$EPRT
ESSENTIAL PROPERTIES REALTY TRUST, INC.

2019 Q2 Form 10-Q Financial Statement

#000156459019030248 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $32.76M $21.67M
YoY Change 51.15% 62.69%
Cost Of Revenue $650.0K $380.0K
YoY Change 71.05% -20.83%
Gross Profit $32.11M $21.29M
YoY Change 50.82% 65.81%
Gross Profit Margin 98.03% 98.25%
Selling, General & Admin $4.740M $2.990M
YoY Change 58.53% 28.33%
% of Gross Profit 14.76% 14.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.11M $7.610M
YoY Change 32.85% 76.57%
% of Gross Profit 31.49% 35.74%
Operating Expenses $14.84M $10.61M
YoY Change 39.87% 60.03%
Operating Profit $14.48M $3.558M
YoY Change 307.03% -42.71%
Interest Expense $5.779M -$8.600M
YoY Change -167.2% -266.67%
% of Operating Profit 39.9% -241.71%
Other Income/Expense, Net
YoY Change
Pretax Income $10.65M $1.174M
YoY Change 806.9% 91.21%
Income Tax $76.00K $87.00K
% Of Pretax Income 0.71% 7.41%
Net Earnings $7.951M $321.0K
YoY Change 2376.95% -84.32%
Net Earnings / Revenue 24.27% 1.48%
Basic Earnings Per Share $0.14 $0.01
Diluted Earnings Per Share $0.14 $0.01
COMMON SHARES
Basic Shares Outstanding 57.10M shares 40.29M
Diluted Shares Outstanding 76.67M shares 59.34M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.800M $131.4M
YoY Change -94.06%
Cash & Equivalents $7.816M $131.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $19.60M $9.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $27.40M $140.4M
YoY Change -80.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.503B $1.099B
YoY Change 36.74%
Goodwill
YoY Change
Intangibles $58.11M $53.13M
YoY Change 9.37%
Long-Term Investments
YoY Change
Other Assets $24.70M $13.80M
YoY Change 78.99%
Total Long-Term Assets $1.616B $1.172B
YoY Change 37.87%
TOTAL ASSETS
Total Short-Term Assets $27.40M $140.4M
Total Long-Term Assets $1.616B $1.172B
Total Assets $1.643B $1.312B
YoY Change 25.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.40M $6.700M
YoY Change 100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $30.30M $6.700M
YoY Change 352.24%
LONG-TERM LIABILITIES
Long-Term Debt $572.7M $508.8M
YoY Change 12.56%
Other Long-Term Liabilities $9.800M $12.40M
YoY Change -20.97%
Total Long-Term Liabilities $582.5M $521.2M
YoY Change 11.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.30M $6.700M
Total Long-Term Liabilities $582.5M $521.2M
Total Liabilities $612.8M $528.0M
YoY Change 16.07%
SHAREHOLDERS EQUITY
Retained Earnings -$18.45M $222.0K
YoY Change -8409.46%
Common Stock $578.0K $403.0K
YoY Change 43.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $785.6M $532.2M
YoY Change
Total Liabilities & Shareholders Equity $1.643B $1.312B
YoY Change 25.21%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $7.951M $321.0K
YoY Change 2376.95% -84.32%
Depreciation, Depletion And Amortization $10.11M $7.610M
YoY Change 32.85% 76.57%
Cash From Operating Activities $18.86M $8.360M
YoY Change 125.6% 39.1%
INVESTING ACTIVITIES
Capital Expenditures -$162.1M -$211.2M
YoY Change -23.24% 130.45%
Acquisitions
YoY Change
Other Investing Activities $2.660M $10.41M
YoY Change -74.45% -21.73%
Cash From Investing Activities -$159.4M -$200.7M
YoY Change -20.58% 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 44.49M 321.3M
YoY Change -86.15% 315.86%
NET CHANGE
Cash From Operating Activities 18.86M 8.360M
Cash From Investing Activities -159.4M -200.7M
Cash From Financing Activities 44.49M 321.3M
Net Change In Cash -96.08M 128.9M
YoY Change -174.56% 2513.79%
FREE CASH FLOW
Cash From Operating Activities $18.86M $8.360M
Capital Expenditures -$162.1M -$211.2M
Free Cash Flow $181.0M $219.5M
YoY Change -17.57% 124.83%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q2 eprt Land And Improvements
LandAndImprovements
502561000
CY2018Q4 eprt Land And Improvements
LandAndImprovements
420848000
CY2019Q2 eprt Building And Improvements
BuildingAndImprovements
1038589000
CY2018Q4 eprt Building And Improvements
BuildingAndImprovements
885656000
CY2019Q2 us-gaap Lease Incentive Receivable
LeaseIncentiveReceivable
4794000
CY2018Q4 us-gaap Lease Incentive Receivable
LeaseIncentiveReceivable
2794000
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
7079000
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1325000
CY2019Q2 eprt Finite Lived Intangible Assets Gross Excluding Real Estate Held For Sale
FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale
74079000
CY2018Q4 eprt Finite Lived Intangible Assets Gross Excluding Real Estate Held For Sale
FiniteLivedIntangibleAssetsGrossExcludingRealEstateHeldForSale
66421000
CY2019Q2 eprt Real Estate Investments At Cost
RealEstateInvestmentsAtCost
1627102000
CY2018Q4 eprt Real Estate Investments At Cost
RealEstateInvestmentsAtCost
1377044000
CY2019Q2 eprt Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
69010000
CY2018Q4 eprt Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
51855000
CY2019Q2 eprt Real Estate Investments Net
RealEstateInvestmentsNet
1558092000
CY2018Q4 eprt Real Estate Investments Net
RealEstateInvestmentsNet
1325189000
CY2019Q2 us-gaap Loans Receivable Net
LoansReceivableNet
30659000
CY2018Q4 us-gaap Loans Receivable Net
LoansReceivableNet
17505000
CY2019Q2 eprt Real Estate Investments Held For Sale Net
RealEstateInvestmentsHeldForSaleNet
2474000
CY2018Q4 eprt Real Estate Investments Held For Sale Net
RealEstateInvestmentsHeldForSaleNet
0
CY2019Q2 eprt Net Investments In Real Estate Related Assets
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CY2018Q4 eprt Net Investments In Real Estate Related Assets
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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112000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
267000
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
10128000
CY2018Q4 us-gaap Restricted Cash
RestrictedCash
12003000
CY2019Q2 eprt Straight Line Rent Receivable Net
StraightLineRentReceivableNet
19610000
CY2018Q4 eprt Straight Line Rent Receivable Net
StraightLineRentReceivableNet
