EPRT · Essential Properties Realty Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.80M | - | $144.93M | $137.06M | $129.35M | - | $117.13M | $109.27M | $103.50M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $12.33M | - | $10.21M | $10.67M | $11.54M | - | $8.62M | $8.71M | $9.36M | - |
| Total Operating Expenses | $74.46M | - | $52.56M | $51.33M | $54.72M | - | $46.98M | $42.60M | $42.63M | - |
| D&A | $41.23M | - | $37.51M | $37.14M | $33.54M | - | $29.17M | $28.00M | $26.87M | - |
| Operating Income | $89.65M | - | $93.74M | $87.81M | $79.62M | - | $69.91M | $66.80M | $62.38M | - |
| Interest Expense | $29.95M | - | $28.35M | $25.00M | $15.60M | - | $12.63M | $17.36M | $15.60M | - |
| Income Tax | $160.0K | - | $170.0K | $156.0K | $158.0K | - | $159.0K | $155.0K | $156.0K | - |
| Net Income | $59.79M | - | $65.62M | $63.21M | $56.11M | - | $49.14M | $51.52M | $46.98M | - |
| EPS - Basic | $0.28 | - | $0.33 | $0.32 | $0.30 | - | $0.28 | $0.29 | $0.28 | - |
| EPS - Diluted | $0.28 | - | $0.33 | $0.32 | $0.29 | - | $0.27 | $0.29 | $0.28 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.18M | $60.18M | $23.84M | $20.78M | $47.00M | $40.71M | $32.66M | $23.56M | $79.16M | $39.81M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $7.15B | $6.86B | $6.61B | $6.29B | $6.06B | $5.80B | $5.53B | $5.27B | $5.01B | $4.77B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.63B | $2.53B | $2.65B | $2.33B | $2.13B | $2.13B | $2.21B | $1.93B | $1.68B | $1.68B |
| Total Liabilities | $2.76B | $2.66B | $2.77B | $2.45B | $2.23B | $2.23B | $2.33B | $2.01B | $1.77B | $1.78B |
| Stockholders' Equity | $4.39B | $4.20B | $3.84B | $3.83B | $3.81B | $3.56B | $3.19B | $3.24B | $3.24B | $2.98B |
| Retained Earnings | ($124.77M) | ($109.26M) | ($112.22M) | ($118.20M) | ($121.86M) | ($113.30M) | ($113.23M) | ($111.37M) | ($111.93M) | ($105.55M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $99.76M | - | - | - | $77.16M | - | - | - | $66.75M | - |
| Investing Cash Flow | ($372.96M) | - | - | - | ($284.11M) | - | - | - | ($230.72M) | - |
| Financing Cash Flow | $219.00M | - | - | - | $208.97M | - | - | - | $194.17M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 56.5% | - | 64.7% | 64.1% | 61.6% | - | 59.7% | 61.1% | 60.3% | - |
| EBITDA margin | 82.4% | - | 90.6% | 91.2% | 87.5% | - | 84.6% | 86.8% | 86.2% | - |
| Net margin | 37.7% | - | 45.3% | 46.1% | 43.4% | - | 42.0% | 47.1% | 45.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.8% | - | 7.0% | 7.8% | 8.9% | - | 7.4% | 8.0% | 9.0% | - |
| Effective tax rate | 0.3% | - | 0.3% | 0.2% | 0.3% | - | 0.3% | 0.3% | 0.3% | - |
| Return on assets | 0.8% | - | 1.0% | 1.0% | 0.9% | - | 0.9% | 1.0% | 0.9% | - |
| Return on equity | 1.4% | - | 1.7% | 1.7% | 1.5% | - | 1.5% | 1.6% | 1.5% | - |
