$EPRT
ESSENTIAL PROPERTIES REALTY TRUST, INC.

2018 Q2 Form 10-Q Financial Statement

#000156459018020575 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $21.67M $13.32M
YoY Change 62.69%
Cost Of Revenue $380.0K $480.0K
YoY Change -20.83%
Gross Profit $21.29M $12.84M
YoY Change 65.81%
Gross Profit Margin 98.25% 96.4%
Selling, General & Admin $2.990M $2.330M
YoY Change 28.33%
% of Gross Profit 14.04% 18.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.610M $4.310M
YoY Change 76.57%
% of Gross Profit 35.74% 33.57%
Operating Expenses $10.61M $6.630M
YoY Change 60.03%
Operating Profit $3.558M $6.210M
YoY Change -42.71%
Interest Expense -$8.600M $5.160M
YoY Change -266.67%
% of Operating Profit -241.71% 83.09%
Other Income/Expense, Net
YoY Change
Pretax Income $1.174M $614.0K
YoY Change 91.21%
Income Tax $87.00K $40.00K
% Of Pretax Income 7.41% 6.51%
Net Earnings $321.0K $2.047M
YoY Change -84.32%
Net Earnings / Revenue 1.48% 15.37%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01 $9.802K
COMMON SHARES
Basic Shares Outstanding 40.29M
Diluted Shares Outstanding 59.34M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.4M
YoY Change
Cash & Equivalents $131.4M $3.793M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $9.000M
Other Receivables $0.00
Total Short-Term Assets $140.4M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.099B
YoY Change
Goodwill
YoY Change
Intangibles $53.13M
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.80M
YoY Change
Total Long-Term Assets $1.172B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $140.4M
Total Long-Term Assets $1.172B
Total Assets $1.312B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.700M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.700M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $508.8M
YoY Change
Other Long-Term Liabilities $12.40M
YoY Change
Total Long-Term Liabilities $521.2M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.700M
Total Long-Term Liabilities $521.2M
Total Liabilities $528.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $222.0K
YoY Change
Common Stock $403.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $532.2M
YoY Change
Total Liabilities & Shareholders Equity $1.312B
YoY Change

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $321.0K $2.047M
YoY Change -84.32%
Depreciation, Depletion And Amortization $7.610M $4.310M
YoY Change 76.57%
Cash From Operating Activities $8.360M $6.010M
YoY Change 39.1%
INVESTING ACTIVITIES
Capital Expenditures -$211.2M -$91.63M
YoY Change 130.45%
Acquisitions
YoY Change
Other Investing Activities $10.41M $13.30M
YoY Change -21.73%
Cash From Investing Activities -$200.7M -$78.33M
YoY Change 156.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 321.3M 77.25M
YoY Change 315.86%
NET CHANGE
Cash From Operating Activities 8.360M 6.010M
Cash From Investing Activities -200.7M -78.33M
Cash From Financing Activities 321.3M 77.25M
Net Change In Cash 128.9M 4.930M
YoY Change 2513.79%
FREE CASH FLOW
Cash From Operating Activities $8.360M $6.010M
Capital Expenditures -$211.2M -$91.63M
Free Cash Flow $219.5M $97.64M
YoY Change 124.83%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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27300000
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us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p></div>
CY2018Q2 eprt Percentage Of Ownership Interest In Operating Partnership
PercentageOfOwnershipInterestInOperatingPartnership
0.683
CY2018Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2018Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
900000
CY2017Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
400000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2781000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
579000
CY2018Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
131100000
CY2017Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
7000000
CY2018Q2 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
200000
CY2017Q2 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
500000
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
700000
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
700000
CY2018Q2 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
32100000
CY2017Q4 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
1300000
eprt Percentage Of Taxable Income Require To Reit
PercentageOfTaxableIncomeRequireToREIT
