$EPRT Market Cap: $5.591 Billion
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Financial Snapshot

Revenue
$449.6M
TTM
Gross Margin
98.89%
TTM
Net Earnings
$202.8M
TTM
Current Assets
$184.1M
Q4 2024
Current Liabilities
$90.75M
Q4 2024
Current Ratio
202.91%
Q4 2024
Total Assets
$5.799B
Q4 2024
Total Liabilities
$2.227B
Q4 2024
Book Value
$3.572B
Q4 2024
Cash
$40.70M
Q4 2024
P/E
27.57
Apr 09, 2025 EST
Free Cash Flow
-$780.5M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $449.6M $359.6M $286.5M $230.2M $164.0M $139.4M $96.22M $54.45M $15.50M
YoY Change 25.03% 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 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $449.6M $359.6M $286.5M $230.2M $164.0M $139.4M $96.22M $54.45M $15.50M
Cost Of Revenue $4.997M $4.663M $3.452M $5.762M $3.900M $3.100M $2.000M $1.500M $500.0K
Gross Profit $444.6M $354.9M $283.1M $224.5M $160.1M $136.3M $94.20M $53.00M $15.00M
Gross Profit Margin 98.89% 98.7% 98.8% 97.5% 97.62% 97.81% 97.9% 97.34% 96.77%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $35.16M $30.68M $29.46M $24.33M $24.40M $21.70M $13.80M $8.900M $4.400M
YoY Change 14.61% 4.12% 21.11% -0.29% 12.44% 57.25% 55.06% 102.27%
% of Gross Profit 7.91% 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 $115.4M $95.53M $80.65M $61.17M $51.74M $36.35M $24.85M $19.52M $5.430M
YoY Change 20.77% 18.45% 31.84% 18.24% 42.31% 46.3% 27.3% 259.48%
% of Gross Profit 25.95% 26.91% 28.49% 27.25% 32.31% 26.67% 26.38% 36.83% 36.2%
Operating Expenses $157.6M $132.8M $118.1M $93.27M $84.70M $64.50M $45.00M $28.50M $9.900M
YoY Change 18.64% 12.43% 26.64% 10.12% 31.32% 43.33% 57.89% 187.88%
Operating Profit $278.2M $242.8M $175.4M $134.4M $72.83M $79.81M $50.07M $6.408M $5.100M
YoY Change 14.6% 38.38% 30.5% 84.57% -8.75% 59.4% 681.38% 25.65%
Operating Profit To Gross Profit 62.57% 68.39% 61.98% 59.88% 45.49% 58.56% 53.15% 12.09% 34.0%
Operating Profit To Revenue 61.87% 67.51% 61.23% 58.38% 44.41% 57.27% 52.04% 11.77% 32.9%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$75.48M $52.60M $40.37M $33.61M $29.65M $27.04M $30.19M $22.57M -$1.000M
YoY Change -243.5% 30.29% 20.1% 13.37% 9.67% -10.45% 33.75% -2357.4%
% of Operating Profit -27.13% 21.67% 23.01% 25.01% 40.71% 33.88% 60.3% 352.28% -19.61%
Other Income/Expense, Net $48.00K
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 2024 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $204.3M $192.1M $135.7M $96.44M $42.74M $48.33M $20.81M $6.457M $3.800M
YoY Change 6.36% 41.48% 40.75% 125.64% -11.56% 132.25% 222.27% 69.92%
Income Tax $628.0K $636.0K $998.0K $227.0K $212.0K $303.0K $195.0K $161.0K
% Of Pretax Income 0.31% 0.33% 0.74% 0.24% 0.5% 0.63% 0.94% 2.49%
Net Earnings $203.0M $190.7M $134.1M $95.73M $42.27M $41.84M $15.61M $6.296M $3.800M
YoY Change 6.45% 42.18% 40.12% 126.44% 1.03% 168.01% 147.98% 65.68%
Net Earnings / Revenue 45.15% 53.03% 46.82% 41.58% 25.77% 30.03% 16.23% 11.56% 24.52%
Basic Earnings Per Share $1.16 $1.25 $0.99 $0.82 $0.44 $0.65
Diluted Earnings Per Share $1.15 $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

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

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 2024 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $40.71M $39.81M $62.35M $59.76M $26.60M $8.300M $4.200M $7.300M $1.800M
YoY Change 2.28% -36.15% 4.33% 124.65% 220.48% 97.62% -42.47% 305.56%
Cash & Equivalents $40.71M $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 $143.4M $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 $0.00
Total Short-Term Assets $184.1M $147.4M $140.9M $117.7M $64.40M $34.20M $18.50M $12.80M $3.000M
YoY Change 24.97% 4.56% 19.69% 82.84% 88.3% 84.86% 44.53% 326.67%
Property, Plant & Equipment $5.209B $4.333B $3.546B $2.907B $2.183B $1.760B $1.272B $858.5M $396.2M
YoY Change 20.22% 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 $25.41M $32.92M $24.85M $25.64M $31.80M $29.00M $19.70M $15.20M $10.70M
YoY Change -22.79% 32.48% -3.09% -19.38% 9.66% 47.21% 29.61% 42.06%
Total Long-Term Assets $5.615B $4.621B $3.859B $3.181B $2.424B $1.941B $1.362B $929.4M $463.3M
YoY Change 21.5% 19.74% 21.32% 31.21% 24.89% 42.48% 46.59% 100.6%
Total Assets $5.799B $4.768B $4.000B $3.299B $2.489B $1.975B $1.381B $942.2M $466.3M
YoY Change
Accounts Payable $25.65M $21.45M $20.26M $32.15M $16.80M $17.50M $4.900M $6.700M $2.400M
YoY Change 19.57% 5.86% -36.97% 91.34% -4.0% 257.14% -26.87% 179.17%
Accrued Expenses $9.500M $9.800M $9.000M
YoY Change -3.06% 8.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $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 $90.75M $78.43M $68.66M $64.75M $42.50M $36.90M $18.10M $236.7M $2.400M
YoY Change 15.71% 14.23% 6.03% 52.36% 15.18% 103.87% -92.35% 9762.5%
Long-Term Debt $2.118B $1.669B $1.421B $1.166B $815.3M $726.9M $540.1M $511.6M $272.8M
YoY Change 26.9% 17.44% 21.88% 42.98% 12.16% 34.59% 5.57% 87.54%
Other Long-Term Liabilities $18.29M $34.21M $13.83M $24.53M $49.10M $9.600M $11.60M $12.50M $16.40M
YoY Change -46.55% 147.46% -43.64% -50.04% 411.46% -17.24% -7.2% -23.78%
Total Long-Term Liabilities $2.136B $1.703B $1.435B $1.190B $864.4M $736.5M $551.7M $524.1M $289.2M
YoY Change 25.43% 18.7% 20.53% 37.7% 17.37% 33.5% 5.27% 81.22%
Total Liabilities $2.235B $1.790B $1.512B $1.262B $914.0M $781.0M $818.7M $760.8M $291.6M
YoY Change 24.88% 18.38% 19.77% 38.1% 17.03% -4.6% 7.61% 160.91%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 173.9M shares 152.1M shares 134.9M shares 116.4M shares 95.31M shares 64.10M shares
Diluted Shares Outstanding 177.1M shares 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

Dividends

Stock Price

Market Cap: $5.5914 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 48 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 2,104 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.5x. In addition, the Company’s portfolio is leased to about 413 tenants operating 592 different concepts in 16 industries across 49 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 Empire State Realty OP, L.P. Empire State Realty Trust, Inc. STORE CAPITAL LLC