EPR Properties (EPR) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2020	Aug. 05, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-13561
Entity Registrant Name	EPR PROPERTIES
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 Address, Postal Zip Code	64106
City Area Code	(816)
Local Phone Number	472-1700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		74,611,864
Entity Central Index Key	0001045450
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	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	Jun. 30, 2020	Dec. 31, 2019
Assets
Real estate investments, net of accumulated depreciation of $1,034,771 and $989,254 at June 30, 2020 and December 31, 2019, respectively	$ 5,110,059	$ 5,197,308
Land held for development	26,244	28,080
Property under development	39,039	36,756
Operating Lease, Right-of-Use Asset	189,058	211,187
Financing Receivable, after Allowance for Credit Loss, Current	357,668	357,391
Investment in joint ventures	28,925	34,317
Cash and cash equivalents	1,006,981	528,763
Restricted cash	2,615	2,677
Accounts receivable, net	134,774	86,858
Other assets	107,615	94,174
Total assets	7,002,978	6,577,511
Liabilities:
Accounts payable and accrued liabilities	96,454	122,939
Operating Lease, Liability	229,030	235,650
Dividends Payable, Current	19	29,424
Preferred dividends payable	6,034	6,034
Unearned rents and interest	81,096	74,829
Debt	3,854,088	3,102,830
Total liabilities	4,266,721	3,571,706
Equity:
Common Shares, $.01 par value; 100,000,000 shares authorized; and 81,903,786 and 81,588,489 shares issued at June 30, 2020 and December 31, 2019, respectively	819	816
Preferred shares, $.01 par value; 25,000,000 shares authorized:
Additional paid-in-capital	3,848,984	3,834,858
Treasury shares at cost: 7,290,948 and 3,125,569 common shares at June 30, 2020 and December 31, 2019, respectively	(260,351)	(147,435)
Accumulated other comprehensive income	(4,331)	7,275
Distributions in excess of net income	849,012	689,857
Total equity	2,736,257	3,005,805
Total liabilities and equity	7,002,978	6,577,511
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, 2020	Dec. 31, 2019
Rental properties, accumulated depreciation	$ 1,034,771,000	$ 989,254,000
Common Shares, par value	$ 0.01	$ 0.01
Common Shares, shares authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	81,903,786	81,588,489
Preferred Shares, par value	$ 0.01	$ 0.01
Preferred Shares, shares authorized	25,000,000	25,000,000
Treasury Shares, common shares	7,290,948	3,125,569
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 and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Rental revenue	$ 97,531	$ 147,003	$ 232,574	$ 287,295
Other income	416	5,726	7,989	6,070
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	8,413	9,011	16,809	18,902
Total revenue	106,360	161,740	257,372	312,267
Property operating expense	15,329	14,597	28,422	30,148
Other expense	2,798	8,091	12,332	8,091
General and Administrative Expense	10,432	12,230	21,420	23,940
Severance Costs	0	0	0	420
Costs associated with loan refinancing or payoff	820	0	820	0
Interest expense, net	38,340	36,458	73,093	70,421
Transaction costs	771	6,923	1,846	12,046
Financing Receivable, Credit Loss, Expense (Reversal)	3,484	0	4,676	0
Asset Impairment Charges	51,264	0	51,264	0
Depreciation and amortization	42,450	38,790	86,260	74,792
(Loss) income before equity in (loss) income from joint ventures, other items and discontinued operations	(59,328)	44,651	(22,761)	92,409
Equity in loss from joint ventures	(1,724)	470	(2,144)	959
Equity Method Investment, Other than Temporary Impairment	3,247	0	3,247	0
Gain on sale of real estate	22	0	242	(388)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(64,277)	45,121	(27,910)	92,980
Income tax benefit (expense)	1,312	1,300	2,063	1,905
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	(62,965)	46,421	(25,847)	94,885
Income from discontinued operations before other items	0	10,399	0	20,568
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	0	9,774	0	16,490
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	20,173	0	37,058
Net (loss) income	(62,965)	66,594	(25,847)	131,943
Preferred dividend requirements	(6,034)	(6,034)	(12,068)	(12,068)
Net (loss) income available to common shareholders of EPR Properties	(68,999)	60,560	(37,915)	119,875
Foreign currency translation adjustment	7,284	3,972	(9,211)	7,782
Change in net unrealized gain (loss) on derivatives	(6,326)	(7,195)	(2,395)	(14,693)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (62,007)	$ 63,371	$ (37,453)	$ 125,032
Basic earnings per share data:
Net income from continuing operations available to common shareholders of EPR Properties per basic share	$ (0.90)	$ 0.53	$ (0.49)	$ 1.10
Net income from discontinued operations available to common shareholders of EPR Properties per basic share	0	0.27	0	0.49
Net income available to common shareholders (in dollars per share)	(0.90)	0.80	(0.49)	1.59
Diluted earnings per share data:
Net income from continuing operations available to common shareholders of EPR Properties per diluted share	(0.90)	0.53	(0.49)	1.10
Net income from discontinued operations available to common shareholders of EPR Properties per diluted share	0	0.26	0	0.49
Net income available to common shareholders (in dollars per share)	$ (0.90)	$ 0.79	$ (0.49)	$ 1.59
Shares used for computation (in thousands):
Basic (in shares)	76,310	76,164	77,388	75,426
Diluted (in shares)	76,310	76,199	77,388	75,467

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]Distributions in excess of net income [Member]	Series G Preferred Stock [Member]	Series G Preferred Stock [Member]Distributions in excess of net income [Member]	Performance Shares [Member]	Performance Shares [Member]Distributions in excess of net income [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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	3,177			3,177
share based compensation included in severance expense	103			103
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
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			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)
Total equity	3,005,805	$ 816	$ 148	3,834,858	(147,435)	7,275	(689,857)
Balance (in shares) at Dec. 31, 2019		81,588,489	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		211,549
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	6,133	$ 2		6,221	(90)
Treasury Stock, Retired, Cost Method, Amount	(6,769)				(6,769)
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,509			3,509
Foreign currency translation adjustment	(16,495)					(16,495)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	3,931					3,931
Net income	37,118						37,118
Issuances of common shares (in shares)		10,368
Issuances of common shares	442	$ 0		442
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		1,410
Stock Issued During Period, Value, Stock Options Exercised	0	$ 0		(63)	(63)
Dividends to common and preferred shareholders	(88,996)						(88,996)	(1,939)	(1,939)	(1,939)	(1,939)	(2,156)	(2,156)
Balance (in shares) at Mar. 31, 2020		81,811,816	14,841,431
Balance (in shares) at Dec. 31, 2019		81,588,489	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment	(9,211)
Net income	$ (25,847)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	1,410
Balance (in shares) at Jun. 30, 2020		81,903,786	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	$ 2,936,481	$ 818	$ 148	3,845,093	(154,357)	(5,289)	(749,932)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	(2,163)						(2,163)
Balance (in shares) at Mar. 31, 2020		81,811,816	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Shares, Other		74,767
Stock Issued During Period, Value, Other	1	$ 1
Employee Service Share Based Compensation Restricted Stock Units And Restricted Shares Unrecognized Compensation Cost On Nonvested Awards	3,463			3,463
Foreign currency translation adjustment	7,284					7,284
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(6,326)					(6,326)
Net income	(62,965)						(62,965)
Issuances of common shares (in shares)		17,203
Issuances of common shares	428	$ 0		428
Stock Repurchased During Period, Value	(105,994)				105,994
Dividends to common and preferred shareholders	(30,062)						(30,062)	$ (1,939)	$ (1,939)	$ (1,939)	$ (1,939)	$ (2,156)	$ (2,156)	$ (19)	$ (19)
Balance (in shares) at Jun. 30, 2020		81,903,786	14,841,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity	$ 2,736,257	$ 819	$ 148	$ 3,848,984	$ (260,351)	$ (4,331)	$ (849,012)

Consolidated Statement Of Cha_2

Consolidated Statement Of Changes In Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Common Stock, Dividends, Per Share, Cash Paid	$ 0.3825	$ 1.1325	$ 1.125	$ 1.125
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, 2020	Jun. 30, 2019
Operating activities:
Net (loss) income	$ (25,847)	$ 131,943
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Asset Impairment Charges	51,264	0
Equity Method Investment, Other than Temporary Impairment	3,247	0
Gain on sale of real estate	(242)	(16,102)
Deferred income tax benefit	(2,789)	(2,284)
Costs associated with loan refinancing or payoff	820	0
Equity in loss (income) from joint ventures	(2,144)	959
Proceeds from Equity Method Investment, Distribution	0	112
Financing Receivable, Credit Loss, Expense (Reversal)	4,676	0
depreciation and amort cont and discops	86,260	82,098
Amortization of deferred financing costs	3,285	3,019
Amortization of above/below market leases and tenant allowances, net	(260)	(117)
Share-based compensation expense to management and trustees	6,972	6,563
Increase (Decrease) in Operating Lease Assets and Liabilities, Net	560	(290)
Mortgage notes accrued interest receivable	(3,125)	(1,544)
Accounts receivable	(48,014)	12,435
Increase in direct financing lease receivable	0	(117)
Other assets	(5,273)	(5,434)
Accounts payable and accrued liabilities	(20,072)	50
Increase (Decrease) in Deferred Revenue	3,807	383
Net cash provided by operating activities	57,413	209,756
Investing activities:
Acquisition of and investments in real estate and other assets	28,585	418,114
Proceeds from Sale of Real Estate	3,839	95,958
Investment in unconsolidated joint ventures	0	325
Investment in mortgage notes receivable	(3,667)	(33,074)
Proceeds from Sale and Collection of Mortgage Notes Receivable	94	1,954
Investment in promissory notes receivable	0	9,068
Proceeds from promissory note receivable paydown	69	3,574
Additions to properties under development	(24,728)	(102,101)
Net cash used by investing activities	(52,978)	(461,196)
Financing activities:
Proceeds from long-term debt facilities	750,000	422,000
Principal payments on long-term debt	0	(218,150)
Deferred financing fees paid	(2,859)	(276)
Proceeds from (Payments for) Other Financing Activities	(820)	0
Net proceeds from issuance of common shares	713	231,407
Payment, Tax Withholding, Share-based Payment Arrangement	0	(732)
Purchase of common shares for treasury	(6,769)	(9,499)
payments for repurchase of common stock, repurchase program	(105,994)	0
Dividends paid to shareholders	(160,392)	(179,989)
Net cash provided by financing activities	473,879	244,761
Effect of exchange rate changes on cash	(158)	109
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	478,156	(6,570)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,009,596	11,937
Cash and Cash Equivalents, at Carrying Value	1,006,981	6,927
Restricted Cash and Cash Equivalents	2,615	5,010
Supplemental schedule of non-cash activity:
Transfer of property under development to rental property	20,089	282,275
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses	19,956	17,590
Financing Receivable, Allowance for Credit Loss	6,839	0
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	0	227,355
Operating Lease, Cost	0	251,934
Straight-Line Rent Receivable	65,704
Other Real Estate, Additions	0	14,000
Noncash or Part Noncash Acquisition, Debt Assumed	0	18,585
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	72,096	70,954
Cash paid during the period for income taxes	497	1,066
Interest cost capitalized	504	4,667
Change in accrued capital expenditures	$ (9,576)	$ 8,854

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization [Abstract]
Organization	Organization Description of Business EPR Properties (the Company) was formed on August 22, 1997 as a Maryland real estate investment trust (REIT), and an initial public offering of the Company's common shares of beneficial interest (“common shares”) was completed on November 18, 1997. Since that time, the Company has been a leading Experiential net lease REIT specializing in select enduring experiential properties. The Company's underwriting is centered on key industry and property cash flow criteria, as well as the credit metrics of the Company's tenants and customers. 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, 2020
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, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 . Amounts as of December 31, 2019 have been derived from the audited consolidated financial statements as of that date and should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission (SEC) on February 25, 2020. 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) but can exercise influence over the entity with respect to its operations and major decisions. 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. As of June 30, 2020 and December 31, 2019 , the Company does not have any investments in consolidated VIEs. Risks and Uncertainties On March 11, 2020, the World Health Organization declared a novel strain of coronavirus (COVID-19) a pandemic, and on March 13, 2020, the United States declared a national emergency with respect to COVID-19. The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. The extent of the impact of COVID-19 on the Company’s business is highly uncertain and difficult to predict, as information is rapidly evolving. The outbreak of COVID-19 has severely impacted global economic activity and caused significant volatility and negative pressure in financial markets. The global impact of the outbreak has been rapidly evolving and many jurisdictions within the United States and abroad have reacted by instituting quarantines, mandating business and school closures and restricting travel. As a result, the COVID-19 pandemic is negatively impacting almost every industry directly or indirectly and is severely impacting experiential real estate properties given that such properties rely on social interaction and discretionary consumer spending. Substantially all the Company's customers' operations were temporarily closed for a portion of or all of the three months ended June 30, 2020. Certain of these customers' operations remain closed, while others have implemented re-opening plans. Specifically, most of the Company's theatre tenants have not reopened their locations. The severity of the impact of COVID-19 on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on consumers and our customers, all of which are uncertain and cannot be predicted. COVID-19 has negatively affected, and COVID-19 (or a future pandemic) could have material and adverse effects on, the Company's ability to successfully operate and on its financial condition, results of operations and cash flows. The Company’s consolidated financial statements reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. The Company considered the impact of COVID-19 on the assumptions and estimates used in determining the Company’s financial condition and results of operations for the six months ended June 30, 2020. The following were adverse impacts to its financial statements during the six months ended June 30, 2020: • The Company recognized straight-line write-offs totaling $13.0 million , which were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. Straight-line rental revenue, net of write-offs, was a reduction to total rental revenue of $7.5 million for the six months ended June 30, 2020. • The Company increased its expected credit losses by $4.7 million from its implementation estimate of $2.2 million . This increase was primarily the result of increased fundings and the economic uncertainty and the rapidly changing environment surrounding the COVID-19 pandemic. • The Company reduced rental revenue by $4.9 million due to contractual rent abatements and $3.8 million for rent concessions for certain of its tenants due to COVID-19. • The Company deferred approximately $60.0 million of amounts due from tenants and $3.5 million due from borrowers that were booked as receivables and approximately $41.0 million of amounts due from tenants that were not booked as receivables as the full amounts were not deemed probable of collection as a result of COVID-19 pandemic. The amounts not booked as receivables remain obligations of the tenants and will be recognized as revenue when received. The repayment terms for all of these deferments vary by tenant or borrower and several are still being negotiated. • For the six months ended June 30, 2020, the Company recognized revenue from American-Multi Cinema, Inc. (AMC) as well as several smaller tenants on a cash basis. See Note 18 for additional details on the agreements entered into with AMC on July 31, 2020. • The Company recognized $51.3 million in impairment charges during the three and six months ended June 30, 2020, which was comprised of $36.3 million of impairments of real estate investments, and $15.0 million of impairments of operating lease right-of-use assets. • The Company recognized impairment charges on joint ventures of $3.2 million related to its equity investments in three theatres projects located in China. • On March 20, 2020, the Company borrowed $750.0 million under its unsecured revolving credit facility as a precautionary measure to increase the Company's cash position and preserve financial flexibility given the global uncertainty caused by the COVID-19 pandemic. On June 29, 2020, the Company amended its Consolidated Credit Agreement, which governs its unsecured revolving credit facility and its unsecured term loan facility, and its Note Purchase Agreement, which governs its private placement notes. The amendments modified certain provisions and waived the Company's obligation to comply with certain covenants under these debt agreements in light of the continuing financial and operational impacts of the COVID-19 pandemic on the Company and its tenants and borrowers. The modifications are generally effective during the covenant relief period, which is defined as the period of time beginning June 29, 2020 and ending on the earlier of (i) April 1, 2021 or (ii) the date on which the Company provides notice that it elects to terminate the covenant relief period, subject to certain conditions. See Note 8 for additional details. On the effective date of the amendments, June 29, 2020, the Company suspended its share repurchase plan. Prior to the effective date, during the six months ended June 30, 2020, the Company repurchased 4,066,716 common shares under the share repurchase program for approximately $106.0 million . The repurchases were made under a Rule 10b5-1 trading plan. The monthly cash dividends to common shareholders were suspended following the common share dividend paid on May 15, 2020 to shareholders of record as of April 30, 2020. The suspension of the monthly cash dividend to common shareholders will continue through the covenant relief period, except as may be necessary to maintain REIT status and to not owe income tax. In March 2020, the Company's employees transitioned to a fully remote work force to protect the safety and well-being of the Company's personnel. The Company's prior investments in technology, business continuity planning and cyber-security protocols have enabled the Company to continue working with limited operational impacts. Recently Adopted Accounting Pronouncements On January 1, 2020, Accounting Standards Update (ASU) No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) 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, 2020. On the effective date, the Company recognized credit loss expense through retained earnings and the corresponding allowance for credit losses of approximately $2.2 million , which was comprised of $2.1 million related to mortgage notes receivable and $0.1 million related to notes receivable (which are presented within other assets in the accompanying consolidated balance sheet). See Note 6 for information related to the Company's measurement of credit losses on its mortgage notes and notes receivable. On April 10, 2020, the FASB issued a Staff Q&A on Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic. The purpose of this Staff Q&A was to respond to frequently asked questions about accounting for lease concessions related to the effects of the COVID-19 pandemic. In response to the Staff Q&A, the Company elected to not assess deferrals and rent concessions occurring during the period effected by the COVID-19 pandemic as lease modifications. The Company continues to evaluate the impacts of COVID-19 on the Company's lease accounting and related processes. See Rental Revenue below for further information on the Company's accounting for deferrals and other lease modifications. Reportable Segments The Company has two reportable operating segments: Experiential and Education. The Experiential segment includes the following property types: theatres, eat & play (including seven theatres located in entertainment districts), attractions, ski, experiential lodging, gaming, cultural and fitness & wellness. The Education segment includes the following property types: early childhood education centers and private schools. See Note 16 for financial information related to these reportable segments. Real Estate Investments Real estate investments are carried at initial recorded value 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 years to 40 years for buildings, three years to 25 years for furniture, fixtures and equipment and 10 years 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. Management reviews a property for impairment whenever events or changes in circumstances indicate that the carrying value of a property may not be recoverable, which 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 and 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 and identified intangible assets and liabilities 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 and identified intangible assets and liabilities as well as any noncontrolling interest. Acquisition-related costs in connection with business combinations are expensed as incurred and included in transaction costs in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. For real estate acquisitions (asset acquisitions or business combinations), the fair value (or relative fair value in an asset acquisition) of the tangible assets is determined by valuing the property using recent independent appraisals or methods similar to those used by independent appraisers. Land is valued using the sales comparison approach which uses available market data from recent comparable land sales as an input to estimate the fair value. Site improvements and tenant improvements are valued using the cost approach which uses replacement cost data obtained from industry recognized guides less depreciation as an input to estimate the fair value. The building is valued either using the cost approach described above or a combination of the cost and the income approach. The income approach uses market leasing assumptions to estimate the fair value of the property as if vacant. The cost and income approaches are reconciled to arrive at an estimated building fair value. 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 $35.9 million and $37.2 million as of June 30, 2020 and December 31, 2019 , respectively, are shown as a reduction of debt. The deferred financing costs of $4.3 million and $3.5 million as of June 30, 2020 and December 31, 2019 , 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. 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. 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 revenue if collectibility of these future rents is not probable. For the six months ended June 30, 2020 , the Company recognized straight-line write-offs totaling $13.0 million , which were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. Straight-line rental revenue, net of write-offs, was a reduction to total rental revenue of $7.5 million for the six months ended June 30, 2020 . For the six months ended June 30, 2019 , the Company recognized $1.4 million (of which $1.2 million has been classified within discontinued operations) of straight-line write-offs and total straight-line rental revenue net of these write-offs was $5.6 million (of which $0.9 million has been classified within discontinued operations). Substantially all the Company's customers' operations were temporarily closed for a portion of or all of the three months ended June 30, 2020 as a result of the COVID-19 pandemic. Certain of these customers' operations remain closed, while others have implemented re-opening plans. In response, the Company has agreed to defer rent for a substantial portion of its customers. In reliance upon a FASB Staff Q&A, the Company intends to not treat qualifying deferrals or rent concessions during the period effected by the COVID-19 pandemic as lease modifications. While deferments for this and future periods delay rent payments, these deferments generally do not release customers from the obligation to pay the deferred amounts in the future. Deferred rent amounts will be reflected in the Company's financial statements as accounts receivable if collection is determined to be probable or will be recognized when received as variable lease payments if collection is determined to not be probable. Certain agreements with tenants where remaining lease terms are extended or changes are made to rent outside of the period impacted by COVID-19 are treated as lease modifications. In these circumstances, upon an executed lease modification, if the tenant is not being recognized on a cash basis, the contractual rent reflected in accounts receivable and straight-line rent receivable will be amortized over the remaining term of the lease against rental revenue. In limited cases, customers may be entitled to the abatement of rent during governmentally imposed prohibitions on business operations which is recognized in the period to which it relates, or the Company may provide rent concessions to tenants. In cases where the Company provides concessions to tenants to which they are not otherwise entitled, those amounts will be recognized in the period in which the concession is granted unless the changes are accounted for as lease modifications. The Company will continue to evaluate the impacts of COVID-19 on the Company's lease receivables and related accounting processes. Most 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, 2020 and 2019 , the Company recognized $0.9 million and $4.3 million , respectively, 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 districts, 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. For the six months ended June 30, 2020 and 2019 , the non-lease components included in rental revenue totaled $7.0 million and $7.6 million , respectively. 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 parameters have been met as provided by the lease agreement. Rental revenue included percentage rents of $4.2 million and $5.5 million for the six months ended June 30, 2020 and 2019 , 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. When the collectibility of lease receivables or future lease payments are no longer probable, the Company records a direct write-off of the receivable to rental revenue and recognizes future rental revenue on a cash basis. 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. Certain reclassifications have been made to prior period amounts to conform to the current period presentation for assets that qualify for presentation as discontinued 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 less allowance for credit loss. 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 adopted Topic 326 effective January 1, 2020, which requires allowance for credit losses to be recorded to reflect that all mortgage notes and notes receivable have some inherent risk of loss regardless of credit quality, collateral, or other mitigating factors. While Topic 326 does not require any particular method for determining the reserves, it does specify that it should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions, as well as reasonable and supportable forecasts for the term of each mortgage note or note receivable. The Company uses a forward looking commercial real estate forecasting tool to estimate its current expected credit losses (CECL) for each of its mortgage notes and notes receivable on a loan by loan basis. The CECL allowance required by Topic 326 is a valuation account that is deducted from the related mortgage note or note receivable. Certain of the Company’s mortgage notes and notes receivable include commitments to fund incremental amounts to its borrowers. These future funding commitments are also subject to the CECL model. The allowance related to future funding is recorded as a liability and is included in Accounts payable and accrued liabilities in the accompanying consolidated balance sheet. As permitted under Topic 326, the Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables related to its mortgage notes and notes receivable. Accordingly, if accrued interest receivable is deemed to be uncollectible, the Company will record any necessary write-offs as a reversal of interest income. As of June 30, 2020 , the Company believes that all accrued interest is collectible. In the event the Company has a past due mortgage note or note receivable and foreclosure is probable, the Company measures expected credit losses based on the fair value of the collateral. The Company evaluates the collectability of both interest and principal for each of its mortgage notes and notes receivable on a quarterly basis to determine if foreclosure is probable. As of June 30, 2020 , the Company does not have any mortgage notes receivable with past due principal balances. 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 parameters have been met as provided by the mortgage agreement. There was no participating interest income for the six months ended June 30, 2020 and 2019 . For the six months ended June 30, 2019 , mortgage and other financing income included $0.9 million in prepayment fees related to mortgage notes that were paid fully in advance of their maturity date. There were no prepayment fees recognized during the six months ended June 30, 2020 . Concentrations of Risk Topgolf USA (Topgolf), Regal Entertainment Group (Regal) and American Multi-Cinema, Inc. (AMC) represented a significant portion of the Company's total revenue for the six months ended June 30, 2020 and 2019. The Company began recognizing revenue on a cash basis for AMC in the first quarter of 2020 and cash payments have been reduced due to the impact of COVID-19. The following is a summary of the Company's total revenue (including revenue from discontinued operations) derived from rental or interest payments from Topgolf, Regal and AMC (dollars in thousands): Six Months Ended June 30, 2020 2019 Total Revenue % of Company's Total Revenue Total Revenue % of Company's Total Revenue Topgolf $ 40,129 15.6 % $ 37,719 11.1 % Regal 39,099 15.2 % 32,620 9.6 % AMC 22,144 8.6 % 61,364 18.0 % 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. 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 (loss) income and comprehensive (loss) income. 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 (loss) income and comprehensive (loss) income was $6 thousand and $5 thousand for the six months ended June 30, 2020 and 2019 , 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 years or four years ). Expense recognized related to nonvested shares and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $5.4 million and $5.6 million for the six months ended June 30, 2020 and 2019 , respectively. Expense recognized related to nonvested shares and included in severance expense in the accompanying consolidated statement of income was $0.1 million for the six months ended June 30, 2019 . Nonvested Performance Shares Issued to Employees During the six months ended June 30, 2020 , the Compensation and Human Capital Committee of the Board of Trustees (Board) approved the 2020 Long Term Incentive Plan (the 2020 LTIP) as a sub-plan under the Company's 2016 Equity Incentive Plan. Under the 2020 LTIP, the Company awards performance shares and restricted shares to the Company's executive officers. The performance shares contain both a market condition and a performance condition. The Company amortizes the expense related to the performance shares over the future vesting period of three years . Expense recognized related to performance shares and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $0.5 million for the six months ended June 30, 2020 . 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 and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $1.0 million and $0.9 million for the six months ended June 30, 2020 and 2019 , respectively. Derivative Instruments The Company uses derivative instruments to reduce exposure to fluctuations in foreign currency exchange rates and variable interest rates. 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