0.90
CY2018Q2 eprt Provision For Income Tax
ProvisionForIncomeTax
0
CY2018Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2017Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2018Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2017Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2018Q2 us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
223000
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-99000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40976901
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19056552
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60033453
CY2018Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
602
CY2018Q2 eprt Number Of Property Development In Progress
NumberOfPropertyDevelopmentInProgress
4
CY2018Q2 eprt Number Of Real Estate Properties Undeveloped Land Parcels
NumberOfRealEstatePropertiesUndevelopedLandParcels
2
CY2018Q2 eprt Number Of Additional Properties Secured For Mortgage Loan Receivable
NumberOfAdditionalPropertiesSecuredForMortgageLoanReceivable
2
CY2018Q2 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
588
CY2018Q2 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
5
CY2018Q2 eprt Number Of Ground Lease Interests
NumberOfGroundLeaseInterests
14
CY2018Q2 eprt Number Of Real Estate Subject To Direct Financing Leases
NumberOfRealEstateSubjectToDirectFinancingLeases
1
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1194558000
CY2018Q2 eprt Aggregate Carrying Amount Of Loans And Direct Financing Lease Receivable
AggregateCarryingAmountOfLoansAndDirectFinancingLeaseReceivable
6300000
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7200000
CY2018Q2 eprt Number Of Investments
NumberOfInvestments
347
CY2018Q2 us-gaap Investments
Investments
618000000
CY2017Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
508
CY2017Q4 eprt Number Of Property Development In Progress
NumberOfPropertyDevelopmentInProgress
2
CY2017Q4 eprt Number Of Real Estate Properties Undeveloped Land Parcels
NumberOfRealEstatePropertiesUndevelopedLandParcels
2
CY2017Q4 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
493
CY2017Q4 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
5
CY2017Q4 eprt Number Of Ground Lease Interests
NumberOfGroundLeaseInterests
15
CY2017Q4 eprt Number Of Real Estate Subject To Direct Financing Leases
NumberOfRealEstateSubjectToDirectFinancingLeases
1
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
939072000
CY2017Q4 eprt Aggregate Carrying Amount Of Direct Financing Lease Receivable
AggregateCarryingAmountOfDirectFinancingLeaseReceivable
2700000
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4200000
CY2017Q4 eprt Number Of Investments
NumberOfInvestments
348
CY2017Q4 us-gaap Investments
Investments
620000000
eprt Number Of Investments Represented More Than Five Percentage Of Investment Activity
NumberOfInvestmentsRepresentedMoreThanFivePercentageOfInvestmentActivity
0
eprt Number Of Properties Acquired
NumberOfPropertiesAcquired
112
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Land
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
83721000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
177502000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Construction In Progress
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConstructionInProgress
8754000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseAssets
6010000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
275987000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
982000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
982000
CY2018Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Net
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
275005000
eprt Investments Fee Interest Ownership
InvestmentsFeeInterestOwnership
fee interest
CY2018Q2 eprt Number Of Properties Acquired Fee Interest
NumberOfPropertiesAcquiredFeeInterest
111
CY2018Q2 eprt Number Of Properties Acquired Subject To Ground Lease Arrangement
NumberOfPropertiesAcquiredSubjectToGroundLeaseArrangement
1
CY2017Q2 eprt Number Of Investment Locations
NumberOfInvestmentLocations
395
CY2017Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
508
eprt Capitalized Interest Expense
CapitalizedInterestExpense
100000
CY2016Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
344
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
72
