Free Trial

Essential Properties Realty Trust (EPRT) Financials

Essential Properties Realty Trust logo
$32.18 +0.31 (+0.99%)
Closing price 03:59 PM Eastern
Extended Trading
$31.41 -0.77 (-2.40%)
As of 05:09 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Essential Properties Realty Trust

Annual Income Statements for Essential Properties Realty Trust

This table shows Essential Properties Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
6.30 16 42 42 96 134 191 203
Consolidated Net Income / (Loss)
6.30 21 48 43 96 135 191 204
Net Income / (Loss) Continuing Operations
6.30 21 48 43 96 135 191 204
Total Pre-Tax Income
6.46 21 48 43 96 136 192 204
Total Revenue
32 67 108 140 192 247 309 376
Net Interest Income / (Expense)
-23 -29 -26 -29 -34 -38 -51 -75
Total Interest Income
0.05 0.93 0.79 0.49 0.09 2.83 2.01 3.07
Other Interest Income
0.05 0.93 0.79 0.49 0.09 2.83 2.01 3.07
Total Interest Expense
23 30 27 30 34 40 53 79
Long-Term Debt Interest Expense
23 30 27 30 34 40 53 79
Total Non-Interest Income
54 96 134 169 226 284 359 451
Other Service Charges
0.78 0.62 0.66 0.08 1.20 1.18 1.57 2.00
Net Realized & Unrealized Capital Gains on Investments
- - -5.24 4.90 -4.46 -2.14 -0.12 0.00
Other Non-Interest Income
54 96 139 164 229 285 358 449
Total Non-Interest Expense
25 46 60 97 96 111 117 171
Net Occupancy & Equipment Expense
1.55 1.98 3.07 3.88 5.76 3.45 4.66 5.00
Other Operating Expenses
8.78 14 22 25 24 30 31 35
Depreciation Expense
20 31 43 59 69 89 102 122
Impairment Charge
2.38 4.50 2.92 8.40 6.12 20 3.55 15
Other Special Charges
-6.75 -5.45 -11 - -9.34 -31 -24 -5.98
Income Tax Expense
0.16 0.20 0.30 0.21 0.23 1.00 0.64 0.63
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 5.00 6.18 0.26 0.49 0.61 0.71 0.63
Basic Earnings per Share
$0.00 $0.00 $0.65 $0.44 $0.82 $0.99 $1.25 $1.16
Weighted Average Basic Shares Outstanding
0.00 0.00 64.10M 95.31M 116.36M 134.94M 152.14M 173.86M
Diluted Earnings per Share
$0.00 $0.00 $0.63 $0.44 $0.82 $0.99 $1.24 $1.15
Weighted Average Diluted Shares Outstanding
0.00 0.00 75.31M 96.20M 117.47M 135.86M 153.52M 177.12M
Weighted Average Basic & Diluted Shares Outstanding
- 43.80M 91.95M 213.87M 125.61M 144.35M 166.10M 187.69M
Cash Dividends to Common per Share
- - $0.88 $0.93 - $1.08 $1.12 $1.16

Quarterly Income Statements for Essential Properties Realty Trust

This table shows Essential Properties Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
36 35 43 53 46 49 47 52 49 55
Consolidated Net Income / (Loss)
37 36 43 53 46 49 47 52 49 56
Net Income / (Loss) Continuing Operations
37 36 43 53 46 49 47 52 49 56
Total Pre-Tax Income
37 36 43 53 46 49 47 52 49 56
Total Revenue
62 64 72 87 79 70 90 94 97 95
Net Interest Income / (Expense)
-9.14 -10 -11 -12 -12 -15 -15 -17 -20 -23
Total Interest Income
0.75 2.03 0.64 0.45 0.33 0.60 0.49 0.85 1.17 0.56
Other Interest Income
0.75 2.03 0.64 0.45 0.33 0.60 0.49 0.85 1.17 0.56
Total Interest Expense
9.89 12 12 12 13 16 16 17 22 24
Long-Term Debt Interest Expense
9.89 12 12 12 13 16 16 17 22 24
Total Non-Interest Income
71 74 84 99 92 85 105 111 117 118
Other Service Charges
0.42 0.17 1.07 0.16 0.12 0.22 0.25 1.59 0.14 0.02
Net Realized & Unrealized Capital Gains on Investments
0.00 - - 13 -0.12 - 1.51 0.13 0.00 -1.65
Other Non-Interest Income
70 74 83 86 92 98 103 109 117 120
Total Non-Interest Expense
25 29 29 34 33 21 43 43 47 39
Net Occupancy & Equipment Expense
0.83 0.79 0.84 1.14 1.36 1.32 0.99 1.16 1.54 1.31
Other Operating Expenses
7.87 6.60 8.58 7.59 7.11 7.29 9.36 8.71 8.87 8.45
Depreciation Expense
22 24 24 25 26 27 29 30 31 33
Impairment Charge
0.35 9.62 0.68 0.80 0.17 1.90 3.75 2.81 5.70 2.59
Income Tax Expense
0.19 0.23 0.15 0.16 0.16 0.16 0.16 0.16 0.16 0.16
Net Income / (Loss) Attributable to Noncontrolling Interest
0.16 0.17 0.16 0.20 0.17 0.18 0.15 0.16 0.15 0.17
Basic Earnings per Share
$0.26 $0.25 $0.30 $0.35 $0.29 $0.31 $0.28 $0.29 $0.28 $0.31
Weighted Average Basic Shares Outstanding
139.07M 134.94M 144.41M 150.49M 155.92M 152.14M 167.29M 175.32M 175.33M 173.86M
Diluted Earnings per Share
$0.26 $0.25 $0.29 $0.35 $0.29 $0.31 $0.28 $0.29 $0.27 $0.31
Weighted Average Diluted Shares Outstanding
139.89M 135.86M 146.00M 151.52M 157.18M 153.52M 168.85M 177.58M 179.61M 177.12M
Weighted Average Basic & Diluted Shares Outstanding
142.38M 144.35M 148.84M 156.01M 156.02M 166.10M 175.31M 175.33M 175.33M 187.69M