Rental Properties

Rental Properties	6 Months Ended
	Jun. 30, 2020
Real Estate [Abstract]
Rental Properties	The following table summarizes the carrying amounts of real estate investments as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Buildings and improvements $ 4,709,211 $ 4,747,101 Furniture, fixtures & equipment 121,913 123,239 Land 1,287,656 1,290,181 Leasehold interests 26,050 26,041 6,144,830 6,186,562 Accumulated depreciation (1,034,771 ) (989,254 ) Total $ 5,110,059 $ 5,197,308 Depreciation expense on real estate investments from continuing operations was $81.6 million and $71.9 million for the six months ended June 30, 2020 and 2019 , respectively.

Impairment Charges (Notes)

Impairment Charges (Notes)	6 Months Ended
	Jun. 30, 2020
Impairment Charges [Abstract]
Asset Impairment Charges [Text Block]	Impairment Charges The Company reviews its properties for changes in circumstances that indicate that the carrying value of a property may not be recoverable based on an estimate of undiscounted future cash flows. As a result of the COVID-19 pandemic, many of the Company's properties are temporarily closed and the Company has negotiated and continues to negotiate lease modifications with customers that include rent deferrals, rent reductions or other modifications. As part of this process, the Company reassessed the expected holding periods of such properties, and determined that the estimated cash flows were not sufficient to recover the carrying values of six properties. Two of these six properties have operating ground lease arrangements with right-of-use assets. During the six months ended June 30, 2020, the Company determined the estimated fair value of the real estate investments and right-of-use assets using Level 3 inputs, including independent appraisals of these properties. The Company reduced the carrying value of the real estate investments, net to $49.6 million and the operating lease right-of-use assets to $13.0 million . The Company recognized impairment charges of $36.3 million on the real estate investments and $15.0 million on the right-of-use assets, which are the amounts that the carrying value of the assets exceeded the estimated fair value. During the three months ended June 30, 2020, the Company also recognized $3.2 million in other-than-temporary impairments related to its equity investments in joint ventures in three theatre projects located in China. See Note 9

Investments and Dispositions

Investments and Dispositions	6 Months Ended
	Jun. 30, 2020
Investments [Abstract]
Investments	Investments and Dispositions The Company's investment spending during the six months ended June 30, 2020 totaled $53.6 million of investments in Experiential properties. These investments included spending on the acquisition of two megaplex theatres totaling $22.1 million as well as build-to-suit development and redevelopment projects. During the six months ended June 30, 2020 , the Company completed the sale of three early education properties for net proceeds totaling $3.8 million and recognized a combined gain on sale of $0.2 million

Accounts Receivable, Net

Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2020
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 less allowance for credit loss. 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 adopted Topic 326 effective January 1, 2020, which requires allowance for credit losses to be recorded to reflect that all mortgage notes and notes receivable have some inherent risk of loss regardless of credit quality, collateral, or other mitigating factors. While Topic 326 does not require any particular method for determining the reserves, it does specify that it should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions, as well as reasonable and supportable forecasts for the term of each mortgage note or note receivable. The Company uses a forward looking commercial real estate forecasting tool to estimate its current expected credit losses (CECL) for each of its mortgage notes and notes receivable on a loan by loan basis. The CECL allowance required by Topic 326 is a valuation account that is deducted from the related mortgage note or note receivable. Certain of the Company’s mortgage notes and notes receivable include commitments to fund incremental amounts to its borrowers. These future funding commitments are also subject to the CECL model. The allowance related to future funding is recorded as a liability and is included in Accounts payable and accrued liabilities in the accompanying consolidated balance sheet. As permitted under Topic 326, the Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables related to its mortgage notes and notes receivable. Accordingly, if accrued interest receivable is deemed to be uncollectible, the Company will record any necessary write-offs as a reversal of interest income. As of June 30, 2020 , the Company believes that all accrued interest is collectible. In the event the Company has a past due mortgage note or note receivable and foreclosure is probable, the Company measures expected credit losses based on the fair value of the collateral. The Company evaluates the collectability of both interest and principal for each of its mortgage notes and notes receivable on a quarterly basis to determine if foreclosure is probable. As of June 30, 2020 , the Company does not have any mortgage notes receivable with past due principal balances. Effective January 1, 2020, the Company adopted Topic 326, which requires the Company to estimate and record credit losses for each of its mortgage notes and note receivable. The Company measures expected credit losses on its mortgage notes and notes receivable on an individual basis over the related contractual term as its financial instruments do not have similar risk characteristics. The Company has not experienced historical losses on its mortgage note portfolio; therefore, the Company uses a forward looking commercial real estate loss forecasting tool to estimate its expected credit losses. The loss forecasting tool is comprised of a probability of default model and a loss given default model that utilizes the Company’s loan specific inputs as well as selected forward looking macroeconomic variables and mean loss rates. Based on certain inputs, such as origination year, balance, interest rate as well as collateral value and borrower operating income, the model produces life of loan expected losses on a loan by loan basis. As of June 30, 2020 , the Company did not anticipate any prepayments therefore the contractual term of its mortgage notes was used for the calculation of the expected credit losses. The Company updates the model inputs at each reporting period to reflect, if applicable, any newly originated loans, changes to loan specific information on existing loans and current macroeconomic conditions. During the six months ended June 30, 2020 , the Company increased its expected credit losses by $4.7 million from its implementation estimate of $2.2 million . This increase was as a result of additional fundings as well as adjustments to current macroeconomic conditions resulting from the economic uncertainty and the rapidly changing environment surrounding the COVID-19 pandemic. In response to the COVID-19 pandemic, the Company deferred interest payments for four borrowers. The deferrals require the borrower to pay the deferred interest in future periods. The Company assessed the deferrals and determined that the modifications did not result in troubled debt restructurings at June 30, 2020. Investment in mortgage notes, including related accrued interest receivable, at June 30, 2020 and December 31, 2019 consists of the following (in thousands): Outstanding principal amount of mortgage Carrying amount as of Unfunded commitments Description Year of Origination Interest Rate Maturity Date June 30, 2020 December 31, 2019 (1) June 30, 2020 Attraction property Powells Point, North Carolina 2019 7.75 % 6/30/2025 $ 27,423 $ 26,480 $ 27,423 $ — Fitness & wellness property Omaha, Nebraska 2017 7.85 % 1/3/2027 10,905 11,002 10,977 — Fitness & wellness property Merriam, Kansas 2019 7.55 % 7/31/2029 8,384 8,515 5,985 707 Ski property Girdwood, Alaska 2019 8.25 % 12/31/2029 37,000 36,975 37,000 20,000 Fitness & wellness property Omaha, Nebraska 2016 7.85 % 6/30/2030 5,773 5,889 5,803 5,145 Experiential lodging property Nashville, Tennessee 2019 6.99 % 9/30/2031 71,223 68,311 70,396 — Eat & play property Austin, Texas 2012 11.31 % 6/1/2033 11,488 11,814 11,582 — Ski property West Dover and Wilmington, Vermont 2007 11.78 % 12/1/2034 51,050 51,023 51,050 — Four ski properties Ohio and Pennsylvania 2007 10.75 % 12/1/2034 37,562 37,392 37,562 — Ski property Chesterland, Ohio 2012 11.21 % 12/1/2034 4,550 4,367 4,550 — Ski property Hunter, New York 2016 8.57 % 1/5/2036 21,000 20,999 21,000 — Eat & play property Midvale, Utah 2015 10.25 % 5/31/2036 17,505 17,952 17,505 — Eat & play property West Chester, Ohio 2015 9.75 % 8/1/2036 18,068 18,498 18,068 — Private school property Mableton, Georgia 2017 9.02 % 4/30/2037 4,674 5,055 5,048 — Fitness & wellness property Fort Collins, Colorado 2018 7.85 % 1/31/2038 10,292 10,235 10,360 — Early childhood education center Lake Mary, Florida 2019 7.87 % 5/9/2039 4,200 4,304 4,258 — Eat & play property Eugene, Oregon 2019 8.13 % 6/17/2039 14,700 14,799 14,800 — Early childhood education center Lithia, Florida 2017 8.25 % 10/31/2039 3,959 4,058 4,024 — $ 359,756 $ 357,668 $ 357,391 $ 25,852 (1) Balances as of December 31, 2019 are prior to the adoption of ASC Topic 326. Investment in notes receivable, including related accrued interest receivable, was $14.0 million at June 30, 2020 and December 31, 2019 , and is included in Other assets in the accompanying consolidated balance sheets. The following summarizes the activity within the allowance for credit losses related to mortgage notes, unfunded commitments and notes receivable for the six months ended June 30, 2020 (in thousands): Mortgage notes receivable Unfunded commitments Notes receivable Total Allowance for credit losses at January 1, 2020 $ 2,000 $ 114 $ 49 $ 2,163 Credit loss expense 4,422 73 181 4,676 Charge-offs — — — — Recoveries — — — — Allowance for credit losses $ 6,422 $ 187 $ 230 $ 6,839 The following table summarizes the carrying amounts of accounts receivable as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Receivable from tenants $ 68,254 $ 11,373 Receivable from non-tenants 816 2,103 Straight-line rent receivable 65,704 73,382 Total $ 134,774 $ 86,858 During the six months ended June 30, 2020 , the Company wrote-off straight-line receivables totaling $13.0 million , to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. The $13.0 million straight-line write-offs were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. As of June 30, 2020, receivable from tenants includes fixed rent payments of approximately $60.0 million that were deferred due to the COVID-19 pandemic and determined to be collectible. Additionally, approximately $41.0 million

Capital Markets Long Term Debt

Capital Markets Long Term Debt (Notes)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	On June 29, 2020, the Company amended its Consolidated Credit Agreement, which governs its unsecured revolving credit facility and its unsecured term loan facility, and its Note Purchase Agreement, which governs its private placement notes. The amendments modified certain provisions and waived the Company's obligation to comply with certain covenants under these debt agreements in light of the continuing financial and operational impacts of the COVID-19 pandemic on the Company and its tenants and borrowers. The modifications are generally effective during the covenant relief period, which is defined as the period of time beginning June 29, 2020 and ending on the earlier of (i) April 1, 2021 or (ii) the date on which the Company provides notice that it elects to terminate the covenant relief period, together with evidence that it would have been in compliance with the applicable financial covenants at the end of the most recently ended fiscal quarter even if the covenant relief period had not been in effect for such fiscal quarter. During the covenant relief period, the initial interest rate for the revolving credit and term loan facility is LIBOR plus 1.375% and LIBOR plus 1.75% , respectively, (with a LIBOR floor of 0.50% ) and the facility fee is increased to 0.375% . After the covenant relief period, the interest rates for the revolving credit and term loan facility are scheduled to return to LIBOR plus 1.00% and LIBOR plus 1.10% , respectively, (with a LIBOR floor of zero ) and the facility fee will return to 0.20% . These rates are subject to changes, however, if the Company's long-term unsecured debt ratings change as defined in the agreements. During the covenant relief period, the interest rates for the private placement notes are 5.00% and 5.21% , respectively, for the Series A notes due 2024 and the Series B notes due 2026. After the covenant relief period, the interest rates for the private placement notes are scheduled to return to 4.35% and 4.56% , respectively, for the Series A notes due 2024 and the Series B notes due 2026. The amendments permanently modified certain financial covenants and provided relief from compliance with certain financial covenants during all or a portion of the covenant relief period, as follows: (i) a new minimum liquidity financial covenant during the covenant relief period was added; (ii) compliance with the total-debt-to-total-asset-value and the maximum-unsecured-debt-to-unencumbered-asset-value financial covenants was suspended during the covenant relief period; (iii) compliance with the minimum unsecured interest coverage ratio and the minimum fixed charge ratio financial covenants was suspended for the period beginning on June 29, 2020 and ending on the earlier to occur of October 1, 2020 or the expiration or earlier termination of the covenant relief period; (iv) permanent amendments to the unsecured-debt-to-unencumbered-asset-value financial covenant to allow short-term indebtedness to be offset by unrestricted cash in the calculation and to allow unrestricted cash not otherwise offset against short term indebtedness to be counted as an unencumbered asset; and (v) permanent amendments to financial covenants to allow deferred payments to be included as recurring property revenue in these calculations. The amendments also imposed additional restrictions on the Company and its subsidiaries during the covenant relief period, including limitations on certain investments, incurrences of indebtedness, capital expenditures, payment of dividends or other distributions and stock repurchases, in each case subject to certain exceptions. In addition, the amendments require the Company to cause certain of its key subsidiaries to guarantee the Company's obligations and pledge the equity interests of such subsidiary guarantors upon the occurrence of certain events during the covenant relief period. In connection with the amendments, $0.8 million of fees paid to third parties were expensed and included in costs associated with loan refinancing in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020. In addition, the Company paid $2.6 million in fees to existing lenders that were capitalized in deferred financing costs and amortized as part of the effective yield. These fees consisted of $1.6 million related to the unsecured revolving credit facility and included in other assets and $1.0 million

Unconsolidated Real Estate Join

Unconsolidated Real Estate Joint Ventures (Notes)	6 Months Ended
	Jun. 30, 2020
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, 2020 and December 31, 2019 , the Company had a 65% investment interest in two unconsolidated real estate joint ventures related to two experiential lodging properties located in St. Petersburg Beach, Florida. The Company's partner, Gencom Acquisition, LLC and its affiliates, own the remaining 35% interest in the joint ventures. There are two separate joint ventures, one that holds the investment in the real estate of the experiential 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, 2020 and December 31, 2019 , the Company had equity investments of $28.2 million and $29.7 million , respectively, in these joint ventures. The joint venture that holds the real property has a 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, 2020 , 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 approximately $24.3 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. The joint venture has 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. In response to the COVID-19 pandemic, on May 28, 2020, the joint venture was granted a three month interest deferral, which is required to be paid on the maturity date of the loan and is not considered a troubled debt restructuring. The Company recognized a loss of $1.6 million and income of $1.1 million during the six months ended June 30, 2020 and 2019, respectively, and received no distributions during the six months ended June 30, 2020 and 2019 related to the equity investments in these joint ventures. As of June 30, 2020 and 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. The Company's maximum exposure to loss at June 30, 2020 , is its investment in the joint ventures of $28.2 million as well as the Company's guarantee of the estimated costs to complete renovations of approximately $24.3 million . In addition, as of June 30, 2020 and December 31, 2019 , the Company had equity investments of $0.7 million and $4.6 million , respectively, in unconsolidated joint ventures for three theatre projects located in China. During the six months ended June 30, 2020 , the Company recognized $3.2 million in other-than-temporary impairment charges on these equity investments. The Company determined the estimated fair value of these investments using Level 3 inputs, based primarily on discounted cash flow projections. The Company recognized losses of $590 thousand and $106 thousand during the six months ended June 30, 2020 and 2019, respectively, and received distributions of $112 thousand from its investment in these joint ventures for the six months ended June 30, 2019 . No distributions were received during the six months ended June 30, 2020 .