eprt Number Of Investment Locations Sold In Real Estate And Direct Financing Lease Receivables
NumberOfInvestmentLocationsSoldInRealEstateAndDirectFinancingLeaseReceivables
21
CY2018Q2 eprt Number Of Investment Locations
NumberOfInvestmentLocations
602
CY2017Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
4518000
CY2018Q2 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
112
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
276315000
eprt Number Of Investment Locations Sold In Real Estate
NumberOfInvestmentLocationsSoldInRealEstate
16
eprt Number Of Investment Locations Relinquishment Of Properties At End Of Ground Lease Term
NumberOfInvestmentLocationsRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
2
eprt Sales Of Investments In Real Estate
SalesOfInvestmentsInRealEstate
-19301000
eprt Investments In Relinquishment Of Properties At End Of Ground Lease Term
InvestmentsInRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
-853000
eprt Investments In Loans Receivable
InvestmentsInLoansReceivable
3632000
eprt Principal Collections On Direct Financing Lease Receivables
PrincipalCollectionsOnDirectFinancingLeaseReceivables
35000
eprt Other Real Estate Investments Adjustments
OtherRealEstateInvestmentsAdjustments
1491000
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
25100000
CY2017Q2 eprt Amortization Schedule Of Loan Receivable Under Development Construction Agreement
AmortizationScheduleOfLoanReceivableUnderDevelopmentConstructionAgreement
P40Y
CY2017Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
8300000
eprt Intangible Lease Liability
IntangibleLeaseLiability
25000
CY2018Q2 eprt Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
3632000
eprt Mortgage Property Ground Lease Agreement Renewal Term
MortgagePropertyGroundLeaseAgreementRenewalTerm
15-year
CY2017Q2 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
2
CY2018Q2 eprt Loans Principal Payments Due Remainder Of Fiscal Year
LoansPrincipalPaymentsDueRemainderOfFiscalYear
2000
CY2017Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3600000
CY2017Q2 eprt Number Of Mortgage Loans Secured By Property Of Land And Buildings And Improvements
NumberOfMortgageLoansSecuredByPropertyOfLandAndBuildingsAndImprovements
1
CY2017Q2 eprt Number Of Mortgage Loans Secured By Building And Improvements Property
NumberOfMortgageLoansSecuredByBuildingAndImprovementsProperty
1
CY2017Q2 srt Mortgage Loan On Real Estate Final Maturity Date
MortgageLoanOnRealEstateFinalMaturityDate
2021-07-31
CY2017Q2 srt Mortgage Loans On Real Estate Periodic Payment Terms
MortgageLoansOnRealEstatePeriodicPaymentTerms
monthly payments of interest only with a balloon payment
CY2018Q2 eprt Loans Receivable Principal Payments Due Year Two
LoansReceivablePrincipalPaymentsDueYearTwo
3000
CY2018Q2 eprt Loans Receivable Principal Payments Due Year Three
LoansReceivablePrincipalPaymentsDueYearThree
4000
CY2018Q2 eprt Loans Receivable Principal Payments Due Year Four
LoansReceivablePrincipalPaymentsDueYearFour
2379000
CY2018Q2 eprt Loans Receivable Principal Payments Due Year Five
LoansReceivablePrincipalPaymentsDueYearFive
4000
CY2018Q2 eprt Loans Receivable Principal Payments Due Year Thereafter
LoansReceivablePrincipalPaymentsDueYearThereafter
1240000
CY2018Q2 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
4359000
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
458667000
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
235769000
eprt Sales Of Investments In Real Estate And Direct Financing Lease Receivables
SalesOfInvestmentsInRealEstateAndDirectFinancingLeaseReceivables
15923000
eprt Principal Collections On Direct Financing Lease Receivables
PrincipalCollectionsOnDirectFinancingLeaseReceivables
44000
CY2017Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
677890000
CY2017Q2 eprt Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
14855000
CY2017Q2 eprt Net Investments In Real Estate Related Assets
NetInvestmentsInRealEstateRelatedAssets
663035000
CY2017Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
CY2018Q2 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
1939000
CY2017Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
2063000
CY2018Q2 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2690000
CY2017Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2725000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
161000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