Annual Cash Flow Statements for Essential Properties Realty Trust

This table details how cash moves in and out of Essential Properties Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
7.51 -3.19 5.08 12 27 12 -23 -3.99
Net Cash From Operating Activities
22 46 89 99 167 211 255 308
Net Cash From Continuing Operating Activities
22 46 91 99 167 211 255 308
Net Income / (Loss) Continuing Operations
6.30 21 48 43 96 135 191 204
Consolidated Net Income / (Loss)
6.30 21 48 43 96 135 191 204
Provision For Loan Losses
- 0.00 0.00 0.83 -0.20 0.09 -0.10 0.23
Depreciation Expense
20 31 43 59 69 89 102 122
Amortization Expense
2.55 3.29 3.63 6.39 6.56 6.36 5.37 7.18
Non-Cash Adjustments to Reconcile Net Income
-7.71 -6.93 -5.36 -1.95 -21 -19 -39 -19
Changes in Operating Assets and Liabilities, net
1.82 -2.41 2.43 -7.82 17 0.56 -5.19 -6.17
Net Cash From Investing Activities
-464 -462 -608 -546 -830 -706 -857 -1,123
Net Cash From Continuing Investing Activities
-464 -462 -603 -546 -830 -706 -857 -1,123
Purchase of Property, Leasehold Improvements and Equipment
-7.74 -15 -18 -14 -9.35 -52 -105 -263
Acquisitions
-0.25 -1.71 0.53 0.48 -0.59 -0.03 0.19 -3.88
Purchase of Investment Securities
-510 -505 -665 -602 -976 -844 -908 -962
Sale and/or Maturity of Investments
54 61 81 83 159 197 157 107
Other Investing Activities, net
-0.28 -0.52 -2.13 -13 -2.20 -7.49 -1.10 -0.99
Net Cash From Financing Activities
449 413 524 458 689 507 580 811
Net Cash From Continuing Financing Activities
449 413 762 458 689 507 580 811
Issuance of Debt
791 188 911 267 790 697 318 665
Issuance of Common Equity
0.00 589 412 461 458 404 507 570
Repayment of Debt
-319 -392 -732 -181 -445 -448 -72 -220
Payment of Dividends
-101 -14 -64 -86 -112 -142 -168 -200
Other Financing Activities, Net
78 41 236 -2.81 -1.57 -3.46 -4.62 -4.34
Cash Interest Paid
20 28 29 27 24 37 50 74
Cash Income Taxes Paid
0.01 0.06 0.06 0.55 0.64 1.21 1.49 0.90

Quarterly Cash Flow Statements for Essential Properties Realty Trust

This table details how cash moves in and out of Essential Properties Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
118 -73 -0.54 -57 28 6.95 30 -55 14 6.27
Net Cash From Operating Activities
53 56 54 65 63 73 67 81 74 87
Net Cash From Continuing Operating Activities
53 56 54 65 63 73 67 81 74 87
Net Income / (Loss) Continuing Operations
37 36 43 53 46 49 47 52 49 56
Consolidated Net Income / (Loss)
37 36 43 53 46 49 47 52 49 56
Provision For Loan Losses
-0.03 -0.05 -0.03 0.01 -0.06 -0.01 0.00 0.00 0.25 -0.02
Depreciation Expense
22 24 24 25 26 27 29 30 31 33
Amortization Expense
4.58 -0.63 1.82 1.58 2.33 -0.36 1.38 1.42 1.77 2.61
Non-Cash Adjustments to Reconcile Net Income
-7.61 -4.60 -8.51 -17 -5.23 -8.89 -4.79 -5.30 -1.98 -6.48
Changes in Operating Assets and Liabilities, net
-2.99 2.09 -6.47 2.58 -6.44 5.14 -5.48 3.41 -6.67 2.57
Net Cash From Investing Activities
-140 -240 -159 -230 -181 -287 -231 -330 -288 -275
Net Cash From Continuing Investing Activities
-140 -240 -159 -230 -181 -287 -231 -330 -288 -275
Purchase of Property, Leasehold Improvements and Equipment
-17 -17 -15 -18 -29 -43 -38 -63 -93 -69
Acquisitions
-0.54 1.08 -0.65 0.07 -0.03 0.79 -0.68 -0.66 -1.34 -1.20
Purchase of Investment Securities
-181 -276 -192 -262 -184 -269 -211 -272 -211 -267
Sale and/or Maturity of Investments
59 58 48 50 32 26 19 5.71 19 63
Net Cash From Financing Activities
206 111 105 107 146 221 194 194 228 194
Net Cash From Continuing Financing Activities
206 111 105 107 146 221 194 194 228 194
Issuance of Debt
285 148 - - 193 75 - - 280 130
Issuance of Common Equity
213 -0.03 147 149 20 191 245 - - 326
Repayment of Debt
-256 2.34 - - -22 -0.13 - - -0.07 -210
Payment of Dividends
-36 -39 -39 -41 -44 -44 -47 -50 -51 -51
Other Financing Activities, Net
-0.38 -0.27 -2.87 -0.76 -0.71 -0.27 -3.38 -0.39 -0.10 -0.46
Cash Interest Paid
11 17 12 5.69 21 12 17 13 24 19
Cash Income Taxes Paid
- 0.16 0.50 0.72 0.15 0.12 0.18 0.58 0.10 0.05