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2020
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 has elected not to offset its derivative position for purposes of balance sheet presentation and disclosure. The Company had derivative assets of $8.0 million and $1.1 million at June 30, 2020 and December 31, 2019 , respectively, and derivative liabilities of $13.9 million and $4.5 million derivative liabilities at June 30, 2020 and December 31, 2019 , respectively. The Company has not posted or received collateral with its derivative counterparties as of June 30, 2020 or December 31, 2019 . See Note 11 for disclosures relating to the fair value of the derivative instruments. 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 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, 2020 , the Company had four interest rate swap agreements designated as cash flow hedges of interest rate risk related to its variable rate unsecured term loan facility totaling $400.0 million . Additionally, at June 30, 2020 , the Company had an interest rate swap agreement designated as a cash flow hedge of interest rate risk related to its variable rate secured bonds totaling $25.0 million . Interest rate swap agreements outstanding as of June 30, 2020 are summarized below: Fixed rate Notional Amount (in millions) Index Maturity 3.7950% (1) $ 116.7 USD LIBOR February 7, 2022 3.8075% (1) 116.7 USD LIBOR February 7, 2022 3.8080% (1) 116.6 USD LIBOR February 7, 2022 3.9950% (1) 50.0 USD LIBOR February 7, 2022 Total $ 400.0 1.3925% 25.0 USD LIBOR September 30, 2024 Total $ 25.0 (1) As discussed in Note 8, on June 29, 2020 the Company amended its Consolidated Credit Agreement. The above fixed rates increased by 0.65% during the covenant relief period. The rates are scheduled to return to previous levels at the end of this period, subject to certain conditions. 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. 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, 2020 , the Company estimates t hat during the twelve months ending June 30, 2021, $8.1 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 which should hedge a significant portion of the Company's expected CAD denominated cash flows. During the six months ended June 30, 2020 , the Company entered into USD-CAD cross-currency swaps that was effective July 1, 2020 with a fixed original notional value of $100.0 million CAD and $76.6 million USD. The net effect of this swap is to lock in an exchange rate of $1.31 CAD per USD on approximately $7.2 million annual CAD denominated cash flows through June 2022. 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, 2020 , the Company estimates t hat during the twelve months ending June 30, 2021, $0.2 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, 2020 , the Company had the following cross-currency swaps designated as net investment hedges: Fixed rate Notional Amount (in millions, CAD) Maturity $1.32 CAD per USD $ 100.0 July 1, 2023 $1.32 CAD per USD 100.0 July 1, 2023 Total $ 200.0 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, 2020 and 2019 . Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2020 and 2019 (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Description 2020 2019 2020 2019 Cash Flow Hedges Interest Rate Swaps Amount of Loss Recognized in AOCI on Derivative $ (1,031 ) $ (5,413 ) $ (11,673 ) $ (7,852 ) Amount of (Expense) Income Reclassified from AOCI into Earnings (1) (1,601 ) 403 (2,066 ) 1,178 Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (472 ) (165 ) 667 (476 ) Amount of Income Reclassified from AOCI into Earnings (2) 236 157 442 291 Net Investment Hedges Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (6,188 ) (1,057 ) 6,987 (4,896 ) Amount of Income Recognized in Earnings (2) (3) 172 146 334 284 Total Amount of Loss Recognized in AOCI on Derivatives $ (7,691 ) $ (6,635 ) $ (4,019 ) $ (13,224 ) Amount of (Expense) Income Reclassified from AOCI into Earnings (1,365 ) 560 (1,624 ) 1,469 Amount of Income Recognized in Earnings 172 146 334 284 Interest expense, net in accompanying consolidated statements of (loss) income and comprehensive (loss) income $ 38,340 $ 36,458 $ 73,093 $ 70,421 Other income in accompanying consolidated statements of (loss) income and comprehensive (loss) income $ 416 $ 5,726 $ 7,989 $ 6,070 (1) Included in "Interest expense, net" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 . (2) Included in "Other income" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 . (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, 2020 , the fair value of the Company's derivatives in a liability position related to these agreements was $13.9 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 $12.6 million . As of June 30, 2020

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2020
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, 2020 , 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, 2020 and December 31, 2019 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, 2020 and December 31, 2019 (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) Balance at end of period June 30, 2020 Cross-Currency Swaps* $ — $ 8,040 $ — $ 8,040 Interest Rate Swap Agreements** $ — $ (13,877 ) $ — $ (13,877 ) December 31, 2019 Cross-Currency Swaps* $ — $ 828 $ — $ 828 Interest Rate Swap Agreements* $ — $ 225 $ — $ 225 Interest Rate Swap Agreements** $ — $ (4,495 ) $ — $ (4,495 ) *Included in "Other assets" in the accompanying consolidated balance sheets. ** Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets. Non-recurring fair value measurements The table below presents the Company's assets measured at fair value on a non-recurring basis during the six months ended June 30, 2020 , aggregated by the level in the fair value hierarchy within which those measurements fall. Assets Measured at Fair Value on a Non-Recurring Basis During the Six Months Ended June 30, 2020 (Dollars in thousands) Description Quoted Prices in Significant Significant Balance at 2020: Real estate investments, net $ — $ — $ 49,613 $ 49,613 Operating lease right-of-use assets — — 12,953 12,953 Investment in joint ventures — — 771 771 As discussed further in Note 4 , during the six months ended June 30, 2020 , the Company recorded impairment charges of $51.3 million , of which $36.3 million related to real estate investments, net and $15.0 million related to operating lease right-of-use assets. Management estimated the fair value of these investments taking into account various factors including the independent appraisals, shortened hold periods and current market conditions. The Company determined, based on the inputs, that its valuation of real estate investments, net and operating lease right-of-use assets were classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable. Additionally, as discussed further in Note 9 , during the six months ended June 30, 2020 , the Company recorded impairment charges $3.2 million related to its investment in joint ventures. Management estimated the fair value of these investments taking into account various factors including implied asset value changes based on discounted cash flow projections and current market conditions. The Company determined, based on the inputs, that its valuation of investment in joint ventures was classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable. 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, 2020 and December 31, 2019 : 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, 2020 , the Company had a carrying value of $357.7 million in fixed rate mortgage notes receivable outstanding, including related accrued interest and allowance for credit losses, with a weighted average interest rate of approximately 9.03% . The fixed rate mortgage notes bear interest at rates of 6.99% to 11.78% . Discounting the future cash flows for fixed rate mortgage notes receivable using rates of 7.99% to 9.25% , management estimates the fair value of the fixed rate mortgage notes receivable to be approximately $390.0 million with an estimated weighted average market rate of 8.00% at June 30, 2020 . At December 31, 2019 , the Company had a carrying value of $357.4 million in fixed rate mortgage notes receivable outstanding, including related accrued interest, with a weighted average interest rate of approximately 8.98% . The fixed rate mortgage notes bear interest at rates of 6.99% to 11.61% . Discounting the future cash flows for fixed rate mortgage notes receivable using rates of 6.99% to 9.25% , management estimates the fair value of the fixed rate mortgage notes receivable to be $395.6 million with an estimated weighted average market rate of 7.76% at December 31, 2019 . 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, 2020 , the Company had a carrying value of $1.2 billion in variable rate debt outstanding with a weighted average interest rate of approximately 2.21% . The carrying value of the variable rate debt outstanding approximated the fair value at June 30, 2020 . At December 31, 2019 , the Company had a carrying value of $425.0 million in variable rate debt outstanding with a weighted average interest rate of approximately 2.75% . The carrying value of the variable rate debt outstanding approximated the fair value at December 31, 2019 . At June 30, 2020 and December 31, 2019 , $425.0 million of the Company's variable rate debt, discussed above, had been effectively converted to a fixed rate by interest rate swap agreements. See Note 10 for additional information related to the Company's interest rate swap agreements. At June 30, 2020 , the Company had a carrying value of $2.72 billion in fixed rate long-term debt outstanding with a weighted average interest rate of approximately 4.62% . Discounting the future cash flows for fixed rate debt using June 30, 2020 market rates of 5.00% to 6.06% , management estimates the fair value of the fixed rate debt to be approximately $2.54 billion with an estimated weighted average market rate of 5.71% at June 30, 2020 . At December 31, 2019 , the Company had a carrying value of $2.72 billion in fixed rate long-term debt outstanding with an average weighted interest rate of approximately 4.54% . Discounting the future cash flows for fixed rate debt using December 31, 2019 market rates of 2.87% to 4.56% , management estimates the fair value of the fixed rate debt to be approximately $2.87 billion with an estimated weighted average market rate of 3.51% at December 31, 2019 .
Fair Value Measurements, Nonrecurring [Table Text Block]	Non-recurring fair value measurements The table below presents the Company's assets measured at fair value on a non-recurring basis during the six months ended June 30, 2020 , aggregated by the level in the fair value hierarchy within which those measurements fall. Assets Measured at Fair Value on a Non-Recurring Basis During the Six Months Ended June 30, 2020 (Dollars in thousands) Description Quoted Prices in Significant Significant Balance at 2020: Real estate investments, net $ — $ — $ 49,613 $ 49,613 Operating lease right-of-use assets — — 12,953 12,953 Investment in joint ventures — — 771 771 As discussed further in Note 4 , during the six months ended June 30, 2020 , the Company recorded impairment charges of $51.3 million , of which $36.3 million related to real estate investments, net and $15.0 million related to operating lease right-of-use assets. Management estimated the fair value of these investments taking into account various factors including the independent appraisals, shortened hold periods and current market conditions. The Company determined, based on the inputs, that its valuation of real estate investments, net and operating lease right-of-use assets were classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable. Additionally, as discussed further in Note 9 , during the six months ended June 30, 2020 , the Company recorded impairment charges $3.2 million related to its investment in joint ventures. Management estimated the fair value of these investments taking into account various factors including implied asset value changes based on discounted cash flow projections and current market conditions. The Company determined, based on the inputs, that its valuation of investment in joint ventures was classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable.
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, 2020 and December 31, 2019 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, 2020 and December 31, 2019 (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) Balance at end of period June 30, 2020 Cross-Currency Swaps* $ — $ 8,040 $ — $ 8,040 Interest Rate Swap Agreements** $ — $ (13,877 ) $ — $ (13,877 ) December 31, 2019 Cross-Currency Swaps* $ — $ 828 $ — $ 828 Interest Rate Swap Agreements* $ — $ 225 $ — $ 225 Interest Rate Swap Agreements** $ — $ (4,495 ) $ — $ (4,495 ) *Included in "Other assets" in the accompanying consolidated balance sheets. ** Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheets.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
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, 2020 and 2019 (amounts in thousands except per share information): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Income (numerator) Shares (denominator) Per Share Amount Income Shares Per Share Basic EPS: Net loss $ (62,965 ) $ (25,847 ) Less: preferred dividend requirements (6,034 ) (12,068 ) Net loss available to common shareholders $ (68,999 ) 76,310 $ (0.90 ) $ (37,915 ) 77,388 $ (0.49 ) Diluted EPS: Net loss available to common shareholders $ (68,999 ) 76,310 $ (37,915 ) 77,388 Effect of dilutive securities: Share options — — — — Net loss available to common shareholders $ (68,999 ) 76,310 $ (0.90 ) $ (37,915 ) 77,388 $ (0.49 ) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Income Shares Per Share Income Shares Per Share Basic EPS: Income from continuing operations $ 46,421 $ 94,885 Less: preferred dividend requirements (6,034 ) (12,068 ) Income from continuing operations available to common shareholders $ 40,387 76,164 $ 0.53 $ 82,817 75,426 $ 1.10 Income from discontinued operations available to common shareholders $ 20,173 76,164 $ 0.27 $ 37,058 75,426 $ 0.49 Net income available to common shareholders $ 60,560 76,164 $ 0.80 $ 119,875 75,426 $ 1.59 Diluted EPS: Income from continuing operations available to common shareholders $ 40,387 76,164 $ 82,817 75,426 Effect of dilutive securities: Share options — 35 — 41 Income from continuing operations available to common shareholders $ 40,387 76,199 $ 0.53 $ 82,817 75,467 $ 1.10 Income from discontinued operations available to common shareholders $ 20,173 76,199 $ 0.26 $ 37,058 75,467 $ 0.49 Net income available to common shareholders $ 60,560 76,199 $ 0.79 $ 119,875 75,467 $ 1.59 The additional 2.2 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, 2020 and 2019 , and the additional 1.7 million and 1.6 million common shares that would result from the conversion of the Company’s 9.0% Series E cumulative convertible preferred shares for the three and six months ended June 30, 2020 and 2019 , respectively, 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 periods presented. Options to purchase 117 thousand and 4 thousand common shares at per share prices ranging from $44.62 to $76.63 and $73.84 to $76.63 were outstanding for the three and six months ended June 30, 2020 and 2019 , respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive. The dilutive effect of the potential common shares from the performance shares is included in diluted earnings per share upon the satisfaction of certain performance and market conditions. These conditions are evaluated at each reporting period and if the conditions have been satisfied during the reporting period, the number of contingently issuable shares are included in the computation of diluted earnings per share. During the three and six months ended June 30, 2020 , the Company determined the performance and market conditions were not met, therefore, none of the 62 thousand

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2020
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. During the six months ended June 30, 2020 , the Compensation and Human Capital Committee of the Board approved the 2020 Long Term Incentive Plan (2020 LTIP) as a sub-plan under the Company's 2016 Equity Incentive Plan. Under the 2020 LTIP, the Company awards performance shares and restricted shares to the Company's executive officers. At June 30, 2020 , there were 742,376 shares available for grant under the 2016 Equity Incentive Plan. Share Options Share options 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. 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, 2019 118,030 $ 44.62 — $ 76.63 $ 55.63 Exercised (1,410 ) 44.98 — 44.98 44.98 Granted 2,890 69.19 — 69.19 69.19 Forfeited/Expired (2,820 ) 44.98 — 44.98 44.98 Outstanding at June 30, 2020 116,690 $ 44.62 — $ 76.63 $ 56.36 The weighted average fair value of options granted was $3.73 and $4.64 during the six months ended June 30, 2020 and 2019 , respectively. The intrinsic value of share options exercised was $22 thousand and $2.7 million for the six months ended June 30, 2020 and 2019 , respectively. The following table summarizes outstanding and exercisable options at June 30, 2020 : Options outstanding Options exercisable Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 27,215 1.8 27,215 1.8 50.00 - 59.99 31,710 4.0 29,793 3.8 60.00 - 69.99 53,609 6.0 50,719 4.6 70.00 - 76.63 4,156 7.5 2,148 7.1 116,690 4.5 $ 56.36 $ — 109,875 3.8 $ 55.67 $ — 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, 2019 509,338 $ 67.88 Granted 211,549 69.09 Vested (228,557 ) 67.76 Forfeited (1,317 ) 68.38 Outstanding at June 30, 2020 491,013 $ 68.45 1.31 The holders of nonvested shares have voting rights and receive dividends from the date of grant. The fair value of the nonvested shares that vested was $16.0 million and $22.1 million for the six months ended June 30, 2020 and 2019 , respectively. At June 30, 2020 , unamortized share-based compensation expense related to nonvested shares was $18.3 million . Nonvested Performance Shares A summary of the Company's nonvested performance share activity and related information is as follows: Number of Outstanding at December 31, 2019 — Granted 61,615 Vested — Forfeited — Outstanding at June 30, 2020 61,615 The number of common shares issuable upon settlement of the performance shares granted during the six months ended June 30, 2020 will be based upon the Company's achievement level relative to the following performance measures at December 31, 2022: 50% based upon the Company's Total Shareholder Return (TSR) relative to the TSRs of the Company's peer group companies, 25% based upon the Company's TSR relative to the TSRs of companies in the MSCI US REIT Index and 25% based upon the Company's Average Annual Growth in AFFO per share over the three-year performance period. The Company's achievement level relative to the performance measures is assigned a specific payout percentage which is multiplied by a target number of performance shares. The performance shares based on relative TSR performance have market conditions and are valued using a Monte Carlo simulation model on the grant date, which resulted in a grant date fair value of approximately $3.0 million . The estimated fair value is amortized to expense over the three-year vesting period, which ends on December 31, 2022. The following assumptions were used in the Monte Carlo simulation for computing the grant date fair value of the performance shares with a market condition: risk-free interest rate of 1.4% , volatility factors in the expected market price of the Company's common shares of 18% and an expected life of three years . At June 30, 2020 , unamortized share-based compensation expense related to nonvested performance shares was $2.5 million . The performance shares based on growth in AFFO have a performance condition. The probability of achieving the performance condition is assessed at each reporting period. If it is deemed probable that the performance condition will be met, compensation cost will be recognized based on the closing price per share of the Company's common stock on the date of the grant multiplied by the number of awards expected to be earned. If it is deemed that it is not probable that the performance condition will be met, the Company will discontinue the recognition of compensation cost and any compensation cost previously recorded will be reversed. At June 30, 2020 , achievement of the performance condition for the performance shares granted during the six months ended June 30, 2020 was deemed not probable. The performance shares accrue dividend equivalents which are paid only if common shares are issued upon settlement of the performance shares. During the three and six months ended June 30, 2020 , the Company accrued dividend equivalents expected to be paid on earned awards of $19 thousand . 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, 2019 26,236 $ 77.54 Granted 74,767 31.57 Vested (26,236 ) 77.54 Outstanding at June 30, 2020 74,767 $ 31.57 0.92 The holders of restricted share units receive dividend equivalents from the date of grant. At June 30, 2020 , unamortized share-based compensation expense related to restricted share units was $2.2 million .

