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)
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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