332000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
337000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
340000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
345000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
2844000
CY2018Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
4359000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
0
eprt Real Estate Investments Transfers From Held For Sale
RealEstateInvestmentsTransfersFromHeldForSale
0
CY2017Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0
CY2017Q4 eprt Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3
eprt Number Of Real Estate Properties Transfers To Held For Sale
NumberOfRealEstatePropertiesTransfersToHeldForSale
10
eprt Number Of Real Estate Properties Held For Sale Sold
NumberOfRealEstatePropertiesHeldForSaleSold
7
CY2018Q2 eprt Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
6
CY2017Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4173000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
13080000
CY2018Q1 eprt Operating Lease Rent Commencement Date
OperatingLeaseRentCommencementDate
2019-01-01
CY2018Q1 eprt Annual Operating Lease Base Rent Due
AnnualOperatingLeaseBaseRentDue
500000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold
RealEstateCostOfRealEstatePropertiesHeldForSaleSold
10058000
CY2017Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
14824000
CY2017Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2503000
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11300000
eprt Finite Lived Intangible Liabilities Remaining Amortization Period
FiniteLivedIntangibleLiabilitiesRemainingAmortizationPeriod
P16Y2M12D
CY2018Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7195000
eprt Intangible Lease Liabilities Transfers To Held For Sale
IntangibleLeaseLiabilitiesTransfersToHeldForSale
256000
eprt Intangible Lease Liabilities Held For Sale Sold
IntangibleLeaseLiabilitiesHeldForSaleSold
129000
CY2017Q4 eprt Real Estate Held For Sale Net
RealEstateHeldForSaleNet
4044000
eprt Real Estate Investments Transfers To Held For Sale Net
RealEstateInvestmentsTransfersToHeldForSaleNet
12824000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold Net
RealEstateCostOfRealEstatePropertiesHeldForSaleSoldNet
9929000
CY2018Q2 eprt Real Estate Held For Sale Net
RealEstateHeldForSaleNet
6939000
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
64315000
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11186000
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
53129000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
62453000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9432000
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
53021000
CY2018Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
14748000
CY2018Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2596000
eprt Finite Lived Intangible Assets And Liabilities Remaining Amortization Period
FiniteLivedIntangibleAssetsAndLiabilitiesRemainingAmortizationPeriod
P11Y8M12D
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1914000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1197000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3143000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2445000
CY2016Q4 eprt Number Of Special Purpose Entities Formed To Hold Assets And Issue Secured Borrowings
NumberOfSpecialPurposeEntitiesFormedToHoldAssetsAndIssueSecuredBorrowings
2
CY2017Q3 eprt Number Of Special Purpose Entities Formed To Hold Assets And Issue Secured Borrowings
NumberOfSpecialPurposeEntitiesFormedToHoldAssetsAndIssueSecuredBorrowings
1
CY2018Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
518977000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
522900000
CY2018Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10200000
us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
If the Company does not meet these repayment schedules, the base interest rates on the notes increase by the greater of (i) 5.00% and (ii) the amount by which the sum of the following exceeds the base interest rates on the notes: (a) the yield to maturity of 10-year U.S. treasury securities in November 2021, plus (b) 5.00%, plus (c) 2.73% for the Series A Notes or 3.70% for the Class B Notes. Additionally, in this event, the full amount of any tenant rental payments received on the assets transferred to the securitization would be used to repay principal.