Discontinued Operations (Notes)

Discontinued Operations (Notes)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	Discontinued Operations During the year ended December 31, 2019, the Company completed the sale of its public charter school portfolio with the largest disposition occurring on November 22, 2019 consisting of 47 public charter school related assets, for net proceeds of approximately $449.6 million . The Company determined the dispositions of the remaining public charter school portfolio in 2019 represented a strategic shift that had a major effect on the Company's operations and financial results. Therefore, all public charter school investments disposed of by the Company during the year ended December 31, 2019 qualified as discontinued operations. Accordingly, the historical financial results of these public charter school investments are reflected in the Company's consolidated financial statements as discontinued operations for the three and six months ended June 30, 2019 . The operating results relating to discontinued operations are as follows (in thousands): Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Rental revenue $ 10,327 $ 20,758 Mortgage and other financing income 3,631 7,215 Total revenue 13,958 27,973 Property operating expense 174 416 Interest expense, net (180 ) (317 ) Depreciation and amortization 3,565 7,306 Income from discontinued operations before other items 10,399 20,568 Gain on sale of real estate 9,774 16,490 Income from discontinued operations $ 20,173 $ 37,058 The cash flow information relating to discontinued operations are as follows (in thousands): Six Months Ended June 30, 2019 Depreciation and amortization $ 7,306 Acquisition of and investments in real estate and other assets (1,827 ) Proceeds from sale of real estate 86,154 Investment in mortgage notes receivable (4,143 ) Proceeds from mortgage notes receivable paydowns 1,783 Additions to properties under development (15,041 ) Non-cash activity: Transfer of property under development to real estate investments $ 4,748 Interest cost capitalized 317

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company groups its investments into two reportable operating segments: Experiential and Education. Due to the Company's change to two reportable segments during the year ended December 31, 2019, certain reclassifications have been made to the 2019 presentation to conform to the current presentation. The financial information summarized below is presented by reportable operating segment (in thousands): Balance Sheet Data: As of June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Total Assets $ 5,253,239 $ 721,098 $ 1,028,641 $ 7,002,978 As of December 31, 2019 Experiential Education Corporate/Unallocated Consolidated Total Assets $ 5,307,295 $ 730,165 $ 540,051 $ 6,577,511 Operating Data: Three Months Ended June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 84,204 $ 13,327 $ — $ 97,531 Other income 8 — 408 416 Mortgage and other financing income 8,108 305 — 8,413 Total revenue 92,320 13,632 408 106,360 Property operating expense 14,514 628 187 15,329 Other expense 2,798 — — 2,798 Total investment expenses 17,312 628 187 18,127 Net operating income - before unallocated items 75,008 13,004 221 88,233 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (10,432 ) Costs associated with loan refinancing or payoff (820 ) Interest expense, net (38,340 ) Transaction costs (771 ) Credit loss expense (3,484 ) Impairment charges (51,264 ) Depreciation and amortization (42,450 ) Equity in loss from joint ventures (1,724 ) Impairment charges on joint ventures (3,247 ) Gain on sale of real estate 22 Income tax benefit 1,312 Net loss (62,965 ) Preferred dividend requirements (6,034 ) Net loss available to common shareholders of EPR Properties $ (68,999 ) Operating Data: Three Months Ended June 30, 2019 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 129,271 $ 17,732 $ — $ 147,003 Other income 5,423 — 303 5,726 Mortgage and other financing income 8,761 250 — 9,011 Total revenue 143,455 17,982 303 161,740 Property operating expense 13,488 882 227 14,597 Other expense 8,091 — — 8,091 Total investment expenses 21,579 882 227 22,688 Net operating income - before unallocated items 121,876 17,100 76 139,052 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (12,230 ) Interest expense, net (36,458 ) Transaction costs (6,923 ) Depreciation and amortization (38,790 ) Equity in income from joint ventures 470 Income tax benefit 1,300 Discontinued operations: Income from discontinued operations 10,399 Gain on sale of real estate from discontinued operations 9,774 Net income 66,594 Preferred dividend requirements (6,034 ) Net income available to common shareholders of EPR Properties $ 60,560 Operating Data: Six Months Ended June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 202,864 $ 29,710 $ — $ 232,574 Other income 7,213 — 776 7,989 Mortgage and other financing income 16,152 657 — 16,809 Total revenue 226,229 30,367 776 257,372 Property operating expense 26,843 1,169 410 28,422 Other expense 12,332 — — 12,332 Total investment expenses 39,175 1,169 410 40,754 Net operating income - before unallocated items 187,054 29,198 366 216,618 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (21,420 ) Costs associated with loan refinancing or payoff (820 ) Interest expense, net (73,093 ) Transaction costs (1,846 ) Credit loss expense (4,676 ) Impairment charges (51,264 ) Depreciation and amortization (86,260 ) Equity in loss from joint ventures (2,144 ) Impairment charges on joint ventures (3,247 ) Gain on sale of real estate 242 Income tax benefit 2,063 Net loss (25,847 ) Preferred dividend requirements (12,068 ) Net loss available to common shareholders of EPR Properties $ (37,915 ) Operating Data: Six Months Ended June 30, 2019 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 253,287 $ 34,008 $ — $ 287,295 Other income 5,494 — 576 6,070 Mortgage and other financing income 18,129 773 — 18,902 Total revenue 276,910 34,781 576 312,267 Property operating expense 27,936 1,752 460 30,148 Other expense 8,091 — — 8,091 Total investment expenses 36,027 1,752 460 38,239 Net operating income - before unallocated items 240,883 33,029 116 274,028 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (23,940 ) Severance expense (420 ) Interest expense, net (70,421 ) Transaction costs (12,046 ) Depreciation and amortization (74,792 ) Equity in income from joint ventures 959 Loss on sale of real estate (388 ) Income tax benefit 1,905 Discontinued operations: Income from discontinued operations 20,568 Gain on sale of real estate from discontinued operations 16,490 Net income 131,943 Preferred dividend requirements (12,068 ) Net income available to common shareholders of EPR Properties $ 119,875

Other Commitments And Contingen

Other Commitments And Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Other Commitments And Contingencies	Other Commitments and Contingencies As of June 30, 2020 , the Company had 10 development projects with commitments to fund an aggregate of approximately $81.7 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, 2020 , the Company had three mortgage notes and notes receivable with commitments totaling approximately $25.9 million . If commitments are funded in the future, interest will be charged at rates consistent with the existing investments. 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, 2020 , the Company had two surety bonds outstanding totaling $31.6 million

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Jun. 30, 2020
Subsequent Event [Line Items]
Subsequent Events [Text Block]	Subsequent Events On July 31, 2020, the Company entered into a Forbearance Agreement (the Forbearance Agreement), a Master Lease Agreement (the Master Lease) and seven amended lease agreements (the Transitional Leases and collectively with the Master Lease, the Leases) with AMC, its affiliate tenants of the Company (AMC and such affiliates, collectively, AMC Tenant), and AMC Entertainment Holdings, Inc. (Guarantor), relating to all 53 properties currently leased to AMC Tenant (the Leased Properties). These agreements restructured the then-existing lease terms for the Leased Properties in light of the continuing impact of the COVID-19 pandemic on AMC Tenant's operations. Effective July 1, 2020, the Leased Properties are leased to AMC Tenant pursuant to the following leases: • Master Lease relating to 46 Leased Properties (the Master Lease Properties), and • Seven Transitional Leases relating to seven Leased Properties (the Transitional Properties). In addition, AMC Tenant and the Company entered into the following related agreements: • Security Agreement granting to the Company a security interest subordinated to AMC's secured credit agreements and indentures in all of AMC Tenant’s property located at the Leased Properties to secure AMC Tenant’s obligations to the Company under the Forbearance Agreement and the Leases, • Guaranty providing a guaranty by Guarantor of AMC Tenant’s obligations to the Company under the Forbearance Agreement and the Leases, and • Capital Improvements Agreement providing a financial mechanism for the Company to provide AMC Tenant with up to $35 million of funds to complete improvements to the Master Lease Properties in exchange for increased annual fixed rent. The prior leases for the 46 Master Lease Properties were replaced with a single Master Lease. The Company agreed to reduce total annual fixed rent on the 46 Master Lease Properties by approximately $19.4 million to approximately $87.8 million (including approximately $6.8 million of ground rent and the repayment of deferral amounts for the months of April, May and June 2020). The Company agreed to the deferral of all fixed rent due under the prior leases of the Master Lease Properties for the months of April, May and June 2020. This total amount deferred is included in the calculation of the fixed rent under the Master Lease and is amortized over the first 14 years of the Master Lease term. The Master Lease Properties have been divided into four tranches, with the initial term of each tranche expiring on a different date: June 30, 2034, June 30, 2035, June 30, 2036 and June 30, 2037. The AMC Tenant may exercise up to three 5 -year extensions for each tranche. If AMC Tenant elects not to exercise an extension option with respect to a tranche, fixed rent will be reduced by the fair market rental value of Master Lease Properties included in such tranche at that time, determined in accordance with the Master Lease. Upon the expiration of the initial term of each tranche or expiration of any extension option of each tranche and the election by AMC Tenant to further extend the term of such tranche, AMC Tenant may elect to remove up to two Master Lease Properties included in the tranche, which will result in a reduction in the annual fixed rent equal to the fair market rental value of such removed Master Lease Properties at that time, determined in accordance with the Master Lease. AMC Tenant may not remove more than 10 Master Lease Properties in total and not more than three Master Lease Properties per tranche during the entirety of the Master Lease term. Each lease for the seven Transitional Properties was amended by the parties. The Company agreed to reduce the aggregate annual fixed rent on the Transitional Properties by approximately $6.2 million to approximately $8.1 million (including approximately $1.2 million of ground rent and the repayment of deferral amounts for the months of April, May and June, 2020). The Company agreed to the deferral of all fixed rent due under the Transitional Leases for the months of April, May and June 2020. This total amount deferred under each Transitional Lease is included in the calculation of the fixed rent under the Transitional Lease and amortized over the remaining current term of the Transitional Lease. The Transitional Leases have expiration dates occurring between November 2026 and March 2029. Pursuant to the Master Lease and the Forbearance Agreement, commencing on July 1, 2020 and continuing through December 31, 2020, in lieu of monthly fixed rent AMC Tenant agreed to pay percentage rent of 15% of total gross sales/receipts during such month, not to exceed the deferred monthly fixed rent for the Leased Properties. The difference between the scheduled monthly fixed rent and the percentage rent actually paid to the Company will be additional deferred rent that, beginning in February 2021, will be added to fixed cash rent and amortized over the remaining portion of the first 14 years of the term of the Master Lease or over the remaining current term in the case of Transitional Leases. The Leases are triple-net leases requiring AMC Tenant to be responsible at all times for taxes, assessments, maintenance and operating costs, common area charges, association fees, ground rent, insurance premiums, utility charges and similar pass-through charges. Fixed rent of the Master Lease (excluding the portion attributable to deferred rent) will increase by 7.5% every five years during the term and any extensions. The Company may terminate each Transitional Lease by giving the AMC Tenant 90 days' prior notice of termination. Upon termination of a Transitional Lease by the Company, AMC Tenant has agreed to (1) cooperate with the Company in transitioning the applicable Transitional Property to a new operator to ensure seamless transfer of management and re-branding, and (2) transfer certain property, including fixtures, furnishings and equipment, located or used at the applicable Transitional Property in exchange for a credit to the unpaid deferred amount due under the Transitional Lease.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2020
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, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 . Amounts as of December 31, 2019 have been derived from the audited consolidated financial statements as of that date and should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission (SEC) on February 25, 2020. 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) but can exercise influence over the entity with respect to its operations and major decisions. 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. As of June 30, 2020 and December 31, 2019 , the Company does not have any investments in consolidated VIEs.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Adopted Accounting Pronouncements On January 1, 2020, Accounting Standards Update (ASU) No. 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326) 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, 2020. On the effective date, the Company recognized credit loss expense through retained earnings and the corresponding allowance for credit losses of approximately $2.2 million , which was comprised of $2.1 million related to mortgage notes receivable and $0.1 million related to notes receivable (which are presented within other assets in the accompanying consolidated balance sheet). See Note 6 for information related to the Company's measurement of credit losses on its mortgage notes and notes receivable. On April 10, 2020, the FASB issued a Staff Q&A on Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic. The purpose of this Staff Q&A was to respond to frequently asked questions about accounting for lease concessions related to the effects of the COVID-19 pandemic. In response to the Staff Q&A, the Company elected to not assess deferrals and rent concessions occurring during the period effected by the COVID-19 pandemic as lease modifications. The Company continues to evaluate the impacts of COVID-19 on the Company's lease accounting and related processes. See Rental Revenue below for further information on the Company's accounting for deferrals and other lease modifications.
Operating Segments	Reportable Segments The Company has two reportable operating segments: Experiential and Education. The Experiential segment includes the following property types: theatres, eat & play (including seven theatres located in entertainment districts), attractions, ski, experiential lodging, gaming, cultural and fitness & wellness. The Education segment includes the following property types: early childhood education centers and private schools. See Note 16
Rental Properties	Real Estate Investments Real estate investments are carried at initial recorded value 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 years to 40 years for buildings, three years to 25 years for furniture, fixtures and equipment and 10 years 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. Management reviews a property for impairment whenever events or changes in circumstances indicate that the carrying value of a property may not be recoverable, which 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 and 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 and identified intangible assets and liabilities 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 and identified intangible assets and liabilities as well as any noncontrolling interest. Acquisition-related costs in connection with business combinations are expensed as incurred and included in transaction costs in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. For real estate acquisitions (asset acquisitions or business combinations), the fair value (or relative fair value in an asset acquisition) of the tangible assets is determined by valuing the property using recent independent appraisals or methods similar to those used by independent appraisers. Land is valued using the sales comparison approach which uses available market data from recent comparable land sales as an input to estimate the fair value. Site improvements and tenant improvements are valued using the cost approach which uses replacement cost data obtained from industry recognized guides less depreciation as an input to estimate the fair value. The building is valued either using the cost approach described above or a combination of the cost and the income approach. The income approach uses market leasing assumptions to estimate the fair value of the property as if vacant. The cost and income approaches are reconciled to arrive at an estimated building fair value.
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 $35.9 million and $37.2 million as of June 30, 2020 and December 31, 2019 , respectively, are shown as a reduction of debt. The deferred financing costs of $4.3 million and $3.5 million as of June 30, 2020 and December 31, 2019
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. 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. 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 revenue if collectibility of these future rents is not probable. For the six months ended June 30, 2020 , the Company recognized straight-line write-offs totaling $13.0 million , which were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. Straight-line rental revenue, net of write-offs, was a reduction to total rental revenue of $7.5 million for the six months ended June 30, 2020 . For the six months ended June 30, 2019 , the Company recognized $1.4 million (of which $1.2 million has been classified within discontinued operations) of straight-line write-offs and total straight-line rental revenue net of these write-offs was $5.6 million (of which $0.9 million has been classified within discontinued operations). Substantially all the Company's customers' operations were temporarily closed for a portion of or all of the three months ended June 30, 2020 as a result of the COVID-19 pandemic. Certain of these customers' operations remain closed, while others have implemented re-opening plans. In response, the Company has agreed to defer rent for a substantial portion of its customers. In reliance upon a FASB Staff Q&A, the Company intends to not treat qualifying deferrals or rent concessions during the period effected by the COVID-19 pandemic as lease modifications. While deferments for this and future periods delay rent payments, these deferments generally do not release customers from the obligation to pay the deferred amounts in the future. Deferred rent amounts will be reflected in the Company's financial statements as accounts receivable if collection is determined to be probable or will be recognized when received as variable lease payments if collection is determined to not be probable. Certain agreements with tenants where remaining lease terms are extended or changes are made to rent outside of the period impacted by COVID-19 are treated as lease modifications. In these circumstances, upon an executed lease modification, if the tenant is not being recognized on a cash basis, the contractual rent reflected in accounts receivable and straight-line rent receivable will be amortized over the remaining term of the lease against rental revenue. In limited cases, customers may be entitled to the abatement of rent during governmentally imposed prohibitions on business operations which is recognized in the period to which it relates, or the Company may provide rent concessions to tenants. In cases where the Company provides concessions to tenants to which they are not otherwise entitled, those amounts will be recognized in the period in which the concession is granted unless the changes are accounted for as lease modifications. The Company will continue to evaluate the impacts of COVID-19 on the Company's lease receivables and related accounting processes. Most 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, 2020 and 2019 , the Company recognized $0.9 million and $4.3 million , respectively, 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 districts, 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. For the six months ended June 30, 2020 and 2019 , the non-lease components included in rental revenue totaled $7.0 million and $7.6 million , respectively. 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 parameters have been met as provided by the lease agreement. Rental revenue included percentage rents of $4.2 million and $5.5 million for the six months ended June 30, 2020 and 2019 , 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. When the collectibility of lease receivables or future lease payments are no longer probable, the Company records a direct write-off of the receivable to rental revenue and recognizes future rental revenue on a cash basis.
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. Certain reclassifications have been made to prior period amounts to conform to the current period presentation for assets that qualify for presentation as discontinued 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 less allowance for credit loss. 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 adopted Topic 326 effective January 1, 2020, which requires allowance for credit losses to be recorded to reflect that all mortgage notes and notes receivable have some inherent risk of loss regardless of credit quality, collateral, or other mitigating factors. While Topic 326 does not require any particular method for determining the reserves, it does specify that it should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions, as well as reasonable and supportable forecasts for the term of each mortgage note or note receivable. The Company uses a forward looking commercial real estate forecasting tool to estimate its current expected credit losses (CECL) for each of its mortgage notes and notes receivable on a loan by loan basis. The CECL allowance required by Topic 326 is a valuation account that is deducted from the related mortgage note or note receivable. Certain of the Company’s mortgage notes and notes receivable include commitments to fund incremental amounts to its borrowers. These future funding commitments are also subject to the CECL model. The allowance related to future funding is recorded as a liability and is included in Accounts payable and accrued liabilities in the accompanying consolidated balance sheet. As permitted under Topic 326, the Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables related to its mortgage notes and notes receivable. Accordingly, if accrued interest receivable is deemed to be uncollectible, the Company will record any necessary write-offs as a reversal of interest income. As of June 30, 2020 , the Company believes that all accrued interest is collectible. In the event the Company has a past due mortgage note or note receivable and foreclosure is probable, the Company measures expected credit losses based on the fair value of the collateral. The Company evaluates the collectability of both interest and principal for each of its mortgage notes and notes receivable on a quarterly basis to determine if foreclosure is probable. As of June 30, 2020 , the Company does not have any mortgage notes receivable with past due principal balances. Effective January 1, 2020, the Company adopted Topic 326, which requires the Company to estimate and record credit losses for each of its mortgage notes and note receivable. The Company measures expected credit losses on its mortgage notes and notes receivable on an individual basis over the related contractual term as its financial instruments do not have similar risk characteristics. The Company has not experienced historical losses on its mortgage note portfolio; therefore, the Company uses a forward looking commercial real estate loss forecasting tool to estimate its expected credit losses. The loss forecasting tool is comprised of a probability of default model and a loss given default model that utilizes the Company’s loan specific inputs as well as selected forward looking macroeconomic variables and mean loss rates. Based on certain inputs, such as origination year, balance, interest rate as well as collateral value and borrower operating income, the model produces life of loan expected losses on a loan by loan basis. As of June 30, 2020 , the Company did not anticipate any prepayments therefore the contractual term of its mortgage notes was used for the calculation of the expected credit losses. The Company updates the model inputs at each reporting period to reflect, if applicable, any newly originated loans, changes to loan specific information on existing loans and current macroeconomic conditions. During the six months ended June 30, 2020 , the Company increased its expected credit losses by $4.7 million from its implementation estimate of $2.2 million . This increase was as a result of additional fundings as well as adjustments to current macroeconomic conditions resulting from the economic uncertainty and the rapidly changing environment surrounding the COVID-19 pandemic. In response to the COVID-19 pandemic, the Company deferred interest payments for four borrowers. The deferrals require the borrower to pay the deferred interest in future periods. The Company assessed the deferrals and determined that the modifications did not result in troubled debt restructurings at June 30, 2020. Investment in mortgage notes, including related accrued interest receivable, at June 30, 2020 and December 31, 2019 consists of the following (in thousands): Outstanding principal amount of mortgage Carrying amount as of Unfunded commitments Description Year of Origination Interest Rate Maturity Date June 30, 2020 December 31, 2019 (1) June 30, 2020 Attraction property Powells Point, North Carolina 2019 7.75 % 6/30/2025 $ 27,423 $ 26,480 $ 27,423 $ — Fitness & wellness property Omaha, Nebraska 2017 7.85 % 1/3/2027 10,905 11,002 10,977 — Fitness & wellness property Merriam, Kansas 2019 7.55 % 7/31/2029 8,384 8,515 5,985 707 Ski property Girdwood, Alaska 2019 8.25 % 12/31/2029 37,000 36,975 37,000 20,000 Fitness & wellness property Omaha, Nebraska 2016 7.85 % 6/30/2030 5,773 5,889 5,803 5,145 Experiential lodging property Nashville, Tennessee 2019 6.99 % 9/30/2031 71,223 68,311 70,396 — Eat & play property Austin, Texas 2012 11.31 % 6/1/2033 11,488 11,814 11,582 — Ski property West Dover and Wilmington, Vermont 2007 11.78 % 12/1/2034 51,050 51,023 51,050 — Four ski properties Ohio and Pennsylvania 2007 10.75 % 12/1/2034 37,562 37,392 37,562 — Ski property Chesterland, Ohio 2012 11.21 % 12/1/2034 4,550 4,367 4,550 — Ski property Hunter, New York 2016 8.57 % 1/5/2036 21,000 20,999 21,000 — Eat & play property Midvale, Utah 2015 10.25 % 5/31/2036 17,505 17,952 17,505 — Eat & play property West Chester, Ohio 2015 9.75 % 8/1/2036 18,068 18,498 18,068 — Private school property Mableton, Georgia 2017 9.02 % 4/30/2037 4,674 5,055 5,048 — Fitness & wellness property Fort Collins, Colorado 2018 7.85 % 1/31/2038 10,292 10,235 10,360 — Early childhood education center Lake Mary, Florida 2019 7.87 % 5/9/2039 4,200 4,304 4,258 — Eat & play property Eugene, Oregon 2019 8.13 % 6/17/2039 14,700 14,799 14,800 — Early childhood education center Lithia, Florida 2017 8.25 % 10/31/2039 3,959 4,058 4,024 — $ 359,756 $ 357,668 $ 357,391 $ 25,852 (1) Balances as of December 31, 2019 are prior to the adoption of ASC Topic 326. Investment in notes receivable, including related accrued interest receivable, was $14.0 million at June 30, 2020 and December 31, 2019 , and is included in Other assets in the accompanying consolidated balance sheets. The following summarizes the activity within the allowance for credit losses related to mortgage notes, unfunded commitments and notes receivable for the six months ended June 30, 2020 (in thousands): Mortgage notes receivable Unfunded commitments Notes receivable Total Allowance for credit losses at January 1, 2020 $ 2,000 $ 114 $ 49 $ 2,163 Credit loss expense 4,422 73 181 4,676 Charge-offs — — — — Recoveries — — — — Allowance for credit losses $ 6,422 $ 187 $ 230 $ 6,839 The following table summarizes the carrying amounts of accounts receivable as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Receivable from tenants $ 68,254 $ 11,373 Receivable from non-tenants 816 2,103 Straight-line rent receivable 65,704 73,382 Total $ 134,774 $ 86,858 During the six months ended June 30, 2020 , the Company wrote-off straight-line receivables totaling $13.0 million , to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. The $13.0 million straight-line write-offs were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. As of June 30, 2020, receivable from tenants includes fixed rent payments of approximately $60.0 million that were deferred due to the COVID-19 pandemic and determined to be collectible. Additionally, approximately $41.0 million
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 parameters have been met as provided by the mortgage agreement. There was no participating interest income for the six months ended June 30, 2020 and 2019 . For the six months ended June 30, 2019 , mortgage and other financing income included $0.9 million in prepayment fees related to mortgage notes that were paid fully in advance of their maturity date. There were no prepayment fees recognized during the six months ended June 30, 2020 .
Concentrations Of Risk	Concentrations of Risk Topgolf USA (Topgolf), Regal Entertainment Group (Regal) and American Multi-Cinema, Inc. (AMC) represented a significant portion of the Company's total revenue for the six months ended June 30, 2020 and 2019. The Company began recognizing revenue on a cash basis for AMC in the first quarter of 2020 and cash payments have been reduced due to the impact of COVID-19. The following is a summary of the Company's total revenue (including revenue from discontinued operations) derived from rental or interest payments from Topgolf, Regal and AMC (dollars in thousands): Six Months Ended June 30, 2020 2019 Total Revenue % of Company's Total Revenue Total Revenue % of Company's Total Revenue Topgolf $ 40,129 15.6 % $ 37,719 11.1 % Regal 39,099 15.2 % 32,620 9.6 % AMC 22,144 8.6 % 61,364 18.0 %
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.
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 (loss) income and comprehensive (loss) income was $6 thousand and $5 thousand for the six months ended June 30, 2020 and 2019 , 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 years or four years ). Expense recognized related to nonvested shares and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $5.4 million and $5.6 million for the six months ended June 30, 2020 and 2019 , respectively. Expense recognized related to nonvested shares and included in severance expense in the accompanying consolidated statement of income was $0.1 million for the six months ended June 30, 2019 . Nonvested Performance Shares Issued to Employees During the six months ended June 30, 2020 , the Compensation and Human Capital Committee of the Board of Trustees (Board) approved the 2020 Long Term Incentive Plan (the 2020 LTIP) as a sub-plan under the Company's 2016 Equity Incentive Plan. Under the 2020 LTIP, the Company awards performance shares and restricted shares to the Company's executive officers. The performance shares contain both a market condition and a performance condition. The Company amortizes the expense related to the performance shares over the future vesting period of three years . Expense recognized related to performance shares and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $0.5 million for the six months ended June 30, 2020 .
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 and included in general and administrative expense in the accompanying consolidated statements of (loss) income and comprehensive (loss) income was $1.0 million and $0.9 million for the six months ended June 30, 2020 and 2019 , respectively.
Derivative Instruments	Derivative Instruments The Company uses derivative instruments to reduce exposure to fluctuations in foreign currency exchange rates and variable interest rates. 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 foreign currency risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows 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 hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. For its net investment hedges that hedge the foreign currency exposure of its Canadian investments, 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. If hedge accounting is not applied, realized and unrealized gains or losses are reported in earnings. 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 March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) . The ASU contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the six months ended June 30, 2020
Unusual Risks and Uncertainties [Table Text Block]	Risks and Uncertainties On March 11, 2020, the World Health Organization declared a novel strain of coronavirus (COVID-19) a pandemic, and on March 13, 2020, the United States declared a national emergency with respect to COVID-19. The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. The extent of the impact of COVID-19 on the Company’s business is highly uncertain and difficult to predict, as information is rapidly evolving. The outbreak of COVID-19 has severely impacted global economic activity and caused significant volatility and negative pressure in financial markets. The global impact of the outbreak has been rapidly evolving and many jurisdictions within the United States and abroad have reacted by instituting quarantines, mandating business and school closures and restricting travel. As a result, the COVID-19 pandemic is negatively impacting almost every industry directly or indirectly and is severely impacting experiential real estate properties given that such properties rely on social interaction and discretionary consumer spending. Substantially all the Company's customers' operations were temporarily closed for a portion of or all of the three months ended June 30, 2020. Certain of these customers' operations remain closed, while others have implemented re-opening plans. Specifically, most of the Company's theatre tenants have not reopened their locations. The severity of the impact of COVID-19 on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on consumers and our customers, all of which are uncertain and cannot be predicted. COVID-19 has negatively affected, and COVID-19 (or a future pandemic) could have material and adverse effects on, the Company's ability to successfully operate and on its financial condition, results of operations and cash flows. The Company’s consolidated financial statements reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. The Company considered the impact of COVID-19 on the assumptions and estimates used in determining the Company’s financial condition and results of operations for the six months ended June 30, 2020. The following were adverse impacts to its financial statements during the six months ended June 30, 2020: • The Company recognized straight-line write-offs totaling $13.0 million , which were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. Straight-line rental revenue, net of write-offs, was a reduction to total rental revenue of $7.5 million for the six months ended June 30, 2020. • The Company increased its expected credit losses by $4.7 million from its implementation estimate of $2.2 million . This increase was primarily the result of increased fundings and the economic uncertainty and the rapidly changing environment surrounding the COVID-19 pandemic. • The Company reduced rental revenue by $4.9 million due to contractual rent abatements and $3.8 million for rent concessions for certain of its tenants due to COVID-19. • The Company deferred approximately $60.0 million of amounts due from tenants and $3.5 million due from borrowers that were booked as receivables and approximately $41.0 million of amounts due from tenants that were not booked as receivables as the full amounts were not deemed probable of collection as a result of COVID-19 pandemic. The amounts not booked as receivables remain obligations of the tenants and will be recognized as revenue when received. The repayment terms for all of these deferments vary by tenant or borrower and several are still being negotiated. • For the six months ended June 30, 2020, the Company recognized revenue from American-Multi Cinema, Inc. (AMC) as well as several smaller tenants on a cash basis. See Note 18 for additional details on the agreements entered into with AMC on July 31, 2020. • The Company recognized $51.3 million in impairment charges during the three and six months ended June 30, 2020, which was comprised of $36.3 million of impairments of real estate investments, and $15.0 million of impairments of operating lease right-of-use assets. • The Company recognized impairment charges on joint ventures of $3.2 million related to its equity investments in three theatres projects located in China. • On March 20, 2020, the Company borrowed $750.0 million under its unsecured revolving credit facility as a precautionary measure to increase the Company's cash position and preserve financial flexibility given the global uncertainty caused by the COVID-19 pandemic. On June 29, 2020, the Company amended its Consolidated Credit Agreement, which governs its unsecured revolving credit facility and its unsecured term loan facility, and its Note Purchase Agreement, which governs its private placement notes. The amendments modified certain provisions and waived the Company's obligation to comply with certain covenants under these debt agreements in light of the continuing financial and operational impacts of the COVID-19 pandemic on the Company and its tenants and borrowers. The modifications are generally effective during the covenant relief period, which is defined as the period of time beginning June 29, 2020 and ending on the earlier of (i) April 1, 2021 or (ii) the date on which the Company provides notice that it elects to terminate the covenant relief period, subject to certain conditions. See Note 8 for additional details. On the effective date of the amendments, June 29, 2020, the Company suspended its share repurchase plan. Prior to the effective date, during the six months ended June 30, 2020, the Company repurchased 4,066,716 common shares under the share repurchase program for approximately $106.0 million . The repurchases were made under a Rule 10b5-1 trading plan. The monthly cash dividends to common shareholders were suspended following the common share dividend paid on May 15, 2020 to shareholders of record as of April 30, 2020. The suspension of the monthly cash dividend to common shareholders will continue through the covenant relief period, except as may be necessary to maintain REIT status and to not owe income tax. In March 2020, the Company's employees transitioned to a fully remote work force to protect the safety and well-being of the Company's personnel. The Company's prior investments in technology, business continuity planning and cyber-security protocols have enabled the Company to continue working with limited operational impacts.