14255000
CY2019Q2 us-gaap Prepaid Expense And Other Assets
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CY2018Q4 us-gaap Prepaid Expense And Other Assets
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Assets
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Assets
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SecuredBorrowingsNetOfDeferredFinancingCosts
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UnsecuredDebt
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CY2018Q4 us-gaap Unsecured Debt
UnsecuredDebt
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CY2018Q4 us-gaap Line Of Credit
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CY2018Q4 us-gaap Below Market Lease Net
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us-gaap Operating Leases Income Statement Lease Revenue
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us-gaap Proceeds From Issuance Of Long Term Debt
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200000000
CY2019Q2 eprt Interest Income On Loans And Direct Financing Lease Receivables
InterestIncomeOnLoansAndDirectFinancingLeaseReceivables
403000
CY2018Q2 eprt Interest Income On Loans And Direct Financing Lease Receivables
InterestIncomeOnLoansAndDirectFinancingLeaseReceivables
89000
CY2019Q2 us-gaap Other Income
OtherIncome
241000
us-gaap Interest Expense
InterestExpense
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CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2987000
CY2019Q2 us-gaap Cost Of Property Repairs And Maintenance
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645000
us-gaap Asset Impairment Charges
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1921000
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
20519000
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3474000
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2412000
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3558000
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us-gaap Gain Loss On Repurchase Of Debt Instrument
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
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-3774000
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-3774000
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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99000
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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4607000
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-960000
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2019Q2 eprt Dividends Declared On Common Stock And Operating Partners Units
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CY2018Q1 eprt Capital Account Contributions
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CY2018Q2 eprt Private Placement
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us-gaap Straight Line Rent
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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4664000
eprt Proceeds From Collection Of Loans And Direct Finance Lease Receivables
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35000
us-gaap Payments To Acquire Loans Receivable
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us-gaap Payments To Acquire Loans Receivable
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-1618000
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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-285000
us-gaap Payments To Acquire Real Estate Held For Investment
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us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
266579000
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PaymentsForInvestmentInConstructionInProgress
5754000
eprt Payments For Investment In Construction In Progress
PaymentsForInvestmentInConstructionInProgress
8754000
eprt Payments For Lease Incentives
PaymentsForLeaseIncentives
2000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-265175000
eprt Proceeds From Notes Payable To Related Parties
ProceedsFromNotesPayableToRelatedParties
154000000
eprt Repayments Of Notes Payable To Related Parties
RepaymentsOfNotesPayableToRelatedParties
384000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3954000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3959000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
201400000
eprt Principal Received On Repurchased Secured Borrowings
PrincipalReceivedOnRepurchasedSecuredBorrowings
564000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-257145000
eprt Noncash Contribution Of Predecessor Equity In Exchange For Operating Partnership Units
NoncashContributionOfPredecessorEquityInExchangeForOperatingPartnershipUnits
126130000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16239000
eprt Non Cash Payable And Accrued Follow On Offering Costs
NonCashPayableAndAccruedFollowOnOfferingCosts
3467000
eprt Underwriters Discount On Capital Raised Through Issuance Of Common Stock
UnderwritersDiscountOnCapitalRaisedThroughIssuanceOfCommonStock
9821000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
131387000
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
4960000
us-gaap Transfer To Investments
TransferToInvestments
5748000
eprt Non Cash Lease Liabilities Arising From Recognition Of Right Of Use Assets
NonCashLeaseLiabilitiesArisingFromRecognitionOfRightOfUseAssets
4822000
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
3873000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
321000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19027000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
119000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
86000000
eprt Payments For Proceeds From Debt Issuance Costs And Refunds
PaymentsForProceedsFromDebtIssuanceCostsAndRefunds
2471000
eprt Payments For Proceeds From Debt Issuance Costs And Refunds
PaymentsForProceedsFromDebtIssuanceCostsAndRefunds
3284000
eprt Contributions From Members In Predecessor