Annual Balance Sheets for Essential Properties Realty Trust

This table presents Essential Properties Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
942 1,381 1,975 2,489 3,299 4,000 4,768 5,799
Cash and Due from Banks
7.25 4.24 8.30 27 60 62 40 41
Restricted Cash
12 12 13 6.39 0.00 9.16 9.16 4.27
Trading Account Securities
- - - - 0.00 48 31 28
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
863 1,307 1,813 2,261 3,040 3,669 4,480 5,402
Intangible Assets
38 15 -11 -56 -112 -188 -278 -383
Other Assets
22 44 152 222 311 399 486 707
Total Liabilities & Shareholders' Equity
942 1,381 1,975 2,489 3,299 4,000 4,768 5,799
Total Liabilities
761 570 773 907 1,255 1,503 1,781 2,227
Short-Term Debt
0.00 34 46 18 144 0.00 0.00 0.00
Other Short-Term Payables
- 13 19 26 - 39 47 56
Long-Term Debt
742 506 681 797 1,022 1,421 1,669 2,118
Other Long-Term Liabilities
19 17 27 66 89 43 65 53
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
181 811 1,202 1,582 2,044 2,497 2,987 3,572
Total Preferred & Common Equity
181 562 1,194 1,575 2,037 2,488 2,979 3,564
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
181 562 1,194 1,575 2,037 2,488 2,979 3,564
Common Stock
0.00 570 1,224 1,690 2,152 2,565 3,080 3,660
Retained Earnings
0.00 -7.66 -27 -78 -101 -117 -106 -113
Accumulated Other Comprehensive Income / (Loss)
- 0.00 -1.95 -37 -15 41 4.02 17
Noncontrolling Interest
181 249 7.66 7.19 7.24 8.51 8.42 8.45

Quarterly Balance Sheets for Essential Properties Realty Trust

This table presents Essential Properties Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
3,854 4,136 4,313 4,512 5,013 5,267 5,532
Cash and Due from Banks
136 71 14 36 79 24 33
Restricted Cash
7.93 0.00 0.00 5.91 0.00 0.94 6.06
Trading Account Securities
51 37 48 54 37 36 18
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
3,469 3,829 4,055 4,230 4,681 4,892 5,101
Intangible Assets
-170 -210 -231 -256 -305 -334 -356
Other Assets
347 410 427 442 521 648 730
Total Liabilities & Shareholders' Equity
3,854 4,136 4,313 4,512 5,013 5,267 5,532
Total Liabilities
1,350 1,506 1,506 1,674 1,766 2,015 2,330
Short-Term Debt
0.00 0.00 0.00 0.00 0.00 245 80
Other Short-Term Payables
39 41 44 44 50 51 51
Long-Term Debt
1,270 1,421 1,422 1,593 1,669 1,670 2,116
Other Long-Term Liabilities
41 43 40 38 46 49 83
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,504 2,631 2,807 2,838 3,248 3,252 3,202
Total Preferred & Common Equity
2,496 2,622 2,799 2,829 3,239 3,244 3,193
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
2,496 2,622 2,799 2,829 3,239 3,244 3,193
Common Stock
2,563 2,714 2,865 2,887 3,327 3,330 3,332
Retained Earnings
-113 -118 -109 -108 -112 -111 -113
Accumulated Other Comprehensive Income / (Loss)
47 26 43 49 24 25 -26
Noncontrolling Interest
7.56 8.43 8.53 8.58 8.47 8.47 8.31

Annual Metrics and Ratios for Essential Properties Realty Trust

This table displays calculated financial ratios and metrics derived from Essential Properties Realty Trust's official financial filings.

