreation and Education. The Company’s properties are located in the United States and Canada.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies and Recently Issued Accounting Standards Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. In addition, operating results for the six month period ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . The Company consolidates certain entities when it is deemed to be the primary beneficiary in a variable interest entity (VIE) in which it has a controlling financial interest in accordance with the consolidation guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). The equity method of accounting is applied to entities in which the Company is not the primary beneficiary as defined in the FASB ASC Topic on Consolidation (Topic 810), or does not have effective control, but can exercise influence over the entity with respect to its operations and major decisions. The consolidated balance sheet as of December 31, 2018 has been derived from the audited consolidated balance sheet at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission (SEC) on February 28, 2019. Recently Adopted Accounting Pronouncements On January 1, 2019, Accounting Standards Update (ASU) No. 2016-02 Leases (Topic 842) became effective for the Company. The Company adopted the standard on the effective date and used the effective date as the date of initial application. Accordingly, comparative periods have not been recast, and disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The standard offered several practical expedients for transition and certain expedients specific to lessees or lessors. Both lessees and lessors are permitted to make an election to apply a package of practical expedients available for implementation under the standard. The Company elected to apply the package of practical expedients, which permitted the Company to not reassess its prior conclusions about lease identification, lease classification and initial direct costs. In addition, the Company elected the expedient to not evaluate existing or expired land easements and elected the practical expedient to not separate lease and non-lease components for all its leases where it is the lessor. In addition, the Company elected the short-term lease exception, which allows the Company to account for leases with a lease term of 12 months or less similar to existing operating leases. The Company did not elect the use-of-hindsight expedient. See Note 16 for information related to the Company's leases. Operating Segments The Company has four reportable operating segments: Entertainment, Recreation, Education and Other. See Note 15 for financial information related to these operating segments. Real Estate Investments Real estate investments are carried at cost less accumulated depreciation. Costs incurred for the acquisition and development of the properties are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which generally are estimated to be 30 to 40 years for buildings, three to 25 years for furniture, fixtures and equipment and 10 to 20 years for site improvements. Tenant improvements, including allowances, are depreciated over the shorter of the lease term or the estimated useful life and leasehold interests are depreciated over the useful life of the underlying ground lease. Expenditures for ordinary maintenance and repairs are charged to operations in the period incurred. Significant renovations and improvements that improve or extend the useful life of the asset are capitalized and depreciated over their estimated useful life. Management reviews a property for impairment whenever events or changes in circumstances indicate that the carrying value of a property may not be recoverable. The review of recoverability is based on an estimate of undiscounted future cash flows expected to result from its use and eventual disposition. If impairment exists due to the inability to recover the carrying value of the property, an impairment loss is recorded to the extent that the carrying value of the property exceeds its estimated fair value. The Company evaluates the held-for-sale classification of its real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. Assets are generally classified as held for sale once management has initiated an active program to market them for sale and it is probable the assets will be sold within one year. On occasion, the Company will receive unsolicited offers from third parties to buy individual Company properties. Under these circumstances, the Company will classify the properties as held for sale when a sales contract is executed with no contingencies and the prospective buyer has funds at risk to ensure performance. Real Estate Acquisitions Upon acquisition of real estate properties, the Company evaluates the acquisition to determine if it is a business combination or an asset acquisition. If the acquisition is determined to be an asset acquisition, the Company records the purchase price and other related costs incurred to the acquired tangible assets (consisting of land, building, site improvements, tenant improvements, leasehold interests and furniture, fixtures and equipment) and identified intangible assets and liabilities (consisting of in-place leases, above and below-market leases, tradenames, contract value and assumed financing that is determined to be above or below-market terms) on a relative fair value basis. In addition, costs incurred for asset acquisitions including transaction costs, are capitalized. If the acquisition is determined to be a business combination, the Company records the fair value of acquired tangible assets (consisting of land, building, site improvements, tenant improvements, leasehold interests and furniture, fixtures and equipment) and identified intangible assets and liabilities (consisting of in-place leases, above and below-market leases, tradenames, contract value and assumed financing that is determined to be above or below-market terms) as well as any noncontrolling interest. In addition, acquisition-related costs in connection with business combinations are expensed as incurred. Costs related to such transactions, as well as costs associated with terminated transactions and pre-opening costs, are included in the accompanying consolidated statements of income as transaction costs. Deferred Financing Costs Deferred financing costs are amortized over the terms of the related debt obligations or mortgage note receivable as applicable. Deferred financing costs of $32.0 million and $33.9 million as of June 30, 2019 and December 31, 2018 , respectively, are shown as a reduction of debt. The deferred financing costs of $4.3 million and $5.0 million as of June 30, 2019 and December 31, 2018 , respectively, related to the unsecured revolving credit facility are included in other assets. Rental Revenue The Company leases real estate to its tenants primarily under leases that are predominately classified as operating leases. The Company's leases generally provide for rent escalations throughout the lease terms. Rents that are fixed are recognized on a straight-line basis over the lease term. Many of the Company's leasing arrangements include options to extend the lease, which are not included in the minimum lease terms unless it is reasonably certain to be exercised. Straight-line rental revenue is subject to an evaluation for collectibility, and the Company records a direct write-off against rental revenues if collectibility of these future rents is not probable. For the six months ended June 30, 2019 and 2018 , the Company recognized $5.6 million and $3.9 million , respectively, of straight-line rental revenue, net of write-offs of $1.4 million for the six months ended June 30, 2019 . There were no straight-line write-offs recognized during the six months ended June 30, 2018 . Base rent escalations that include a variable component are recognized upon the occurrence of the specified event as defined in the Company's lease agreements. A substantial portion of the Company’s lease contracts are triple-net leases, which require the tenants to make payments to third parties for lessor costs (such as property taxes and insurance) associated with the properties. In accordance with Topic 842, the Company does not include these payments made by the lessees to third parties in rental revenue or property operating expenses. In certain situations, the Company pays these lessor costs directly to third-parties and the tenants reimburse the Company. In accordance with Topic 842, these payments are presented on a gross basis in rental revenue and property operating expense. During the six months ended June 30, 2019 , the Company recognized $4.3 million in tenant reimbursements related to the gross up of these reimbursed expenses which are included in rental revenue. Certain of the Company's leases, particularly at its entertainment retail centers, require the tenants to make payments to the Company for property related expenses such as common area maintenance. The Company has elected to combine these non-lease components with the lease components in rental revenue. As such, certain reclassifications have been made to the 2018 presentation to conform to the 2019 presentation to combine tenant reimbursements with rental revenue. For both the six months ended June 30, 2019 and 2018 , the Company recognized $7.7 million of tenant reimbursements that related to the operations of its entertainment retail centers. In addition, most of the Company's tenants are subject to additional rents if gross revenues of the properties exceed certain thresholds defined in the lease agreements (percentage rents). Percentage rents are recognized at the time when specific triggering events occur as provided by the lease agreement. Rental revenue included percentage rents of $5.5 million and $3.0 million for the six months ended June 30, 2019 and 2018 , respectively. The Company regularly evaluates the collectibility of its receivables on a lease by lease basis. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of the Company's tenants, historical trends of the tenant and/or other debtor, current economic conditions and changes in customer payment terms. The Company suspends revenue recognition when the collectibility of lease receivables or future lease payments are no longer probable and records a direct write-off of the receivable to rental revenue. For the six months ended June 30, 2019 , the Company recognized $0.3 million in reductions to rental income related to the write-off of tenant receivables. Certain reclassifications have been made to the 2018 presentation to conform to the 2019 presentation related to the Company's former presentation of the allowance for doubtful accounts. Property Sales Sales of real estate properties are recognized when a contract exists and the purchaser has obtained control of the property. Gains on sales of properties are recognized in full in a partial sale of nonfinancial assets, to the extent control is not retained. Any noncontrolling interest retained by the seller would, accordingly, be measured at fair value. The Company evaluates each sale or disposal transaction to determine if it meets the criteria to qualify as discontinued operations. A discontinued operation is a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on the Company's operations and financial results. If the sale or disposal transaction does not meet the criteria, the operations and related gain or loss on sale is included in income from continuing operations. Mortgage Notes and Other Notes Receivable Mortgage notes and other notes receivable, including related accrued interest receivable, consist of loans originated by the Company and the related accrued and unpaid interest income as of the balance sheet date. Mortgage notes and other notes receivable are initially recorded at the amount advanced to the borrower. Interest income is recognized using the effective interest method based on the stated interest rate over the estimated life of the note. Premiums and discounts are amortized or accreted into income over the estimated life of the note using the effective interest method. The Company evaluates the collectibility of both interest and principal of each of its loans to determine whether it is impaired. A loan is considered to be impaired when, based on current information and events, the Company determines that it is probable that it will be unable to collect all amounts due according to the existing contractual terms. An insignificant delay or shortfall in amounts of payments does not necessarily result in the loan being identified as impaired. When a loan is considered to be impaired, the amount of loss, if any, is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at the loan’s effective interest rate or to the fair value of the Company’s interest in the underlying collateral, less costs to sell, if the loan is collateral dependent. For impaired loans, interest income is recognized on a cash basis, unless the Company determines based on the loan to estimated fair value ratio the loan should be on the cost recovery method, and any cash payments received would then be reflected as a reduction of principal. Interest income recognition is recommenced if and when the impaired loan becomes contractually current and performance is demonstrated to be resumed. Mortgage and Other Financing Income Certain of the Company's borrowers are subject to additional interest based on certain thresholds defined in the mortgage agreements (participating interest). Participating interest income is recognized at the time when specific triggering events occur as provided by the mortgage agreement. There was no participating interest income for the six months ended June 30, 2019 and 2018 . In addition, for the six months ended June 30, 2019 and 2018 , mortgage and other financing income included $0.9 million and $47.3 million , respectively, in prepayment fees related to mortgage notes that were paid fully in advance of their maturity date. As described above, the Company adopted Topic 842 on January 1, 2019 and elected to not reassess its prior conclusions about lease classification. Accordingly, the Company's leases that were classified as investment in direct financing leases retained this classification. Direct financing lease income is included in mortgage and other financing income and is recognized on the effective interest method to produce a level yield on funds not yet recovered. Estimated unguaranteed residual values at the date of lease inception represent management's initial estimates of fair value of the leased assets at the expiration of the lease, not to exceed original cost. Significant assumptions used in estimating residual values include estimated net cash flows over the remaining lease term and expected future real estate values. The Company evaluates on an annual basis (or more frequently, if necessary) the collectibility of its direct financing lease receivable and unguaranteed residual value to determine whether they are impaired. A direct financing lease receivable is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms. When a direct financing lease receivable is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at the direct financing lease receivable's effective interest rate or to the fair value of the underlying collateral, less costs to sell, if such receivable is collateralized. Concentrations of Risk American Multi-Cinema, Inc. (AMC) was the lessee of a substantial portion ( 30% ) of the megaplex theatre properties held by the Company at June 30, 2019 . For the six months ended June 30, 2019 and 2018 , approximately $61.4 million or 18.0% and $57.4 million or 16.0% , respectively, of the Company's total revenues were derived from rental payments by AMC. Topgolf USA (Topgolf) was the lessee of a substantial portion ( 42% ) of the recreation properties held by the Company at June 30, 2019 . For the six months ended June 30, 2019 and 2018 , approximately $37.7 million or 11.1% and $30.4 million or 8.5% , respectively, of the Company's total revenues were derived from rental payments by Topgolf. Share-Based Compensation Share-based compensation to employees of the Company is granted pursuant to the Company's Annual Incentive Program and Long-Term Incentive Plan and share-based compensation to non-employee Trustees of the Company is granted pursuant to the Company's Trustee compensation program. Prior to May 12, 2016, share-based compensation granted to employees and non-employee Trustees was issued under the 2007 Equity Incentive Plan. The 2016 Equity Incentive Plan was approved by shareholders at the May 11, 2016 annual shareholder meeting and this plan replaced the 2007 Equity Incentive Plan. Accordingly, all share-based compensation granted on or after May 12, 2016 has been issued under the 2016 Equity Incentive Plan. Share-based compensation expense consists of share option expense and amortization of nonvested share grants issued to employees, and amortization of share units issued to non-employee Trustees for payment of their annual retainers. Share-based compensation included in general and administrative expense in the accompanying consolidated statements of income totaled $6.6 million and $7.6 million for the six months ended June 30, 2019 and 2018 , respectively. Share Options Share options are granted to employees pursuant to the Long-Term Incentive Plan. The fair value of share options granted is estimated at the date of grant using the Black-Scholes option pricing model. Share options granted to employees vest over a period of four years and share option expense for these options is recognized on a straight-line basis over the vesting period. Expense recognized related to share options and included in general and administrative expense in the accompanying consolidated statements of income was $5 thousand and $147 thousand for the six months ended June 30, 2019 and 2018 , respectively. Nonvested Shares Issued to Employees The Company grants nonvested shares to employees pursuant to both the Annual Incentive Program and the Long-Term Incentive Plan. The Company amortizes the expense related to the nonvested shares awarded to employees under the Long-Term Incentive Plan and the premium awarded under the nonvested share alternative of the Annual Incentive Program on a straight-line basis over the future vesting period (three or four years ). Expense recognized related to nonvested shares and included in general and administrative expense in the accompanying consolidated statements of income was $5.6 million and $6.9 million for the six months ended June 30, 2019 and 2018 , respectively. Restricted Share Units Issued to Non-Employee Trustees The Company issues restricted share units to non-employee Trustees for payment of their annual retainers under the Company's Trustee compensation program. The fair value of the share units granted was based on the share price at the date of grant. The share units vest upon the earlier of the day preceding the next annual meeting of shareholders or a change of control. The settlement date for the shares is selected by the non-employee Trustee, and ranges from one year from the grant date to upon termination of service. This expense is amortized by the Company on a straight-line basis over the year of service by the non-employee Trustees. Total expense recognized related to shares issued to non-employee Trustees was $851 thousand and $570 thousand for the six months ended June 30, 2019 and 2018 , respectively. Derivative Instruments The Company has entered into certain derivative instruments to reduce exposure to fluctuations in foreign currency exchange rates and variable interest rates. The Company has established policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. These derivatives consist of foreign currency forward contracts, cross-currency swaps and interest rate swaps. The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. For its net investment hedges, the Company has elected to assess hedge effectiveness using a method based on changes in spot exchange rates and record the changes in the fair value amounts excluded from the assessment of effectiveness into earnings on a systematic and rational basis. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company's policy is to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Impact of Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments , which amends ASC Topic 326, Financial Instruments - Credit Losses . The ASU changes the methodology for measuring credit losses on financial instruments and timing of when such losses are recorded. The amendments in ASU No. 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions and reasonable and supportable forecasts that affect the collectibility of financial assets and eliminates the incurred losses methodology under current U.S. GAAP. In addition, in November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses , which also amends ASC Topic 326, Financial Instruments - Credit Losses. The ASU states that operating lease receivables are not in the scope of Subtopic 326-20. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. The ASU changes how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses.

Rental Properties

Rental Properties	6 Months Ended
	Jun. 30, 2019
Real Estate [Abstract]
Rental Properties	The following table summarizes the carrying amounts of real estate investments as of June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 Buildings and improvements $ 5,068,006 $ 4,593,159 Furniture, fixtures & equipment 124,200 97,463 Land 1,334,805 1,190,568 Leasehold interests 26,041 26,041 6,553,052 5,907,231 Accumulated depreciation (954,806 ) (883,174 ) Total $ 5,598,246 $ 5,024,057 Depreciation expense on real estate investments was $79.2 million and $72.9 million for the six months ended June 30, 2019 and 2018 , respectively.

