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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $561.22M | $449.61M | $359.60M | $286.51M | $230.23M | $164.01M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $40.86M | $35.16M | $30.68M | $29.46M | $24.33M | $24.44M |
| Total Operating Expenses | $214.15M | $177.39M | $141.01M | $141.73M | $105.15M | $97.00M |
| D&A | $147.65M | $115.37M | $95.53M | $80.65M | $61.17M | $51.74M |
| Operating Income | $359.92M | $278.19M | $242.75M | $175.42M | $134.42M | $72.83M |
| Interest Expense | $108.08M | $78.54M | $52.60M | $40.37M | $33.61M | $29.65M |
| Income Tax | $644.0K | $628.0K | $636.0K | $998.0K | $227.0K | $212.0K |
| Net Income | $253.01M | $203.00M | $190.71M | $134.13M | $95.72M | $42.27M |
| EPS - Basic | $1.29 | $1.16 | $1.25 | $0.99 | $0.82 | $0.44 |
| EPS - Diluted | $1.28 | $1.15 | $1.24 | $0.99 | $0.82 | $0.44 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $60.18M | $40.71M | $39.81M | $62.34M | $59.76M | $26.60M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $6.86B | $5.80B | $4.77B | $4.00B | $3.30B | $2.49B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $2.53B | $2.13B | $1.68B | $1.43B | $1.17B | $821.19M |
| Total Liabilities | $2.66B | $2.23B | $1.78B | $1.50B | $1.25B | $906.85M |
| Stockholders' Equity | $4.20B | $3.56B | $2.98B | $2.49B | $2.04B | $1.57B |
| Retained Earnings | ($109.26M) | ($113.30M) | ($105.55M) | ($117.19M) | ($100.98M) | ($77.67M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $381.08M | $308.48M | $254.57M | $211.02M | $167.39M | $99.39M |
| Investing Cash Flow | ($1.15B) | ($1.12B) | ($857.13M) | ($706.08M) | ($829.68M) | ($545.51M) |
| Financing Cash Flow | $798.35M | $810.70M | $580.01M | $506.80M | $689.06M | $457.79M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 64.1% | 61.9% | 67.5% | 61.2% | 58.4% | 44.4% |
| EBITDA margin | 90.4% | 87.5% | 94.1% | 89.4% | 85.0% | 76.0% |
| Net margin | 45.1% | 45.2% | 53.0% | 46.8% | 41.6% | 25.8% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.3% | 7.8% | 8.5% | 10.3% | 10.6% | 14.9% |
| Effective tax rate | 0.3% | 0.3% | 0.3% | 0.7% | 0.2% | 0.5% |
| Return on assets | 3.7% | 3.5% | 4.0% | 3.4% | 2.9% | 1.7% |
| Return on equity | 6.0% | 5.7% | 6.4% | 5.4% | 4.7% | 2.7% |
| Return on invested capital | 5.3% | 4.9% | 5.2% | 4.4% | 4.2% | 3.0% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.60 | 0.60 | 0.56 | 0.57 | 0.58 | 0.52 |
| Debt / Assets | 0.37 | 0.37 | 0.35 | 0.36 | 0.36 | 0.33 |
| Debt / EBITDA | 4.98 | 5.41 | 4.97 | 5.58 | 6.00 | 6.59 |
| Interest coverage | 3.3x | 3.5x | 4.6x | 4.3x | 4.0x | 2.5x |
| Equity multiplier | 1.63 | 1.63 | 1.60 | 1.61 | 1.62 | 1.58 |
| Liabilities / Assets | 0.39 | 0.38 | 0.37 | 0.38 | 0.38 | 0.36 |
| Efficiency | ||||||
| Asset turnover | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 23.2x | 27.2x | 20.6x | 23.7x | 35.2x | 48.2x |
| P / B | 1.4x | 1.6x | 1.3x | 1.3x | 1.7x | 1.3x |
| P / S | 10.5x | 12.3x | 10.9x | 11.1x | 14.7x | 12.4x |
| EV / EBITDA | 16.4x | 19.4x | 16.4x | 17.8x | 23.0x | 22.8x |
| Growth | ||||||
| Revenue growth (YoY) | 24.8% | 25.0% | 25.5% | 24.4% | 40.4% | 17.7% |
| Revenue CAGR (3y) | 25.1% | 25.0% | 29.9% | 27.2% | 33.8% | - |
| Revenue CAGR (5y) | 27.9% | 26.4% | 30.2% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 29.4% | 14.6% | 38.4% | 30.5% | 84.6% | 38.0% |
| Net income growth (YoY) | 24.6% | 6.4% | 42.2% | 40.1% | 126.4% | 1.0% |
| EPS growth (YoY) | 11.3% | -7.3% | 25.3% | 20.7% | 86.4% | -30.2% |
| EPS CAGR (3y) | 8.9% | 11.9% | 41.3% | 16.3% | - | - |
| EPS CAGR (5y) | 23.8% | 12.8% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 17.9% | 19.6% | 19.7% | 22.2% | 29.3% | 31.8% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |