Essential Properties Realty Trust Inc - Understand $eprt stock

$EPRT Market Cap: $5.954 Billion

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Financial Snapshot

Revenue

$402.2M

TTM

Gross Margin

98.79%

TTM

Net Earnings

$193.3M

TTM

Current Assets

$150.8M

Q2 2024

Current Liabilities

$82.06M

Q2 2024

Current Ratio

183.72%

Q2 2024

Total Assets

$5.267B

Q2 2024

Total Liabilities

$2.015B

Q2 2024

Book Value

$3.252B

Q2 2024

Cash

$23.60M

Q2 2024

P/E

30.80

Oct 17, 2024 EST

Free Cash Flow

-$746.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$359.6M	$286.5M	$230.2M	$164.0M	$139.4M	$96.22M	$54.45M	$15.50M
YoY Change	25.51%	24.44%	40.38%	17.69%	44.83%	76.72%	251.28%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$359.6M	$286.5M	$230.2M	$164.0M	$139.4M	$96.22M	$54.45M	$15.50M
Cost Of Revenue	$4.663M	$3.452M	$5.762M	$3.900M	$3.100M	$2.000M	$1.500M	$500.0K
Gross Profit	$354.9M	$283.1M	$224.5M	$160.1M	$136.3M	$94.20M	$53.00M	$15.00M
Gross Profit Margin	98.7%	98.8%	97.5%	97.62%	97.81%	97.9%	97.34%	96.77%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$30.68M	$29.46M	$24.33M	$24.40M	$21.70M	$13.80M	$8.900M	$4.400M
YoY Change	4.12%	21.11%	-0.29%	12.44%	57.25%	55.06%	102.27%
% of Gross Profit	8.64%	10.41%	10.84%	15.24%	15.92%	14.65%	16.79%	29.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$95.53M	$80.65M	$61.17M	$51.74M	$36.35M	$24.85M	$19.52M	$5.430M
YoY Change	18.45%	31.84%	18.24%	42.31%	46.3%	27.3%	259.48%
% of Gross Profit	26.91%	28.49%	27.25%	32.31%	26.67%	26.38%	36.83%	36.2%
Operating Expenses	$132.8M	$118.1M	$93.27M	$84.70M	$64.50M	$45.00M	$28.50M	$9.900M
YoY Change	12.43%	26.64%	10.12%	31.32%	43.33%	57.89%	187.88%
Operating Profit	$242.8M	$175.4M	$134.4M	$72.83M	$79.81M	$50.07M	$6.408M	$5.100M
YoY Change	38.38%	30.5%	84.57%	-8.75%	59.4%	681.38%	25.65%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$52.60M	$40.37M	$33.61M	$29.65M	$27.04M	$30.19M	$22.57M	-$1.000M
YoY Change	30.29%	20.1%	13.37%	9.67%	-10.45%	33.75%	-2357.4%
% of Operating Profit	21.67%	23.01%	25.01%	40.71%	33.88%	60.3%	352.28%	-19.61%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$192.1M	$135.7M	$96.44M	$42.74M	$48.33M	$20.81M	$6.457M	$3.800M
YoY Change	41.48%	40.75%	125.64%	-11.56%	132.25%	222.27%	69.92%
Income Tax	$636.0K	$998.0K	$227.0K	$212.0K	$303.0K	$195.0K	$161.0K
% Of Pretax Income	0.33%	0.74%	0.24%	0.5%	0.63%	0.94%	2.49%
Net Earnings	$190.7M	$134.1M	$95.73M	$42.27M	$41.84M	$15.61M	$6.296M	$3.800M
YoY Change	42.18%	40.12%	126.44%	1.03%	168.01%	147.98%	65.68%
Net Earnings / Revenue	53.03%	46.82%	41.58%	25.77%	30.03%	16.23%	11.56%	24.52%
Basic Earnings Per Share	$1.25	$0.99	$0.82	$0.44	$0.65
Diluted Earnings Per Share	$1.24	$0.99	$0.82	$0.44	$0.63	$252.4K	$106.4K	$64.19K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$39.81M	$62.35M	$59.76M	$26.60M	$8.300M	$4.200M	$7.300M	$1.800M
YoY Change	-36.15%	4.33%	124.65%	220.48%	97.62%	-42.47%	305.56%