Metric 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - -
Revenue Growth
0.00% 109.75% 61.10% 29.54% 37.58% 28.38% 25.15% 21.62%
EBITDA Growth
0.00% 94.39% 70.78% 14.60% 58.61% 33.99% 29.90% 11.33%
EBIT Growth
0.00% 222.27% 132.25% -11.56% 125.64% 40.75% 41.48% 6.36%
NOPAT Growth
0.00% 227.41% 132.97% -11.45% 126.23% 40.05% 42.06% 6.39%
Net Income Growth
0.00% 227.41% 132.97% -11.45% 126.23% 40.05% 42.06% 6.39%
EPS Growth
0.00% 0.00% 0.00% -30.16% 86.36% 20.73% 25.25% -7.26%
Operating Cash Flow Growth
0.00% 104.31% 92.89% 12.22% 68.42% 26.06% 20.64% 21.18%
Free Cash Flow Firm Growth
0.00% 0.00% -30.03% 19.66% -68.22% 19.94% 4.65% -51.90%
Invested Capital Growth
0.00% 46.38% 42.77% 24.27% 33.88% 22.06% 18.84% 22.21%
Revenue Q/Q Growth
0.00% 0.00% 15.39% 5.91% 7.17% 5.15% 1.93% 7.02%
EBITDA Q/Q Growth
0.00% 0.00% 11.87% 1.19% 16.47% 2.87% 6.15% 4.61%
EBIT Q/Q Growth
0.00% 0.00% 15.18% -17.33% 34.48% 4.55% 7.72% 3.20%
NOPAT Q/Q Growth
0.00% 0.00% 15.17% -17.34% 33.39% 4.44% 7.74% 3.18%
Net Income Q/Q Growth
0.00% 0.00% 15.17% -17.34% 33.39% 4.44% 7.74% 3.18%
EPS Q/Q Growth
0.00% 0.00% 90.91% -22.81% 32.26% 0.00% 5.08% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 31.34% 13.48% 3.07% 14.55% 2.21% 6.77% 4.92%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 22.23% -34.09% 15.60% -14.15% -7.83%
Invested Capital Q/Q Growth
0.00% 0.00% 9.55% 1.59% 8.22% 3.80% 5.08% 5.40%
Profitability Metrics
- - - - - - - -
EBITDA Margin
89.36% 82.82% 87.79% 77.67% 89.54% 93.45% 97.00% 88.80%
EBIT Margin
20.23% 31.08% 44.80% 30.59% 50.16% 54.99% 62.17% 54.37%
Profit (Net Income) Margin
19.72% 30.79% 44.52% 30.43% 50.04% 54.59% 61.97% 54.20%
Tax Burden Percent
97.51% 99.06% 99.37% 99.50% 99.76% 99.26% 99.67% 99.69%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
2.49% 0.94% 0.63% 0.50% 0.24% 0.74% 0.33% 0.31%
Return on Invested Capital (ROIC)
0.68% 1.81% 2.93% 1.97% 3.43% 3.78% 4.47% 3.94%
ROIC Less NNEP Spread (ROIC-NNEP)
0.68% 1.81% 2.93% 1.97% 3.43% 3.78% 4.47% 3.94%
Return on Net Nonoperating Assets (RNNOA)
2.79% 2.34% 1.84% 1.09% 1.88% 2.15% 2.52% 2.27%
Return on Equity (ROE)
3.47% 4.15% 4.77% 3.06% 5.31% 5.94% 6.98% 6.21%
Cash Return on Invested Capital (CROIC)
0.00% -35.84% -32.31% -19.68% -25.54% -16.09% -12.75% -16.05%
Operating Return on Assets (OROA)
0.69% 1.79% 2.88% 1.91% 3.33% 3.72% 4.38% 3.87%
Return on Assets (ROA)
0.67% 1.77% 2.86% 1.91% 3.32% 3.69% 4.37% 3.85%
Return on Common Equity (ROCE)
3.47% 3.11% 4.16% 3.04% 5.29% 5.91% 6.96% 6.19%
Return on Equity Simple (ROE_SIMPLE)
3.47% 3.67% 4.02% 2.70% 4.72% 5.42% 6.43% 5.71%
Net Operating Profit after Tax (NOPAT)
6.30 21 48 43 96 135 191 204
NOPAT Margin
19.72% 30.79% 44.52% 30.43% 50.04% 54.59% 61.97% 54.20%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
4.85% 2.96% 2.85% 2.78% 3.00% 1.40% 1.51% 1.33%
Operating Expenses to Revenue
79.77% 68.92% 55.20% 69.41% 49.94% 45.01% 37.83% 45.63%
Earnings before Interest and Taxes (EBIT)
6.46 21 48 43 96 136 192 204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
29 55 95 109 172 231 300 334
Valuation Ratios
- - - - - - - -
Price to Book Value (P/BV)
2.51 0.84 1.37 1.21 1.53 1.23 1.29 1.54
Price to Tangible Book Value (P/TBV)
3.16 0.86 1.35 1.17 1.45 1.14 1.18 1.39
Price to Revenue (P/Rev)
14.25 7.04 15.12 13.61 16.22 12.41 12.41 14.60
Price to Earnings (P/E)
72.27 30.19 38.97 44.98 32.58 22.84 20.10 27.02
Dividend Yield
0.00% 4.03% 4.37% 5.12% 3.90% 5.00% 4.56% 3.71%
Earnings Yield
1.38% 3.31% 2.57% 2.22% 3.07% 4.38% 4.98% 3.70%
Enterprise Value to Invested Capital (EV/IC)
1.47 0.92 1.22 1.12 1.32 1.13 1.17 1.33
Enterprise Value to Revenue (EV/Rev)
42.56 18.58 21.73 19.26 22.01 17.91 17.68 20.14
Enterprise Value to EBITDA (EV/EBITDA)
47.63 22.44 24.75 24.79 24.58 19.17 18.23 22.68
Enterprise Value to EBIT (EV/EBIT)
210.41 59.79 48.50 62.96 43.88 32.57 28.44 37.04
Enterprise Value to NOPAT (EV/NOPAT)
215.79 60.35 48.81 63.28 43.98 32.81 28.53 37.15
Enterprise Value to Operating Cash Flow (EV/OCF)
60.45 27.10 26.46 27.08 25.28 20.95 21.45 24.52
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - -
Debt to Equity