Investments and Dispositions

Investments and Dispositions	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Investments	Investments and Dispositions The Company's investment spending during the six months ended June 30, 2019 totaled $566.5 million and included investments in each of its operating segments. Entertainment investment spending during the six months ended June 30, 2019 totaled $429.5 million , including spending on the acquisition of 24 megaplex theatres totaling $377.8 million , and build-to-suit development and redevelopment of megaplex theatres, entertainment retail centers and other entertainment properties. Recreation investment spending during the six months ended June 30, 2019 totaled $101.0 million , including spending on the acquisition of two attractions totaling $24.0 million , and build-to-suit development of golf entertainment complexes and attractions. Education investment spending during the six months ended June 30, 2019 totaled $35.8 million , including spending on the acquisition of one early education center for $2.6 million , and build-to-suit development and redevelopment of public charter schools, early education centers and private schools. Other investment spending during the six months ended June 30, 2019 totaled $0.2 million and was related to the Resorts World Catskills project in Sullivan County, New York. During the six months ended June 30, 2019 , the Company completed the construction of the Kartrite Resort and Indoor Waterpark in Sullivan County, New York. The indoor waterpark resort is being operated under a traditional REIT lodging structure and facilitated by a management agreement with an eligible independent contractor. The related operating revenue and expense are included in other income and other expense in the accompanying consolidated statements of income for the six months ended June 30, 2019 . Additionally, during the year ended December 31, 2018, the Company completed the construction of the Resorts World Catskills common infrastructure. In June 2016, the Sullivan County Infrastructure Local Development Corporation issued $110.0 million of Series 2016 Revenue Bonds which funded a substantial portion of such construction costs. For the years ended December 31, 2016, 2017 and 2018, the Company received total reimbursements of $74.2 million of construction costs. During the six months ended June 30, 2019 , the Company received an additional reimbursement of $11.5 million . Property Dispositions During the six months ended June 30, 2019 , pursuant to tenant purchase options, the Company completed the sale of six public charter schools for net proceeds totaling $70.0 million and recognized a combined gain on sale of $13.6 million . During the six months ended June 30, 2019 , the Company also completed the sale of one recreation property, five additional education properties and a land parcel for net proceeds totaling $25.9 million and recognized a combined gain on sale of $2.5 million

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2019
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Accounts Receivable, Net	Mortgage Notes and Other Notes Receivable Mortgage notes and other notes receivable, including related accrued interest receivable, consist of loans originated by the Company and the related accrued and unpaid interest income as of the balance sheet date. Mortgage notes and other notes receivable are initially recorded at the amount advanced to the borrower. Interest income is recognized using the effective interest method based on the stated interest rate over the estimated life of the note. Premiums and discounts The following table summarizes the carrying amounts of accounts receivable as of June 30, 2019 and December 31, 2018 (in thousands): June 30, December 31, Receivable from tenants $ 6,601 $ 12,158 Receivable from non-tenants 6,383 1,379 Receivable from Sullivan County Infrastructure Revenue Bonds — 11,500 Straight-line rent receivable (1) 95,449 73,332 Total $ 108,433 $ 98,369 (1) At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.

Investments In Direct Financing

Investments In Direct Financing Lease	6 Months Ended
	Jun. 30, 2019
Capital Leases, Net Investment in Direct Financing Leases [Abstract]
Investments in a Direct Financing Lease	Investment in Direct Financing Leases The Company’s investment in direct financing leases relates to the Company’s leases of two public charter school properties as of June 30, 2019 and December 31, 2018 , with affiliates of Imagine Schools, Inc. (Imagine). As described in Note 2, the Company adopted Topic 842 on January 1, 2019 and elected to not reassess its prior conclusions about lease classification, therefore these lease arrangements continue to be classified as direct financing leases. Investment in direct financing leases, net represents estimated unguaranteed residual values of leased assets and net unpaid rentals, less related deferred income. The following table summarizes the carrying amounts of investment in direct financing leases, net as of June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 Total minimum lease payments receivable $ 35,230 $ 36,352 Estimated unguaranteed residual value of leased assets 16,509 16,509 Less deferred income (1) (31,064 ) (32,303 ) Investment in direct financing leases, net $ 20,675 $ 20,558 (1) Deferred income is net of $0.3 million of initial direct costs at June 30, 2019 and December 31, 2018 . During the year ended December 31, 2018 , the Company completed the sale of four public charter school properties leased to Imagine, located in Arizona, Ohio and Washington D.C. for net proceeds of $43.4 million . Accordingly, the Company reduced its investment in direct financing leases, net, by $37.9 million , which included $31.6 million in original acquisition costs. A gain of $5.5 million was recognized during the year ended December 31, 2018 . The Company’s direct financing leases have expiration dates ranging from approximately 12 to 13 years. Future minimum rentals receivable on these direct financing leases at June 30, 2019 are as follows (in thousands): Amount Year: 2019 $ 1,143 2020 2,333 2021 2,403 2022 2,475 2023 2,550 Thereafter 24,326 Total $ 35,230

Unconsolidated Real Estate Join

Unconsolidated Real Estate Joint Ventures (Notes)	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Unconsolidated Real Estate Joint Ventures As of June 30, 2019 , the Company had a 65% investment interest in two unconsolidated real estate joint ventures related to two recreation anchored lodging properties located in St. Petersburg Beach, Florida. The Company's partner, Gencom and its affiliates, own the remaining 35% interest in the joint venture. There are two separate joint ventures, one that holds the investment in the real estate of the recreation anchored lodging properties and the other that holds lodging operations, which are facilitated by a management agreement with an eligible independent contractor. The Company's investment in the operating entity is held in a taxable REIT subsidiary (TRS). The Company accounts for its investment in these joint ventures under the equity method of accounting. As of June 30, 2019 and December 31, 2018, the Company had invested $30.9 million and $29.5 million , respectively, in these joint ventures. As of June 30, 2019 , the Company's investments in these joint ventures were considered to be variable interests and the underlying entities are VIEs. The Company is not the primary beneficiary of the VIEs as the Company does not individually have the power to direct the activities that are most important to the joint ventures and accordingly these investments are not consolidated. See Note 9 for further discussion on these VIEs. The joint venture that holds the real property partially financed the purchase of the lodging properties with a short-term secured mortgage loan of $60.0 million with a maturity date of June 21, 2019. On March 28, 2019, the joint venture prepaid in full this mortgage loan and entered into a new secured mortgage loan due April 1, 2022 with an initial balance of $61.2 million and a maximum availability of $85.0 million . The note can be extended for two additional one year periods upon the satisfaction of certain conditions. As of June 30, 2019 , the joint venture had $61.2 million outstanding and total availability of $23.8 million to fund upcoming property renovations. Additionally, the Company has guaranteed the completion of the renovations in the amount of its pro-rata share of approximately $14.6 million . The mortgage loan bears interest at an annual rate equal to the greater of 6.00% or LIBOR plus 3.75% . Interest is payable monthly beginning on May 1, 2019 until the stated maturity date of April 1, 2022, which can be extended to April 1, 2023. Additionally, on March 28, 2019, the joint venture entered into an interest rate cap agreement to limit the variable portion of the interest rate (LIBOR) on this note to 3.0% from March 28, 2019 to April 1, 2023. The Company recognized income of $1.1 million and received no distributions during the six months ended June 30, 2019 related to the equity investments in these joint ventures. No income or loss was recognized during the six months ended June 30, 2018 related to the equity investment in these joint ventures. In addition, as of June 30, 2019 and December 31, 2018, the Company had invested $4.7 million and $4.9 million , respectively, in unconsolidated joint ventures for three theatre projects located in China. The Company recognized a loss of $106 thousand and $37 thousand and received distributions of $112 thousand and $567 thousand from its investment in these joint ventures for the six months ended June 30, 2019 and 2018 , respectively.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2019
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company’s variable interest in VIEs currently are in the form of equity ownership and loans provided by the Company to a VIE or other partner. The Company examines specific criteria and uses its judgment when determining if the Company is the primary beneficiary of a VIE. The primary beneficiary generally is defined as the party with the controlling financial interest. Consideration of various factors include, but are not limited to, the Company’s ability to direct the activities that most significantly impact the entity’s economic performance and its obligation to absorb losses from or right to receive benefits of the VIE that could potentially be significant to the VIE. Consolidated VIEs As of June 30, 2019 , the Company does not have any investments in consolidated VIEs. Unconsolidated VIE At June 30, 2019 , the Company had $193.9 million of recorded investments in mortgage notes receivable which were considered variable interests in unconsolidated VIEs. These mortgage notes receivable were secured by three waterparks and adjacent land and one public charter school. The Company's maximum exposure to loss associated with these VIEs is limited to the Company's outstanding mortgage notes and related accrued interest receivable of $193.9 million . Subsequent to June 30, 2019, the Company received repayment in full from SVVI, LLC (Schlitterbahn Group) on three of these mortgage notes receivable with a balance totaling $189.7 million at June 30, 2019 and that were secured by three waterparks and adjacent land. In addition, at June 30, 2019 , the Company had $30.9 million of recorded investments in unconsolidated VIEs through joint ventures that own two recreation anchored lodging properties. The Company accounts for these investments in joint ventures under the equity method of accounting. The Company's maximum exposure to loss at June 30, 2019 , is its investment in the joint ventures of $30.9 million as well as the Company's guarantee of its pro-rata share of the estimated costs to complete renovations of approximately $14.6 million . See Note 8 for further discussion related to the Company's unconsolidated real estate joint ventures.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2019
Summary of Derivative Instruments [Abstract]
Derivative Instruments	Derivative Instruments All derivatives are recognized at fair value in the consolidated balance sheets within the line items "Other assets" and "Accounts payable and accrued liabilities" as applicable. The Company's derivatives are subject to master netting arrangements and the Company has elected not to offset its derivative position for purposes of balance sheet presentation and disclosure. The Company had derivative liabilities of $4.7 million recorded in "Accounts payable and accrued liabilities" in the consolidated balance sheet at June 30, 2019 . The Company had no derivative liabilities in the consolidated balance sheet at December 31, 2018 . The Company had derivative assets of $0.6 million and $10.6 million recorded in “Other assets” in the consolidated balance sheet at June 30, 2019 and December 31, 2018 , respectively. The Company has not posted or received collateral with its derivative counterparties as of June 30, 2019 or December 31, 2018 . See Note 11 for disclosures relating to the fair value of the derivative instruments as of June 30, 2019 and December 31, 2018 . Risk Management Objective of Using Derivatives The Company is exposed to certain risk arising from both its business operations and economic conditions including the effect of changes in foreign currency exchange rates on foreign currency transactions and interest rates on its LIBOR based borrowings. The Company manages this risk by following established risk management policies and procedures including the use of derivatives. The Company’s objective in using derivatives is to add stability to reported earnings and to manage its exposure to foreign exchange and interest rate movements or other identified risks. To accomplish this objective, the Company primarily uses interest rate swaps, cross-currency swaps and foreign currency forwards. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements on its LIBOR based borrowings. To accomplish these objectives, the Company currently uses interest rate swaps as its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt or payment of variable-rate amounts from a counterparty which results in the Company recording net interest expense that is fixed over the life of the agreements without exchange of the underlying notional amount. As of June 30, 2019 , the Company had three interest rate swap agreements to fix the interest rate at 3.15% on $350.0 million of borrowings under its unsecured term loan facility from April 5, 2019 to February 7, 2022. Additionally, during the quarter ended June 30, 2019 , the Company entered into an interest rate swap agreement to fix the interest rate at 3.35% on the remaining $50.0 million of borrowings under its unsecured term loan facility from April 5, 2019 to February 7, 2022. The change in the fair value of interest rate derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (AOCI) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings within the same income statement line item as the earnings effect of the hedged transaction. During the six months ended June 30, 2019 and 2018 , such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. As of June 30, 2019 , the Company estimates t hat during the twelve months ending June 30, 2020, $0.9 million will be reclassified from AOCI to interest expense. Cash Flow Hedges of Foreign Exchange Risk The Company is exposed to foreign currency exchange risk against its functional currency, USD, on CAD denominated cash flow from its four Canadian properties. The Company uses cross-currency swaps to mitigate its exposure to fluctuations in the USD-CAD exchange rate on cash inflows associated with these properties. These foreign currency derivatives should hedge a significant portion of the Company's expected CAD denominated cash flow of the Canadian properties as their impact on the Company's cash flow when settled should move in the opposite direction of the exchange rates utilized to translate revenues and expenses of these properties. As of June 30, 2019 , the Company had a USD-CAD cross-currency swap with a fixed original notional value of $100.0 million CAD and $79.5 million USD. The net effect of this swap is to lock in an exchange rate of $1.26 CAD per USD on approximately $13.5 million of annual CAD denominated cash flows through June 2020. The change in the fair value of foreign currency derivatives designated and that qualify as cash flow hedges of foreign exchange risk is recorded in AOCI and subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings within the same income statement line item as the earnings effect of the hedged transaction. As of June 30, 2019 , the Company estimates t hat during the twelve months ending June 30, 2020, $0.4 million of gains will be reclassified from AOCI to other income. Net Investment Hedges The Company is exposed to fluctuations in the USD-CAD exchange rate on its net investments in Canada. As such, the Company uses either currency forward agreements or cross-currency swaps to manage its exposure to changes in foreign exchange rates on certain of its foreign net investments. As of June 30, 2019 , the Company had two fixed-to-fixed cross-currency swaps with a total notional value of $200.0 million CAD. These instruments became effective on July 1, 2018, mature on July 1, 2023 and are designated as net investment hedges on its Canadian net investments. The net effect of this hedge is to lock in an exchange rate of $1.32 CAD per USD on $200.0 million CAD of the Company's foreign net investments. The cross-currency swaps also have a monthly settlement feature locked in at an exchange rate of $1.32 CAD per USD on $4.5 million of CAD annual cash flows, the net effect of which is an excluded component from the effectiveness testing of this hedge. For qualifying foreign currency derivatives designated as net investment hedges, the change in the fair value of the derivatives are reported in AOCI as part of the cumulative translation adjustment. Amounts are reclassified out of AOCI into earnings when the hedged net investment is either sold or substantially liquidated. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with the Company's accounting policy election. The earnings recognition of excluded components are presented in other income. Below is a summary of the effect of derivative instruments on the consolidated statements of changes in equity and income for the three and six months ended June 30, 2019 and 2018 . Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Income for the Three and Six Months Ended June 30, 2019 and 2018 (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Description 2019 2018 2019 2018 Cash Flow Hedges Interest Rate Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative $ (5,413 ) $ 2,115 $ (7,852 ) $ 6,893 Amount of Income Reclassified from AOCI into Earnings (1) 403 275 1,178 262 Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (165 ) 447 (476 ) 1,062 Amount of Income Reclassified from AOCI into Earnings (2) 157 621 291 1,175 Net Investment Hedges Cross-Currency Swaps Amount of Loss Recognized in AOCI on Derivative (1,057 ) (591 ) (4,896 ) (591 ) Amount of Income Recognized in Earnings (2) (3) 146 — 284 — Currency Forward Agreements Amount of Gain Recognized in AOCI on Derivative — 4,009 — 8,555 Amount of Expense Reclassified from AOCI into Earnings (2) — — — — Total Amount of (Loss) Gain Recognized in AOCI on Derivatives $ (6,635 ) $ 5,980 $ (13,224 ) $ 15,919 Amount of Income Reclassified from AOCI into Earnings 560 896 1,469 1,437 Amount of Income Recognized in Earnings 146 — 284 — Interest expense, net in accompanying consolidated statements of income $ 36,278 $ 34,079 $ 70,104 $ 68,416 Other income in accompanying consolidated statements of income $ 5,726 $ 646 $ 6,070 $ 1,276 (1) Included in "Interest expense, net" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . (2) Included in "Other income" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . (3) Amounts represent derivative gains excluded from the effectiveness testing. Credit-risk-related Contingent Features The Company has agreements with each of its interest rate derivative counterparties that contain a provision where if the Company defaults on any of its obligations for borrowed money or credit in an amount exceeding $50.0 million and such default is not waived or cured within a specified period of time, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its interest rate derivative obligations. As of June 30, 2019 , the fair value of the Company's derivatives in a liability position related to these agreements was $4.7 million . If the Company breached any of the contractual provisions of these derivative contracts, it would be required to settle its obligations under the agreements at their termination value, after considering the right of offset of $4.3 million . As of June 30, 2019

