Essential Properties Realty Trust, Inc. (EPRT) Income Statement Analysis

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Complete financial analysis of Essential Properties Realty Trust, Inc. (EPRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Essential Properties Realty Trust, Inc., a leading company in the REIT – Diversified industry within the Real Estate sector.

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Essential Properties Realty Trust, Inc. (EPRT)

Industry: REIT - Diversified

Sector: Real Estate

Website: https://essentialproperties.com

About Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	359.60M	286.51M	230.23M	164.01M	139.36M	96.22M	54.50M	15.53M
Cost of Revenue	8.21M	3.45M	5.76M	3.88M	3.07M	1.98M	1.55M	5.97M
Gross Profit	351.38M	283.05M	224.47M	160.13M	136.29M	94.24M	52.95M	9.56M
Gross Profit Ratio	97.72%	98.80%	97.50%	97.63%	97.80%	97.94%	97.16%	61.56%
Research & Development	0.00	0.47	0.42	0.26	0.35	0.22	0.12	0.24
General & Administrative	30.68M	29.46M	24.33M	24.44M	21.75M	13.76M	8.94M	5.63M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	30.68M	29.46M	24.33M	24.44M	21.75M	13.76M	8.94M	0.24
Other Expenses	81.50M	88.65M	68.94M	60.28M	42.75M	31.35M	19.52M	-1.41M
Operating Expenses	112.18M	118.11M	93.27M	84.72M	64.49M	45.11M	28.45M	13.57M
Cost & Expenses	116.84M	121.57M	99.03M	88.60M	67.56M	47.09M	30.00M	10.37M
Interest Income	2.01M	2.83M	94.00K	485.00K	794.00K	930.00K	49.00K	1.31M
Interest Expense	52.60M	40.37M	33.61M	29.65M	27.04M	30.19M	22.57M	0.00
Depreciation & Amortization	101.94M	95.59M	109.69M	95.70M	95.03M	47.54M	30.38M	5.43M
EBITDA	352.05M	279.50M	199.95M	135.34M	115.34M	80.82M	44.55M	10.59M
EBITDA Ratio	97.90%	89.47%	87.06%	82.52%	82.76%	84.61%	81.74%	92.55%
Operating Income	242.75M	175.42M	134.42M	72.83M	72.59M	19.87M	24.50M	5.16M
Operating Income Ratio	67.51%	61.23%	58.38%	44.41%	52.09%	20.65%	44.95%	34.94%
Total Other Income/Expenses	-50.70M	-39.68M	-37.98M	-30.09M	-31.48M	-29.26M	-18.15M	-1.41M
Income Before Tax	192.05M	135.74M	96.44M	42.74M	48.33M	20.81M	6.46M	3.75M
Income Before Tax Ratio	53.41%	47.38%	41.89%	26.06%	34.68%	21.63%	11.55%	68.19%
Income Tax Expense	636.00K	998.00K	227.00K	212.00K	303.00K	195.00K	161.00K	5.16M
Net Income	190.71M	134.13M	95.73M	42.27M	41.84M	15.61M	6.30M	3.75M
Net Income Ratio	53.03%	46.82%	41.58%	25.77%	30.03%	16.23%	35.45%	24.14%
EPS	1.25	0.99	0.82	0.44	0.65	0.37	0.47	0.09
EPS Diluted	1.24	0.99	0.82	0.44	0.63	0.36	0.47	0.09
Weighted Avg Shares Out	152.14M	134.94M	116.36M	95.31M	64.10M	42.63M	40.98M	40.98M
Weighted Avg Shares Out (Dil)	153.52M	135.86M	117.47M	96.20M	75.31M	43.75M	40.98M	40.98M

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