4.09 0.67 0.60 0.52 0.57 0.57 0.56 0.59
Long-Term Debt to Equity
4.09 0.62 0.57 0.50 0.50 0.57 0.56 0.59
Financial Leverage
4.09 1.29 0.63 0.55 0.55 0.57 0.56 0.58
Leverage Ratio
5.19 2.34 1.67 1.60 1.60 1.61 1.60 1.61
Compound Leverage Factor
5.19 2.34 1.67 1.60 1.60 1.61 1.60 1.61
Debt to Total Capital
80.35% 39.97% 37.68% 34.01% 36.32% 36.27% 35.84% 37.22%
Short-Term Debt to Total Capital
0.00% 2.52% 2.38% 0.75% 4.49% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
80.35% 37.46% 35.30% 33.26% 31.83% 36.27% 35.84% 37.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
19.65% 18.42% 0.40% 0.30% 0.23% 0.22% 0.18% 0.15%
Common Equity to Total Capital
19.65% 41.61% 61.92% 65.69% 63.45% 63.52% 63.98% 62.63%
Debt to EBITDA
26.00 9.74 7.68 7.51 6.77 6.16 5.57 6.35
Net Debt to EBITDA
25.32 9.45 7.45 7.21 6.42 5.85 5.41 6.21
Long-Term Debt to EBITDA
26.00 9.13 7.19 7.35 5.94 6.16 5.57 6.35
Debt to NOPAT
117.80 26.20 15.14 19.17 12.12 10.54 8.72 10.40
Net Debt to NOPAT
114.71 25.41 14.69 18.39 11.50 10.01 8.46 10.18
Long-Term Debt to NOPAT
117.80 24.55 14.18 18.75 10.62 10.54 8.72 10.40
Noncontrolling Interest Sharing Ratio
0.00% 25.08% 12.74% 0.53% 0.40% 0.35% 0.31% 0.26%
Liquidity Ratios
- - - - - - - -
Cash Flow Metrics
- - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -407 -530 -426 -716 -573 -547 -830
Operating Cash Flow to CapEx
290.47% 300.94% 495.96% 689.09% 1,790.68% 406.83% 242.28% 117.19%
Free Cash Flow to Firm to Interest Expense
0.00 -13.50 -19.60 -14.36 -21.30 -14.20 -10.39 -10.57
Operating Cash Flow to Interest Expense
1.00 1.52 3.28 3.35 4.98 5.23 4.84 3.93
Operating Cash Flow Less CapEx to Interest Expense
0.65 1.02 2.62 2.87 4.70 3.94 2.84 0.58
Efficiency Ratios
- - - - - - - -
Asset Turnover
0.03 0.06 0.06 0.06 0.07 0.07 0.07 0.07
Fixed Asset Turnover
0.04 0.06 0.07 0.07 0.07 0.07 0.08 0.08
Capital & Investment Metrics
- - - - - - - -
Invested Capital
923 1,351 1,929 2,397 3,210 3,918 4,656 5,690
Invested Capital Turnover
0.03 0.06 0.07 0.06 0.07 0.07 0.07 0.07
Increase / (Decrease) in Invested Capital
0.00 428 578 468 812 708 738 1,034
Enterprise Value (EV)
1,359 1,244 2,344 2,691 4,231 4,421 5,461 7,565
Market Capitalization
455 471 1,631 1,902 3,118 3,063 3,833 5,484
Book Value per Share
$5.58 $12.85 $14.74 $15.04 $16.75 $17.48 $19.09 $20.33
Tangible Book Value per Share
$4.42 $12.52 $14.88 $15.58 $17.67 $18.80 $20.87 $22.51
Total Capital
923 1,351 1,929 2,397 3,210 3,918 4,656 5,690
Total Debt
742 540 727 815 1,166 1,421 1,669 2,118
Total Long-Term Debt
742 506 681 797 1,022 1,421 1,669 2,118
Net Debt
722 524 706 782 1,106 1,349 1,620 2,073
Capital Expenditures (CapEx)
7.74 15 18 14 9.35 52 105 263
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
742 540 727 815 1,166 1,421 1,669 2,118
Total Depreciation and Amortization (D&A)
22 35 46 66 76 95 108 129
Earnings Adjustments
- - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.65 $0.44 $0.82 $0.99 $1.25 $1.16
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 64.10M 95.31M 116.36M 134.94M 152.14M 173.86M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.63 $0.44 $0.82 $0.99 $1.24 $1.15
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 75.31M 96.20M 117.47M 135.86M 153.52M 177.12M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 43.80M 91.95M 213.87M 125.61M 144.35M 166.10M 187.69M
Normalized Net Operating Profit after Tax (NOPAT)
2.03 20 40 51 93 124 171 212
Normalized NOPAT Margin
6.37% 29.39% 37.14% 36.41% 48.37% 50.37% 55.32% 56.56%
Pre Tax Income Margin
20.23% 31.08% 44.80% 30.59% 50.16% 54.99% 62.17% 54.37%
Debt Service Ratios
- - - - - - - -
EBIT to Interest Expense
0.29 0.69 1.79 1.44 2.87 3.36 3.65 2.60
NOPAT to Interest Expense
0.28 0.68 1.78 1.43 2.86 3.34 3.64 2.59
EBIT Less CapEx to Interest Expense
-0.06 0.18 1.13 0.96 2.59 2.08 1.65 -0.75
NOPAT Less CapEx to Interest Expense
-0.06 0.18 1.12 0.95 2.58 2.05 1.64 -0.76
Payout Ratios
- - - - - - - -
Dividend Payout Ratio
1,607.72% 68.24% 133.06% 203.34% 116.76% 105.16% 87.89% 98.05%
Augmented Payout Ratio
1,607.72% 68.24% 133.06% 203.34% 116.76% 105.16% 87.89% 98.05%