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures The Company has certain financial instruments that are required to be measured under the FASB’s Fair Value Measurement guidance. The Company currently does not have any non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis. As a basis for considering market participant assumptions in fair value measurements, the FASB’s Fair Value Measurement guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). Level 1 inputs use quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Derivative Financial Instruments The Company uses interest rate swaps, foreign currency forwards and cross-currency swaps to manage its interest rate and foreign currency risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. In conjunction with the FASB's Fair Value Measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Although the Company determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives also use Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by itself and its counterparties. As of June 30, 2019 , the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives and therefore, classified its derivatives as Level 2 within the fair value reporting hierarchy. The table below presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 aggregated by the level in the fair value hierarchy within which those measurements are classified and by derivative type. Assets and Liabilities Measured at Fair Value on a Recurring Basis at June 30, 2019 and December 31, 2018 (Dollars in thousands) Description Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Balance at end of period June 30, 2019 Cross-Currency Swaps* $ — $ 614 $ — $ 614 Interest Rate Swap Agreements** $ — $ (4,686 ) $ — $ (4,686 ) December 31, 2018 Cross-Currency Swaps* $ — $ 6,278 $ — $ 6,278 Interest Rate Swap Agreements* $ — $ 4,344 $ — $ 4,344 *Included in "Other assets" in the accompanying consolidated balance sheets. ** Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets. Fair Value of Financial Instruments The following methods and assumptions were used by the Company to estimate the fair value of each class of financial instruments at June 30, 2019 and December 31, 2018 : Mortgage notes receivable and related accrued interest receivable: The fair value of the Company’s mortgage notes and related accrued interest receivable is estimated by discounting the future cash flows of each instrument using current market rates. At June 30, 2019 , the Company had a carrying value of $550.1 million in fixed rate mortgage notes receivable outstanding, including related accrued interest, with a weighted average interest rate of approximately 8.68% . The fixed rate mortgage notes bear interest at rates of 7.00% to 11.61% . Discounting the future cash flows for fixed rate mortgage notes receivable using rates of 7.50% to 10.00% , management estimates the fair value of the fixed rate mortgage notes receivable to be approximately $581.5 million with an estimated weighted average market rate of 8.63% at June 30, 2019 . At December 31, 2018 , the Company had a carrying value of $517.5 million in fixed rate mortgage notes receivable outstanding, including related accrued interest, with a weighted average interest rate of approximately 8.67% . The fixed rate mortgage notes bear interest at rates of 7.00% to 11.43% . Discounting the future cash flows for fixed rate mortgage notes receivable using rates of 7.50% to 10.00% , management estimates the fair value of the fixed rate mortgage notes receivable to be $544.6 million with an estimated weighted average market rate of 8.68% at December 31, 2018 . Investment in direct financing leases, net: At June 30, 2019 and December 31, 2018 , the Company had an investment in direct financing leases with a carrying value of $20.7 million and $20.6 million , respectively, and a weighted average effective interest rate of 12.04% for both periods. At June 30, 2019 and December 31, 2018 , the investment in direct financing leases bears interest at effective rates of 11.93% to 12.38% . The carrying value of the investment in direct financing leases approximated the fair value at June 30, 2019 and December 31, 2018 . Derivative instruments: Derivative instruments are carried at their fair value. Debt instruments: The fair value of the Company's debt is estimated by discounting the future cash flows of each instrument using current market rates. At June 30, 2019 , the Company had a carrying value of $683.6 million in variable rate debt outstanding with a weighted average interest rate of approximately 3.25% . The carrying value of the variable rate debt outstanding approximated the fair value at June 30, 2019 . At December 31, 2018 , the Company had a carrying value of $455.0 million in variable rate debt outstanding with a weighted average interest rate of approximately 2.84% . The carrying value of the variable rate debt outstanding approximated the fair value at December 31, 2018 . At June 30, 2019 and December 31, 2018 , $400.0 million and $350.0 million , respectively, of the Company's variable rate debt, discussed above, had been effectively converted to a fixed rate through February 7, 2022 by interest rate swap agreements. See Note 10 for additional information related to the Company's interest rate swap agreements. At June 30, 2019 , the Company had a carrying value of $2.57 billion in fixed rate long-term debt outstanding with a weighted average interest rate of approximately 4.86% . Discounting the future cash flows for fixed rate debt using June 30, 2019 market rates of 3.14% to 4.56% , management estimates the fair value of the fixed rate debt to be approximately $2.70 billion with an estimated weighted average market rate of 3.76% at June 30, 2019 . At December 31, 2018 , the Company had a carrying value of $2.57 billion in fixed rate long-term debt outstanding with an average weighted interest rate of approximately 4.86% . Discounting the future cash flows for fixed rate debt using December 31, 2018 market rates of 3.48% to 4.99% , management estimates the fair value of the fixed rate debt to be approximately $2.57 billion with an estimated weighted average market rate of 4.69% at December 31, 2018 .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three and six months ended June 30, 2019 and 2018 (amounts in thousands except per share information): Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Income (numerator) Shares (denominator) Per Share Amount Income Shares Per Share Basic EPS: Net income $ 66,594 $ 131,943 Less: preferred dividend requirements (6,034 ) (12,068 ) Net income available to common shareholders $ 60,560 76,164 $ 0.80 $ 119,875 75,426 $ 1.59 Diluted EPS: Net income available to common shareholders $ 60,560 76,164 $ 119,875 75,426 Effect of dilutive securities: Share options — 35 — 41 Net income available to common shareholders $ 60,560 76,199 $ 0.79 $ 119,875 75,467 $ 1.59 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 91,581 $ 121,119 Less: preferred dividend requirements (6,036 ) (12,072 ) Net income available to common shareholders $ 85,545 74,329 $ 1.15 $ 109,047 74,238 $ 1.47 Diluted EPS: Net income available to common shareholders $ 85,545 74,329 $ 109,047 74,238 Effect of dilutive securities: Share options — 36 — 35 Net income available to common shareholders $ 85,545 74,365 $ 1.15 $ 109,047 74,273 $ 1.47 The additional 2.2 million and 2.1 million common shares that would result from the conversion of the Company’s 5.75% Series C cumulative convertible preferred shares for the three and six months ended June 30, 2019 and 2018 , respectively, and the additional 1.6 million common shares that would result from the conversion of the Company’s 9.0% Series E cumulative convertible preferred shares for both the three and six months ended June 30, 2019 and 2018 and the corresponding add-back of the preferred dividends declared on those shares are not included in the calculation of diluted earnings per share because the effect is anti-dilutive. The dilutive effect of potential common shares from the exercise of share options is included in diluted earnings per share for the three and six months ended June 30, 2019 and 2018 . However, options to purchase 4 thousand and 86 thousand common shares at per share prices ranging from $73.84 to $76.63 and $56.94 to $76.63 were outstanding for the three and six months ended June 30, 2019 and 2018

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Equity Incentive Plans	Equity Incentive Plan All grants of common shares and options to purchase common shares were issued under the Company's 2007 Equity Incentive Plan prior to May 12, 2016 and under the 2016 Equity Incentive Plan on and after May 12, 2016. Under the 2016 Equity Incentive Plan, an aggregate of 1,950,000 common shares, options to purchase common shares and restricted share units, subject to adjustment in the event of certain capital events, may be granted. At June 30, 2019 , there were 1,091,880 shares available for grant under the 2016 Equity Incentive Plan. Share Options Share options granted under the 2007 Equity Incentive Plan and the 2016 Equity Incentive Plan have exercise prices equal to the fair market value of a common share at the date of grant. The options may be granted for any reasonable term, not to exceed 10 years, and for employees typically become exercisable at a rate of 25% per year over a four year period. The Company generally issues new common shares upon option exercise. A summary of the Company’s share option activity and related information is as follows: Number of options Option price per share Weighted avg. exercise price Outstanding at December 31, 2018 234,875 $ 19.02 — $ 76.63 $ 51.98 Exercised (117,013 ) 19.02 — 61.79 48.59 Granted 1,941 73.84 — 73.84 73.84 Outstanding at June 30, 2019 119,803 $ 44.62 — $ 76.63 $ 55.65 The weighted average fair value of options granted was $4.64 and $3.03 during the six months ended June 30, 2019 and 2018 , respectively. The intrinsic value of share options exercised was $2.7 million and $0.1 million for the six months ended June 30, 2019 and 2018 , respectively. At June 30, 2019 , share-option expense to be recognized in future periods was $21 thousand . The expense related to share options included in the determination of net income for the six months ended June 30, 2019 and 2018 was $5 thousand and $0.1 million , respectively. The following assumptions were used in applying the Black-Scholes option pricing model at the grant dates for the six months ended June 30, 2019 : risk-free interest rate of 2.4% , dividend yield of 6.7% , volatility factors in the expected market price of the Company’s common shares of 19.1% , 0.75% expected forfeiture rate and an expected life of approximately six years . The Company uses historical data to estimate the expected life of the option and the risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Additionally, expected volatility is computed based on the average historical volatility of the Company’s publicly traded shares. The following table summarizes outstanding options at June 30, 2019 : Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 31,673 2.6 50.00 - 59.99 32,268 5.0 60.00 - 69.99 51,706 5.6 70.00 - 76.63 4,156 8.6 119,803 4.8 $ 55.65 $ 2,274 The following table summarizes exercisable options at June 30, 2019 : Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 31,673 2.6 50.00 - 59.99 29,392 4.6 60.00 - 69.99 51,706 5.6 70.00 - 76.63 1,108 7.7 113,879 4.5 $ 55.10 $ 2,221 Nonvested Shares A summary of the Company’s nonvested share activity and related information is as follows: Number of shares Weighted avg. grant date fair value Weighted avg. life remaining Outstanding at December 31, 2018 655,056 $ 64.16 Granted 208,755 74.13 Vested (337,910 ) 64.61 Forfeited (8,328 ) 66.38 Outstanding at June 30, 2019 517,573 $ 67.86 1.36 The holders of nonvested shares have voting rights and receive dividends from the date of grant. These shares vest ratably over a period of three to four years . The fair value of the nonvested shares that vested was $22.1 million (including $4.3 million related to the severance of the Company's former Senior Vice President and Chief Investment Officer as well as other employees) and $16.0 million for the six months ended June 30, 2019 and 2018 , respectively. At June 30, 2019 , unamortized share-based compensation expense related to nonvested shares was $21.5 million . Restricted Share Units A summary of the Company’s restricted share unit activity and related information is as follows: Number of shares Weighted avg. grant date fair value Weighted avg. life remaining Outstanding at December 31, 2018 23,571 $ 61.25 Granted 27,392 77.19 Vested (24,727 ) 61.62 Outstanding at June 30, 2019 26,236 $ 77.54 0.92 The holders of restricted share units receive dividend equivalents from the date of grant. The share units vest upon the earlier of the day preceding the next annual meeting of shareholders or a change of control. The settlement date for the shares is selected by the non-employee Trustee, and ranges from one year from the grant date to upon termination of service. At June 30, 2019 , unamortized share-based compensation expense related to restricted share units was $1.9 million .

Other Commitments And Contingen

Other Commitments And Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Other Commitments And Contingencies	Other Commitments and Contingencies As of June 30, 2019 , the Company had an aggregate of approximately $72.6 million of commitments to fund development projects including nine entertainment development projects for which it had commitments to fund approximately $36.2 million , three recreation development projects for which it had commitments to fund approximately $24.9 million and four education development projects for which it had commitments to fund approximately $11.5 million . Development costs are advanced by the Company in periodic draws. If the Company determines that construction is not being completed in accordance with the terms of the development agreement, it can discontinue funding construction draws. The Company has agreed to lease the properties to the operators at pre-determined rates upon completion of construction. The Company has certain commitments related to its mortgage notes and notes receivable investments that it may be required to fund in the future. The Company is generally obligated to fund these commitments at the request of the borrower or upon the occurrence of events outside of its direct control. As of June 30, 2019 , the Company had three mortgage notes and notes receivable with commitments totaling approximately $3.0 million . If commitments are funded in the future, interest will be charged at rates consistent with the existing investments. At December 31, 2018, the Company had $5.3 million in other assets and $16.1 million in other liabilities related to the Company's payment guarantees of two economic development revenue bonds. During the six months ended June 30, 2019 , the Company prepaid in full one of the two economic development revenue bonds totaling $6.2 million and the other liability of the same amount related to the Company's obligation to stand ready to perform under the terms of the guarantee was extinguished. Additionally, during the six months ended June 30, 2019 , the Company exercised its collateral assignment rights under its Guaranty Fee Agreement and assumed the remaining economic development revenue bond totaling $18.6 million with a maturity date of December 22, 2047 and an interest rate of LIBOR plus 150 basis points which was 3.94% at June 30, 2019 . The Company took ownership of and recorded the leasehold interest and improvements for the theatre in Louisiana that secures the bond at fair value which approximated $14.0 million at June 30, 2019 . The other asset of $5.3 million and other liability of $9.9 million related to the Company's obligation to stand ready to perform under the terms of the guarantee were extinguished. No gain or loss was recognized on these transactions. At June 30, 2019 , the Company does not have any remaining guarantee assets or liabilities. In connection with construction of its development projects and related infrastructure, certain public agencies require posting of surety bonds to guarantee that the Company's obligations are satisfied. These bonds expire upon the completion of the improvements or infrastructure. As of June 30, 2019 , the Company had four surety bonds outstanding totaling $50.7 million . Subsequent to June 30, 2019, one of the surety bonds totaling $20.3 million was released. Early Childhood Education Tenant Since 2017, the Company and Children’s Learning Adventure USA, LLC (CLA) have been involved in lengthy negotiations and legal proceedings regarding a restructuring of CLA and the ultimate disposition of the properties owned by the Company and leased to CLA. As a result of those negotiations, the Company and CLA have undertaken a process that provides for the continuation of the lease to CLA and the transfer of the properties one at a time to Crème de la Crème (Crème) as it receives the necessary licenses and permits for each property. In February 2019, the Company entered into new leases with Crème on all of the 21 operating CLA properties owned by the Company. These leases are contingent upon the Company delivering possession of the properties to Crème and include different financial terms based on whether or not CLA delivers to Crème the assets associated with the in-place operations of the school. The leases with Crème have 20 year terms that commence upon Crème beginning operations of the schools. Additionally, both the Company and Crème have early termination rights based on school level economic performance. During the three months ended June 30, 2019, CLA transferred four of the properties to Crème. Consideration provided by the Company for such transfers during the three months ended June 30, 2019 included the release of CLA for past due rent obligations related to the transferred properties, previously fully reserved by the Company. Additional consideration was paid of approximately $2.4 million which includes approximately $1.0 million for equipment used in the operations of these schools recorded in notes receivable and due from Crème, and $1.4 million recognized in transaction costs. Subsequent to June 30, 2019, three additional properties were transferred to Crème.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information The Company groups investments into four reportable operating segments: Entertainment, Recreation, Education and Other. The financial information summarized below is presented by reportable operating segment (in thousands): Balance Sheet Data: As of June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Total Assets $ 2,838,006 $ 2,361,764 $ 1,322,527 $ 198,239 $ 26,119 $ 6,746,655 As of December 31, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Total Assets $ 2,344,855 $ 2,187,808 $ 1,366,278 $ 207,724 $ 24,725 $ 6,131,390 Operating Data: Three Months Ended June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 83,718 $ 42,886 $ 28,059 $ 2,667 $ — $ 157,330 Other income 1,575 3,848 — — 303 5,726 Mortgage and other financing income 107 8,654 3,881 — — 12,642 Total revenue 85,400 55,388 31,940 2,667 303 175,698 Property operating expense 9,871 2,729 1,056 888 227 14,771 Other expense 1,029 7,062 — — — 8,091 Total investment expenses 10,900 9,791 1,056 888 227 22,862 Net operating income - before unallocated items 74,500 45,597 30,884 1,779 76 152,836 Reconciliation to Consolidated Statements of Income: General and administrative expense (12,230 ) Interest expense, net (36,278 ) Transaction costs (6,923 ) Depreciation and amortization (42,355 ) Equity in income from joint ventures 470 Gain on sale of real estate 9,774 Income tax benefit 1,300 Net income 66,594 Preferred dividend requirements (6,034 ) Net income available to common shareholders of EPR Properties $ 60,560 Operating Data: Three Months Ended June 30, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 74,640 $ 34,443 $ 25,649 $ 2,287 $ — $ 137,019 Other income 4 — — — 642 646 Mortgage and other financing income 2,100 57,540 5,562 — — 65,202 Total revenue 76,744 91,983 31,211 2,287 642 202,867 Property operating expense 5,816 24 644 689 161 7,334 Total investment expenses 5,816 24 644 689 161 7,334 Net operating income - before unallocated items 70,928 91,959 30,567 1,598 481 195,533 Reconciliation to Consolidated Statements of Income: General and administrative expense (12,976 ) Litigation settlement expense (2,090 ) Costs associated with loan refinancing or payoff (15 ) Interest expense, net (34,079 ) Transaction costs (405 ) Impairment charges (16,548 ) Depreciation and amortization (37,582 ) Equity in loss from joint ventures (88 ) Gain on sale of real estate 473 Income tax expense (642 ) Net income 91,581 Preferred dividend requirements (6,036 ) Net income available to common shareholders of EPR Properties $ 85,545 Operating Data: Six Months Ended June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 164,231 $ 83,415 $ 54,766 $ 5,641 $ — $ 308,053 Other income 1,585 3,909 — — 576 6,070 Mortgage and other financing income 163 17,966 7,988 — — 26,117 Total revenue 165,979 105,290 62,754 5,641 576 340,240 Property operating expense 20,496 5,463 2,168 1,977 460 30,564 Other expense 1,029 7,062 — — — 8,091 Total investment expenses 21,525 12,525 2,168 1,977 460 38,655 Net operating income - before unallocated items 144,454 92,765 60,586 3,664 116 301,585 Reconciliation to Consolidated Statements of Income: General and administrative expense (24,360 ) Interest expense, net (70,104 ) Transaction costs (12,046 ) Depreciation and amortization (82,098 ) Equity in income from joint ventures 959 Gain on sale of real estate 16,102 Income tax benefit 1,905 Net income 131,943 Preferred dividend requirements (12,068 ) Net income available to common shareholders of EPR Properties $ 119,875 Operating Data: Six Months Ended June 30, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 149,488 $ 67,875 $ 48,034 $ 4,546 $ — $ 269,943 Other income 4 62 — — 1,210 1,276 Mortgage and other financing income 2,902 71,245 12,469 — — 86,616 Total revenue 152,394 139,182 60,503 4,546 1,210 357,835 Property operating expense 12,045 57 1,473 1,003 320 14,898 Total investment expenses 12,045 57 1,473 1,003 320 14,898 Net operating income - before unallocated items 140,349 139,125 59,030 3,543 890 342,937 Reconciliation to Consolidated Statements of Income: General and administrative expense (25,300 ) Litigation settlement expense (2,090 ) Costs associated with loan refinancing or payoff (31,958 ) Interest expense, net (68,416 ) Transaction costs (1,014 ) Impairment charges (16,548 ) Depreciation and amortization (75,266 ) Equity in loss from joint ventures (37 ) Gain on sale of real estate 473 Income tax expense (1,662 ) Net income 121,119 Preferred dividend requirements (12,072 ) Net income available to common shareholders of EPR Properties $ 109,047