ContributionsFromMembersInPredecessor
50000000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
235704000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
427700000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1066000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1286000
us-gaap Payments Of Dividends
PaymentsOfDividends
29334000
CY2018Q2 us-gaap Restricted Cash
RestrictedCash
8644000
us-gaap Interest Paid Net
InterestPaidNet
14266000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27000
eprt Reclassification From Construction In Progress Upon Project Completion
ReclassificationFromConstructionInProgressUponProjectCompletion
1567000
eprt Underwriters Discount On Capital Raised Through Issuance Of Common Stock
UnderwritersDiscountOnCapitalRaisedThroughIssuanceOfCommonStock
27300000
eprt Noncash Payable And Accrued Deferred Financing Costs
NoncashPayableAndAccruedDeferredFinancingCosts
261000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassification</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain amounts previously reported in the consolidated financial statements have been reclassified in the accompanying consolidated financial statements to conform to the current period&#8217;s presentation of gain on dispositions of real estate, net on the consolidated statements of operations for the three and six months ended June&#160;30,&#160;2019. The Company has presented gain on dispositions of real estate, net as a component of income from operations in order to present gains and losses on dispositions of properties in accordance with Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (ASC) 360-10-45-5. This change in presentation was made for the prior period as the SEC has eliminated Rule 3-15(a) of Regulation S-X, which previously had required the Company to present gains and losses on sale of properties outside of continuing operations in the Company&#8217;s consolidated statements of operations. Additionally, the Company changed the presentation of its consolidated statements of stockholders&#8217;/members&#8217; equity for the six months ended June 30, 2018 as the SEC extended the annual disclosure requirements for changes in stockholders&#8217; equity in Rule 3-04 of Regulation S-X to interim periods, now requiring both the year-to-date information and subtotals for each interim period. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, certain amounts previously reported in the consolidated statements of operations have been reclassified to conform to the current period&#8217;s presentation of rental revenue (due to the adoption of the new lease accounting standard, as discussed further below), interest income and income tax expense.</p>
us-gaap Use Of Estimates
UseOfEstimates
<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;text-indent:4.54%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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>
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019Q2 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 Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019Q2 eprt Number Of Additional Properties Secured For Mortgage Loan Receivable
NumberOfAdditionalPropertiesSecuredForMortgageLoanReceivable
4
CY2019Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q2 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
773
CY2019Q2 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
5
CY2019Q2 eprt Number Of Ground Lease Interests
NumberOfGroundLeaseInterests
12
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2019Q2 eprt Number Of Real Estate Subject To Direct Financing Leases
NumberOfRealEstateSubjectToDirectFinancingLeases
1
CY2018Q4 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
5
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
321000
CY2019Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1660235000
CY2019Q2 eprt Aggregate Carrying Amount Of Loans And Direct Financing Lease Receivable
AggregateCarryingAmountOfLoansAndDirectFinancingLeaseReceivable
30700000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7839000
CY2018Q4 eprt Number Of Ground Lease Interests
NumberOfGroundLeaseInterests
13
CY2018Q4 eprt Number Of Real Estate Subject To Direct Financing Leases
NumberOfRealEstateSubjectToDirectFinancingLeases
1
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1394549000
CY2019Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
57825460
CY2018Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
40976901
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
51932547
CY2019Q2 eprt Percentage Of Ownership Interest In Operating Partnership
PercentageOfOwnershipInterestInOperatingPartnership
0.752
CY2018Q4 eprt Percentage Of Ownership Interest In Operating Partnership
PercentageOfOwnershipInterestInOperatingPartnership
0.697
CY2019Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2019Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
7600000
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
4000000
CY2019Q2 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
200000
CY2018Q2 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
200000
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
600000
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
700000
CY2019Q2 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
46000000
CY2018Q4 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
35100000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
222000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13813000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
222000
CY2018Q4 eprt Aggregate Carrying Amount Of Loans And Direct Financing Lease Receivable
AggregateCarryingAmountOfLoansAndDirectFinancingLeaseReceivable
17500000
eprt Percentage Of Taxable Income Require To Reit
PercentageOfTaxableIncomeRequireToREIT
0.90
CY2019Q2 eprt Provision For Income Tax
ProvisionForIncomeTax
0
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
