See more : SouthState Corporation (SSB) Income Statement Analysis – Financial Results
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.
You may be interested
- Daiichi Co.,Ltd. (7643.T) Income Statement Analysis – Financial Results
- Yamami Company (2820.T) Income Statement Analysis – Financial Results
- Melstar Information Technologies Limited (MELSTAR.BO) Income Statement Analysis – Financial Results
- National Bank of Canada (NBKCF) Income Statement Analysis – Financial Results
- CAVU Energy Metals Corp. (CAVVF) Income Statement Analysis – Financial Results
Essential Properties Realty Trust, Inc. (EPRT)
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 |
Bad News For REITs: 8 Troubling Takeaways For Real Estate
Some property sectors are in trouble due to oversupply, which is causing rents and property values to decline. Moreover, capital remains expensive and a wave of debt maturities is looming. Here's what this means for REITs and other commercial real...
Losers Of REIT Earnings Season
After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were...
Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements...
Essential Properties Realty Trust, Inc. Announces Public Offering of Common Stock
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,000,000 shares of its common stock on a forward basis in connection with the forward sale agreements described...
Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.285 per Share for the First Quarter of 2024
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.285 per share of common stock for the first quarter of 2024. This represents an annualized...
This Could Be The Best Time In My Lifetime To Buy REITs
REITs have access to capital and are acquiring assets, making it a good time to invest. REITs historically rebound when interest rates pivot and have the potential for rent growth. Realty Income, Agree Realty, VICI Properties, Essential Properties Trust, and...
5 Forever REITs To Build A Portfolio
There are rare REITs that I expect to hold forever. These REITs have consistently outperformed over the long run. Here are 5 Forever REITs to buy your portfolio with.
March Madness: 3 REITs Jumping Out Of The Gym
I love this time of the year because I can write about two of my favorite passions - college basketball and REITs. Of course, as you know, fundamentals are the key to selecting winning teams and winning REITs. Today I'm...
Essential Properties Realty Trust, Inc. Announces Executive Promotions
PRINCETON, N.J.--(BUSINESS WIRE)--Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the promotion of two executives. Max Jenkins has been promoted to EVP, Head of Investments. AJ Peil, CFA has been promoted to EVP, Head of...
Lesson Learned: The Raised Nail Gets Hammered
I love sharing my experience as a real estate developer and the lessons learned. Today I want to highlight a few of these missteps and what I learned. As my wealthy friend told me, the “raised nail gets hammered”.
Source: https://incomestatements.info
Category: Stock Reports