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. In addition, operating results for the six month period ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . The Company consolidates certain entities when it is deemed to be the primary beneficiary in a variable interest entity (VIE) in which it has a controlling financial interest in accordance with the consolidation guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). The equity method of accounting is applied to entities in which the Company is not the primary beneficiary as defined in the FASB ASC Topic on Consolidation (Topic 810), or does not have effective control, but can exercise influence over the entity with respect to its operations and major decisions. The consolidated balance sheet as of December 31, 2018 has been derived from the audited consolidated balance sheet at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission (SEC) on February 28, 2019.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Adopted Accounting Pronouncements On January 1, 2019, Accounting Standards Update (ASU) No. 2016-02 Leases (Topic 842) became effective for the Company. The Company adopted the standard on the effective date and used the effective date as the date of initial application. Accordingly, comparative periods have not been recast, and disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The standard offered several practical expedients for transition and certain expedients specific to lessees or lessors. Both lessees and lessors are permitted to make an election to apply a package of practical expedients available for implementation under the standard. The Company elected to apply the package of practical expedients, which permitted the Company to not reassess its prior conclusions about lease identification, lease classification and initial direct costs. In addition, the Company elected the expedient to not evaluate existing or expired land easements and elected the practical expedient to not separate lease and non-lease components for all its leases where it is the lessor. In addition, the Company elected the short-term lease exception, which allows the Company to account for leases with a lease term of 12 months or less similar to existing operating leases. The Company did not elect the use-of-hindsight expedient. See Note 16 for information related to the Company's leases.
Operating Segments	Operating Segments The Company has four reportable operating segments: Entertainment, Recreation, Education and Other. See Note 15
Rental Properties	Real Estate Investments Real estate investments are carried at cost less accumulated depreciation. Costs incurred for the acquisition and development of the properties are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which generally are estimated to be 30 to 40 years for buildings, three to 25 years for furniture, fixtures and equipment and 10 to 20 years for site improvements. Tenant improvements, including allowances, are depreciated over the shorter of the lease term or the estimated useful life and leasehold interests are depreciated over the useful life of the underlying ground lease. Expenditures for ordinary maintenance and repairs are charged to operations in the period incurred. Significant renovations and improvements that improve or extend the useful life of the asset are capitalized and depreciated over their estimated useful life. Management reviews a property for impairment whenever events or changes in circumstances indicate that the carrying value of a property may not be recoverable. The review of recoverability is based on an estimate of undiscounted future cash flows expected to result from its use and eventual disposition. If impairment exists due to the inability to recover the carrying value of the property, an impairment loss is recorded to the extent that the carrying value of the property exceeds its estimated fair value. The Company evaluates the held-for-sale classification of its real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. Assets are generally classified as held for sale once management has initiated an active program to market them for sale and it is probable the assets will be sold within one year. On occasion, the Company will receive unsolicited offers from third parties to buy individual Company properties. Under these circumstances, the Company will classify the properties as held for sale when a sales contract is executed with no contingencies and the prospective buyer has funds at risk to ensure performance.
Business Combinations and Other Purchase of Business Transactions, Policy [Policy Text Block]	Real Estate Acquisitions Upon acquisition of real estate properties, the Company evaluates the acquisition to determine if it is a business combination or an asset acquisition. If the acquisition is determined to be an asset acquisition, the Company records the purchase price and other related costs incurred to the acquired tangible assets (consisting of land, building, site improvements, tenant improvements, leasehold interests and furniture, fixtures and equipment) and identified intangible assets and liabilities (consisting of in-place leases, above and below-market leases, tradenames, contract value and assumed financing that is determined to be above or below-market terms) on a relative fair value basis. In addition, costs incurred for asset acquisitions including transaction costs, are capitalized. If the acquisition is determined to be a business combination, the Company records the fair value of acquired tangible assets (consisting of land, building, site improvements, tenant improvements, leasehold interests and furniture, fixtures and equipment) and identified intangible assets and liabilities (consisting of in-place leases, above and below-market leases, tradenames, contract value and assumed financing that is determined to be above or below-market terms) as well as any noncontrolling interest. In addition, acquisition-related costs in connection with business combinations are expensed as incurred. Costs related to such transactions, as well as costs associated with terminated transactions and pre-opening costs, are included in the accompanying consolidated statements of income as transaction costs.
Deferred Charges, Policy [Policy Text Block]	Deferred Financing Costs Deferred financing costs are amortized over the terms of the related debt obligations or mortgage note receivable as applicable. Deferred financing costs of $32.0 million and $33.9 million as of June 30, 2019 and December 31, 2018 , respectively, are shown as a reduction of debt. The deferred financing costs of $4.3 million and $5.0 million as of June 30, 2019 and December 31, 2018
Revenue Recognition	Rental Revenue The Company leases real estate to its tenants primarily under leases that are predominately classified as operating leases. The Company's leases generally provide for rent escalations throughout the lease terms. Rents that are fixed are recognized on a straight-line basis over the lease term. Many of the Company's leasing arrangements include options to extend the lease, which are not included in the minimum lease terms unless it is reasonably certain to be exercised. Straight-line rental revenue is subject to an evaluation for collectibility, and the Company records a direct write-off against rental revenues if collectibility of these future rents is not probable. For the six months ended June 30, 2019 and 2018 , the Company recognized $5.6 million and $3.9 million , respectively, of straight-line rental revenue, net of write-offs of $1.4 million for the six months ended June 30, 2019 . There were no straight-line write-offs recognized during the six months ended June 30, 2018 . Base rent escalations that include a variable component are recognized upon the occurrence of the specified event as defined in the Company's lease agreements. A substantial portion of the Company’s lease contracts are triple-net leases, which require the tenants to make payments to third parties for lessor costs (such as property taxes and insurance) associated with the properties. In accordance with Topic 842, the Company does not include these payments made by the lessees to third parties in rental revenue or property operating expenses. In certain situations, the Company pays these lessor costs directly to third-parties and the tenants reimburse the Company. In accordance with Topic 842, these payments are presented on a gross basis in rental revenue and property operating expense. During the six months ended June 30, 2019 , the Company recognized $4.3 million in tenant reimbursements related to the gross up of these reimbursed expenses which are included in rental revenue. Certain of the Company's leases, particularly at its entertainment retail centers, require the tenants to make payments to the Company for property related expenses such as common area maintenance. The Company has elected to combine these non-lease components with the lease components in rental revenue. As such, certain reclassifications have been made to the 2018 presentation to conform to the 2019 presentation to combine tenant reimbursements with rental revenue. For both the six months ended June 30, 2019 and 2018 , the Company recognized $7.7 million of tenant reimbursements that related to the operations of its entertainment retail centers. In addition, most of the Company's tenants are subject to additional rents if gross revenues of the properties exceed certain thresholds defined in the lease agreements (percentage rents). Percentage rents are recognized at the time when specific triggering events occur as provided by the lease agreement. Rental revenue included percentage rents of $5.5 million and $3.0 million for the six months ended June 30, 2019 and 2018 , respectively. The Company regularly evaluates the collectibility of its receivables on a lease by lease basis. The evaluation primarily consists of reviewing past due account balances and considering such factors as the credit quality of the Company's tenants, historical trends of the tenant and/or other debtor, current economic conditions and changes in customer payment terms. The Company suspends revenue recognition when the collectibility of lease receivables or future lease payments are no longer probable and records a direct write-off of the receivable to rental revenue. For the six months ended June 30, 2019 , the Company recognized $0.3 million in reductions to rental income related to the write-off of tenant receivables. Certain reclassifications have been made to the 2018 presentation to conform to the 2019 presentation related to the Company's former presentation of the allowance for doubtful accounts.
Property Sales, Policy [Policy Text Block]	Property Sales Sales of real estate properties are recognized when a contract exists and the purchaser has obtained control of the property. Gains on sales of properties are recognized in full in a partial sale of nonfinancial assets, to the extent control is not retained. Any noncontrolling interest retained by the seller would, accordingly, be measured at fair value. The Company evaluates each sale or disposal transaction to determine if it meets the criteria to qualify as discontinued operations. A discontinued operation is a component of an entity or group of components that have been disposed of or are classified as held for sale and represent a strategic shift that has or will have a major effect on the Company's operations and financial results. If the sale or disposal transaction does not meet the criteria, the operations and related gain or loss on sale is included in income from continuing operations.
Mortgage Notes And Other Notes Receivable	Mortgage Notes and Other Notes Receivable Mortgage notes and other notes receivable, including related accrued interest receivable, consist of loans originated by the Company and the related accrued and unpaid interest income as of the balance sheet date. Mortgage notes and other notes receivable are initially recorded at the amount advanced to the borrower. Interest income is recognized using the effective interest method based on the stated interest rate over the estimated life of the note. Premiums and discounts The following table summarizes the carrying amounts of accounts receivable as of June 30, 2019 and December 31, 2018 (in thousands): June 30, December 31, Receivable from tenants $ 6,601 $ 12,158 Receivable from non-tenants 6,383 1,379 Receivable from Sullivan County Infrastructure Revenue Bonds — 11,500 Straight-line rent receivable (1) 95,449 73,332 Total $ 108,433 $ 98,369 (1) At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.
Mortgage and Other Financing Income [Policy Text Block]	Mortgage and Other Financing Income Certain of the Company's borrowers are subject to additional interest based on certain thresholds defined in the mortgage agreements (participating interest). Participating interest income is recognized at the time when specific triggering events occur as provided by the mortgage agreement. There was no participating interest income for the six months ended June 30, 2019 and 2018 . In addition, for the six months ended June 30, 2019 and 2018 , mortgage and other financing income included $0.9 million and $47.3 million , respectively, in prepayment fees related to mortgage notes that were paid fully in advance of their maturity date. As described above, the Company adopted Topic 842 on January 1, 2019 and elected to not reassess its prior conclusions about lease classification. Accordingly, the Company's leases that were classified as investment in direct financing leases retained this classification. Direct financing lease income is included in mortgage and other financing income and is recognized on the effective interest method to produce a level yield on funds not yet recovered. Estimated unguaranteed residual values at the date of lease inception represent management's initial estimates of fair value of the leased assets at the expiration of the lease, not to exceed original cost. Significant assumptions used in estimating residual values include estimated net cash flows over the remaining lease term and expected future real estate values. The Company evaluates on an annual basis (or more frequently, if necessary) the collectibility of its direct financing lease receivable and unguaranteed residual value to determine whether they are impaired. A direct financing lease receivable is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms. When a direct financing lease receivable is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at the direct financing lease receivable's effective interest rate or to the fair value of the underlying collateral, less costs to sell, if such receivable is collateralized.
Concentrations Of Risk	Concentrations of Risk American Multi-Cinema, Inc. (AMC) was the lessee of a substantial portion ( 30% ) of the megaplex theatre properties held by the Company at June 30, 2019 . For the six months ended June 30, 2019 and 2018 , approximately $61.4 million or 18.0% and $57.4 million or 16.0% , respectively, of the Company's total revenues were derived from rental payments by AMC. Topgolf USA (Topgolf) was the lessee of a substantial portion ( 42% ) of the recreation properties held by the Company at June 30, 2019 . For the six months ended June 30, 2019 and 2018 , approximately $37.7 million or 11.1% and $30.4 million or 8.5% , respectively, of the Company's total revenues were derived from rental payments by Topgolf.
Share-Based Compensation	Share-Based Compensation Share-based compensation to employees of the Company is granted pursuant to the Company's Annual Incentive Program and Long-Term Incentive Plan and share-based compensation to non-employee Trustees of the Company is granted pursuant to the Company's Trustee compensation program. Prior to May 12, 2016, share-based compensation granted to employees and non-employee Trustees was issued under the 2007 Equity Incentive Plan. The 2016 Equity Incentive Plan was approved by shareholders at the May 11, 2016 annual shareholder meeting and this plan replaced the 2007 Equity Incentive Plan. Accordingly, all share-based compensation granted on or after May 12, 2016 has been issued under the 2016 Equity Incentive Plan. Share-based compensation expense consists of share option expense and amortization of nonvested share grants issued to employees, and amortization of share units issued to non-employee Trustees for payment of their annual retainers. Share-based compensation included in general and administrative expense in the accompanying consolidated statements of income totaled $6.6 million and $7.6 million for the six months ended June 30, 2019 and 2018 , respectively.
Share Options	Share Options Share options are granted to employees pursuant to the Long-Term Incentive Plan. The fair value of share options granted is estimated at the date of grant using the Black-Scholes option pricing model. Share options granted to employees vest over a period of four years and share option expense for these options is recognized on a straight-line basis over the vesting period. Expense recognized related to share options and included in general and administrative expense in the accompanying consolidated statements of income was $5 thousand and $147 thousand for the six months ended June 30, 2019 and 2018 , respectively.
Nonvested Shares Issued To Employees	Nonvested Shares Issued to Employees The Company grants nonvested shares to employees pursuant to both the Annual Incentive Program and the Long-Term Incentive Plan. The Company amortizes the expense related to the nonvested shares awarded to employees under the Long-Term Incentive Plan and the premium awarded under the nonvested share alternative of the Annual Incentive Program on a straight-line basis over the future vesting period (three or four years ). Expense recognized related to nonvested shares and included in general and administrative expense in the accompanying consolidated statements of income was $5.6 million and $6.9 million for the six months ended June 30, 2019 and 2018
Restricted Share Units Issued To Non-Employee Trustees	Restricted Share Units Issued to Non-Employee Trustees The Company issues restricted share units to non-employee Trustees for payment of their annual retainers under the Company's Trustee compensation program. The fair value of the share units granted was based on the share price at the date of grant. The share units vest upon the earlier of the day preceding the next annual meeting of shareholders or a change of control. The settlement date for the shares is selected by the non-employee Trustee, and ranges from one year from the grant date to upon termination of service. This expense is amortized by the Company on a straight-line basis over the year of service by the non-employee Trustees. Total expense recognized related to shares issued to non-employee Trustees was $851 thousand and $570 thousand for the six months ended June 30, 2019 and 2018 , respectively.
Derivative Instruments	Derivative Instruments The Company has entered into certain derivative instruments to reduce exposure to fluctuations in foreign currency exchange rates and variable interest rates. The Company has established policies and procedures for risk assessment and the approval, reporting and monitoring of derivative financial instrument activities. These derivatives consist of foreign currency forward contracts, cross-currency swaps and interest rate swaps. The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. For its net investment hedges, the Company has elected to assess hedge effectiveness using a method based on changes in spot exchange rates and record the changes in the fair value amounts excluded from the assessment of effectiveness into earnings on a systematic and rational basis. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company's policy is to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.
New Accounting Pronouncements, Policy [Policy Text Block]	Impact of Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments , which amends ASC Topic 326, Financial Instruments - Credit Losses . The ASU changes the methodology for measuring credit losses on financial instruments and timing of when such losses are recorded. The amendments in ASU No. 2016-13 require the Company to measure all expected credit losses based upon historical experience, current conditions and reasonable and supportable forecasts that affect the collectibility of financial assets and eliminates the incurred losses methodology under current U.S. GAAP. In addition, in November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses , which also amends ASC Topic 326, Financial Instruments - Credit Losses. The ASU states that operating lease receivables are not in the scope of Subtopic 326-20. In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. The ASU changes how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses.