| Return on invested capital | 1.3% | - | 1.4% | 1.4% | 1.3% | - | 1.3% | 1.3% | 1.3% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.60 | 0.60 | 0.69 | 0.61 | 0.56 | 0.60 | 0.69 | 0.59 | 0.52 | 0.56 |
| Debt / Assets | 0.37 | 0.37 | 0.40 | 0.37 | 0.35 | 0.37 | 0.40 | 0.37 | 0.34 | 0.35 |
| Debt / EBITDA | 20.10 | - | 20.19 | 18.65 | 18.82 | - | 22.30 | 20.31 | 18.82 | - |
| Interest coverage | 3.0x | - | 3.3x | 3.5x | 5.1x | - | 5.5x | 3.8x | 4.0x | - |
| Equity multiplier | 1.63 | 1.63 | 1.72 | 1.64 | 1.59 | 1.63 | 1.73 | 1.62 | 1.55 | 1.60 |
| Liabilities / Assets | 0.39 | 0.39 | 0.42 | 0.39 | 0.37 | 0.38 | 0.42 | 0.38 | 0.35 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 108.4x | - | 90.2x | 99.7x | 112.6x | - | 126.5x | 95.6x | 95.2x | - |
| P / B | 1.5x | - | 1.6x | 1.7x | 1.6x | - | 1.9x | 1.5x | 1.4x | - |
| P / S | 40.5x | - | 41.0x | 46.5x | 48.2x | - | 52.4x | 45.0x | 43.5x | - |
| EV / EBITDA | 69.2x | - | 65.3x | 69.5x | 73.5x | - | 83.9x | 72.0x | 68.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 22.8% | - | 23.7% | 25.4% | 25.0% | - | 27.8% | 26.3% | 23.7% | - |
| Revenue CAGR (3y) | 23.8% | - | 27.1% | 24.3% | 22.6% | - | 25.3% | 24.2% | 28.7% | - |
| Revenue CAGR (5y) | 26.7% | - | 27.6% | 28.9% | 25.5% | - | 26.4% | 27.2% | 27.2% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 12.6% | - | 34.1% | 31.5% | 27.6% | - | 19.2% | 3.1% | 14.0% | - |
| Net income growth (YoY) | 6.6% | - | 33.5% | 22.7% | 19.4% | - | 7.0% | -2.4% | 9.5% | - |
| EPS growth (YoY) | -3.4% | - | 22.2% | 10.3% | 3.6% | - | -6.9% | -17.1% | -3.4% | - |
| EPS CAGR (3y) | -1.2% | - | 8.3% | 5.8% | 11.4% | - | 5.5% | 13.2% | 26.0% | - |
| EPS CAGR (5y) | 14.9% | - | 20.5% | 23.8% | 14.1% | - | 15.7% | 15.7% | 16.6% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 15.1% | 17.9% | 20.1% | 18.1% | 17.8% | 19.6% | 12.9% | 15.9% | 23.5% | 19.7% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing ESSENTIAL PROPERTIES REALTY TRUST against the 5 most active filers in the same SIC group.
Dividends
$1.22/share trailing 12 months · +4.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.3100 |
| Dec 31, 2025 | $0.3100 |
| Sep 30, 2025 | $0.3000 |
| Jun 30, 2025 | $0.3000 |
| Mar 31, 2025 | $0.2950 |
| Dec 31, 2024 | $0.2950 |
| Sep 30, 2024 | $0.2900 |
| Jun 28, 2024 | $0.2900 |
| Mar 27, 2024 | $0.2850 |
| Dec 28, 2023 | $0.2850 |
| Sep 28, 2023 | $0.2800 |
| Jun 29, 2023 | $0.2800 |
| Mar 30, 2023 | $0.2750 |
| Dec 29, 2022 | $0.2750 |
| Sep 29, 2022 | $0.2700 |
| Jun 29, 2022 | $0.2700 |
| Mar 30, 2022 | $0.2600 |
| Dec 30, 2021 | $0.2600 |
| Sep 29, 2021 | $0.2500 |
| Jun 29, 2021 | $0.2500 |
| Mar 30, 2021 | $0.2400 |
| Dec 30, 2020 | $0.2400 |
| Sep 29, 2020 | $0.2300 |
| Jun 29, 2020 | $0.2300 |