$EPRT
ESSENTIAL PROPERTIES REALTY TRUST, INC.

2019 Q3 Form 10-Q Financial Statement

#000156459019041261 Filed on November 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $36.29M $28.65M $25.74M
YoY Change 40.98% 63.71% 89.56%
Cost Of Revenue $440.0K $760.0K $490.0K
YoY Change -10.2% 61.7% 25.64%
Gross Profit $35.85M $27.89M $25.25M
YoY Change 41.98% 63.67% 91.43%
Gross Profit Margin 98.78% 97.35% 98.09%
Selling, General & Admin $7.530M $3.890M $3.530M
YoY Change 113.31% 66.95% 50.85%
% of Gross Profit 21.0% 13.95% 13.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.372M $8.510M $8.760M
YoY Change 6.99% 35.51% 70.1%
% of Gross Profit 26.14% 30.51% 34.69%
Operating Expenses $18.67M $12.40M $12.30M
YoY Change 51.79% 44.19% 64.22%
Operating Profit $14.06M $15.49M $7.078M
YoY Change 98.62% 83.53% 1312.77%
Interest Expense $7.207M -$6.510M $6.563M
YoY Change 9.81% -11.91% 3.89%
% of Operating Profit 51.27% -42.03% 92.72%
Other Income/Expense, Net
YoY Change
Pretax Income $14.17M $8.350M $7.733M
YoY Change 83.27% 21.9% 1407.41%
Income Tax $66.00K $50.00K $26.00K
% Of Pretax Income 0.47% 0.6% 0.34%
Net Earnings $13.25M $5.780M $5.324M
YoY Change 148.78% -15.99% 919.92%
Net Earnings / Revenue 36.5% 20.17% 20.68%
Basic Earnings Per Share $0.18 $0.12
Diluted Earnings Per Share $0.18 $91.69K $0.12
COMMON SHARES
Basic Shares Outstanding 72.48M shares 43.75M 42.36M
Diluted Shares Outstanding 77.61M shares 61.47M

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.40M $4.200M $73.30M
YoY Change -68.08%
Cash & Equivalents $23.45M $4.236M $73.27M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $22.60M $14.30M $11.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.00M $18.50M $84.50M
YoY Change -45.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.618B $1.272B $1.198B
YoY Change 35.05%
Goodwill
YoY Change
Intangibles $57.47M $52.78M $52.28M
YoY Change 9.92% -0.46%
Long-Term Investments
YoY Change
Other Assets $21.10M $19.70M $6.900M
YoY Change 205.8%
Total Long-Term Assets $1.759B $1.362B $1.270B
YoY Change 38.49%
TOTAL ASSETS
Total Short-Term Assets $46.00M $18.50M $84.50M
Total Long-Term Assets $1.759B $1.362B $1.270B
Total Assets $1.805B $1.381B $1.355B
YoY Change 33.25% 46.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.30M $4.900M $6.600M
YoY Change 162.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.00M $18.10M $20.70M
YoY Change 69.08%
LONG-TERM LIABILITIES
Long-Term Debt $659.8M $540.1M $507.5M
YoY Change 30.01%
Other Long-Term Liabilities $9.600M $11.60M $11.90M
YoY Change -19.33%
Total Long-Term Liabilities $669.4M $551.7M $519.4M
YoY Change 28.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.00M $18.10M $20.70M
Total Long-Term Liabilities $669.4M $551.7M $519.4M
Total Liabilities $704.4M $569.9M $540.1M
YoY Change 30.44% -25.1%
SHAREHOLDERS EQUITY
Retained Earnings -$22.73M -$7.659M
YoY Change
Common Stock $796.0K $431.0K $431.0K
YoY Change 84.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.093B $562.2M $564.5M
YoY Change
Total Liabilities & Shareholders Equity $1.805B $1.381B $1.355B
YoY Change 33.25% 46.56%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $13.25M $5.780M $5.324M
YoY Change 148.78% -15.99% 919.92%
Depreciation, Depletion And Amortization $9.372M $8.510M $8.760M
YoY Change 6.99% 35.51% 70.1%
Cash From Operating Activities $25.07M $17.14M $15.20M
YoY Change 64.93% 177.8% 130.65%
INVESTING ACTIVITIES
Capital Expenditures -$138.8M -$103.4M -$126.6M
YoY Change 9.66% -35.33% -9.27%
Acquisitions
YoY Change
Other Investing Activities -$21.43M $13.28M $11.97M
YoY Change -279.03% -24.5% -38.08%
Cash From Investing Activities -$160.2M -$90.12M -$114.6M
YoY Change 39.83% -36.66% -4.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 143.4M 15.15M 33.44M
YoY Change 328.95% -88.27% -74.17%
NET CHANGE
Cash From Operating Activities 25.07M 17.14M 15.20M
Cash From Investing Activities -160.2M -90.12M -114.6M
Cash From Financing Activities 143.4M 15.15M 33.44M
Net Change In Cash 8.280M -57.83M -65.95M
YoY Change -112.55% 730.89% -515.3%
FREE CASH FLOW
Cash From Operating Activities $25.07M $17.14M $15.20M
Capital Expenditures -$138.8M -$103.4M -$126.6M
Free Cash Flow $163.9M $120.5M $141.8M
YoY Change 15.59% -27.41% -2.96%