Rental Properties (Tables)

Rental Properties (Tables)	6 Months Ended
	Jun. 30, 2019
Real Estate [Abstract]
Summary Of Carrying Amounts Of Rental Properties	The following table summarizes the carrying amounts of real estate investments as of June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 Buildings and improvements $ 5,068,006 $ 4,593,159 Furniture, fixtures & equipment 124,200 97,463 Land 1,334,805 1,190,568 Leasehold interests 26,041 26,041 6,553,052 5,907,231 Accumulated depreciation (954,806 ) (883,174 ) Total $ 5,598,246 $ 5,024,057

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2019
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Schedule Of Accounts Receivable	The following table summarizes the carrying amounts of accounts receivable as of June 30, 2019 and December 31, 2018 (in thousands): June 30, December 31, Receivable from tenants $ 6,601 $ 12,158 Receivable from non-tenants 6,383 1,379 Receivable from Sullivan County Infrastructure Revenue Bonds — 11,500 Straight-line rent receivable (1) 95,449 73,332 Total $ 108,433 $ 98,369 (1) At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.

Investments In Direct Financi_2

Investments In Direct Financing Lease (Tables)	6 Months Ended
	Jun. 30, 2019
Capital Leases, Net Investment in Direct Financing Leases [Abstract]
Summary Of Carrying Amounts Of Investments In Direct Financing Leases, Net	The following table summarizes the carrying amounts of investment in direct financing leases, net as of June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 Total minimum lease payments receivable $ 35,230 $ 36,352 Estimated unguaranteed residual value of leased assets 16,509 16,509 Less deferred income (1) (31,064 ) (32,303 ) Investment in direct financing leases, net $ 20,675 $ 20,558 (1) Deferred income is net of $0.3 million of initial direct costs at June 30, 2019 and December 31, 2018 .

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Summary of Derivative Instruments [Abstract]
Summary Of The Effect Of Derivative Instruments On The Consolidated Statements Of Changes In Equity And Income	Below is a summary of the effect of derivative instruments on the consolidated statements of changes in equity and income for the three and six months ended June 30, 2019 and 2018 . Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Income for the Three and Six Months Ended June 30, 2019 and 2018 (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Description 2019 2018 2019 2018 Cash Flow Hedges Interest Rate Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative $ (5,413 ) $ 2,115 $ (7,852 ) $ 6,893 Amount of Income Reclassified from AOCI into Earnings (1) 403 275 1,178 262 Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (165 ) 447 (476 ) 1,062 Amount of Income Reclassified from AOCI into Earnings (2) 157 621 291 1,175 Net Investment Hedges Cross-Currency Swaps Amount of Loss Recognized in AOCI on Derivative (1,057 ) (591 ) (4,896 ) (591 ) Amount of Income Recognized in Earnings (2) (3) 146 — 284 — Currency Forward Agreements Amount of Gain Recognized in AOCI on Derivative — 4,009 — 8,555 Amount of Expense Reclassified from AOCI into Earnings (2) — — — — Total Amount of (Loss) Gain Recognized in AOCI on Derivatives $ (6,635 ) $ 5,980 $ (13,224 ) $ 15,919 Amount of Income Reclassified from AOCI into Earnings 560 896 1,469 1,437 Amount of Income Recognized in Earnings 146 — 284 — Interest expense, net in accompanying consolidated statements of income $ 36,278 $ 34,079 $ 70,104 $ 68,416 Other income in accompanying consolidated statements of income $ 5,726 $ 646 $ 6,070 $ 1,276 (1) Included in "Interest expense, net" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . (2) Included in "Other income" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 . (3) Amounts represent derivative gains excluded from the effectiveness testing.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Assets Measured At Fair Value On A Recurring Basis	The table below presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018 aggregated by the level in the fair value hierarchy within which those measurements are classified and by derivative type. Assets and Liabilities Measured at Fair Value on a Recurring Basis at June 30, 2019 and December 31, 2018 (Dollars in thousands) Description Quoted Prices in Active Markets for Identical Assets (Level I) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Balance at end of period June 30, 2019 Cross-Currency Swaps* $ — $ 614 $ — $ 614 Interest Rate Swap Agreements** $ — $ (4,686 ) $ — $ (4,686 ) December 31, 2018 Cross-Currency Swaps* $ — $ 6,278 $ — $ 6,278 Interest Rate Swap Agreements* $ — $ 4,344 $ — $ 4,344 *Included in "Other assets" in the accompanying consolidated balance sheets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Computation Of Basic And Diluted Earnings Per Share	The following table summarizes the Company’s computation of basic and diluted earnings per share (EPS) for the three and six months ended June 30, 2019 and 2018 (amounts in thousands except per share information): Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Income (numerator) Shares (denominator) Per Share Amount Income Shares Per Share Basic EPS: Net income $ 66,594 $ 131,943 Less: preferred dividend requirements (6,034 ) (12,068 ) Net income available to common shareholders $ 60,560 76,164 $ 0.80 $ 119,875 75,426 $ 1.59 Diluted EPS: Net income available to common shareholders $ 60,560 76,164 $ 119,875 75,426 Effect of dilutive securities: Share options — 35 — 41 Net income available to common shareholders $ 60,560 76,199 $ 0.79 $ 119,875 75,467 $ 1.59 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 91,581 $ 121,119 Less: preferred dividend requirements (6,036 ) (12,072 ) Net income available to common shareholders $ 85,545 74,329 $ 1.15 $ 109,047 74,238 $ 1.47 Diluted EPS: Net income available to common shareholders $ 85,545 74,329 $ 109,047 74,238 Effect of dilutive securities: Share options — 36 — 35 Net income available to common shareholders $ 85,545 74,365 $ 1.15 $ 109,047 74,273 $ 1.47

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Summary Of Share Option Activity	A summary of the Company’s share option activity and related information is as follows: Number of options Option price per share Weighted avg. exercise price Outstanding at December 31, 2018 234,875 $ 19.02 — $ 76.63 $ 51.98 Exercised (117,013 ) 19.02 — 61.79 48.59 Granted 1,941 73.84 — 73.84 73.84 Outstanding at June 30, 2019 119,803 $ 44.62 — $ 76.63 $ 55.65
Summary Of Outstanding Options	The following table summarizes outstanding options at June 30, 2019 : Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 31,673 2.6 50.00 - 59.99 32,268 5.0 60.00 - 69.99 51,706 5.6 70.00 - 76.63 4,156 8.6 119,803 4.8 $ 55.65 $ 2,274
Summary Of Exercisable Options	The following table summarizes exercisable options at June 30, 2019 : Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 31,673 2.6 50.00 - 59.99 29,392 4.6 60.00 - 69.99 51,706 5.6 70.00 - 76.63 1,108 7.7 113,879 4.5 $ 55.10 $ 2,221
Summary Of Nonvested Share Activity	A summary of the Company’s nonvested share activity and related information is as follows: Number of shares Weighted avg. grant date fair value Weighted avg. life remaining Outstanding at December 31, 2018 655,056 $ 64.16 Granted 208,755 74.13 Vested (337,910 ) 64.61 Forfeited (8,328 ) 66.38 Outstanding at June 30, 2019 517,573 $ 67.86 1.36
Summary Of Restricted Share Unit Activity	A summary of the Company’s restricted share unit activity and related information is as follows: Number of shares Weighted avg. grant date fair value Weighted avg. life remaining Outstanding at December 31, 2018 23,571 $ 61.25 Granted 27,392 77.19 Vested (24,727 ) 61.62 Outstanding at June 30, 2019 26,236 $ 77.54 0.92

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Reportable Operating Segments	Segment Information The Company groups investments into four reportable operating segments: Entertainment, Recreation, Education and Other. The financial information summarized below is presented by reportable operating segment (in thousands): Balance Sheet Data: As of June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Total Assets $ 2,838,006 $ 2,361,764 $ 1,322,527 $ 198,239 $ 26,119 $ 6,746,655 As of December 31, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Total Assets $ 2,344,855 $ 2,187,808 $ 1,366,278 $ 207,724 $ 24,725 $ 6,131,390 Operating Data: Three Months Ended June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 83,718 $ 42,886 $ 28,059 $ 2,667 $ — $ 157,330 Other income 1,575 3,848 — — 303 5,726 Mortgage and other financing income 107 8,654 3,881 — — 12,642 Total revenue 85,400 55,388 31,940 2,667 303 175,698 Property operating expense 9,871 2,729 1,056 888 227 14,771 Other expense 1,029 7,062 — — — 8,091 Total investment expenses 10,900 9,791 1,056 888 227 22,862 Net operating income - before unallocated items 74,500 45,597 30,884 1,779 76 152,836 Reconciliation to Consolidated Statements of Income: General and administrative expense (12,230 ) Interest expense, net (36,278 ) Transaction costs (6,923 ) Depreciation and amortization (42,355 ) Equity in income from joint ventures 470 Gain on sale of real estate 9,774 Income tax benefit 1,300 Net income 66,594 Preferred dividend requirements (6,034 ) Net income available to common shareholders of EPR Properties $ 60,560 Operating Data: Three Months Ended June 30, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 74,640 $ 34,443 $ 25,649 $ 2,287 $ — $ 137,019 Other income 4 — — — 642 646 Mortgage and other financing income 2,100 57,540 5,562 — — 65,202 Total revenue 76,744 91,983 31,211 2,287 642 202,867 Property operating expense 5,816 24 644 689 161 7,334 Total investment expenses 5,816 24 644 689 161 7,334 Net operating income - before unallocated items 70,928 91,959 30,567 1,598 481 195,533 Reconciliation to Consolidated Statements of Income: General and administrative expense (12,976 ) Litigation settlement expense (2,090 ) Costs associated with loan refinancing or payoff (15 ) Interest expense, net (34,079 ) Transaction costs (405 ) Impairment charges (16,548 ) Depreciation and amortization (37,582 ) Equity in loss from joint ventures (88 ) Gain on sale of real estate 473 Income tax expense (642 ) Net income 91,581 Preferred dividend requirements (6,036 ) Net income available to common shareholders of EPR Properties $ 85,545 Operating Data: Six Months Ended June 30, 2019 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 164,231 $ 83,415 $ 54,766 $ 5,641 $ — $ 308,053 Other income 1,585 3,909 — — 576 6,070 Mortgage and other financing income 163 17,966 7,988 — — 26,117 Total revenue 165,979 105,290 62,754 5,641 576 340,240 Property operating expense 20,496 5,463 2,168 1,977 460 30,564 Other expense 1,029 7,062 — — — 8,091 Total investment expenses 21,525 12,525 2,168 1,977 460 38,655 Net operating income - before unallocated items 144,454 92,765 60,586 3,664 116 301,585 Reconciliation to Consolidated Statements of Income: General and administrative expense (24,360 ) Interest expense, net (70,104 ) Transaction costs (12,046 ) Depreciation and amortization (82,098 ) Equity in income from joint ventures 959 Gain on sale of real estate 16,102 Income tax benefit 1,905 Net income 131,943 Preferred dividend requirements (12,068 ) Net income available to common shareholders of EPR Properties $ 119,875 Operating Data: Six Months Ended June 30, 2018 Entertainment Recreation Education Other Corporate/Unallocated Consolidated Rental revenue $ 149,488 $ 67,875 $ 48,034 $ 4,546 $ — $ 269,943 Other income 4 62 — — 1,210 1,276 Mortgage and other financing income 2,902 71,245 12,469 — — 86,616 Total revenue 152,394 139,182 60,503 4,546 1,210 357,835 Property operating expense 12,045 57 1,473 1,003 320 14,898 Total investment expenses 12,045 57 1,473 1,003 320 14,898 Net operating income - before unallocated items 140,349 139,125 59,030 3,543 890 342,937 Reconciliation to Consolidated Statements of Income: General and administrative expense (25,300 ) Litigation settlement expense (2,090 ) Costs associated with loan refinancing or payoff (31,958 ) Interest expense, net (68,416 ) Transaction costs (1,014 ) Impairment charges (16,548 ) Depreciation and amortization (75,266 ) Equity in loss from joint ventures (37 ) Gain on sale of real estate 473 Income tax expense (1,662 ) Net income 121,119 Preferred dividend requirements (12,072 ) Net income available to common shareholders of EPR Properties $ 109,047