Quarterly Metrics and Ratios for Essential Properties Realty Trust

This table displays calculated financial ratios and metrics derived from Essential Properties Realty Trust's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
21.39% 23.23% 22.69% 40.38% 28.79% 9.12% 24.54% 8.00% 22.00% 35.19%
EBITDA Growth
44.93% 11.94% 41.53% 33.88% 17.95% 29.51% 12.10% 4.64% 9.77% 19.08%
EBIT Growth
32.78% 19.34% 59.33% 47.31% 25.74% 38.88% 9.42% -2.50% 6.92% 12.61%
NOPAT Growth
32.36% 19.24% 60.55% 48.00% 25.95% 38.71% 9.45% -2.50% 6.95% 12.74%
Net Income Growth
32.36% 19.24% 60.55% 48.00% 25.95% 38.71% 9.45% -2.50% 6.95% 12.74%
EPS Growth
13.04% 0.00% 38.10% 29.63% 11.54% 24.00% -3.45% -17.14% -6.90% 0.00%
Operating Cash Flow Growth
13.77% 8.79% 21.71% 12.99% 19.60% 28.61% 24.34% 24.06% 16.90% 19.94%
Free Cash Flow Firm Growth
-33.39% 14.05% 20.97% -9.43% 20.89% -2.42% -33.01% -33.02% -50.39% -42.06%
Invested Capital Growth
27.25% 22.06% 19.39% 20.51% 17.40% 18.84% 21.35% 22.19% 21.83% 22.21%
Revenue Q/Q Growth
-1.23% 4.31% 12.50% 21.12% -9.38% -11.63% 28.40% 5.04% 2.37% -2.08%
EBITDA Q/Q Growth
6.81% -6.79% 16.22% 15.45% -5.90% 2.34% 0.88% 7.77% -1.29% 11.02%
EBIT Q/Q Growth
1.92% -3.17% 20.85% 23.03% -13.00% 6.95% -4.35% 9.63% -4.59% 12.64%
NOPAT Q/Q Growth
2.18% -2.92% 21.21% 23.10% -13.04% 6.91% -4.36% 9.66% -4.61% 12.69%
Net Income Q/Q Growth
2.18% -2.92% 21.21% 23.10% -13.04% 6.91% -4.36% 9.66% -4.61% 12.69%
EPS Q/Q Growth
-3.70% -3.85% 16.00% 20.69% -17.14% 6.90% -9.68% 3.57% -6.90% 14.81%
Operating Cash Flow Q/Q Growth
-9.14% 7.33% -4.89% 21.82% -3.83% 15.42% -8.05% 21.55% -9.38% 18.42%
Free Cash Flow Firm Q/Q Growth
-26.66% 12.85% 8.56% -8.42% 8.43% -12.83% -18.75% -8.42% -3.53% -6.57%
Invested Capital Q/Q Growth
7.55% 3.80% 3.43% 4.37% 4.77% 5.08% 5.61% 5.09% 4.46% 5.40%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
103.07% 92.10% 95.37% 90.90% 94.39% 109.31% 85.84% 88.08% 84.92% 96.28%
EBIT Margin
59.78% 55.50% 59.85% 60.79% 58.37% 70.64% 52.59% 54.88% 51.15% 58.84%
Profit (Net Income) Margin
59.48% 55.35% 59.64% 60.61% 58.16% 70.36% 52.41% 54.72% 50.99% 58.68%
Tax Burden Percent
99.48% 99.35% 99.65% 99.70% 99.65% 99.67% 99.67% 99.70% 99.68% 99.72%
Interest Burden Percent
100.00% 100.38% 100.00% 100.00% 100.00% 99.94% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
0.52% 0.65% 0.35% 0.30% 0.35% 0.33% 0.33% 0.30% 0.32% 0.28%
Return on Invested Capital (ROIC)
4.14% 3.83% 4.17% 4.47% 4.30% 5.07% 3.82% 3.89% 3.64% 4.26%
ROIC Less NNEP Spread (ROIC-NNEP)
4.14% 3.83% 4.17% 4.47% 4.30% 5.07% 3.82% 3.89% 3.64% 4.26%
Return on Net Nonoperating Assets (RNNOA)
2.13% 2.18% 2.22% 2.35% 2.30% 2.86% 2.01% 2.14% 2.29% 2.46%
Return on Equity (ROE)
6.28% 6.02% 6.39% 6.82% 6.60% 7.93% 5.82% 6.03% 5.93% 6.72%
Cash Return on Invested Capital (CROIC)
-20.16% -16.09% -13.62% -14.25% -11.67% -12.75% -14.93% -15.84% -15.67% -16.05%
Operating Return on Assets (OROA)
4.06% 3.75% 4.10% 4.39% 4.23% 4.98% 3.75% 3.82% 3.58% 4.18%
Return on Assets (ROA)
4.04% 3.74% 4.08% 4.38% 4.21% 4.96% 3.74% 3.81% 3.56% 4.17%
Return on Common Equity (ROCE)
6.26% 6.00% 6.37% 6.79% 6.58% 7.90% 5.81% 6.01% 5.91% 6.70%
Return on Equity Simple (ROE_SIMPLE)
5.17% 0.00% 5.76% 6.01% 6.28% 0.00% 6.04% 5.99% 6.18% 0.00%
Net Operating Profit after Tax (NOPAT)
37 36 43 53 46 49 47 52 49 56
NOPAT Margin
59.48% 55.35% 59.64% 60.61% 58.16% 70.36% 52.41% 54.72% 50.99% 58.68%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
1.35% 1.22% 1.17% 1.31% 1.72% 1.88% 1.10% 1.22% 1.59% 1.39%
Operating Expenses to Revenue
40.26% 44.50% 40.19% 39.21% 41.63% 29.36% 47.41% 45.12% 48.85% 41.16%
Earnings before Interest and Taxes (EBIT)
37 36 43 53 46 49 47 52 49 56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
63 59 69 79 75 77 77 83 82 91
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.96 1.23 1.29 1.20 1.14 1.29 1.27 1.50 1.88 1.54
Price to Tangible Book Value (P/TBV)
0.90 1.14 1.20 1.10 1.05 1.18 1.16 1.36 1.69 1.39
Price to Revenue (P/Rev)
10.21 12.41 13.02 11.73 10.69 12.41 12.60 14.56 17.06 14.60
Price to Earnings (P/E)
18.66 22.84 22.53 19.99 18.30 20.10 21.13 25.10 30.44 27.02
Dividend Yield
5.91% 5.00% 4.65% 4.89% 5.35% 4.56% 4.28% 4.11% 3.37% 3.71%
Earnings Yield
5.36% 4.38% 4.44% 5.00% 5.46% 4.98% 4.73% 3.98% 3.29% 3.70%
Enterprise Value to Invested Capital (EV/IC)
0.94 1.13 1.17 1.13 1.08 1.17 1.16 1.31 1.51 1.33
Enterprise Value to Revenue (EV/Rev)
15.04 17.91 18.24 16.69 15.83 17.68 17.50 20.25 23.23 20.14
Enterprise Value to EBITDA (EV/EBITDA)
15.74 19.17 18.91 17.59 17.00 18.23 18.56 21.68 25.57 22.68
Enterprise Value to EBIT (EV/EBIT)
27.19 32.57 31.25 28.22 26.91 28.44 29.14 34.70 41.19 37.04
Enterprise Value to NOPAT (EV/NOPAT)
27.36 32.81 31.43 28.33 27.01 28.53 29.23 34.80 41.31 37.15