CY2018Q2 eprt Percentage Of Increase In Base Interest Rate Upon Non Repayment Of Schedules
PercentageOfIncreaseInBaseInterestRateUponNonRepaymentOfSchedules
0.0500
CY2018Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0500
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5600000
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
3100000
us-gaap Interest Expense Debt
InterestExpenseDebt
11300000
us-gaap Interest Expense Debt
InterestExpenseDebt
6300000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3857000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
8009000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
8419000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
267558000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4292000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
226842000
eprt Direct Capital Contributions
DirectCapitalContributions
288600000
eprt Indirect Capital Contributions
IndirectCapitalContributions
163100000
CY2017Q1 eprt Additional Indirect Capital Contributions
AdditionalIndirectCapitalContributions
17300000
CY2017Q1 us-gaap Share Price
SharePrice
1000
CY2017Q1 eprt Compound Interest Rate Percentage Liquidation Preference
CompoundInterestRatePercentageLiquidationPreference
0.08
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
500
CY2018Q1 eprt Additional Direct Equity Contribution
AdditionalDirectEquityContribution
50000000
CY2018Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
50000000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.20
CY2018Q1 eprt Annual Escalations In Base Rent Per Square Foot Per Year
AnnualEscalationsInBaseRentPerSquareFootPerYear
0.50
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.30
us-gaap Lessor Operating Lease Lease Not Yet Commenced Existence Of Option To Extend
LessorOperatingLeaseLeaseNotYetCommencedExistenceOfOptionToExtend
false
CY2018Q1 us-gaap Lessor Operating Lease Lease Not Yet Commenced Term Of Contract1
LessorOperatingLeaseLeaseNotYetCommencedTermOfContract1
P7Y
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0138
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0130
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.25
CY2018Q2 eprt Percentage Of Ownership Interest In Operating Partnership Excluding General Partner Interest
PercentageOfOwnershipInterestInOperatingPartnershipExcludingGeneralPartnerInterest
0.673
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2018Q2 us-gaap Distribution Made To Limited Partner Unit Distribution
DistributionMadeToLimitedPartnerUnitDistribution
0
us-gaap Distribution Made To Limited Partner Unit Distribution
DistributionMadeToLimitedPartnerUnitDistribution
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
11050
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2210
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
8840
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
9340
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2310
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
7030
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.20
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.35
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.40
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0233
CY2018Q1 eprt Lessor Operating Lease Lease Not Yet Commenced Number Of Renewal Options
LessorOperatingLeaseLeaseNotYetCommencedNumberOfRenewalOptions
2
CY2018Q1 us-gaap Lessor Operating Lease Lease Not Yet Commenced Renewal Term1
LessorOperatingLeaseLeaseNotYetCommencedRenewalTerm1
P5Y
CY2018Q1 eprt Operating Lease Estimated Commencement Date
OperatingLeaseEstimatedCommencementDate
2018-12-15
CY2018Q2 eprt Lessee Operating Lease Number Of Real Estate Properties Leased
LesseeOperatingLeaseNumberOfRealEstatePropertiesLeased
14
CY2017Q4 eprt Lessee Operating Lease Number Of Real Estate Properties Leased
LesseeOperatingLeaseNumberOfRealEstatePropertiesLeased
15
CY2018Q2 eprt Lessee Operating Lease Ground Leased Properties Direct Obligation
LesseeOperatingLeaseGroundLeasedPropertiesDirectObligation
5
CY2018Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
100000
CY2017Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
200000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000
eprt Lessee Operating Lease Number Of Ground Leased Properties With No Rent Escalation
LesseeOperatingLeaseNumberOfGroundLeasedPropertiesWithNoRentEscalation
10
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
587000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1417000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1121000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1012000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
996000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1775000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6908000
CY2018Q2 eprt Operating Lease Remaining Future Commitments For Construction Financing To Tenants
OperatingLeaseRemainingFutureCommitmentsForConstructionFinancingToTenants
2300000
eprt Number Of Properties Provided For Construction Financing
NumberOfPropertiesProvidedForConstructionFinancing
1
eprt Reimbursement To Tenants For Construction Finance
ReimbursementToTenantsForConstructionFinance
10700000
eprt Number Of Property For Development
NumberOfPropertyForDevelopment
4
us-gaap Defined Contribution Plan Plan Name
DefinedContributionPlanPlanName
401(k) Plan
CY2018Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
33000
CY2017Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
13000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
100000
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
45000
CY2018Q2 eprt Estimated Disposition Costs Of Assets Held For Sale
EstimatedDispositionCostsOfAssetsHeldForSale
300000

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