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The following table summarizes the future minimum lease payments under the ground lease obligations and the office lease at June 30, 2019 and December 31, 2018 , excluding contingent rent due under leases where the ground lease payment, or a portion thereof, is based on the level of the tenant's sales (in thousands): June 30, 2019 December 31, 2018 (3) Ground Leases (1) Office lease (2) Ground Leases Office lease (2) Year: 2019 $ 11,973 $ 428 $ 22,867 $ 856 2020 24,341 856 23,236 856 2021 24,785 884 23,600 884 2022 24,217 967 22,996 967 2023 23,560 967 22,303 967 Thereafter 270,047 2,658 257,446 2,658 Total lease payments $ 378,923 $ 6,760 $ 372,448 $ 7,188 Less: imputed interest 139,261 1,050 Present value of lease liabilities $ 239,662 $ 5,710 (1) Included in property operating expense. (2) Included in general and administrative expense. (3) Balances as of December 31, 2018 are prior to the adoption of Topic 842.
Lease, Cost [Table Text Block]	The following table summarizes the lease costs and sublease income for the three and six months ended June 30, 2019 (in thousands): Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease Cost Operating ground lease cost Property operating expense $ 6,065 $ 12,003 Operating office lease cost General and administrative expense 226 456 Sublease income Rental revenue (5,835 ) (11,558 ) Net lease cost $ 456 $ 901
Lessee, Operating Lease, Disclosure [Table Text Block]	Operating Leases The Company’s real estate investments are leased under operating leases with remaining terms ranging from one year to 31 years . As described in Note 2, the Company adopted Topic 842 on January 1, 2019 and elected to not reassess its prior conclusions about lease classification. Accordingly, these lease arrangements continue to be classified as operating leases. The following table summarizes the future minimum rentals on the Company's lessor and sub-lessor arrangements at June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 (2) Operating leases Sub-lessor operating ground leases Operating leases Amount (1) Amount (1) Total Amount (1) Year: 2019 $ 279,551 $ 11,631 $ 291,182 $ 520,139 2020 548,065 23,724 571,789 503,344 2021 537,074 24,120 561,194 492,165 2022 522,442 23,547 545,989 477,671 2023 494,157 22,887 517,044 449,686 Thereafter 4,484,878 252,113 4,736,991 3,953,717 Total $ 6,866,167 $ 358,022 $ 7,224,189 $ 6,396,722 (1) Included in rental revenue. (2) Balances as of December 31, 2018 are prior to the adoption of Topic 842. In addition to its lessor arrangements on its real estate investments, as of June 30, 2019 and December 31, 2018, the Company was lessee in 58 operating ground leases as well as lessee in an operating lease of its executive office. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these ground leases. In the event the tenant fails to pay the ground lease rent, the Company would be primarily responsible for the payment, assuming the Company does not sell or re-tenant the property. As of June 30, 2019 , the ground lease arrangements have remaining terms ranging from two years to 47 years . Most of these leases include one or more options to renew. The Company assesses these options using a threshold of reasonably certain, which also includes an assessment of the term of the Company's tenants' leases. For leases where renewal is reasonably certain, those option periods are included within the lease term and also the measurement of the operating lease right-of-use asset and liability. The ground lease arrangements do not contain any residual value guarantees or any material restrictions. As of June 30, 2019 , the Company does not have any leases that have not commenced but that create significant rights and obligations. The Company determines whether an arrangement is or includes a lease at contract inception. Operating lease right-of-use assets and liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term. As the Company's leases do not provide an implicit rate, the Company used its incremental borrowing rate adjusted for related collateral based on the information available at adoption or the commencement date in determining the present value of lease payments. The following table summarizes the future minimum lease payments under the ground lease obligations and the office lease at June 30, 2019 and December 31, 2018 , excluding contingent rent due under leases where the ground lease payment, or a portion thereof, is based on the level of the tenant's sales (in thousands): June 30, 2019 December 31, 2018 (3) Ground Leases (1) Office lease (2) Ground Leases Office lease (2) Year: 2019 $ 11,973 $ 428 $ 22,867 $ 856 2020 24,341 856 23,236 856 2021 24,785 884 23,600 884 2022 24,217 967 22,996 967 2023 23,560 967 22,303 967 Thereafter 270,047 2,658 257,446 2,658 Total lease payments $ 378,923 $ 6,760 $ 372,448 $ 7,188 Less: imputed interest 139,261 1,050 Present value of lease liabilities $ 239,662 $ 5,710 (1) Included in property operating expense. (2) Included in general and administrative expense. (3) Balances as of December 31, 2018 are prior to the adoption of Topic 842. The following table summarizes the carrying amounts of the operating lease right-of-use assets and liabilities as of June 30, 2019 (in thousands): As of Classification June 30, 2019 Assets: Operating ground lease assets Operating lease right-of-use assets $ 215,244 Office lease asset Operating lease right-of-use assets 5,514 Total operating lease right-of-use assets $ 220,758 Sub-lessor straight-line rent receivable Accounts receivable 24,843 Total leased assets $ 245,601 Liabilities: Operating ground lease liabilities Operating lease liabilities $ 239,662 Office lease liability Operating lease liabilities 5,710 Total lease liabilities $ 245,372 The following table summarizes the lease costs and sublease income for the three and six months ended June 30, 2019 (in thousands): Classification Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease Cost Operating ground lease cost Property operating expense $ 6,065 $ 12,003 Operating office lease cost General and administrative expense 226 456 Sublease income Rental revenue (5,835 ) (11,558 ) Net lease cost $ 456 $ 901 The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate as of June 30, 2019 : As of June 30, 2019 Weighted-average remaining lease term in years Operating ground leases 17.0 Operating office lease 7.3 Weighted-average discount rate Operating ground leases 4.95 % Operating office lease 4.62 %
Lessee, Operating Leases [Text Block]	The following table summarizes the carrying amounts of the operating lease right-of-use assets and liabilities as of June 30, 2019 (in thousands): As of Classification June 30, 2019 Assets: Operating ground lease assets Operating lease right-of-use assets $ 215,244 Office lease asset Operating lease right-of-use assets 5,514 Total operating lease right-of-use assets $ 220,758 Sub-lessor straight-line rent receivable Accounts receivable 24,843 Total leased assets $ 245,601 Liabilities: Operating ground lease liabilities Operating lease liabilities $ 239,662 Office lease liability Operating lease liabilities 5,710 Total lease liabilities $ 245,372

Operating Leases Operating Leas

Operating Leases Operating Leases, Lessor (Tables)	6 Months Ended
	Jun. 30, 2019
Lessor, Lease, Description [Line Items]
operating lease, weighted average discount rate and remaining lease term [Text Block]	The following table summarizes the weighted-average remaining lease term and the weighted-average discount rate as of June 30, 2019 : As of June 30, 2019 Weighted-average remaining lease term in years Operating ground leases 17.0 Operating office lease 7.3 Weighted-average discount rate Operating ground leases 4.95 % Operating office lease 4.62 %
Lessor, Operating Leases [Text Block]	The following table summarizes the future minimum rentals on the Company's lessor and sub-lessor arrangements at June 30, 2019 and December 31, 2018 (in thousands): June 30, 2019 December 31, 2018 (2) Operating leases Sub-lessor operating ground leases Operating leases Amount (1) Amount (1) Total Amount (1) Year: 2019 $ 279,551 $ 11,631 $ 291,182 $ 520,139 2020 548,065 23,724 571,789 503,344 2021 537,074 24,120 561,194 492,165 2022 522,442 23,547 545,989 477,671 2023 494,157 22,887 517,044 449,686 Thereafter 4,484,878 252,113 4,736,991 3,953,717 Total $ 6,866,167 $ 358,022 $ 7,224,189 $ 6,396,722 (1) Included in rental revenue. (2) Balances as of December 31, 2018 are prior to the adoption of Topic 842.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Document Period End Date			Jun. 30, 2019
Operating Segments
Number of Reportable Operating Segments | segment			4
Revenue Recognition [Abstract]
Straight Line Rent			$ 5,600	$ 3,900
Straight line rent write off			1,400	0
Percentage rents			5,500	3,000
Mortgage And Other Participating Interest Income			0	0
Concentrations of Risk [Abstract]
Rental revenue	$ 157,330	$ 137,019	308,053	269,943
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation			$ 6,563	7,608
Share based compensation, future vesting period minimum (in years)			4 years
Range of settlement date for shares for non-employee trustee from grant date, minimum (in years)			1 year
Share based compensation expense related to employees and trustees			$ 21
Deferred Costs	32,000		32,000		$ 33,900
Accounts Receivable, Allowance for Credit Loss, Writeoff			300
Prepaymentfee			900	47,300
Recovery of Direct Costs			$ 7,700	7,700
American Multi-Cinema, Inc. [Member]
Concentrations of Risk [Abstract]
Percent of megaplex theatre rental leased by AMC			30.00%
Rental revenue			$ 61,400	$ 57,400
Percentage of lease revenue in total revenue			18.00%	16.00%
TopGolf [Member]
Concentrations of Risk [Abstract]
Percent of megaplex theatre rental leased by AMC			42.00%
Rental revenue			$ 37,700	$ 30,400
Percentage of lease revenue in total revenue			11.10%	8.50%
Minimum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)			3 years
Maximum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)			4 years
Building [Member] | Minimum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			30 years
Building [Member] | Maximum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			40 years
Furniture, fixtures & equipment [Member] | Minimum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			3 years
Furniture, fixtures & equipment [Member] | Maximum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			25 years
Building Improvements [Member] | Minimum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			10 years
Building Improvements [Member] | Maximum [Member]
Rental Properties [Abstract]
Estimated useful live of buildings (in years)			20 years
Share Options [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)			4 years
Stock-option expense			$ 5	$ 147
Restricted Stock [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation expense related to employees and trustees			$ 5,600	6,900
Restricted Stock [Member] | Minimum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)			3 years
Restricted Stock [Member] | Maximum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)			4 years
Restricted Share Units [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Range of settlement date for shares for non-employee trustee from grant date, minimum (in years)			1 year
Restricted Share Units [Member] | Non-Employee Trustees [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation expense related to employees and trustees			$ 851	$ 570
Revolving Credit Facility [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Deferred Costs	$ 4,300		4,300		$ 5,000
triple-net lessor costs [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Recovery of Direct Costs			$ 4,300

Rental Properties (Summary Of C

Rental Properties (Summary Of Carrying Amounts Of Rental Properties) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Real Estate Properties [Line Items]
Carrying amounts of rental properties	$ 6,553,052		$ 5,907,231
Accumulated depreciation	(954,806)		(883,174)
Total	5,598,246		5,024,057
Depreciation expense on rental properties	79,200	$ 72,900
Building and improvements [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	5,068,006		4,593,159
Furniture, fixtures & equipment [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	124,200		97,463
Land [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	1,334,805		1,190,568
Leaseholds and Leasehold Improvements [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	$ 26,041		$ 26,041

Investments and Dispositions (D

Investments and Dispositions (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Real Estate Properties [Line Items]
Payments to Acquire Productive Assets			$ 566,500
Gain on sale of real estate	$ 9,774	$ 473	16,102	$ 473
recreation and education properties [Member]
Real Estate Properties [Line Items]
Proceeds from Sale of Property, Plant, and Equipment			25,900
Gain on sale of real estate			2,500
Entertainment Reportable Operating Segment [Member]
Real Estate Properties [Line Items]
Payments to Acquire Productive Assets			$ 429,500
Entertainment Reportable Operating Segment [Member] | Theatre Properties [Member]
Real Estate Properties [Line Items]
Number of properties acquired (in properties)			24
Payments to Acquire Productive Assets			$ 377,800
Recreation Reportable Operating Segment [Member]
Real Estate Properties [Line Items]
Payments to Acquire Productive Assets			$ 101,000
number of properties sold			1
Recreation Reportable Operating Segment [Member] | Attraction Properties [Member]
Real Estate Properties [Line Items]
Number of properties acquired (in properties)			2
Payments to Acquire Productive Assets			$ 24,000
Education Reportable Operating Segment [Member]
Real Estate Properties [Line Items]
Payments to Acquire Productive Assets			$ 35,800
number of properties sold			5
Education Reportable Operating Segment [Member] | early education center [Member]
Real Estate Properties [Line Items]
Number of properties acquired (in properties)			1
Payments to Acquire Productive Assets			$ 2,600
Education Reportable Operating Segment [Member] | Public charter school properties [Member]
Real Estate Properties [Line Items]
number of properties sold			6
Proceeds from Sale of Property, Plant, and Equipment			$ 70,000
Gain on sale of real estate			13,600
Other Reportable Operating Segment [Member]
Real Estate Properties [Line Items]
Payments to Acquire Productive Assets			200
Adelaar Infrastructure [Member]
Real Estate Properties [Line Items]
Special Assessment Bond	$ 110,000		110,000
Reimbursement received from payment of economic development revenue bonds			$ 11,500		$ 74,200

Accounts Receivable, Net (Sched

Accounts Receivable, Net (Schedule Of Accounts Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2019		Jan. 01, 2019	Dec. 31, 2018	Mar. 31, 2018
Revenue Bond Receivable	$ 0			$ 11,500
Straight-Line Rent Receivable	95,449	[1]		73,332
Total	108,433			98,369
Tenants [Member]
Total	6,601			12,158
Non-Tenants [Member]
Carrying amounts of accounts receivable	6,383			$ 1,379
Ground Lease Arrangement [Member]
Straight-Line Rent Receivable	$ 24,843		$ 24,454		$ 0
[1]	At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.

Investments In Direct Financi_3

Investments In Direct Financing Lease (Narrative) (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)yearsproperties	Dec. 31, 2018USD ($)properties	Jul. 26, 2018USD ($)
Investment in direct financing leases, net	$ 20,675	$ 20,558	$ 37,900
Capital Leases, Net Investment in Direct Financing Leases, Initial Direct Costs	$ 300	300
Document Period End Date	Jun. 30, 2019
Future Minimum Rentals Receivable	The Company’s direct financing leases have expiration dates ranging from approximately 12 to 13 years. Future minimum rentals receivable on these direct financing leases at June 30, 2019 are as follows (in thousands): Amount Year: 2019 $ 1,143 2020 2,333 2021 2,403 2022 2,475 2023 2,550 Thereafter 24,326 Total $ 35,230
Imagine Schools Member
Proceeds from Sale of Finance Receivables		43,400
original acquisition cost		$ 31,600
Number of public charter school properties (in properties) | properties	2	2
number of properties sold		4
gain on sale of investment in direct financing lease		$ 5,500
Maximum [Member]
Length of lease (in years) | years	13

Investments In Direct Financi_4

Investments In Direct Financing Lease (Summary Of Carrying Amounts Of Investment In Direct Financing Lease, Net) (Details) $ in Thousands		6 Months Ended
		Jun. 30, 2019USD ($)years	Dec. 31, 2018USD ($)	Jul. 26, 2018USD ($)
Document Period End Date		Jun. 30, 2019
Total minimum lease payments receivable		$ 35,230	$ 36,352
Estimated unguaranteed residual value of leased assets		16,509	16,509
Less deferred income	[1]	(31,064)	(32,303)
Investment in direct financing leases, net		20,675	20,558	$ 37,900
Capital Leases, Net Investment in Direct Financing Leases, Initial Direct Costs		$ 300	$ 300
Minimum [Member]
Length of lease (in years) | years		12
Maximum [Member]
Length of lease (in years) | years		13
[1]	Deferred income is net of $0.3 million of initial direct costs at June 30, 2019 and December 31, 2018 .