40976901
CY2019Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
721784
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10459000
CY2018Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
691290
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
727814
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
691290
CY2019Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2500000
CY2019Q2 eprt Number Of Investments
NumberOfInvestments
350
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59342163
CY2019Q2 us-gaap Investments
Investments
608600000
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
785
CY2019Q2 eprt Number Of Property Development In Progress
NumberOfPropertyDevelopmentInProgress
6
CY2019Q2 eprt Number Of Real Estate Properties Undeveloped Land Parcels
NumberOfRealEstatePropertiesUndevelopedLandParcels
1
CY2019Q2 eprt Number Of Mortgage Loans Receivable
NumberOfMortgageLoansReceivable
4
CY2018Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
665
CY2018Q4 eprt Number Of Property Development In Progress
NumberOfPropertyDevelopmentInProgress
4
CY2018Q4 eprt Number Of Real Estate Properties Undeveloped Land Parcels
NumberOfRealEstatePropertiesUndevelopedLandParcels
1
CY2018Q4 eprt Number Of Mortgage Loans Receivable
NumberOfMortgageLoansReceivable
3
CY2018Q4 eprt Number Of Additional Properties Secured For Mortgage Loan Receivable
NumberOfAdditionalPropertiesSecuredForMortgageLoanReceivable
12
CY2018Q4 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
652
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40285611
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40285611
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59342163
CY2018Q4 eprt Number Of Investments
NumberOfInvestments
347
CY2018Q4 us-gaap Investments
Investments
609200000
eprt Number Of Acquisitions Represented More Than Five Percentage Of Investment Activity
NumberOfAcquisitionsRepresentedMoreThanFivePercentageOfInvestmentActivity
0
eprt Investments Fee Interest Ownership
InvestmentsFeeInterestOwnership
Fee Interest
eprt Number Of Properties Acquired
NumberOfPropertiesAcquired
137
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Land
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
96418000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
175074000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Construction In Progress
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConstructionInProgress
5754000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseAssets
10338000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
287585000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
117000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
117000
CY2019Q2 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Net
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
287468000
eprt Capitalized Interest Expense
CapitalizedInterestExpense
100000
eprt Number Of Acquisitions Represented More Than Five Percentage Of Investment Activity
NumberOfAcquisitionsRepresentedMoreThanFivePercentageOfInvestmentActivity
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
eprt Investments In Loans Receivable
InvestmentsInLoansReceivable
3632000
CY2019Q2 eprt Loans Principal Payments Due Remainder Of Fiscal Year
LoansPrincipalPaymentsDueRemainderOfFiscalYear
7000
CY2018Q2 eprt Number Of Properties Acquired Fee Interest
NumberOfPropertiesAcquiredFeeInterest
111
CY2018Q2 eprt Number Of Properties Acquired Subject To Ground Lease Arrangement
NumberOfPropertiesAcquiredSubjectToGroundLeaseArrangement
1
eprt Capitalized Interest Expense
CapitalizedInterestExpense
100000
eprt Principal Collections On Loans And Direct Financing Lease Receivables
PrincipalCollectionsOnLoansAndDirectFinancingLeaseReceivables
35000
eprt Other Real Estate Investments Adjustments
OtherRealEstateInvestmentsAdjustments
-1491000
CY2017Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
508
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
112
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
CY2018Q2 eprt Number Of Investment Locations
NumberOfInvestmentLocations
602
CY2018Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
677
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
137
eprt Number Of Investment Locations Sold In Real Estate
NumberOfInvestmentLocationsSoldInRealEstate
18
eprt Number Of Investment Locations Relinquishment Of Properties At End Of Ground Lease Term
NumberOfInvestmentLocationsRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
1
eprt Number Of Investment Locations Investments In Loans Receivable
NumberOfInvestmentLocationsInvestmentsInLoansReceivable
5
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1194558000
CY2018Q2 eprt Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
36310000
CY2018Q2 eprt Net Investments In Real Estate Related Assets
NetInvestmentsInRealEstateRelatedAssets
1158248000
eprt Number Of Investment Locations Principal Collections On And Settlements Of Loans And Direct Financing Lease Receivables
NumberOfInvestmentLocationsPrincipalCollectionsOnAndSettlementsOfLoansAndDirectFinancingLeaseReceivables
11
CY2019Q2 eprt Number Of Investment Locations
NumberOfInvestmentLocations
789
eprt Investments In Relinquishment Of Properties At End Of Ground Lease Term
InvestmentsInRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
-241000
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
290943000
eprt Sales Of Investments In Real Estate
SalesOfInvestmentsInRealEstate
-35383000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1921000
eprt Investments In Loans Receivable
InvestmentsInLoansReceivable
23566000
eprt Principal Collections On And Settlements Of Loans And Direct Financing Lease Receivables
PrincipalCollectionsOnAndSettlementsOfLoansAndDirectFinancingLeaseReceivables
10412000
eprt Other Real Estate Investments Adjustments
OtherRealEstateInvestmentsAdjustments
-866000
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
939072000