Enterprise Value to Operating Cash Flow (EV/OCF)
17.10 20.95 21.51 20.88 20.12 21.45 21.35 23.84 27.73 24.52
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.51 0.57 0.54 0.51 0.56 0.56 0.51 0.59 0.69 0.59
Long-Term Debt to Equity
0.51 0.57 0.54 0.51 0.56 0.56 0.51 0.51 0.66 0.59
Financial Leverage
0.52 0.57 0.53 0.52 0.54 0.56 0.53 0.55 0.63 0.58
Leverage Ratio
1.55 1.61 1.57 1.56 1.57 1.60 1.56 1.58 1.66 1.61
Compound Leverage Factor
1.55 1.61 1.57 1.56 1.57 1.60 1.56 1.58 1.66 1.61
Debt to Total Capital
33.66% 36.27% 35.08% 33.62% 35.95% 35.84% 33.95% 37.06% 40.69% 37.22%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.74% 1.48% 0.00%
Long-Term Debt to Total Capital
33.66% 36.27% 35.08% 33.62% 35.95% 35.84% 33.95% 32.32% 39.21% 37.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.20% 0.22% 0.21% 0.20% 0.19% 0.18% 0.17% 0.16% 0.15% 0.15%
Common Equity to Total Capital
66.14% 63.52% 64.72% 66.18% 63.86% 63.98% 65.88% 62.77% 59.16% 62.63%
Debt to EBITDA
5.67 6.16 5.67 5.25 5.64 5.57 5.42 6.15 6.89 6.35
Net Debt to EBITDA
5.02 5.85 5.38 5.20 5.49 5.41 5.16 6.07 6.77 6.21
Long-Term Debt to EBITDA
5.67 6.16 5.67 5.25 5.64 5.57 5.42 5.36 6.64 6.35
Debt to NOPAT
9.85 10.54 9.41 8.45 8.97 8.72 8.54 9.86 11.13 10.40
Net Debt to NOPAT
8.73 10.01 8.94 8.37 8.73 8.46 8.13 9.74 10.93 10.18
Long-Term Debt to NOPAT
9.85 10.54 9.41 8.45 8.97 8.72 8.54 8.60 10.72 10.40
Noncontrolling Interest Sharing Ratio
0.33% 0.35% 0.33% 0.31% 0.30% 0.31% 0.29% 0.28% 0.28% 0.26%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-772 -673 -615 -667 -610 -689 -818 -887 -918 -978
Operating Cash Flow to CapEx
318.50% 333.93% 369.74% 362.63% 215.24% 167.65% 175.92% 128.71% 78.73% 126.44%
Free Cash Flow to Firm to Interest Expense
-78.01 -55.45 -50.68 -55.23 -48.32 -43.71 -52.44 -51.08 -42.45 -40.84
Operating Cash Flow to Interest Expense
5.32 4.65 4.42 5.42 4.98 4.61 4.28 4.67 3.40 3.63
Operating Cash Flow Less CapEx to Interest Expense
3.65 3.26 3.23 3.92 2.67 1.86 1.85 1.04 -0.92 0.76
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Fixed Asset Turnover
0.08 0.07 0.07 0.08 0.08 0.08 0.08 0.07 0.08 0.08
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
3,774 3,918 4,052 4,229 4,431 4,656 4,917 5,167 5,398 5,690
Invested Capital Turnover
0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Increase / (Decrease) in Invested Capital
808 708 658 720 657 738 865 938 967 1,034
Enterprise Value (EV)
3,530 4,421 4,745 4,764 4,798 5,461 5,715 6,757 8,154 7,565
Market Capitalization
2,397 3,063 3,386 3,347 3,239 3,833 4,116 4,858 5,988 5,484
Book Value per Share
$18.68 $17.48 $18.17 $18.80 $18.14 $19.09 $19.36 $18.50 $18.21 $20.33
Tangible Book Value per Share
$19.95 $18.80 $19.62 $20.36 $19.77 $20.87 $21.19 $20.41 $20.24 $22.51
Total Capital
3,774 3,918 4,052 4,229 4,431 4,656 4,917 5,167 5,398 5,690
Total Debt
1,270 1,421 1,421 1,422 1,593 1,669 1,669 1,915 2,196 2,118
Total Long-Term Debt
1,270 1,421 1,421 1,422 1,593 1,669 1,669 1,670 2,116 2,118
Net Debt
1,126 1,349 1,350 1,408 1,551 1,620 1,590 1,891 2,158 2,073
Capital Expenditures (CapEx)
17 17 15 18 29 43 38 63 93 69
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
1,270 1,421 1,421 1,422 1,593 1,669 1,669 1,915 2,196 2,118
Total Depreciation and Amortization (D&A)
27 23 26 26 29 27 30 31 33 35
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.26 $0.25 $0.30 $0.35 $0.29 $0.31 $0.28 $0.29 $0.28 $0.31
Adjusted Weighted Average Basic Shares Outstanding
139.07M 134.94M 144.41M 150.49M 155.92M 152.14M 167.29M 175.32M 175.33M 173.86M
Adjusted Diluted Earnings per Share
$0.26 $0.25 $0.29 $0.35 $0.29 $0.31 $0.28 $0.29 $0.27 $0.31
Adjusted Weighted Average Diluted Shares Outstanding
139.89M 135.86M 146.00M 151.52M 157.18M 153.52M 168.85M 177.58M 179.61M 177.12M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
142.38M 144.35M 148.84M 156.01M 156.02M 166.10M 175.31M 175.33M 175.33M 187.69M
Normalized Net Operating Profit after Tax (NOPAT)
31 33 39 54 44 51 51 54 55 58
Normalized NOPAT Margin
49.81% 50.79% 53.79% 61.53% 56.03% 73.07% 56.57% 57.69% 57.11% 61.40%
Pre Tax Income Margin
59.78% 55.71% 59.85% 60.79% 58.37% 70.60% 52.59% 54.88% 51.15% 58.84%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.72 2.94 3.56 4.40 3.66 3.14 3.03 2.99 2.29 2.32
NOPAT to Interest Expense
3.70 2.93 3.55 4.39 3.65 3.13 3.02 2.98 2.28 2.32
EBIT Less CapEx to Interest Expense
2.05 1.54 2.36 2.91 1.35 0.39 0.60 -0.65 -2.03 -0.55
NOPAT Less CapEx to Interest Expense
2.03 1.54 2.35 2.90 1.34 0.38 0.59 -0.65 -2.04 -0.56
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
103.51% 105.16% 98.34% 92.37% 91.73% 87.89% 90.04% 95.32% 97.53% 98.05%
Augmented Payout Ratio
103.51% 105.16% 98.34% 92.37% 91.73% 87.89% 90.04% 95.32% 97.53% 98.05%