Investments In Direct Financi_5

Investments In Direct Financing Lease (Future Minimum Rentals Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Capital Leases, Net Investment in Direct Financing Leases [Abstract]
2019	$ 1,143
2020	2,333
2021	2,403
2022	2,475
2023	2,550
Thereafter	24,326
Total	$ 35,230	$ 36,352

Issuance of Common Shares (Deta

Issuance of Common Shares (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)shares	Jun. 30, 2018USD ($)	Dec. 31, 2018shares
Class of Stock [Line Items]
Common Shares, shares authorized	15,000,000
Common Stock, Shares, Issued	80,677,733		77,226,443
Net proceeds from issuance of common shares | $	$ 231,407	$ 530
Common And Preferred Shares Disclosure [Text Block]	On June 3, 2019, the Company filed a shelf registration statement with the SEC, which is effective for a term of three years. The securities covered by this registration statement include common shares, preferred shares, debt securities, depositary shares, warrants, and units. The Company may periodically offer one of more of these securities in amounts, prices and on terms to be announced when and if these securities are offered. The specifics of any future offerings along with the use of proceeds of any securities offered, will be described in detail in a prospectus supplement, or other offering materials, at the time of any offering. Additionally, on June 3, 2019, the Company filed a shelf registration statement with the SEC, which is effective for a term of three years, for its Dividend Reinvestment and Direct Share Purchase Plan (DSPP) which permits the issuance of up to 15,000,000 common shares. During the six months ended June 30, 2019 , the Company issued an aggregate of 3,098,130 common shares under its DSPP for net proceeds of $236.6 million
shelf registration effective term	3
direct share purchase plan [Member]
Class of Stock [Line Items]
Common Stock, Shares, Issued	3,098,130
Net proceeds from issuance of common shares | $	$ 236,600

Unconsolidated Real Estate Jo_2

Unconsolidated Real Estate Joint Ventures (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)properties	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)properties	Jun. 30, 2018USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in income from joint ventures	$ 470,000	$ (88,000)	$ 959,000	$ (37,000)
Proceeds from Equity Method Investment, Distribution			112,000	567,000
St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity in income from joint ventures			1,100,000	0
Proceeds from Equity Method Investment, Distribution			$ 0
Equity Method Investment, Ownership Percentage	65.00%		65.00%
Equity Method Investment, Partner's Ownership Percentage	35.00%		35.00%
Number of unconsolidated real estate joint ventures | properties	2		2
Carrying Amount Joint Venture Mortgage Loan	$ 61,200,000		$ 61,200,000		$ 60,000,000
Remaining Availability Joint Venture Mortgage Loan	23,800,000		23,800,000
Long Term Funding Commitment For Project Development	$ 14,600,000		$ 14,600,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	6.00%		6.00%
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.75%		3.75%
Maximum Availability Joint Venture Mortgage Loan	$ 85,000,000		$ 85,000,000
Theatre Project China Member
Schedule of Equity Method Investments [Line Items]
Equity in income from joint ventures			106,000	37,000
Proceeds from Equity Method Investment, Distribution			112,000	$ 567,000
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures	$ 4,700,000		$ 4,700,000			$ 4,900,000
Number of unconsolidated real estate joint ventures | properties	3		3
Recreation Reportable Operating Segment [Member] | Recreation Anchored Lodging [Member] | St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures	$ 30,900,000		$ 30,900,000			$ 29,500,000
Interest Rate Swap [Member] | St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Derivative, Fixed Interest Rate	3.00%		3.00%

Variable Interest Entities (Nar

Variable Interest Entities (Narrative) (Details) $ in Thousands	Jul. 01, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Investment In Unconsolidated Variable Interest Entities		$ 193,900
Unconsolidated investment maximum exposure to loss		193,900
Proceeds from Sale and Collection of Mortgage Notes Receivable		1,954	$ 196,038
Recreation Reportable Operating Segment [Member] | Recreation Anchored Lodging [Member]
Unconsolidated investment maximum exposure to loss		$ 30,900
SVVI [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Number of Real Estate Properties		3
Education Property Member | Education Reportable Operating Segment [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Number of Real Estate Properties		1
St. Petersburg Joint Venture [Member]
Long Term Funding Commitment For Project Development		$ 14,600
St. Petersburg Joint Venture [Member] | Recreation Anchored Lodging [Member]
Number of properties securing unconsolidated variable interest entity		2
Subsequent Event [Member] | SVVI [Member]
Number of Real Estate Properties	3
Proceeds from Sale and Collection of Mortgage Notes Receivable	$ 189,700

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)swap_agreements	Jun. 30, 2019CAD ($)	Dec. 31, 2018USD ($)
credit risk related contingent features default on debt amount		$ 50
Derivative Liability, Fair Value, Gross Liability	$ 4.7		$ 0
Derivative Asset, Fair Value, Gross Asset	0.6		$ 10.6
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	4.3
Cash Flow Hedging [Member]
Estimated amount to be reclassified from accumulated other comprehensive income to other expense in the next twelve months	0.4
Interest Rate Risk [Member]
Estimated amount to be reclassified from accumulated other comprehensive income to other expense in the next twelve months	0.9
Cross Currency Swaps 2020 [Member]
Derivative, Notional Amount	$ 79.5	$ 100
Net exchange rate, CAD to US dollar	1.26	1.26
Foreign currency exposure	$ 13.5
Currency Forward Agreements [Member]
Number of Canadian properties exposed to foreign currency exchange risk (in properties)	4
Cross Currency Swap 2023 [Member] | Net Investment Hedging [Member]
Derivative, Notional Amount		$ 200
Net exchange rate, CAD to US dollar	1.32	1.32
Foreign currency exposure	$ 4.5
Number of Foreign Currency Derivatives Held	2	2
interest rate swap 3.15percent [Member] | Interest Rate Swap [Member]
Number of entered into interest rate swap agreements (in interest rate swaps) | swap_agreements	3
Derivative fixed interest rate	3.15%	3.15%
interest rate swap 3.15percent [Member] | Maximum [Member] | Interest Rate Swap [Member]
Derivative, Notional Amount	$ 350
interest rate swap 3.35 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	3.35%	3.35%
interest rate swap 3.35 percent [Member] | Minimum [Member] | Interest Rate Swap [Member]
Derivative, Notional Amount	$ 50

Derivative Instruments (Summary

Derivative Instruments (Summary Of The Effect Of Derivative Instruments On The Consolidated Statements Of Changes In Equity And Income) (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		$ (6,635)		$ 5,980	$ (13,224)	$ 15,919
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net		146		0	284	0
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)		560		896	1,469	1,437
Interest Expense		36,278		34,079	70,104	68,416
Other Income		5,726		646	6,070	1,276
Interest Rate Swap [Member]
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)	[1]	403		275	1,178	262
Cross Currency Swaps [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		(165)		447	(476)	1,062
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)	[2]	157		621	291	1,175
Cross Currency Swap 2023 [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		(1,057)		(591)	(4,896)	(591)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	[2]	146	[3]	0	284	0
Currency Forward Agreements [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		0		4,009	0	8,555
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)	[2]	0		0	0	0
Interest Expense [Member] | Interest Rate Swap [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		$ (5,413)		$ 2,115	$ (7,852)	$ 6,893
[1]	(1) Included in "Interest expense, net" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 .
[2]	Included in "Other income" in the accompanying consolidated statements of income for the three and six months ended June 30, 2019 and 2018 .
[3]	(3) Amounts represent derivative gains excluded from the effectiveness testing.

Fair Value Disclosures (Assets

Fair Value Disclosures (Assets and Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018	Jul. 26, 2018
Long-term Debt		$ 3,216,623	$ 2,986,054
Net Investment in Direct Financing and Sales Type Leases		20,675	20,558	$ 37,900
Derivative Asset, Fair Value, Gross Asset		600	10,600
Derivative Liability, Fair Value, Gross Liability		4,700	0
Fair Value, Recurring [Member] | Cross Currency Swaps [Member]
Derivative Asset, Fair Value, Gross Asset	[1]	614	6,278
Fair Value, Recurring [Member] | Cross Currency Swaps [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Asset, Fair Value, Gross Asset	[1]	614	6,278
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivative Asset, Fair Value, Gross Asset	[1]		(4,344)
Derivative Liability, Fair Value, Gross Liability	[2]	4,686
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Asset, Fair Value, Gross Asset	[1]		(4,344)
Derivative Liability, Fair Value, Gross Liability	[2]	4,686
Imagine Schools Remaining in DFL [Member]
Net Investment in Direct Financing and Sales Type Leases		20,700	20,600
Variable Rate Converted to Fixed Rate [Member]
Long-term Debt		$ 400,000	$ 350,000
[1]	Included in "Other assets" in the accompanying consolidated balance sheets.
[2]	Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets.

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Jul. 26, 2018
Mortgage notes and related accrued interest receivable	$ 550,131	$ 517,467
Investment in direct financing leases, net	$ 20,675	$ 20,558	$ 37,900
Finance lease investment weighted average interest rate	12.04%	12.04%
Minimum interest on investments in direct finance lease	11.93%	11.93%
Maximum interest on investments in direct finance lease	12.38%	12.38%
Debt	$ 3,216,623	$ 2,986,054
Fixed Rate Mortgage Notes Receivable [Member]
Mortgage notes and related accrued interest receivable	$ 550,100	$ 517,500
Weighted average interest rate of mortgage notes receivable	8.68%	8.67%
Receivable interest rate minimum	7.00%	7.00%
Receivable interest rate maximum	11.61%	11.43%
Weighted market rate used for determining future cash flow for notes receivable	8.63%	8.68%
Fair value of notes receivable	$ 581,500	$ 544,600
Variable Rate Debt [Member]
Debt	$ 683,600	$ 455,000
Long-term debt, weighted average interest rate	3.25%	2.84%
Variable Rate Converted to Fixed Rate [Member]
Debt	$ 400,000	$ 350,000
Fixed Rate Debt [Member]
Debt	$ 2,570,000	$ 2,570,000
Long-term debt, weighted average interest rate	4.86%	4.86%
Weighted market rate for determining fair value of debt	3.76%	4.69%
Long-term Debt, Fair Value	$ 2,700,000	$ 2,570,000
Minimum [Member] | Fixed Rate Mortgage Notes Receivable [Member]
market rate used as discount factor to determine fair value of notes	7.50%	7.50%
Minimum [Member] | Fixed Rate Debt [Member]
market rate used as discount factor to determine fair value of debt	3.14%	3.48%
Maximum [Member] | Fixed Rate Mortgage Notes Receivable [Member]
market rate used as discount factor to determine fair value of notes	10.00%	10.00%
Maximum [Member] | Fixed Rate Debt [Member]
market rate used as discount factor to determine fair value of debt	4.56%	4.99%
Imagine Schools Member
Investment in direct financing leases, net	$ 20,700	$ 20,600

Earnings Per Share (Computation

Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic EPS:
Income from continuing operations	$ 66,594	$ 91,581	$ 131,943	$ 121,119
Less: preferred dividend requirements	(6,034)	(6,036)	(12,068)	(12,072)
Net income available to common shareholders of EPR Properties	$ 60,560	$ 85,545	$ 119,875	$ 109,047
Weighted average number of shares outstanding, basic	76,164	74,329	75,426	74,238
Net income available to common shareholders (in dollars per share)	$ 0.80	$ 1.15	$ 1.59	$ 1.47
Diluted EPS:
Share options (in shares)	35	36	41	35
Weighted average number of shares outstanding, diluted	76,199	74,365	75,467	74,273
Net income available to common shareholders, diluted	$ 60,560	$ 85,545	$ 119,875	$ 109,047
Net income available to common shareholders (in dollars per share)	$ 0.79	$ 1.15	$ 1.59	$ 1.47

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Series C Cumulative Convertible Preferred Share [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	2,200	2,100	2,200	2,100
Preferred share dividend percentage	5.75%	5.75%	5.75%
Series E Cumulative Convertible Preferred Share [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	1,600	1,600	1,600	1,600
Preferred share dividend percentage	9.00%	9.00%	9.00%	9.00%
Share Options [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	4	86
Minimum [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 73.84			$ 56.94
Maximum [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 76.63			$ 76.63

Equity Incentive Plans (Summary

Equity Incentive Plans (Summary Of Share Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	May 12, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	117,013
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 48.59
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	4 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	113,879
Maximum term of options granted (in years)	10 years
Exercisable rate for employees options, per year	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at Beginning of Period	234,875
Number of Shares, Granted	1,941
Number of Shares, Outstanding at End of Period	119,803
Average Exercise Price, Outstanding at Beginning of Period	$ 55.65		$ 51.98
Average Exercise Price, Outstanding at End of Period	55.65		51.98
Weighted average fair value of options granted	$ 4.64	$ 3.03
Intrinsic value of stock options exercised	$ 2,700	$ 100
Share based compensation expenses recognized in future periods	$ 21
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 73.84
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Price Per Share	19.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option Price Per Share, Outstanding at Beginning of Period	44.62		19.02
Option Price Per Share, Outstanding at End of Period	44.62		19.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Price Per Share	73.84
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Price Per Share	61.79
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option Price Per Share, Outstanding at Beginning of Period	76.63		76.63
Option Price Per Share, Outstanding at End of Period	76.63		$ 76.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Price Per Share	$ 73.84
Share Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Stock-option expense	$ 5	$ 147
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	2.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	19.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Forfeiture Rate	0.75%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years
Share Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	6.70%
2016 Equity Incentive Plan [Member]
Common shares, options to purchase common shares and restricted share units, expected to granted (in shares)				1,950,000
Number of shares available for grant (in shares)	1,091,880
Forty Four Point Sixty Two To Forty Nine Point Nine Nine [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	31,673
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	31,673
Fifty To Fifty Nine Point Nine Nine Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	4 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	29,392
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	32,268
Sixty To Sixty Five Point Five Zero Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	5 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	51,706
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	51,706
Seventy To Seventy Six Point Six Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	8 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	7 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,108
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	4,156

Equity Incentive Plans (Summa_2

Equity Incentive Plans (Summary Of Outstanding Options) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	113,879	113,879
Options outstanding (in shares)	119,803	119,803		234,875
Weighted avg. life remaining (in years)		4 years 9 months 18 days
Weighted avg. exercise price	$ 55.65	$ 55.65		$ 51.98
Aggregate intrinsic value	$ 2,274	$ 2,274
Share Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate		19.10%
Minimum [Member]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 73.84		$ 56.94
Minimum [Member] | Share Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		6.70%
Maximum [Member]
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 76.63		$ 76.63
Forty Four Point Sixty Two To Forty Nine Point Nine Nine [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	31,673	31,673
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit		$ 44.62
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit		$ 49.99
Options outstanding (in shares)	31,673	31,673
Weighted avg. life remaining (in years)		2 years 7 months 6 days
Fifty To Fifty Nine Point Nine Nine Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	29,392	29,392
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit		$ 50
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit		$ 59.99
Options outstanding (in shares)	32,268	32,268
Weighted avg. life remaining (in years)		5 years
Sixty To Sixty Five Point Five Zero Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	51,706	51,706
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit		$ 60
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit		$ 69.99
Options outstanding (in shares)	51,706	51,706
Weighted avg. life remaining (in years)		5 years 7 months 6 days
Seventy To Seventy Six Point Six Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,108	1,108
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit		$ 70
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit		$ 76.63
Options outstanding (in shares)	4,156	4,156
Weighted avg. life remaining (in years)		8 years 7 months 6 days

Equity Incentive Plans (Summa_3

Equity Incentive Plans (Summary Of Exercisable Options) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Options outstanding (in shares) | shares	113,879
Weighted avg. life remaining (in years)	4 years 6 months
Weighted avg. exercise price	$ 55.10
Aggregate intrinsic value | $	$ 2,221
Forty Four Point Sixty Two To Forty Nine Point Nine Nine [Member]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 44.62
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 49.99
Options outstanding (in shares) | shares	31,673
Weighted avg. life remaining (in years)	2 years 7 months 6 days
Fifty To Fifty Nine Point Nine Nine Member
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 50
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 59.99
Options outstanding (in shares) | shares	29,392
Weighted avg. life remaining (in years)	4 years 7 months 6 days
Sixty To Sixty Five Point Five Zero Member
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 60
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 69.99
Options outstanding (in shares) | shares	51,706
Weighted avg. life remaining (in years)	5 years 7 months 6 days
Seventy To Seventy Six Point Six Three [Member]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 70
Share-based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit	$ 76.63
Options outstanding (in shares) | shares	1,108
Weighted avg. life remaining (in years)	7 years 8 months 12 days

Equity Incentive Plans (Summa_4

Equity Incentive Plans (Summary Of Nonvested Share Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 66.38
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2018	655,056
Number of Shares, Vested	(337,910)
Number of Shares, Outstanding at June 30, 2019	517,573
Number of Shares, Granted	208,755
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2018	$ 64.16
Weighted Average Grant Date Fair Value, Granted	74.13
Weighted Average Grant Date Fair Value, Vested	64.61
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2019	$ 67.86
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	8,328
Weighted Average Life Remaining, Outstanding at June 30, 2019 (in years)	1 year 4 months 9 days
Share based compensation, future vesting period minimum (in years)	4 years
Fair value of non-vested shares	$ 22.1	$ 16
share based compensation included in severance expense	4.3
Unamortized share-based compensation expense	$ 21.5
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Share based compensation, future vesting period minimum (in years)	4 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Share based compensation, future vesting period minimum (in years)	3 years