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
276315000
eprt Sales Of Investments In Real Estate
SalesOfInvestmentsInRealEstate
-19301000
eprt Investments In Relinquishment Of Properties At End Of Ground Lease Term
InvestmentsInRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
-853000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2781000
eprt Intangible Lease Liability
IntangibleLeaseLiability
25000
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
25100000
CY2019Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
53000000
eprt Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
9
CY2019Q2 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2607000
CY2018Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2651000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
168000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
337000
eprt Amortization Schedule Of Loan Receivable Under Development Construction Agreement
AmortizationScheduleOfLoanReceivableUnderDevelopmentConstructionAgreement
P40Y
eprt Number Of Land Lease Have Option For Lessee To Purchase Leased Assets
NumberOfLandLeaseHaveOptionForLesseeToPurchaseLeasedAssets
2
eprt Loans Receivable To Purchaser Of Real Estate Property
LoansReceivableToPurchaserOfRealEstateProperty
8200000
CY2019Q2 eprt Property Securitized By Loan Receivable Carrying Value
PropertySecuritizedByLoanReceivableCarryingValue
5700000
CY2019Q2 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
4
CY2018Q4 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
4
CY2019Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
28100000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
14900000
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
5700000
CY2018Q2 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
2
eprt Loans Receivable Maturity Period
LoansReceivableMaturityPeriod
2021
eprt Partial Repayment Of Note Receivable
PartialRepaymentOfNoteReceivable
1100000
CY2019Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
23400000
CY2019Q2 eprt Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
28052000
CY2018Q4 eprt Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
14854000
CY2019Q2 eprt Loans Receivable Principal Payments Due Year Two
LoansReceivablePrincipalPaymentsDueYearTwo
25000
CY2019Q2 eprt Loans Receivable Principal Payments Due Year Three
LoansReceivablePrincipalPaymentsDueYearThree
1303000
CY2019Q2 eprt Loans Receivable Principal Payments Due Year Four
LoansReceivablePrincipalPaymentsDueYearFour
43000
CY2019Q2 eprt Loans Receivable Principal Payments Due Year Five
LoansReceivablePrincipalPaymentsDueYearFive
46000
CY2019Q2 eprt Loans Receivable Principal Payments Due Year Thereafter
LoansReceivablePrincipalPaymentsDueYearThereafter
26628000
CY2019Q2 eprt Aggregate Carrying Amount Of Direct Financing Lease Receivable
AggregateCarryingAmountOfDirectFinancingLeaseReceivable
2600000
CY2018Q4 eprt Aggregate Carrying Amount Of Direct Financing Lease Receivable
AggregateCarryingAmountOfDirectFinancingLeaseReceivable
2700000
CY2019Q2 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
4034000
CY2018Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
4198000
CY2019Q2 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
CY2018Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
CY2019Q2 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
1697000
CY2018Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
1817000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
340000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
345000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
347000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
2497000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
4034000
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
eprt Number Of Real Estate Properties Transfers To Held For Sale
NumberOfRealEstatePropertiesTransfersToHeldForSale
4
eprt Number Of Real Estate Properties Held For Sale Sold
NumberOfRealEstatePropertiesHeldForSaleSold
2
CY2019Q2 eprt Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
2
CY2017Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4173000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
13080000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold
RealEstateCostOfRealEstatePropertiesHeldForSaleSold
10058000
CY2018Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7195000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
6239000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold
RealEstateCostOfRealEstatePropertiesHeldForSaleSold
3765000
CY2019Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
2474000
CY2017Q4 eprt Intangible Lease Liabilities Held For Sale Net
IntangibleLeaseLiabilitiesHeldForSaleNet
129000
eprt Intangible Lease Liabilities Transfers To Held For Sale
IntangibleLeaseLiabilitiesTransfersToHeldForSale
256000
eprt Intangible Lease Liabilities Held For Sale Sold
IntangibleLeaseLiabilitiesHeldForSaleSold
129000
CY2018Q2 eprt Intangible Lease Liabilities Held For Sale Net
IntangibleLeaseLiabilitiesHeldForSaleNet
256000
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
eprt Real Estate Investments Transfers To Held For Sale Net
RealEstateInvestmentsTransfersToHeldForSaleNet
6239000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold Net
RealEstateCostOfRealEstatePropertiesHeldForSaleSoldNet
3765000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
74079000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15972000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
58107000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
66421000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13642000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
52779000
CY2019Q2 eprt Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
11981000
CY2019Q2 eprt Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
2203000
CY2019Q2 eprt Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
9778000