Rental Properties (Tables)

Rental Properties (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Buildings and improvements $ 4,709,211 $ 4,747,101 Furniture, fixtures & equipment 121,913 123,239 Land 1,287,656 1,290,181 Leasehold interests 26,050 26,041 6,144,830 6,186,562 Accumulated depreciation (1,034,771 ) (989,254 ) Total $ 5,110,059 $ 5,197,308

Investment in Mortgage Notes an

Investment in Mortgage Notes and Notes Receivable Investment in Mortgage Notes and Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Credit Losses [Text Block]	The following summarizes the activity within the allowance for credit losses related to mortgage notes, unfunded commitments and notes receivable for the six months ended June 30, 2020 (in thousands): Mortgage notes receivable Unfunded commitments Notes receivable Total Allowance for credit losses at January 1, 2020 $ 2,000 $ 114 $ 49 $ 2,163 Credit loss expense 4,422 73 181 4,676 Charge-offs — — — — Recoveries — — — — Allowance for credit losses $ 6,422 $ 187 $ 230 $ 6,839
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 less allowance for credit loss. 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 adopted Topic 326 effective January 1, 2020, which requires allowance for credit losses to be recorded to reflect that all mortgage notes and notes receivable have some inherent risk of loss regardless of credit quality, collateral, or other mitigating factors. While Topic 326 does not require any particular method for determining the reserves, it does specify that it should be based on relevant information about past events, including historical loss experience, current portfolio and market conditions, as well as reasonable and supportable forecasts for the term of each mortgage note or note receivable. The Company uses a forward looking commercial real estate forecasting tool to estimate its current expected credit losses (CECL) for each of its mortgage notes and notes receivable on a loan by loan basis. The CECL allowance required by Topic 326 is a valuation account that is deducted from the related mortgage note or note receivable. Certain of the Company’s mortgage notes and notes receivable include commitments to fund incremental amounts to its borrowers. These future funding commitments are also subject to the CECL model. The allowance related to future funding is recorded as a liability and is included in Accounts payable and accrued liabilities in the accompanying consolidated balance sheet. As permitted under Topic 326, the Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables related to its mortgage notes and notes receivable. Accordingly, if accrued interest receivable is deemed to be uncollectible, the Company will record any necessary write-offs as a reversal of interest income. As of June 30, 2020 , the Company believes that all accrued interest is collectible. In the event the Company has a past due mortgage note or note receivable and foreclosure is probable, the Company measures expected credit losses based on the fair value of the collateral. The Company evaluates the collectability of both interest and principal for each of its mortgage notes and notes receivable on a quarterly basis to determine if foreclosure is probable. As of June 30, 2020 , the Company does not have any mortgage notes receivable with past due principal balances. Effective January 1, 2020, the Company adopted Topic 326, which requires the Company to estimate and record credit losses for each of its mortgage notes and note receivable. The Company measures expected credit losses on its mortgage notes and notes receivable on an individual basis over the related contractual term as its financial instruments do not have similar risk characteristics. The Company has not experienced historical losses on its mortgage note portfolio; therefore, the Company uses a forward looking commercial real estate loss forecasting tool to estimate its expected credit losses. The loss forecasting tool is comprised of a probability of default model and a loss given default model that utilizes the Company’s loan specific inputs as well as selected forward looking macroeconomic variables and mean loss rates. Based on certain inputs, such as origination year, balance, interest rate as well as collateral value and borrower operating income, the model produces life of loan expected losses on a loan by loan basis. As of June 30, 2020 , the Company did not anticipate any prepayments therefore the contractual term of its mortgage notes was used for the calculation of the expected credit losses. The Company updates the model inputs at each reporting period to reflect, if applicable, any newly originated loans, changes to loan specific information on existing loans and current macroeconomic conditions. During the six months ended June 30, 2020 , the Company increased its expected credit losses by $4.7 million from its implementation estimate of $2.2 million . This increase was as a result of additional fundings as well as adjustments to current macroeconomic conditions resulting from the economic uncertainty and the rapidly changing environment surrounding the COVID-19 pandemic. In response to the COVID-19 pandemic, the Company deferred interest payments for four borrowers. The deferrals require the borrower to pay the deferred interest in future periods. The Company assessed the deferrals and determined that the modifications did not result in troubled debt restructurings at June 30, 2020. Investment in mortgage notes, including related accrued interest receivable, at June 30, 2020 and December 31, 2019 consists of the following (in thousands): Outstanding principal amount of mortgage Carrying amount as of Unfunded commitments Description Year of Origination Interest Rate Maturity Date June 30, 2020 December 31, 2019 (1) June 30, 2020 Attraction property Powells Point, North Carolina 2019 7.75 % 6/30/2025 $ 27,423 $ 26,480 $ 27,423 $ — Fitness & wellness property Omaha, Nebraska 2017 7.85 % 1/3/2027 10,905 11,002 10,977 — Fitness & wellness property Merriam, Kansas 2019 7.55 % 7/31/2029 8,384 8,515 5,985 707 Ski property Girdwood, Alaska 2019 8.25 % 12/31/2029 37,000 36,975 37,000 20,000 Fitness & wellness property Omaha, Nebraska 2016 7.85 % 6/30/2030 5,773 5,889 5,803 5,145 Experiential lodging property Nashville, Tennessee 2019 6.99 % 9/30/2031 71,223 68,311 70,396 — Eat & play property Austin, Texas 2012 11.31 % 6/1/2033 11,488 11,814 11,582 — Ski property West Dover and Wilmington, Vermont 2007 11.78 % 12/1/2034 51,050 51,023 51,050 — Four ski properties Ohio and Pennsylvania 2007 10.75 % 12/1/2034 37,562 37,392 37,562 — Ski property Chesterland, Ohio 2012 11.21 % 12/1/2034 4,550 4,367 4,550 — Ski property Hunter, New York 2016 8.57 % 1/5/2036 21,000 20,999 21,000 — Eat & play property Midvale, Utah 2015 10.25 % 5/31/2036 17,505 17,952 17,505 — Eat & play property West Chester, Ohio 2015 9.75 % 8/1/2036 18,068 18,498 18,068 — Private school property Mableton, Georgia 2017 9.02 % 4/30/2037 4,674 5,055 5,048 — Fitness & wellness property Fort Collins, Colorado 2018 7.85 % 1/31/2038 10,292 10,235 10,360 — Early childhood education center Lake Mary, Florida 2019 7.87 % 5/9/2039 4,200 4,304 4,258 — Eat & play property Eugene, Oregon 2019 8.13 % 6/17/2039 14,700 14,799 14,800 — Early childhood education center Lithia, Florida 2017 8.25 % 10/31/2039 3,959 4,058 4,024 — $ 359,756 $ 357,668 $ 357,391 $ 25,852 (1) Balances as of December 31, 2019 are prior to the adoption of ASC Topic 326. Investment in notes receivable, including related accrued interest receivable, was $14.0 million at June 30, 2020 and December 31, 2019 , and is included in Other assets in the accompanying consolidated balance sheets. The following summarizes the activity within the allowance for credit losses related to mortgage notes, unfunded commitments and notes receivable for the six months ended June 30, 2020 (in thousands): Mortgage notes receivable Unfunded commitments Notes receivable Total Allowance for credit losses at January 1, 2020 $ 2,000 $ 114 $ 49 $ 2,163 Credit loss expense 4,422 73 181 4,676 Charge-offs — — — — Recoveries — — — — Allowance for credit losses $ 6,422 $ 187 $ 230 $ 6,839 The following table summarizes the carrying amounts of accounts receivable as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Receivable from tenants $ 68,254 $ 11,373 Receivable from non-tenants 816 2,103 Straight-line rent receivable 65,704 73,382 Total $ 134,774 $ 86,858 During the six months ended June 30, 2020 , the Company wrote-off straight-line receivables totaling $13.0 million , to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. The $13.0 million straight-line write-offs were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. As of June 30, 2020, receivable from tenants includes fixed rent payments of approximately $60.0 million that were deferred due to the COVID-19 pandemic and determined to be collectible. Additionally, approximately $41.0 million
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following table summarizes the carrying amounts of accounts receivable as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Receivable from tenants $ 68,254 $ 11,373 Receivable from non-tenants 816 2,103 Straight-line rent receivable 65,704 73,382 Total $ 134,774 $ 86,858 During the six months ended June 30, 2020 , the Company wrote-off straight-line receivables totaling $13.0 million , to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. The $13.0 million straight-line write-offs were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. As of June 30, 2020, receivable from tenants includes fixed rent payments of approximately $60.0 million that were deferred due to the COVID-19 pandemic and determined to be collectible. Additionally, approximately $41.0 million
Mortgage Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Investment in mortgage notes, including related accrued interest receivable, at June 30, 2020 and December 31, 2019 consists of the following (in thousands): Outstanding principal amount of mortgage Carrying amount as of Unfunded commitments Description Year of Origination Interest Rate Maturity Date June 30, 2020 December 31, 2019 (1) June 30, 2020 Attraction property Powells Point, North Carolina 2019 7.75 % 6/30/2025 $ 27,423 $ 26,480 $ 27,423 $ — Fitness & wellness property Omaha, Nebraska 2017 7.85 % 1/3/2027 10,905 11,002 10,977 — Fitness & wellness property Merriam, Kansas 2019 7.55 % 7/31/2029 8,384 8,515 5,985 707 Ski property Girdwood, Alaska 2019 8.25 % 12/31/2029 37,000 36,975 37,000 20,000 Fitness & wellness property Omaha, Nebraska 2016 7.85 % 6/30/2030 5,773 5,889 5,803 5,145 Experiential lodging property Nashville, Tennessee 2019 6.99 % 9/30/2031 71,223 68,311 70,396 — Eat & play property Austin, Texas 2012 11.31 % 6/1/2033 11,488 11,814 11,582 — Ski property West Dover and Wilmington, Vermont 2007 11.78 % 12/1/2034 51,050 51,023 51,050 — Four ski properties Ohio and Pennsylvania 2007 10.75 % 12/1/2034 37,562 37,392 37,562 — Ski property Chesterland, Ohio 2012 11.21 % 12/1/2034 4,550 4,367 4,550 — Ski property Hunter, New York 2016 8.57 % 1/5/2036 21,000 20,999 21,000 — Eat & play property Midvale, Utah 2015 10.25 % 5/31/2036 17,505 17,952 17,505 — Eat & play property West Chester, Ohio 2015 9.75 % 8/1/2036 18,068 18,498 18,068 — Private school property Mableton, Georgia 2017 9.02 % 4/30/2037 4,674 5,055 5,048 — Fitness & wellness property Fort Collins, Colorado 2018 7.85 % 1/31/2038 10,292 10,235 10,360 — Early childhood education center Lake Mary, Florida 2019 7.87 % 5/9/2039 4,200 4,304 4,258 — Eat & play property Eugene, Oregon 2019 8.13 % 6/17/2039 14,700 14,799 14,800 — Early childhood education center Lithia, Florida 2017 8.25 % 10/31/2039 3,959 4,058 4,024 — $ 359,756 $ 357,668 $ 357,391 $ 25,852