Equity Incentive Plans (Summa_5

Equity Incentive Plans (Summary Of Restricted Share Unit Activity) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Non-employee Trustee Length of Period Subsequent to Grant Date Options Not Exercisable	1 year
Range of settlement date for shares for non-employee trustee from grant date, minimum	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2018 | shares	655,056
Number of Shares, Granted | shares	208,755
Number of Shares, Vested | shares	(337,910)
Number of Shares, Outstanding at June 30, 2019 | shares	517,573
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2018 | $ / shares	$ 64.16
Weighted Average Grant Date Fair Value, Granted | $ / shares	74.13
Weighted Average Grant Date Fair Value, Vested | $ / shares	64.61
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2019 | $ / shares	$ 67.86
Unamortized share-based compensation expense | $	$ 21.5
Weighted Average Life Remaining, Outstanding at June 30, 2019 (in years)	1 year 4 months 9 days
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Restricted Share Units [Member]
Range of settlement date for shares for non-employee trustee from grant date, minimum	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2018 | shares	23,571
Number of Shares, Granted | shares	27,392
Number of Shares, Vested | shares	(24,727)
Number of Shares, Outstanding at June 30, 2019 | shares	26,236
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2018 | $ / shares	$ 61.25
Weighted Average Grant Date Fair Value, Granted | $ / shares	77.19
Weighted Average Grant Date Fair Value, Vested | $ / shares	61.62
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2019 | $ / shares	$ 77.54
Unamortized share-based compensation expense | $	$ 1.9
Weighted Average Life Remaining, Outstanding at June 30, 2019 (in years)	28 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

Other Commitments And Conting_2

Other Commitments And Contingencies (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)mortgagenotesdevelopmentproject	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)mortgagenotesdevelopmentproject	Jun. 30, 2018USD ($)	Aug. 01, 2019	Jul. 19, 2019USD ($)	Dec. 31, 2018USD ($)
Document Period End Date			Jun. 30, 2019
Other Commitment	$ 72,600,000		$ 72,600,000
Gain (Loss) Related to Litigation Settlement	0	$ (2,090,000)	0	$ (2,090,000)
Deferred liabilities related to guarantee							$ 16,100,000
Number of economic development bonds	$ 2		2				2
Noncash or Part Noncash Acquisition, Debt Assumed			$ 18,585,000	0
Number of Surety Bonds	4		4
Surety bonds	$ 50,700,000		$ 50,700,000
Number of Surety Bonds Released	1		1
Number of Mortgage Notes Receivable (in mortgage notes) | mortgagenotes	3		3
Mortgage Note and Notes Receivable Commitments	$ 3,000,000		$ 3,000,000
Transaction costs	6,923,000	$ 405,000	12,046,000	$ 1,014,000
Theatre Properties [Member]
Other Commitment	$ 36,200,000		$ 36,200,000
Development projects in process (in projects) | developmentproject	9		9
recreationproperties [Member]
Other Commitment	$ 24,900,000		$ 24,900,000
Development projects in process (in projects) | developmentproject	3		3
Education Property Member
Other Commitment	$ 11,500,000		$ 11,500,000
Development projects in process (in projects) | developmentproject	4		4
Louisiana Theatre Properties [Member]
Deferred assets related to guarantee							5,300,000
Gain (Loss) Related to Litigation Settlement			$ 0
Deferred liabilities related to guarantee							$ 9,900,000
Number of economic development bonds	$ 1		1
Loss Contingency, Damages Paid, Value			6,200,000
Noncash or Part Noncash Acquisition, Debt Assumed			18,600,000
Guarantor Obligations, Collateral Held Directly or by Third Parties			14,000,000
Children's Learning Adventure USA, LLC [Member]
Payments to Acquire Furniture and Fixtures			$ 1,000,000
Property Subject to or Available for Operating Lease, Number of Units	21		21
Settlement Consideration	$ 2,400,000		$ 2,400,000
Triple net lease term	20		20
Number of Properties Transferred	4		4
Transaction costs			$ 1,400,000
Mortgages [Member] | Louisiana Theatre Properties [Member]
Loans Receivable, Basis Spread on Variable Rate	15000.00%		15000.00%
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	3.94%		3.94%
Subsequent Event [Member]
Surety Bonds Released						$ 20,300,000
Subsequent Event [Member] | Children's Learning Adventure USA, LLC [Member]
Number of Properties Transferred					3

Segment Information Balance She

Segment Information Balance Sheet Data (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)segment	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Operating Segments | segment	4
Total Assets	$ 6,746,655	$ 6,131,390
Entertainment Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	2,838,006	2,344,855
Recreation Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	2,361,764	2,187,808
Education Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	1,322,527	1,366,278
Other Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	198,239	207,724
Corporate / Unallocated
Segment Reporting Information [Line Items]
Total Assets	$ 26,119	$ 24,725

Segment Information Operating D

Segment Information Operating Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Rental revenue	$ 157,330	$ 137,019	$ 308,053	$ 269,943
Other income	5,726	646	6,070	1,276
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	12,642	65,202	26,117	86,616
Revenues	175,698	202,867	340,240	357,835
Property operating expense	14,771	7,334	30,564	14,898
Other expense	8,091	0	8,091	0
Total investment expenses	22,862	7,334	38,655	14,898
Net Operating Income - Before Unallocated Items	152,836	195,533	301,585	342,937
Reconciliation to Consolidated Statements of Income:
General and administrative expense	(12,230)	(12,976)	(24,360)	(25,300)
Gain (Loss) Related to Litigation Settlement	0	(2,090)	0	(2,090)
Costs associated with loan refinancing	0	(15)	0	(31,958)
Interest expense, net	(36,278)	(34,079)	(70,104)	(68,416)
Transaction costs	(6,923)	(405)	(12,046)	(1,014)
Asset Impairment Charges	0	(16,548)	0	(16,548)
Depreciation and amortization	(42,355)	(37,582)	(82,098)	(75,266)
Equity in income from joint ventures	470	(88)	959	(37)
Gain on sale of real estate	9,774	473	16,102	473
Income tax benefit (expense)	1,300	(642)	1,905	(1,662)
Net income attributable to EPR Properties	66,594	91,581	131,943	121,119
Preferred dividend requirements	(6,034)	(6,036)	(12,068)	(12,072)
Net Income (Loss) Available to Common Stockholders, Basic	60,560	85,545	119,875	109,047
Entertainment Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	83,718	74,640	164,231	149,488
Other income	1,575	4	1,585	4
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	107	2,100	163	2,902
Revenues	85,400	76,744	165,979	152,394
Property operating expense	9,871	5,816	20,496	12,045
Other expense	1,029		1,029
Total investment expenses	10,900	5,816	21,525	12,045
Net Operating Income - Before Unallocated Items	74,500	70,928	144,454	140,349
Recreation Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	42,886	34,443	83,415	67,875
Other income	3,848	0	3,909	62
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	8,654	57,540	17,966	71,245
Revenues	55,388	91,983	105,290	139,182
Property operating expense	2,729	24	5,463	57
Other expense	7,062		7,062
Total investment expenses	9,791	24	12,525	57
Net Operating Income - Before Unallocated Items	45,597	91,959	92,765	139,125
Education Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	28,059	25,649	54,766	48,034
Other income	0	0	0	0
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	3,881	5,562	7,988	12,469
Revenues	31,940	31,211	62,754	60,503
Property operating expense	1,056	644	2,168	1,473
Other expense	0		0
Total investment expenses	1,056	644	2,168	1,473
Net Operating Income - Before Unallocated Items	30,884	30,567	60,586	59,030
Other Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	2,667	2,287	5,641	4,546
Other income	0	0	0	0
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	0	0	0	0
Revenues	2,667	2,287	5,641	4,546
Property operating expense	888	689	1,977	1,003
Other expense	0		0
Total investment expenses	888	689	1,977	1,003
Net Operating Income - Before Unallocated Items	1,779	1,598	3,664	3,543
Corporate / Unallocated
Segment Reporting Information [Line Items]
Rental revenue	0	0	0	0
Other income	303	642	576	1,210
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	0	0	0	0
Revenues	303	642	576	1,210
Property operating expense	227	161	460	320
Other expense	0		0
Total investment expenses	227	161	460	320
Net Operating Income - Before Unallocated Items	$ 76	$ 481	$ 116	$ 890

Operating Leases (Details)

Operating Leases (Details) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2019USD ($)		Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)		Jun. 30, 2018USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)		Mar. 31, 2018USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Document Period End Date					Jun. 30, 2019
Property operating expense		$ 14,771		$ 7,334	$ 30,564		$ 14,898
Operating Lease, Right-of-Use Asset		$ 220,758			$ 220,758				$ 0
Number of Properties Subject to Ground Leases		58			58
General and Administrative Expense		$ 12,230		12,976	$ 24,360		25,300
Operating Leases, Income Statement, Lease Revenue		(157,330)		$ (137,019)	(308,053)		$ (269,943)
Lease, Cost		456			901
Straight-Line Rent Receivable		95,449	[1]		95,449	[1]			73,332
Total Operating Leased Assets		245,601			245,601
Operating Lease, Liability		245,372			245,372				0
Operating Leases, Future Minimum Payments Receivable, Current		291,182			291,182
Operating Leases, Future Minimum Payments Receivable, in Two Years		571,789			571,789
Operating Leases, Future Minimum Payments Receivable, in Three Years		561,194			561,194
Operating Leases, Future Minimum Payments Receivable, in Four Years		545,989			545,989
Operating Leases, Future Minimum Payments Receivable, in Five Years		517,044			517,044
Operating Leases, Future Minimum Payments Receivable, Thereafter		4,736,991			4,736,991
Operating Leases, Future Minimum Payments Receivable		7,224,189			7,224,189
Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Leases, Future Minimum Payments Receivable, Current	[2]	279,551			279,551				520,139	[3]
Operating Leases, Future Minimum Payments Receivable, in Two Years	[2]	548,065			548,065				503,344	[3]
Operating Leases, Future Minimum Payments Receivable, in Three Years	[2]	537,074			537,074				492,165	[3]
Operating Leases, Future Minimum Payments Receivable, in Four Years	[2]	522,442			522,442				477,671	[3]
Operating Leases, Future Minimum Payments Receivable, in Five Years	[2]	494,157			494,157				449,686	[3]
Operating Leases, Future Minimum Payments Receivable, Thereafter	[2]	4,484,878			4,484,878				3,953,717	[3]
Operating Leases, Future Minimum Payments Receivable	[2]	$ 6,866,167			$ 6,866,167				6,396,722	[3]
Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Lease, Weighted Average Remaining Lease Term		17 years			17 years
Property operating expense		$ 6,065			$ 12,003
Operating Lease, Right-of-Use Asset		215,244			215,244
Receivable with Imputed Interest, Discount	[4]	139,261			139,261
Operating Lease, Liability	[4]	$ 239,662			$ 239,662
Operating Lease, Weighted Average Discount Rate, Percent		4.95%			4.95%
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 11,973	[4]		$ 11,973	[4]			22,867	[5]
Operating Leases, Future Minimum Payments, Due in Two Years		24,341	[4]		24,341	[4]			23,236	[5]
Operating Leases, Future Minimum Payments, Due in Three Years		24,785	[4]		24,785	[4]			23,600	[5]
Operating Leases, Future Minimum Payments, Due in Four Years		24,217	[4]		24,217	[4]			22,996	[5]
Operating Leases, Future Minimum Payments, Due in Five Years		23,560	[4]		23,560	[4]			22,303	[5]
Operating Leases, Future Minimum Payments, Due Thereafter		270,047	[4]		270,047	[4]			257,446	[5]
Operating Leases, Future Minimum Payments Due		378,923	[4]		378,923	[4]			372,448	[5]
Operating Leases, Future Minimum Payments Receivable, Current	[2]	11,631			11,631
Operating Leases, Future Minimum Payments Receivable, in Two Years	[2]	23,724			23,724
Operating Leases, Future Minimum Payments Receivable, in Three Years	[2]	24,120			24,120
Operating Leases, Future Minimum Payments Receivable, in Four Years	[2]	23,547			23,547
Operating Leases, Future Minimum Payments Receivable, in Five Years	[2]	22,887			22,887
Operating Leases, Future Minimum Payments Receivable, Thereafter	[2]	252,113			252,113
Operating Leases, Future Minimum Payments Receivable	[2]	$ 358,022			$ 358,022
Office Lease [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Lease, Weighted Average Remaining Lease Term		7 years 3 months 18 days			7 years 3 months 18 days
Operating Lease, Right-of-Use Asset		$ 5,514			$ 5,514
General and Administrative Expense		226			456
Receivable with Imputed Interest, Discount	[6]	1,050			1,050
Operating Lease, Liability	[6]	$ 5,710			$ 5,710
Operating Lease, Weighted Average Discount Rate, Percent		4.62%			4.62%
Operating Leases, Future Minimum Payments Due, Next Twelve Months	[6]	$ 428			$ 428				856	[5]
Operating Leases, Future Minimum Payments, Due in Two Years	[6]	856			856				856	[5]
Operating Leases, Future Minimum Payments, Due in Three Years	[6]	884			884				884	[5]
Operating Leases, Future Minimum Payments, Due in Four Years	[6]	967			967				967	[5]
Operating Leases, Future Minimum Payments, Due in Five Years	[6]	967			967				967	[5]
Operating Leases, Future Minimum Payments, Due Thereafter	[6]	2,658			2,658				2,658	[5]
Operating Leases, Future Minimum Payments Due	[6]	6,760			6,760				$ 7,188	[5]
sublease [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Leases, Income Statement, Lease Revenue		$ (5,835)			$ (11,558)
Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lessee, Operating Lease, Term of Contract		1 year			1 year
Minimum [Member] | Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lessee, Operating Lease, Term of Contract		2 years			2 years
Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lessee, Operating Lease, Term of Contract		31 years			31 years
Maximum [Member] | Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lessee, Operating Lease, Term of Contract		47 years			47 years
Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Straight-Line Rent Receivable		$ 24,843			$ 24,843			$ 24,454			$ 0
[1]	At June 30, 2019, i ncludes $24.8 million in sub-lessor straight-line rent receivables. Sub-lessor straight-line receivables relate to the Company's operating ground leases. The Company's tenants, who are generally sub-tenants under these ground leases, are responsible for paying the rent under these leases. See Note 16 for information related to the Company's leases.
[2]	Included in rental revenue.
[3]	Balances as of December 31, 2018 are prior to the adoption of Topic 842.
[4]	Included in property operating expense.
[5]	Balances as of December 31, 2018 are prior to the adoption of Topic 842.
[6]	Included in general and administrative expense.

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Jul. 01, 2019USD ($)	Jul. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Subsequent Event [Line Items]
Proceeds from Sale and Collection of Mortgage Notes Receivable					$ 1,954	$ 196,038
Prepaymentfee					900	47,300
Gain (Loss) on Disposition of Assets			$ 9,774	$ 473	16,102	$ 473
Education Reportable Operating Segment [Member] | Public charter school properties [Member]
Subsequent Event [Line Items]
Proceeds from Sale of Property, Plant, and Equipment					70,000
Gain (Loss) on Disposition of Assets					$ 13,600
Subsequent Event [Member] | SVVI [Member]
Subsequent Event [Line Items]
Proceeds from Sale and Collection of Mortgage Notes Receivable	$ 189,700
Number of Real Estate Properties	3
Subsequent Event [Member] | Public charter school properties [Member]
Subsequent Event [Line Items]
Proceeds from Sale and Collection of Mortgage Notes Receivable		$ 16,200
Prepaymentfee		1,800
Subsequent Event [Member] | Education Reportable Operating Segment [Member] | Public charter school properties [Member]
Subsequent Event [Line Items]
Proceeds from Sale of Property, Plant, and Equipment		18,200
Gain (Loss) on Disposition of Assets		$ 4,100

Uncategorized Items - epr630201

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 18,507,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	58,986,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	227,355,000
Operating Lease, Cost	us-gaap_OperatingLeaseCost	$ 251,934,000