CY2018Q4 eprt Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
14894000
CY2018Q4 eprt Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
3278000
CY2018Q4 eprt Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
11616000
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y7M6D
eprt Finite Lived Intangible Liabilities Remaining Amortization Period
FiniteLivedIntangibleLiabilitiesRemainingAmortizationPeriod
P17Y7M6D
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1551000
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1914000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2883000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3143000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
400000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
P12M
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
4000000
CY2019Q2 eprt Derivative Instrument Termination Value
DerivativeInstrumentTerminationValue
4000000
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
3
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1200000
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
511200000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4292000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
515100000
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5200000
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9000000
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
400000
CY2018Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4512000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
222329000
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
311729000
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.
CY2019Q2 eprt Percentage Of Increase In Base Interest Rate Upon Non Repayment Of Schedules
PercentageOfIncreaseInBaseInterestRateUponNonRepaymentOfSchedules
0.0500
CY2019Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0500
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5500000
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5600000
us-gaap Interest Expense Debt
InterestExpenseDebt
11100000
us-gaap Interest Expense Debt
InterestExpenseDebt
11300000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2333000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4844000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
73419000
CY2019Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
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 us-gaap Members Equity
MembersEquity
50000000
CY2018Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
50000000
CY2019Q2 eprt Percentage Of Ownership Interest In Operating Partnership Excluding General Partner Interest
PercentageOfOwnershipInterestInOperatingPartnershipExcludingGeneralPartnerInterest
0.742
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
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
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
7030
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
2310
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
4720
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0233
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Discount For Postvesting Restrictions
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsDiscountForPostvestingRestrictions
0.25
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
62284000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
125161000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
126279000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
128009000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
128848000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1442618000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2013199000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
105827000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
106743000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
108035000
us-gaap Operating Lease Cost
OperatingLeaseCost
721000
CY2019Q2 us-gaap Lease Cost
LeaseCost
358000
us-gaap Lease Cost
LeaseCost
721000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
591000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
105924000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1091000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1150158000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1682769000
CY2019Q2 eprt Operating Lease Lease Income Fixed
OperatingLeaseLeaseIncomeFixed
31968000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
106082000
eprt Operating Lease Lease Income Fixed
OperatingLeaseLeaseIncomeFixed
61929000
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
423000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1516000
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
32391000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
63445000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3500000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4407000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0700
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
358000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1011000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
996000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
682000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1093000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5464000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1057000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1385000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1087000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1011000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
996000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
682000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1093000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6254000
eprt Reimbursement To Tenants For Construction Finance
ReimbursementToTenantsForConstructionFinance
25800000

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