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Receivable from tenants $ 68,254 $ 11,373 Receivable from non-tenants 816 2,103 Straight-line rent receivable 65,704 73,382 Total $ 134,774 $ 86,858 During the six months ended June 30, 2020 , the Company wrote-off straight-line receivables totaling $13.0 million , to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. The $13.0 million straight-line write-offs were comprised of $5.0 million of straight-line accounts receivable and $8.0 million of sub-lessor ground lease straight-line accounts receivable. As of June 30, 2020, receivable from tenants includes fixed rent payments of approximately $60.0 million that were deferred due to the COVID-19 pandemic and determined to be collectible. Additionally, approximately $41.0 million

Capital Markets Issuance of Sha

Capital Markets Issuance of Shares (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Common And Preferred Shares Disclosure [Text Block]	During the six months ended June 30, 2020 , the Company's Board approved a share repurchase program pursuant to which the Company may repurchase up to $150.0 million of the Company's common shares. The share repurchase program was scheduled to expire on December 31, 2020; however, the Company suspended the program on the effective date of the covenant modification agreements, June 29, 2020, as discussed below. During the six months ended June 30, 2020 , the Company repurchased 4,066,716 common shares under the share repurchase program for approximately $106.0 million . The repurchases were made under a Rule 10b5-1 trading plan. The Board declared regular monthly cash dividends on its common shares during the three and six months ended June 30, 2020 totaling $0.3825 and $1.5150 per common share, respectively. The monthly cash dividend to common shareholders was suspended following the common share dividend paid on May 15, 2020 to shareholders of record as of April 30, 2020. During the three and six months ended June 30, 2020 , the Board also declared cash dividends of $0.359375 and $0.71875 per share, respectively, on its 5.75% Series C cumulative convertible preferred shares, $0.5625 and $1.125 per share, respectively, on its 9.00% Series E cumulative convertible preferred shares and $0.359375 and $0.71875 per share, respectively, on its 5.75% Series G cumulative redeemable preferred shares.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and 2019 . Effect of Derivative Instruments on the Consolidated Statements of Changes in Equity and Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2020 and 2019 (Dollars in thousands) Three Months Ended June 30, Six Months Ended June 30, Description 2020 2019 2020 2019 Cash Flow Hedges Interest Rate Swaps Amount of Loss Recognized in AOCI on Derivative $ (1,031 ) $ (5,413 ) $ (11,673 ) $ (7,852 ) Amount of (Expense) Income Reclassified from AOCI into Earnings (1) (1,601 ) 403 (2,066 ) 1,178 Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (472 ) (165 ) 667 (476 ) Amount of Income Reclassified from AOCI into Earnings (2) 236 157 442 291 Net Investment Hedges Cross-Currency Swaps Amount of (Loss) Gain Recognized in AOCI on Derivative (6,188 ) (1,057 ) 6,987 (4,896 ) Amount of Income Recognized in Earnings (2) (3) 172 146 334 284 Total Amount of Loss Recognized in AOCI on Derivatives $ (7,691 ) $ (6,635 ) $ (4,019 ) $ (13,224 ) Amount of (Expense) Income Reclassified from AOCI into Earnings (1,365 ) 560 (1,624 ) 1,469 Amount of Income Recognized in Earnings 172 146 334 284 Interest expense, net in accompanying consolidated statements of (loss) income and comprehensive (loss) income $ 38,340 $ 36,458 $ 73,093 $ 70,421 Other income in accompanying consolidated statements of (loss) income and comprehensive (loss) income $ 416 $ 5,726 $ 7,989 $ 6,070 (1) Included in "Interest expense, net" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 . (2) Included in "Other income" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 . (3) Amounts represent derivative gains excluded from the effectiveness testing.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and 2019 (amounts in thousands except per share information): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Income (numerator) Shares (denominator) Per Share Amount Income Shares Per Share Basic EPS: Net loss $ (62,965 ) $ (25,847 ) Less: preferred dividend requirements (6,034 ) (12,068 ) Net loss available to common shareholders $ (68,999 ) 76,310 $ (0.90 ) $ (37,915 ) 77,388 $ (0.49 ) Diluted EPS: Net loss available to common shareholders $ (68,999 ) 76,310 $ (37,915 ) 77,388 Effect of dilutive securities: Share options — — — — Net loss available to common shareholders $ (68,999 ) 76,310 $ (0.90 ) $ (37,915 ) 77,388 $ (0.49 ) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Income Shares Per Share Income Shares Per Share Basic EPS: Income from continuing operations $ 46,421 $ 94,885 Less: preferred dividend requirements (6,034 ) (12,068 ) Income from continuing operations available to common shareholders $ 40,387 76,164 $ 0.53 $ 82,817 75,426 $ 1.10 Income from discontinued operations available to common shareholders $ 20,173 76,164 $ 0.27 $ 37,058 75,426 $ 0.49 Net income available to common shareholders $ 60,560 76,164 $ 0.80 $ 119,875 75,426 $ 1.59 Diluted EPS: Income from continuing operations available to common shareholders $ 40,387 76,164 $ 82,817 75,426 Effect of dilutive securities: Share options — 35 — 41 Income from continuing operations available to common shareholders $ 40,387 76,199 $ 0.53 $ 82,817 75,467 $ 1.10 Income from discontinued operations available to common shareholders $ 20,173 76,199 $ 0.26 $ 37,058 75,467 $ 0.49 Net income available to common shareholders $ 60,560 76,199 $ 0.79 $ 119,875 75,467 $ 1.59

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2019 118,030 $ 44.62 — $ 76.63 $ 55.63 Exercised (1,410 ) 44.98 — 44.98 44.98 Granted 2,890 69.19 — 69.19 69.19 Forfeited/Expired (2,820 ) 44.98 — 44.98 44.98 Outstanding at June 30, 2020 116,690 $ 44.62 — $ 76.63 $ 56.36
Summary Of Outstanding Options	The following table summarizes outstanding and exercisable options at June 30, 2020 : Options outstanding Options exercisable Exercise price range Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) Options outstanding Weighted avg. life remaining Weighted avg. exercise price Aggregate intrinsic value (in thousands) $ 44.62 - 49.99 27,215 1.8 27,215 1.8 50.00 - 59.99 31,710 4.0 29,793 3.8 60.00 - 69.99 53,609 6.0 50,719 4.6 70.00 - 76.63 4,156 7.5 2,148 7.1 116,690 4.5 $ 56.36 $ — 109,875 3.8 $ 55.67 $ —
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, 2019 509,338 $ 67.88 Granted 211,549 69.09 Vested (228,557 ) 67.76 Forfeited (1,317 ) 68.38 Outstanding at June 30, 2020 491,013 $ 68.45 1.31 The holders of nonvested shares have voting rights and receive dividends from the date of grant. The fair value of the nonvested shares that vested was $16.0 million and $22.1 million for the six months ended June 30, 2020 and 2019 , respectively. At June 30, 2020 , unamortized share-based compensation expense related to nonvested shares was $18.3 million . Nonvested Performance Shares A summary of the Company's nonvested performance share activity and related information is as follows: Number of Outstanding at December 31, 2019 — Granted 61,615 Vested — Forfeited — Outstanding at June 30, 2020 61,615 The number of common shares issuable upon settlement of the performance shares granted during the six months ended June 30, 2020 will be based upon the Company's achievement level relative to the following performance measures at December 31, 2022: 50% based upon the Company's Total Shareholder Return (TSR) relative to the TSRs of the Company's peer group companies, 25% based upon the Company's TSR relative to the TSRs of companies in the MSCI US REIT Index and 25% based upon the Company's Average Annual Growth in AFFO per share over the three-year performance period. The Company's achievement level relative to the performance measures is assigned a specific payout percentage which is multiplied by a target number of performance shares. The performance shares based on relative TSR performance have market conditions and are valued using a Monte Carlo simulation model on the grant date, which resulted in a grant date fair value of approximately $3.0 million . The estimated fair value is amortized to expense over the three-year vesting period, which ends on December 31, 2022. The following assumptions were used in the Monte Carlo simulation for computing the grant date fair value of the performance shares with a market condition: risk-free interest rate of 1.4% , volatility factors in the expected market price of the Company's common shares of 18% and an expected life of three years . At June 30, 2020 , unamortized share-based compensation expense related to nonvested performance shares was $2.5 million . The performance shares based on growth in AFFO have a performance condition. The probability of achieving the performance condition is assessed at each reporting period. If it is deemed probable that the performance condition will be met, compensation cost will be recognized based on the closing price per share of the Company's common stock on the date of the grant multiplied by the number of awards expected to be earned. If it is deemed that it is not probable that the performance condition will be met, the Company will discontinue the recognition of compensation cost and any compensation cost previously recorded will be reversed. At June 30, 2020 , achievement of the performance condition for the performance shares granted during the six months ended June 30, 2020 was deemed not probable. The performance shares accrue dividend equivalents which are paid only if common shares are issued upon settlement of the performance shares. During the three and six months ended June 30, 2020 , the Company accrued dividend equivalents expected to be paid on earned awards of $19 thousand .
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, 2019 26,236 $ 77.54 Granted 74,767 31.57 Vested (26,236 ) 77.54 Outstanding at June 30, 2020 74,767 $ 31.57 0.92

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Lessee, Lease, Description [Line Items]
Lease, Cost [Table Text Block]	The following table summarizes rental revenue, including sublease arrangements, and lease costs, including impairment charges on operating lease right-of-use assets, for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, Classification 2020 2019 2020 2019 Rental revenue Operating leases (1) Rental revenue $ 92,017 $ 141,168 $ 229,106 $ 275,737 Sublease income - operating ground leases (2) Rental revenue $ 5,514 $ 5,835 $ 3,468 $ 11,558 Lease costs Operating ground lease cost Property operating expense $ 6,283 $ 6,065 $ 12,500 $ 12,003 Operating office lease cost General and administrative expense $ 226 $ 226 $ 452 $ 456 Operating lease right-of-use asset impairment charges (3) Impairment charges $ 15,009 $ — $ 15,009 $ —
Lessee, Operating Lease, Disclosure [Table Text Block]	Operating Leases The Company’s real estate investments are leased under operating leases. 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. In addition to its lessor arrangements on its real estate investments, as of June 30, 2020 and December 31, 2019 , 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. The following table summarizes rental revenue, including sublease arrangements, and lease costs, including impairment charges on operating lease right-of-use assets, for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, Classification 2020 2019 2020 2019 Rental revenue Operating leases (1) Rental revenue $ 92,017 $ 141,168 $ 229,106 $ 275,737 Sublease income - operating ground leases (2) Rental revenue $ 5,514 $ 5,835 $ 3,468 $ 11,558 Lease costs Operating ground lease cost Property operating expense $ 6,283 $ 6,065 $ 12,500 $ 12,003 Operating office lease cost General and administrative expense $ 226 $ 226 $ 452 $ 456 Operating lease right-of-use asset impairment charges (3) Impairment charges $ 15,009 $ — $ 15,009 $ — (1) During the three and six months ended June 30, 2020 , the Company wrote-off straight-line receivables of $0.5 million and $5.0 million , respectively, to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. (2) During the six months ended June 30, 2020 , the Company wrote-off sub-lessor ground lease straight-line receivables of $8.0 million to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income. (3) During the three and six months ended June 30, 2020 , the Company recognized impairment charges of $15.0 million related to the operating lease right-of-use assets at two of its properties. See Note 4 for the details on these impairments. Substantially all the Company's customers' operations were temporarily closed for a portion of or all of the three months ended June 30, 2020 as a result of the COVID-19 pandemic. Certain of these customers' operations remain closed, while others have implemented re-opening plans. In response, the Company has agreed to defer rent for a substantial portion of its customers. In reliance upon a FASB Staff Q&A, the Company intends to not treat qualifying deferrals or rent concessions during the period effected by the COVID-19 pandemic as lease modifications. While deferments for this and future periods delay rent payments, these deferments generally do not release customers from the obligation to pay the deferred amounts in the future. Deferred rent amounts will be reflected in the Company's financial statements as accounts receivable if collection is determined to be probable or will be recognized when received as variable lease payments if collection is determined to not be probable. In limited cases, customers may be entitled to the abatement of rent during governmentally imposed prohibitions on business operations which is recognized in the period to which it relates, or the Company may provide rent concessions to tenants. In cases where the Company provides concessions to tenants to which they are not otherwise entitled, those amounts will be recognized in the period in which the concession is granted unless the changes are accounted for as lease modifications. The Company will continue to evaluate the impacts of COVID-19 on the Company's lease receivables and related accounting processes.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Reportable Operating Segments	Segment Information The Company groups its investments into two reportable operating segments: Experiential and Education. Due to the Company's change to two reportable segments during the year ended December 31, 2019, certain reclassifications have been made to the 2019 presentation to conform to the current presentation. The financial information summarized below is presented by reportable operating segment (in thousands): Balance Sheet Data: As of June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Total Assets $ 5,253,239 $ 721,098 $ 1,028,641 $ 7,002,978 As of December 31, 2019 Experiential Education Corporate/Unallocated Consolidated Total Assets $ 5,307,295 $ 730,165 $ 540,051 $ 6,577,511 Operating Data: Three Months Ended June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 84,204 $ 13,327 $ — $ 97,531 Other income 8 — 408 416 Mortgage and other financing income 8,108 305 — 8,413 Total revenue 92,320 13,632 408 106,360 Property operating expense 14,514 628 187 15,329 Other expense 2,798 — — 2,798 Total investment expenses 17,312 628 187 18,127 Net operating income - before unallocated items 75,008 13,004 221 88,233 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (10,432 ) Costs associated with loan refinancing or payoff (820 ) Interest expense, net (38,340 ) Transaction costs (771 ) Credit loss expense (3,484 ) Impairment charges (51,264 ) Depreciation and amortization (42,450 ) Equity in loss from joint ventures (1,724 ) Impairment charges on joint ventures (3,247 ) Gain on sale of real estate 22 Income tax benefit 1,312 Net loss (62,965 ) Preferred dividend requirements (6,034 ) Net loss available to common shareholders of EPR Properties $ (68,999 ) Operating Data: Three Months Ended June 30, 2019 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 129,271 $ 17,732 $ — $ 147,003 Other income 5,423 — 303 5,726 Mortgage and other financing income 8,761 250 — 9,011 Total revenue 143,455 17,982 303 161,740 Property operating expense 13,488 882 227 14,597 Other expense 8,091 — — 8,091 Total investment expenses 21,579 882 227 22,688 Net operating income - before unallocated items 121,876 17,100 76 139,052 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (12,230 ) Interest expense, net (36,458 ) Transaction costs (6,923 ) Depreciation and amortization (38,790 ) Equity in income from joint ventures 470 Income tax benefit 1,300 Discontinued operations: Income from discontinued operations 10,399 Gain on sale of real estate from discontinued operations 9,774 Net income 66,594 Preferred dividend requirements (6,034 ) Net income available to common shareholders of EPR Properties $ 60,560 Operating Data: Six Months Ended June 30, 2020 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 202,864 $ 29,710 $ — $ 232,574 Other income 7,213 — 776 7,989 Mortgage and other financing income 16,152 657 — 16,809 Total revenue 226,229 30,367 776 257,372 Property operating expense 26,843 1,169 410 28,422 Other expense 12,332 — — 12,332 Total investment expenses 39,175 1,169 410 40,754 Net operating income - before unallocated items 187,054 29,198 366 216,618 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (21,420 ) Costs associated with loan refinancing or payoff (820 ) Interest expense, net (73,093 ) Transaction costs (1,846 ) Credit loss expense (4,676 ) Impairment charges (51,264 ) Depreciation and amortization (86,260 ) Equity in loss from joint ventures (2,144 ) Impairment charges on joint ventures (3,247 ) Gain on sale of real estate 242 Income tax benefit 2,063 Net loss (25,847 ) Preferred dividend requirements (12,068 ) Net loss available to common shareholders of EPR Properties $ (37,915 ) Operating Data: Six Months Ended June 30, 2019 Experiential Education Corporate/Unallocated Consolidated Rental revenue $ 253,287 $ 34,008 $ — $ 287,295 Other income 5,494 — 576 6,070 Mortgage and other financing income 18,129 773 — 18,902 Total revenue 276,910 34,781 576 312,267 Property operating expense 27,936 1,752 460 30,148 Other expense 8,091 — — 8,091 Total investment expenses 36,027 1,752 460 38,239 Net operating income - before unallocated items 240,883 33,029 116 274,028 Reconciliation to Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income: General and administrative expense (23,940 ) Severance expense (420 ) Interest expense, net (70,421 ) Transaction costs (12,046 ) Depreciation and amortization (74,792 ) Equity in income from joint ventures 959 Loss on sale of real estate (388 ) Income tax benefit 1,905 Discontinued operations: Income from discontinued operations 20,568 Gain on sale of real estate from discontinued operations 16,490 Net income 131,943 Preferred dividend requirements (12,068 ) Net income available to common shareholders of EPR Properties $ 119,875