Cash & Equivalents	$39.81M	$62.35M	$59.76M	$26.60M	$8.300M	$4.200M	$7.300M	$1.800M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$107.5M	$78.59M	$57.99M	$37.80M	$25.90M	$14.30M	$5.500M	$1.200M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$147.4M	$140.9M	$117.7M	$64.40M	$34.20M	$18.50M	$12.80M	$3.000M
YoY Change	4.56%	19.69%	82.84%	88.3%	84.86%	44.53%	326.67%
Property, Plant & Equipment	$4.333B	$3.546B	$2.907B	$2.183B	$1.760B	$1.272B	$858.5M	$396.2M
YoY Change	22.19%	21.99%	33.18%	24.06%	38.29%	48.21%	116.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$32.92M	$24.85M	$25.64M	$31.80M	$29.00M	$19.70M	$15.20M	$10.70M
YoY Change	32.48%	-3.09%	-19.38%	9.66%	47.21%	29.61%	42.06%
Total Long-Term Assets	$4.621B	$3.859B	$3.181B	$2.424B	$1.941B	$1.362B	$929.4M	$463.3M
YoY Change	19.74%	21.32%	31.21%	24.89%	42.48%	46.59%	100.6%
Total Assets	$4.768B	$4.000B	$3.299B	$2.489B	$1.975B	$1.381B	$942.2M	$466.3M
YoY Change
Accounts Payable	$21.45M	$20.26M	$32.15M	$16.80M	$17.50M	$4.900M	$6.700M	$2.400M
YoY Change	5.86%	-36.97%	91.34%	-4.0%	257.14%	-26.87%	179.17%
Accrued Expenses	$9.800M	$9.000M
YoY Change	8.89%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$230.0M	$0.00
YoY Change						-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$78.43M	$68.66M	$64.75M	$42.50M	$36.90M	$18.10M	$236.7M	$2.400M
YoY Change	14.23%	6.03%	52.36%	15.18%	103.87%	-92.35%	9762.5%
Long-Term Debt	$1.669B	$1.421B	$1.166B	$815.3M	$726.9M	$540.1M	$511.6M	$272.8M
YoY Change	17.44%	21.88%	42.98%	12.16%	34.59%	5.57%	87.54%
Other Long-Term Liabilities	$34.21M	$13.83M	$24.53M	$49.10M	$9.600M	$11.60M	$12.50M	$16.40M
YoY Change	147.46%	-43.64%	-50.04%	411.46%	-17.24%	-7.2%	-23.78%
Total Long-Term Liabilities	$1.703B	$1.435B	$1.190B	$864.4M	$736.5M	$551.7M	$524.1M	$289.2M
YoY Change	18.7%	20.53%	37.7%	17.37%	33.5%	5.27%	81.22%
Total Liabilities	$1.790B	$1.512B	$1.262B	$914.0M	$781.0M	$818.7M	$760.8M	$291.6M
YoY Change	18.38%	19.77%	38.1%	17.03%	-4.6%	7.61%	160.91%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	152.1M shares	134.9M shares	116.4M shares	95.31M shares	64.10M shares
Diluted Shares Outstanding	153.5M shares	135.9M shares	117.5M shares	96.20M shares	75.31M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.9537 Billion

About Essential Properties Realty Trust Inc

Essential Properties Realty Trust, Inc. engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. The company is headquartered in Princeton, New Jersey and currently employs 40 full-time employees. The company went IPO on 2018-06-21. The firm owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The firm has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Company’s portfolio consists of about 1,873 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.8x. In addition, the Company’s portfolio is leased to about 374 tenants operating 588 different concepts in 16 industries across 48 states.

Industry: Real Estate Investment Trusts Peers: Alexander & Baldwin Inc (Hawaii) American Assets Trust Inc Global Net Lease Inc Broadstone Net Lease Inc WP Carey Inc /entities/esba Empire State Realty Trust Inc STORE CAPITAL LLC