Frequently Asked Questions About Essential Properties Realty Trust's Financials

When does Essential Properties Realty Trust's financial year end?

According to the most recent income statement we have on file, Essential Properties Realty Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Essential Properties Realty Trust's net income changed over the last 7 years?

Essential Properties Realty Trust's net income appears to be on an upward trend, with a most recent value of $203.64 million in 2024, rising from $6.30 million in 2017. The previous period was $191.42 million in 2023.

How has Essential Properties Realty Trust revenue changed over the last 7 years?

Over the last 7 years, Essential Properties Realty Trust's total revenue changed from $31.92 million in 2017 to $375.68 million in 2024, a change of 1,076.8%.

How much debt does Essential Properties Realty Trust have?

Essential Properties Realty Trust's total liabilities were at $2.23 billion at the end of 2024, a 25.0% increase from 2023, and a 192.7% increase since 2017.

How much cash does Essential Properties Realty Trust have?

In the past 7 years, Essential Properties Realty Trust's cash and equivalents has ranged from $4.24 million in 2018 to $62.35 million in 2022, and is currently $40.71 million as of their latest financial filing in 2024.

How has Essential Properties Realty Trust's book value per share changed over the last 7 years?

Over the last 7 years, Essential Properties Realty Trust's book value per share changed from 5.58 in 2017 to 20.33 in 2024, a change of 264.1%.

Remove Ads


This page (NYSE:EPRT) was last updated on 4/17/2025 by MarketBeat.com Staff
From Our Partners