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands	Jan. 01, 2020USD ($)	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segmentshares		Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Due from Tenants, not probable of collection					$ 41,000
Operating Segments
Number of Reportable Operating Segments | segment					2
Revenue Recognition [Abstract]
Straight Line Rent					$ 7,500		$ 1,400
Straight line rent write off		$ 13,000			13,000		5,600
Percentage rents					4,200		5,500
Concentrations of Risk [Abstract]
Rental revenue		97,531		$ 147,003	232,574		287,295
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-based payment arrangement, noncash expense included in severance							100
Financing Receivable, Allowance for Credit Loss	$ 2,163	6,839		0	6,839		0
Provision for Loan, Lease, and Other Losses					4,676
Financing Receivable, Credit Loss, Expense (Reversal)		3,484		0	4,676		0
Deferred Costs		35,900			35,900			$ 37,200
Prepaymentfee					0		900
Recovery of Direct Costs					7,000		7,600
Rent Abatements					4,900
Rent Concessions					3,800
Deferred Rent Receivables, Net		60,000			60,000
Loans and Leases Receivable, Deferred Income		3,500			3,500
Asset Impairment Charges		51,264		0	51,264		0
Equity Method Investment, Other than Temporary Impairment		3,247		0	3,247		0
Line of Credit, Current		750,000			$ 750,000
Number of common shares repurchased | shares					4,066,716
Treasury Stock, Value, Acquired, Cost Method					$ 106,000
number of theatres in entertainment districts | segment					7
American Multi-Cinema, Inc. [Member]
Concentrations of Risk [Abstract]
Rental revenue					$ 22,144		$ 61,364
Percentage of lease revenue in total revenue					8.60%		18.00%
TopGolf [Member]
Concentrations of Risk [Abstract]
Rental revenue					$ 40,129		$ 37,719
Percentage of lease revenue in total revenue					15.60%		11.10%
Regal [Member]
Concentrations of Risk [Abstract]
Rental revenue					$ 39,099		$ 32,620
Percentage of lease revenue in total revenue					15.20%		9.60%
Share Options [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)					4 years
Stock-option expense					$ 6		$ 5
Restricted Stock [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation expense related to employees and trustees					$ 5,400		5,600
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
Performance Shares [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation, future vesting period minimum (in years)					3 years
Share based compensation expense related to employees and trustees					$ 500
Restricted Share Units [Member] | Non-Employee Trustees [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share based compensation expense related to employees and trustees					1,000		900
Revolving Credit Facility [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Deferred Costs		4,300			4,300			$ 3,500
triple-net lessor costs [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Recovery of Direct Costs					900		4,300
Discontinued Operations, Disposed of by Sale [Member]
Revenue Recognition [Abstract]
Straight Line Rent							1,200
Straight line rent write off							900
Trade Accounts Receivable [Member]
Revenue Recognition [Abstract]
Straight line rent write off		5,000			5,000
Ground Lease Arrangement [Member]
Revenue Recognition [Abstract]
Straight line rent write off		8,000			8,000
Mortgage Receivable [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Financing Receivable, Allowance for Credit Loss	2,000	6,422			6,422
Provision for Loan, Lease, and Other Losses					4,422
Notes Receivable [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Financing Receivable, Allowance for Credit Loss	49	230			230
Provision for Loan, Lease, and Other Losses					$ 181
Building [Member] | Minimum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					30 years
Building [Member] | Maximum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					40 years
Furniture, fixtures & equipment [Member] | Minimum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					3 years
Furniture, fixtures & equipment [Member] | Maximum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					25 years
Building Improvements [Member] | Minimum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					10 years
Building Improvements [Member] | Maximum [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Property, Plant and Equipment, Useful Life					20 years
Retained Earnings [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Financing Receivable, Credit Loss, Expense (Reversal)	2,200
Retained Earnings [Member] | Mortgage Receivable [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Financing Receivable, Credit Loss, Expense (Reversal)	2,100
Retained Earnings [Member] | Notes Receivable [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Financing Receivable, Credit Loss, Expense (Reversal)	$ 100
Experiential Reportable Operating Segment [Member]
Concentrations of Risk [Abstract]
Rental revenue		84,204		129,271	$ 202,864		253,287
Experiential Reportable Operating Segment [Member] | Real Estate Investment [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Asset Impairment Charges		36,300
Experiential Reportable Operating Segment [Member] | Right-of-Use Assets, Operating Lease [Member]
Share-based Payment Arrangement, Noncash Expense [Abstract]
Asset Impairment Charges		$ 15,009	[1]	$ 0	$ 15,009	[1]	$ 0
Theatre Project China Member
Share-based Payment Arrangement, Noncash Expense [Abstract]
Number of unconsolidated real estate joint ventures		3			3
[1]	(3) During the three and six months ended June 30, 2020 , the Company recognized impairment charges of $15.0 million related to the operating lease right-of-use assets at two of its properties. See Note 4 for the details on these impairments.

Rental Properties (Summary Of C

Rental Properties (Summary Of Carrying Amounts Of Rental Properties) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Real Estate Properties [Line Items]
Carrying amounts of rental properties	$ 6,144,830		$ 6,186,562
Accumulated depreciation	(1,034,771)		(989,254)
Total	5,110,059		5,197,308
Depreciation expense on rental properties	81,600	$ 71,900
Building and improvements [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	4,709,211		4,747,101
Furniture, fixtures & equipment [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	121,913		123,239
Land [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	1,287,656		1,290,181
Leaseholds and Leasehold Improvements [Member]
Real Estate Properties [Line Items]
Carrying amounts of rental properties	$ 26,050		$ 26,041

Impairment Charges (Details)

Impairment Charges (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Asset Impairment Charges	$ 51,264		$ 0	$ 51,264		$ 0
Equity Method Investment, Other than Temporary Impairment	$ 3,247		0	$ 3,247		0
Theatre Project China Member
Impaired Long-Lived Assets Held and Used [Line Items]
Number of unconsolidated real estate joint ventures	3			3
Real Estate Investment [Member] | Experiential Reportable Operating Segment [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Number of impaired properties	6			6
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	$ 49,600			$ 49,600
Asset Impairment Charges	$ 36,300
Right-of-Use Assets, Operating Lease [Member] | Experiential Reportable Operating Segment [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Number of impaired properties	2			2
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	$ 13,000			$ 13,000
Asset Impairment Charges	$ 15,009	[1]	$ 0	$ 15,009	[1]	$ 0
[1]	(3) During the three and six months ended June 30, 2020 , the Company recognized impairment charges of $15.0 million related to the operating lease right-of-use assets at two of its properties. See Note 4 for the details on these impairments.

Investments and Dispositions (D

Investments and Dispositions (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Real Estate Properties [Line Items]
Gain on sale of real estate	$ 22	$ 0	$ 242	$ (388)
Experiential Reportable Operating Segment [Member]
Real Estate Properties [Line Items]
Payments to Acquire Property, Plant, and Equipment			$ 53,600
Experiential Reportable Operating Segment [Member] | Theatre Properties [Member]
Real Estate Properties [Line Items]
Number of properties acquired (in properties)			2
Payments to Acquire Productive Assets			$ 22,100
Education Reportable Operating Segment [Member] | early childhood education center [Member]
Real Estate Properties [Line Items]
number of properties sold			3
Proceeds from Sale of Property, Plant, and Equipment			$ 3,800
Gain on sale of real estate			$ 200

Investment in Mortgage Notes _2

Investment in Mortgage Notes and Notes Receivable (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)	[1]	Jun. 30, 2019USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 6,839	$ 2,163			$ 0
Provision for Loan, Lease, and Other Losses	4,676
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Allowance for Credit Loss, Recovery	0
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	359,756
Mortgage Loans on Real Estate, Commercial and Consumer, Net	357,668		$ 357,391
Mortgage Note and Notes Receivable Commitments	25,852
Notes Receivable	$ 14,000
Number of borrowers with deferred interest	4
Mortgage Receivable [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss	$ 6,422	2,000
Provision for Loan, Lease, and Other Losses	4,422
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Allowance for Credit Loss, Recovery	$ 0
Mortgage Receivable [Member] | Mortgage Note, 7.75%, due June 30, 2025 [Member] | Attraction Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 27,423
Mortgage Loans on Real Estate, Commercial and Consumer, Net	26,480		27,423
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 7.85%, due January 3, 2027 [Member] | Fitness & Wellness Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.85%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 10,905
Mortgage Loans on Real Estate, Commercial and Consumer, Net	11,002		10,977
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 7.55%, due July 31, 2029 [Member] | Fitness & Wellness Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.55%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 8,384
Mortgage Loans on Real Estate, Commercial and Consumer, Net	8,515		5,985
Mortgage Note and Notes Receivable Commitments	$ 707
Mortgage Receivable [Member] | Mortgage Note, 8.25%, December 31, 2029 [Member] | Ski Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	8.25%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 37,000
Mortgage Loans on Real Estate, Commercial and Consumer, Net	36,975		37,000
Mortgage Note and Notes Receivable Commitments	$ 20,000
Mortgage Receivable [Member] | Mortgage Note, 7.85%, due June 30, 2030 [Member] | Fitness & Wellness Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.85%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 5,773
Mortgage Loans on Real Estate, Commercial and Consumer, Net	5,889		5,803
Mortgage Note and Notes Receivable Commitments	$ 5,145
Mortgage Receivable [Member] | Mortgage Note, 6.99%, due September 30, 2031 [Member] | Experiential Lodging Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	6.99%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 71,223
Mortgage Loans on Real Estate, Commercial and Consumer, Net	68,311		70,396
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 11.31%, due June 1, 2033 [Member] | Eat & Play Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	11.31%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 11,488
Mortgage Loans on Real Estate, Commercial and Consumer, Net	11,814		11,582
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 11.61%, due December 1, 2034 [Member] [Member] | Ski Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	11.78%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 51,050
Mortgage Loans on Real Estate, Commercial and Consumer, Net	51,023		51,050
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 10.75%, due December 1, 2034 [Member] | Ski Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	10.75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 37,562
Mortgage Loans on Real Estate, Commercial and Consumer, Net	37,392		37,562
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 11.21%, due December 1, 2034 [Member] | Ski Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	11.21%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 4,550
Mortgage Loans on Real Estate, Commercial and Consumer, Net	4,367		4,550
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 8.57%, due January 5, 2036 [Member] | Ski Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	8.57%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 21,000
Mortgage Loans on Real Estate, Commercial and Consumer, Net	20,999		21,000
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, due May 31, 2036 [Member] | Eat & Play Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	10.25%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 17,505
Mortgage Loans on Real Estate, Commercial and Consumer, Net	17,952		17,505
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 9.75% due August 1, 2036 [Member] | Eat & Play Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	9.75%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 18,068
Mortgage Loans on Real Estate, Commercial and Consumer, Net	18,498		18,068
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Notes, 8.84%, due April 30, 2037 [Member] | Education Property Member
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	9.02%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 4,674
Mortgage Loans on Real Estate, Commercial and Consumer, Net	5,055		5,048
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 7.85% due January 31, 2038 [Member] | Fitness & Wellness Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.85%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 10,292
Mortgage Loans on Real Estate, Commercial and Consumer, Net	10,235		10,360
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 7.75%, due May 9, 2039 [Member] | early childhood education center [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	7.87%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 4,200
Mortgage Loans on Real Estate, Commercial and Consumer, Net	4,304		4,258
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 8.125%, due June 17, 2039 [Member] | Eat & Play Properties [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	8.13%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 14,700
Mortgage Loans on Real Estate, Commercial and Consumer, Net	14,799		14,800
Mortgage Note and Notes Receivable Commitments	$ 0
Mortgage Receivable [Member] | Mortgage Note, 8.25%, due October 31, 2019 [Member] | early childhood education center [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Interest Rate	8.25%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 3,959
Mortgage Loans on Real Estate, Commercial and Consumer, Net	4,058		$ 4,024
Mortgage Note and Notes Receivable Commitments	0
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss	187	114
Provision for Loan, Lease, and Other Losses	73
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Allowance for Credit Loss, Recovery	0
Notes Receivable [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing Receivable, Allowance for Credit Loss	230	$ 49
Provision for Loan, Lease, and Other Losses	181
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Allowance for Credit Loss, Recovery	$ 0
[1]	(1) Balances as of December 31, 2019 are prior to the adoption of ASC Topic 326.

Accounts Receivable, Net (Sched

Accounts Receivable, Net (Schedule Of Accounts Receivable) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Straight line rent write off	$ 13,000	$ 13,000	$ 5,600
Straight-Line Rent Receivable	65,704	65,704		$ 73,382
Total	134,774	134,774		86,858
Deferred Rent Receivables, Net	60,000	60,000
Due from Tenants, not probable of collection		41,000
Tenants [Member]
Total	68,254	68,254		11,373
Non-Tenants [Member]
Carrying amounts of accounts receivable	816	816		$ 2,103
Trade Accounts Receivable [Member]
Straight line rent write off	5,000	5,000
Ground Lease Arrangement [Member]
Straight line rent write off	8,000	8,000
Straight-Line Rent Receivable	$ 0	$ 0	$ 24,454

Capital Markets (Details)

Capital Markets (Details) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)$ / shares	Jun. 30, 2020USD ($)$ / sharesshares
Class of Stock [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.3825	$ 1.5150
Stock Repurchase Program, Authorized Amount | $	$ 150	$ 150
Number of common shares repurchased | shares		4,066,716
Treasury Stock, Value, Acquired, Cost Method | $		$ 106
Series C Preferred Shares [Member]
Class of Stock [Line Items]
Preferred Stock, Dividends Per Share, Declared	$ 0.359375	$ 0.71875
Preferred Stock, Dividend Rate, Percentage		5.75%
Series E Preferred Shares [Member]
Class of Stock [Line Items]
Preferred Stock, Dividends Per Share, Declared	0.5625	$ 1.125
Preferred Stock, Dividend Rate, Percentage		9.00%
Series G Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Dividends Per Share, Declared	$ 0.359375	$ 0.71875
Preferred Stock, Dividend Rate, Percentage		5.75%

Capital Markets Long Term Deb_2

Capital Markets Long Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Costs associated with loan refinancing or payoff	$ 820	$ 0	$ 820	$ 0
Debt Instrument, Fee Amount	2,600		2,600
Deferred Costs	$ 35,900		$ 35,900		$ 37,200
Term loan payable, due February 27, 2023 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.10%		1.10%
Long-term Debt, Percentage Rate, LIBOR Floor	0.00%		0.00%
Long-term Debt, Percentage Rate, Facility Fee	0.20%		0.20%
Unsecured Debt [Member] | Unsecured Revolving Variable Rate Credit Facility, Variable Rate, Due February 27, 2022 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.00%		1.00%
Unsecured Debt [Member] | senior unsecured private placement notes payable, 4.35 percent, due August 22, 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.35%		4.35%
Unsecured Debt [Member] | senior unsecured private placement notes payable, 4.56 percent, due August 22, 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.56%		4.56%
covenant relief period [Member] | Term loan payable, due February 27, 2023 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.75%		1.75%
Long-term Debt, Percentage Rate, LIBOR Floor	0.50%		0.50%
Long-term Debt, Percentage Rate, Facility Fee	0.375%		0.375%
covenant relief period [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Deferred Costs	$ 1,000		$ 1,000
covenant relief period [Member] | Unsecured Debt [Member] | Unsecured Revolving Variable Rate Credit Facility, Variable Rate, Due February 27, 2022 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.375%		1.375%
Debt Instrument, Fee Amount	$ 1,600		$ 1,600
covenant relief period [Member] | Unsecured Debt [Member] | senior unsecured private placement notes payable, 4.35 percent, due August 22, 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.00%		5.00%
covenant relief period [Member] | Unsecured Debt [Member] | senior unsecured private placement notes payable, 4.56 percent, due August 22, 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.21%		5.21%

Unconsolidated Real Estate Jo_2

Unconsolidated Real Estate Joint Ventures (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)properties	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)properties	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in loss from joint ventures	$ (1,724,000)	$ 470,000	$ (2,144,000)	$ 959,000
Proceeds from Equity Method Investment, Distribution			0	112,000
Equity Method Investment, Other than Temporary Impairment	$ 3,247,000	$ 0	3,247,000	0
St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Equity in loss from joint ventures			1,600,000	1,100,000
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
Remaining Availability Joint Venture Mortgage Loan	23,800,000		23,800,000
Long Term Funding Commitment For Project Development	$ 24,300,000		$ 24,300,000
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 loss from joint ventures			590,000	106,000
Proceeds from Equity Method Investment, Distribution			0	$ 112,000
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures	$ 700,000		$ 700,000		$ 4,600,000
Number of unconsolidated real estate joint ventures	3		3
Experiential Lodging Properties [Member] | St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures	$ 28,200,000		$ 28,200,000		$ 29,700,000
Interest Rate Swap [Member] | St. Petersburg Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Derivative, Fixed Interest Rate	3.00%		3.00%

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)$ / $	Jun. 30, 2020CAD ($)$ / $	Dec. 31, 2019USD ($)
credit risk related contingent features default on debt amount		$ 50
Derivative Liability, Fair Value, Gross Liability	$ 13,900,000		$ 4,500,000
Derivative Asset, Fair Value, Gross Asset	$ 8,000,000		$ 1,100,000
Number of entered into interest rate swap agreements (in interest rate swaps)	4	4
Derivative, Notional Amount	$ 25,000,000
Derivative, Fixed Rate Increase	0.65%	0.65%
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	$ 12,600,000
Net Investment Hedging [Member]
Derivative, Notional Amount	200
Cash Flow Hedging [Member]
Estimated amount to be reclassified from accumulated other comprehensive income to other expense in the next twelve months	200,000
Interest Rate Swap [Member]
Derivative, Notional Amount	400,000,000
Interest Rate Risk [Member]
Estimated amount to be reclassified from accumulated other comprehensive income to other expense in the next twelve months	$ 8,100,000
Currency Swap [Member]
Number of Canadian properties exposed to foreign currency exchange risk (in properties)	4
Cross Currency Swaps 2022 [Member]
Net exchange rate, CAD to US dollar | $ / $	1.31	1.31
Cross Currency Swap 2023 [Member] | Net Investment Hedging [Member]
Derivative, Notional Amount	$ 100
Net exchange rate, CAD to US dollar	1.32	1.32
Foreign currency exposure	$ 4,500,000
interest rate swap 3.1450 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	3.795%	3.795%
Derivative, Notional Amount	$ 116,700,000
interest rate swap 3.1575 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	3.8075%	3.8075%
Derivative, Notional Amount	$ 116,700,000
interest rate swap 3.1580 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	3.808%	3.808%
Derivative, Notional Amount	$ 116,600,000
interest rate swap 3.35 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	3.995%	3.995%
Derivative, Notional Amount	$ 50,000,000
interest rate swap 1.3925 percent [Member] | Interest Rate Swap [Member]
Derivative fixed interest rate	1.3925%	1.3925%
Derivative, Notional Amount	$ 25,000,000
United States of America, Dollars | Cross Currency Swaps 2022 [Member]
Derivative, Notional Amount	76,600,000
Canada, Dollars | Cross Currency Swaps 2022 [Member]
Derivative, Notional Amount		$ 100
Monthly CAD Denominated Cash Flows Properties Under Hedges of Foreign Exchange Risk	$ 7,200,000

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, 2020		Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		$ (7,691)		$ (6,635)		$ (4,019)	$ (13,224)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net		172		146		334	284
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)		(1,365)		560		(1,624)	1,469
Interest Expense		38,340		36,458		73,093	70,421
Other Income		416		5,726		7,989	6,070
Interest Rate Swap [Member]
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)	[1]	(1,601)		403		(2,066)	1,178
Cross Currency Swaps [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		(472)		(165)		667	(476)
Amount of Income (Expense) Reclassified from AOCI into Earnings (Effective Portion)	[2]	236		157		442	291
Cross Currency Swap 2023 [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		(6,188)		(1,057)		6,987	(4,896)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	[2]	172	[3]	146	[3]	334	284
Interest Expense [Member] | Interest Rate Swap [Member]
Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		$ (1,031)		$ (5,413)		$ (11,673)	$ (7,852)
[1]	(1) Included in "Interest expense, net" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 .
[2]	(2) Included in "Other income" in the accompanying consolidated statements of (loss) income and comprehensive (loss) income for the three and six months ended June 30, 2020 and 2019 .
[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, 2020	Dec. 31, 2019
Long-term Debt		$ 3,854,088	$ 3,102,830
Derivative Asset, Fair Value, Gross Asset		8,000	1,100
Derivative Liability, Fair Value, Gross Liability		(13,900)	(4,500)
Fair Value, Recurring [Member] | Cross Currency Swaps [Member]
Derivative Asset, Fair Value, Gross Asset	[1]	8,040	828
Fair Value, Recurring [Member] | Cross Currency Swaps [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Asset, Fair Value, Gross Asset	[1]	8,040	828
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivative Asset, Fair Value, Gross Asset	[1]		(225)
Derivative Liability, Fair Value, Gross Liability	[2]	(13,877)	(4,495)
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Asset, Fair Value, Gross Asset	[1]		(225)
Derivative Liability, Fair Value, Gross Liability	[2]	(13,877)	$ (4,495)
Variable Rate Converted to Fixed Rate [Member]
Long-term Debt		$ 425,000
[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, 2020	Dec. 31, 2019
Financing Receivable, after Allowance for Credit Loss, Current	$ 357,668	$ 357,391
Debt	3,854,088	3,102,830
Fixed Rate Mortgage Notes Receivable [Member]
Financing Receivable, after Allowance for Credit Loss, Current	$ 357,700
Mortgage notes and related accrued interest receivable		$ 357,400
Weighted average interest rate of mortgage notes receivable	9.03%	8.98%
Receivable interest rate minimum	6.99%	6.99%
Receivable interest rate maximum	11.78%	11.61%
Weighted market rate used for determining future cash flow for notes receivable	8.00%	7.76%
Fair value of notes receivable	$ 390,000	$ 395,600
Variable Rate Debt [Member]
Debt	$ 1,200,000	$ 425,000
Long-term debt, weighted average interest rate	2.21%	2.75%
Variable Rate Converted to Fixed Rate [Member]
Debt	$ 425,000
Fixed Rate Debt [Member]
Debt	$ 2,720,000	$ 2,720,000
Long-term debt, weighted average interest rate	4.62%	4.54%
Weighted market rate for determining fair value of debt	5.71%	3.51%
Long-term Debt, Fair Value	$ 2,540,000	$ 2,870,000
Minimum [Member] | Fixed Rate Mortgage Notes Receivable [Member]
market rate used as discount factor to determine fair value of notes	7.99%	6.99%
Minimum [Member] | Fixed Rate Debt [Member]
market rate used as discount factor to determine fair value of debt	5.00%	2.87%
Maximum [Member] | Fixed Rate Mortgage Notes Receivable [Member]
market rate used as discount factor to determine fair value of notes	9.25%	9.25%
Maximum [Member] | Fixed Rate Debt [Member]
market rate used as discount factor to determine fair value of debt	6.06%	4.56%

Fair Value Disclosures Assets a

Fair Value Disclosures Assets and Liabilities Measured At Fair Value On A Non-Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ 51,264		$ 0	$ 51,264		$ 0
Real estate investments, net of accumulated depreciation of $1,034,771 and $989,254 at June 30, 2020 and December 31, 2019, respectively	5,110,059			5,110,059			$ 5,197,308
Operating Lease, Right-of-Use Asset	189,058			189,058			211,187
Investment in joint ventures	28,925			28,925			$ 34,317
Equity Method Investment, Other than Temporary Impairment	3,247		0	3,247		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investments, net of accumulated depreciation of $1,034,771 and $989,254 at June 30, 2020 and December 31, 2019, respectively	49,613			49,613
Operating Lease, Right-of-Use Asset	12,953			12,953
Investment in joint ventures	771			771
Experiential Reportable Operating Segment [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	36,300
Experiential Reportable Operating Segment [Member] | Right-of-Use Assets, Operating Lease [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ 15,009	[1]	$ 0	$ 15,009	[1]	$ 0
[1]	(3) During the three and six months ended June 30, 2020 , the Company recognized impairment charges of $15.0 million related to the operating lease right-of-use assets at two of its properties. See Note 4 for the details on these impairments.

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic EPS:
Income from continuing operations	$ (62,965)	$ 46,421	$ (25,847)	$ 94,885
Less: preferred dividend requirements	(6,034)	(6,034)	(12,068)	(12,068)
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic		40,387		82,817
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	20,173	0	37,058
Net (loss) income available to common shareholders of EPR Properties	$ (68,999)	$ 60,560	$ (37,915)	$ 119,875
Net income from continuing operations available to common shareholders of EPR Properties per basic share	$ (0.90)	$ 0.53	$ (0.49)	$ 1.10
Net income from discontinued operations available to common shareholders of EPR Properties per basic share	0	0.27	0	0.49
Net income available to common shareholders (in dollars per share)	$ (0.90)	$ 0.80	$ (0.49)	$ 1.59
Net Income (Loss) Available to Common Stockholders, Diluted	$ (68,999)		$ (37,915)
Weighted average number of shares outstanding, basic	76,310	76,164	77,388	75,426
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Diluted		$ 40,387		$ 82,817
Diluted EPS:
Share options (in shares)	0	35	0	41
Weighted average number of shares outstanding, diluted	76,310	76,199	77,388	75,467
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Diluted		$ 20,173		$ 37,058
Net income from continuing operations available to common shareholders of EPR Properties per diluted share	$ (0.90)	$ 0.53	$ (0.49)	$ 1.10
Net income from discontinued operations available to common shareholders of EPR Properties per diluted share	0	0.26	0	0.49
Net income available to common shareholders (in dollars per share)	$ (0.90)	$ 0.79	$ (0.49)	$ 1.59

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares shares in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Series C Preferred Shares [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	2,200	2,200
Preferred Stock, Dividend Rate, Percentage	5.75%
Series E Preferred Shares [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	1,700	1,600
Preferred Stock, Dividend Rate, Percentage	9.00%
Share Options [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	117	4
Performance Shares [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Common shares upon conversion of convertible preferred shares	62
Minimum [Member]
Anitidlutive securities exluded from computation of earnings per share [Line Items]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 44.62	$ 73.84
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, 2020	Jun. 30, 2019	Dec. 31, 2019	May 12, 2016
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 44.98
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 44.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	109,875
Maximum term of options granted (in years)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at Beginning of Period	118,030
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	1,410
Number of Shares, Granted	2,890
Number of Shares, Outstanding at End of Period	116,690
Average Exercise Price, Outstanding at Beginning of Period	$ 56.36		$ 55.63
Average Exercise Price, Outstanding at End of Period	56.36		55.63
Weighted average fair value of options granted	$ 3.73	$ 4.64
Intrinsic value of stock options exercised	$ 22	$ 2,700
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 69.19
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 55.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	2,820
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Price Per Share	$ 44.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Option Price Per Share, Outstanding at Beginning of Period	44.62		44.62
Option Price Per Share, Outstanding at End of Period	44.62		44.62
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Price Per Share	69.19
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period, Price Per Share	44.98
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Price Per Share	44.98
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	69.19
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period, Price Per Share	$ 44.98
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)	742,376
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	1 year 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	27,215
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	27,215
Fifty To Fifty Nine Point Nine Nine Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	29,793
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	31,710
Sixty To Sixty Five Point Five Zero Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	6 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	50,719
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding at End of Period	53,609
Seventy To Seventy Six Point Six Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	7 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	2,148
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	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	109,875
Options outstanding (in shares)	116,690		118,030
Weighted avg. life remaining (in years)	4 years 6 months
Weighted avg. exercise price	$ 56.36		$ 55.63
Aggregate intrinsic value	$ 0
Minimum [Member]
Share-based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit	$ 44.62	$ 73.84
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	27,215
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)	27,215
Weighted avg. life remaining (in years)	1 year 9 months 18 days
Fifty To Fifty Nine Point Nine Nine Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	29,793
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)	31,710
Weighted avg. life remaining (in years)	4 years
Sixty To Sixty Five Point Five Zero Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	50,719
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)	53,609
Weighted avg. life remaining (in years)	6 years
Seventy To Seventy Six Point Six Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	2,148
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
Weighted avg. life remaining (in years)	7 years 6 months

Equity Incentive Plans (Summa_3

Equity Incentive Plans (Summary Of Exercisable Options) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Options outstanding (in shares) | shares	109,875
Weighted avg. life remaining (in years)	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 55.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $	$ 0
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	27,215
Weighted avg. life remaining (in years)	1 year 9 months 18 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	29,793
Weighted avg. life remaining (in years)	3 years 9 months 18 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	50,719
Weighted avg. life remaining (in years)	4 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	2,148
Weighted avg. life remaining (in years)	7 years 1 month 6 days

Equity Incentive Plans (Summa_4

Equity Incentive Plans (Summary Of Nonvested Share Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2019		509,338
Number of Shares, Vested		(228,557)
Number of Shares, Granted		211,549
Number of Shares, Outstanding at June 30, 2020		491,013
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 68.38
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2019		67.88
Weighted Average Grant Date Fair Value, Granted		69.09
Weighted Average Grant Date Fair Value, Vested		67.76
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2020		$ 68.45
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		(1,317)
Weighted Average Life Remaining, Outstanding at June 30, 2020 (in years)		1 year 3 months 21 days
Fair value of non-vested shares		$ 16,000	$ 22,100
share based compensation included in severance expense	$ 103
Unamortized share-based compensation expense		$ 18,300
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2019		0
Number of Shares, Vested		0
Number of Shares, Granted		61,615
Number of Shares, Outstanding at June 30, 2020		61,615
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		0
Fair value of non-vested shares		$ 3,000
Unamortized share-based compensation expense		$ 2,500
Share-based Compensation, Performance Measure Percent, Peer TSR		50.00%
Share-based Compensation, Performance Measure Percent, MSCI US REIT Index TSR		25.00%
Share-based Compensation, Performance Measure Percent, Growth in AFFO per share		25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum		1.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate		18.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		3 years
Dividend, Share-based Payment Arrangement		$ 19

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, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2019 | shares	509,338
Number of Shares, Granted | shares	211,549
Number of Shares, Vested | shares	(228,557)
Number of Shares, Outstanding at June 30, 2020 | shares	491,013
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2019 | $ / shares	$ 67.88
Weighted Average Grant Date Fair Value, Granted | $ / shares	69.09
Weighted Average Grant Date Fair Value, Vested | $ / shares	67.76
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2020 | $ / shares	$ 68.45
Unamortized share-based compensation expense | $	$ 18.3
Weighted Average Life Remaining, Outstanding at June 30, 2020 (in years)	1 year 3 months 21 days
Restricted Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of Shares, Outstanding at December 31, 2019 | shares	26,236
Number of Shares, Granted | shares	74,767
Number of Shares, Vested | shares	(26,236)
Number of Shares, Outstanding at June 30, 2020 | shares	74,767
Weighted Average Grant Date Fair Value, Outstanding at December 31, 2019 | $ / shares	$ 77.54
Weighted Average Grant Date Fair Value, Granted | $ / shares	31.57
Weighted Average Grant Date Fair Value, Vested | $ / shares	77.54
Weighted Average Grant Date Fair Value, Outstanding at June 30, 2020 | $ / shares	$ 31.57
Unamortized share-based compensation expense | $	$ 2.2
Weighted Average Life Remaining, Outstanding at June 30, 2020 (in years)	28 days

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rental revenue	$ 97,531	$ 147,003	$ 232,574	$ 287,295
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	8,413	9,011	16,809	18,902
Revenues	106,360	161,740	257,372	312,267
Property operating expense	15,329	14,597	28,422	30,148
Interest expense, net	(38,340)	(36,458)	(73,093)	(70,421)
Depreciation and amortization	42,450	38,790	86,260	74,792
Income from discontinued operations before other items	0	10,399	0	20,568
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	0	9,774	0	16,490
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 0	20,173	0	37,058
Proceeds from Sale of Real Estate			3,839	95,958
Payments to Acquire Mortgage Notes Receivable			(3,667)	(33,074)
Proceeds from Sale and Collection of Mortgage Notes Receivable			94	1,954
Payments to Develop Real Estate Assets			(24,728)	(102,101)
Interest cost capitalized			$ 504	4,667
Public Charter School Portfolio Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
number of properties sold					47
Proceeds from Sale of Property, Plant, and Equipment					$ 449,600
Discontinued Operations, Disposed of by Sale [Member] | Public Charter School Portfolio Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rental revenue		10,327		20,758
Interest and Fee Income, Loans, Commercial and Residential, Real Estate		3,631		7,215
Revenues		13,958		27,973
Property operating expense		174		416
Interest expense, net		(180)		(317)
Depreciation and amortization		3,565		7,306
Income from discontinued operations before other items		10,399		20,568
Gain (Loss) on Disposition of Real Estate, Discontinued Operations		9,774		16,490
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		$ 20,173		37,058
Payments to Acquire Productive Assets				(1,827)
Proceeds from Sale of Real Estate				86,154
Payments to Acquire Mortgage Notes Receivable				(4,143)
Proceeds from Sale and Collection of Mortgage Notes Receivable				1,783
Payments to Develop Real Estate Assets				(15,041)
Real Estate Owned, Transfer from Real Estate Owned				4,748
Interest cost capitalized				$ 317

Operating Leases (Details)

Operating Leases (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Straight line rent write off	$ 13,000			$ 13,000		$ 5,600
Operating Lease, Lease Income	92,017	[1]	$ 141,168	229,106	[1]	275,737
Property operating expense	15,329		14,597	28,422		30,148
General and Administrative Expense	$ 10,432		12,230	$ 21,420		23,940
Number of Properties Subject to Ground Leases	58			58
Asset Impairment Charges	$ 51,264		0	$ 51,264		0
Ground Lease Arrangement [Member]
Property Subject to or Available for Operating Lease [Line Items]
Operating Lease, Lease Income	5,514	[2]	5,835	3,468	[2]	11,558
Property operating expense	6,283		6,065	12,500		12,003
Office Lease [Member]
Property Subject to or Available for Operating Lease [Line Items]
General and Administrative Expense	226		226	452		456
Experiential Reportable Operating Segment [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property operating expense	14,514		13,488	26,843		27,936
Right-of-Use Assets, Operating Lease [Member] | Experiential Reportable Operating Segment [Member]
Property Subject to or Available for Operating Lease [Line Items]
Asset Impairment Charges	$ 15,009	[3]	$ 0	$ 15,009	[3]	$ 0
Number of impaired properties	2			2
straight-line receivable [Member]
Property Subject to or Available for Operating Lease [Line Items]
Straight line rent write off	$ 500			$ 5,000
[1]	(1) During the three and six months ended June 30, 2020 , the Company wrote-off straight-line receivables of $0.5 million and $5.0 million , respectively, to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income.
[2]	(2) During the six months ended June 30, 2020 , the Company wrote-off sub-lessor ground lease straight-line receivables of $8.0 million to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income.
[3]	(3) During the three and six months ended June 30, 2020 , the Company recognized impairment charges of $15.0 million related to the operating lease right-of-use assets at two of its properties. See Note 4 for the details on these impairments.

Segment Information Balance She

Segment Information Balance Sheet Data (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)segment	Dec. 31, 2019USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Operating Segments | segment	2
Total Assets	$ 7,002,978	$ 6,577,511
Experiential Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	5,253,239	5,307,295
Education Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Total Assets	721,098	730,165
Corporate / Unallocated
Segment Reporting Information [Line Items]
Total Assets	$ 1,028,641	$ 540,051

Segment Information Operating D

Segment Information Operating Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Rental revenue	$ 97,531	$ 147,003	$ 232,574	$ 287,295
Other income	416	5,726	7,989	6,070
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	8,413	9,011	16,809	18,902
Revenues	106,360	161,740	257,372	312,267
Property operating expense	15,329	14,597	28,422	30,148
Other expense	2,798	8,091	12,332	8,091
Total investment expenses	18,127	22,688	40,754	38,239
Net Operating Income - Before Unallocated Items	88,233	139,052	216,618	274,028
Reconciliation to Consolidated Statements of Income:
General and administrative expense	(10,432)	(12,230)	(21,420)	(23,940)
Severance Costs	0	0	0	(420)
Write off of Deferred Debt Issuance Cost	(820)	0	(820)	0
Interest expense, net	(38,340)	(36,458)	(73,093)	(70,421)
Transaction costs	(771)	(6,923)	(1,846)	(12,046)
Financing Receivable, Credit Loss, Expense (Reversal)	(3,484)	0	(4,676)	0
Asset Impairment Charges	(51,264)	0	(51,264)	0
Depreciation and amortization	(42,450)	(38,790)	(86,260)	(74,792)
Equity in loss from joint ventures	(1,724)	470	(2,144)	959
Equity Method Investment, Other than Temporary Impairment	(3,247)	0	(3,247)	0
Gain on sale of real estate	22	0	242	(388)
Income tax benefit (expense)	1,312	1,300	2,063	1,905
Income from discontinued operations before other items	0	10,399	0	20,568
Gain (Loss) on Disposition of Real Estate, Discontinued Operations	0	9,774	0	16,490
Net income attributable to EPR Properties	(62,965)	66,594	(25,847)	131,943
Preferred dividend requirements	(6,034)	(6,034)	(12,068)	(12,068)
Net Income (Loss) Available to Common Stockholders, Basic	(68,999)	60,560	(37,915)	119,875
Experiential Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	84,204	129,271	202,864	253,287
Other income	8	5,423	7,213	5,494
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	8,108	8,761	16,152	18,129
Revenues	92,320	143,455	226,229	276,910
Property operating expense	14,514	13,488	26,843	27,936
Other expense	2,798	8,091	12,332	8,091
Total investment expenses	17,312	21,579	39,175	36,027
Net Operating Income - Before Unallocated Items	75,008	121,876	187,054	240,883
Education Reportable Operating Segment [Member]
Segment Reporting Information [Line Items]
Rental revenue	13,327	17,732	29,710	34,008
Other income	0	0	0	0
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	305	250	657	773
Revenues	13,632	17,982	30,367	34,781
Property operating expense	628	882	1,169	1,752
Other expense	0	0	0	0
Total investment expenses	628	882	1,169	1,752
Net Operating Income - Before Unallocated Items	13,004	17,100	29,198	33,029
Corporate / Unallocated
Segment Reporting Information [Line Items]
Rental revenue	0	0	0	0
Other income	408	303	776	576
Interest and Fee Income, Loans, Commercial and Residential, Real Estate	0	0	0	0
Revenues	408	303	776	576
Property operating expense	187	227	410	460
Other expense	0	0	0	0
Total investment expenses	187	227	410	460
Net Operating Income - Before Unallocated Items	$ 221	$ 76	$ 366	$ 116

Other Commitments And Conting_2

Other Commitments And Contingencies (Details) $ in Thousands	Jun. 30, 2020USD ($)mortgagenotes
Number Of Mortgage Notes Receivable | mortgagenotes	3
Mortgage Note and Notes Receivable Commitments	$ 25,852
Number of Surety Bonds	2
Surety bonds	$ 31,600
Experiential Reportable Operating Segment [Member]
Development projects in process (in projects)	10
Other Commitment	$ 81,700

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands	Jul. 31, 2020USD ($)	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)		Jun. 30, 2019USD ($)
Subsequent Event [Line Items]
Operating Lease, Lease Income		$ 92,017	[1]	$ 141,168	$ 229,106	[1]	$ 275,737
American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Properties with Transitional Leases	7
Number of Properties Subject to Lease	53
Number of Properties in Master Lease	46
Triple net lease term	14
Other Commitment	$ 35,000
Master Lease Tranches	4
Lessor, Operating Lease, Option to Extend	3
Number of Years in Lease Extension	5
Number of Properties Allowed to Remove	3
Percentage Rent, Percentage	15.00%
Fixed Rent Escalator	7.50%
Rent Escalation Term	5
Ground Lease Arrangement [Member]
Subsequent Event [Line Items]
Operating Lease, Lease Income		$ 5,514	[2]	$ 5,835	$ 3,468	[2]	$ 11,558
Minimum [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Properties Allowed to Remove	2
Maximum [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of Properties Allowed to Remove	10
Transitional [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Annual Rent Reduction, Amount	$ 6,200
Operating Lease, Lease Income	8,100
Transitional [Member] | Ground Lease Arrangement [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Operating Lease, Lease Income	1,200
Master Lease [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Annual Rent Reduction, Amount	19,400
Operating Lease, Lease Income	87,800
Master Lease [Member] | Ground Lease Arrangement [Member] | American Multi-Cinema, Inc. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Operating Lease, Lease Income	$ 6,800
[1]	(1) During the three and six months ended June 30, 2020 , the Company wrote-off straight-line receivables of $0.5 million and $5.0 million , respectively, to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income.
[2]	(2) During the six months ended June 30, 2020 , the Company wrote-off sub-lessor ground lease straight-line receivables of $8.0 million to straight-line rental revenue classified in rental revenue in the accompanying consolidated statements of (loss) income and comprehensive (loss) income.

Uncategorized Items - epr630202

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 531,440,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 18,507,000