Facts In Submission

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dei City Area Code
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dei Local Phone Number
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1050000
CY2019Q3 eprt Members Account Unit Based Compensation
MembersAccountUnitBasedCompensation
1719000
CY2019Q3 eprt Dividends Declared On Common Stock And Operating Partners Units
DividendsDeclaredOnCommonStockAndOperatingPartnersUnits
17652000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
181402000
CY2018Q1 eprt Capital Account Contributions
CapitalAccountContributions
50000000
CY2018Q1 eprt Members Account Unit Based Compensation
MembersAccountUnitBasedCompensation
242000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
1109000
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
232753000
CY2018Q2 eprt Members Account Unit Based Compensation
MembersAccountUnitBasedCompensation
201000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
3176000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
236130000
eprt Amortization Of Above Or Below Market Leases And Right Of Use Assets Net
AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet
529000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
823000
CY2018Q3 eprt Members Account Unit Based Compensation
MembersAccountUnitBasedCompensation
228000
eprt Amortization Of Above Or Below Market Leases And Right Of Use Assets Net
AmortizationOfAboveOrBelowMarketLeasesAndRightOfUseAssetsNet
283000
eprt Amortization Of Deferred Financing Costs And Other Assets
AmortizationOfDeferredFinancingCostsAndOtherAssets
2174000
eprt Amortization Of Deferred Financing Costs And Other Assets
AmortizationOfDeferredFinancingCostsAndOtherAssets
1982000
us-gaap Straight Line Rent
StraightLineRent
8880000
us-gaap Straight Line Rent
StraightLineRent
5770000
CY2018Q3 eprt Dividends Declared On Common Stock And Operating Partners Units
DividendsDeclaredOnCommonStockAndOperatingPartnersUnits
14068000
CY2018Q3 eprt Profit Loss Since Ipo
ProfitLossSinceIPO
7708000
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
814892000
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
455000000
CY2018Q2 eprt Private Placement
PrivatePlacement
108999000
CY2018Q2 eprt Concurrent Private Placement Of Op Units
ConcurrentPrivatePlacementOfOPUnits
16001000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
32053000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
46000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
321000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
784444000
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
38811000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3054000
eprt Depreciation And Lease Intangible Amortization
DepreciationAndLeaseIntangibleAmortization
30367000
eprt Depreciation And Lease Intangible Amortization
DepreciationAndLeaseIntangibleAmortization
22843000
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
206000
us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
116000
eprt Equity Based Compensation
EquityBasedCompensation
5216000
eprt Equity Based Compensation
EquityBasedCompensation
1398000
eprt Adjustment To Rental Revenue For Tenant Credit Allowance For Doubtful Accounts
AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts
25000
eprt Adjustment To Rental Revenue For Tenant Credit Allowance For Doubtful Accounts
AdjustmentToRentalRevenueForTenantCreditAllowanceForDoubtfulAccounts
311000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1649000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-179000
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1487000
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-3300000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60911000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28782000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
51712000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
40906000
eprt Proceeds From Collection Of Loans And Direct Finance Lease Receivables
ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables
4689000
eprt Proceeds From Collection Of Loans And Direct Finance Lease Receivables
ProceedsFromCollectionOfLoansAndDirectFinanceLeaseReceivables
55000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
58865000
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
10379000
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
3991000
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
150000
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
404540000
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
387595000
eprt Payments For Investment In Construction In Progress
PaymentsForInvestmentInConstructionInProgress
12378000
eprt Payments For Investment In Construction In Progress
PaymentsForInvestmentInConstructionInProgress
14307000
eprt Payments For Lease Incentives
PaymentsForLeaseIncentives
2038000
eprt Payments For Lease Incentives
PaymentsForLeaseIncentives
269000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-425411000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-371739000
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
5968000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5875000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
201400000
eprt Principal Received On Repurchased Secured Borrowings
PrincipalReceivedOnRepurchasedSecuredBorrowings
1419000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
278000000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48000
eprt Reclassification From Construction In Progress Upon Project Completion
ReclassificationFromConstructionInProgressUponProjectCompletion
3474000
us-gaap Payments Of Dividends
PaymentsOfDividends
46251000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
374483000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
157000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
397607000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9983000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
54650000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16239000
eprt Contributions From Members In Predecessor
ContributionsFromMembersInPredecessor
50000000
eprt Payments For Proceeds From Debt Issuance Costs And Refunds
PaymentsForProceedsFromDebtIssuanceCostsAndRefunds
2472000
eprt Payments For Proceeds From Debt Issuance Costs And Refunds
PaymentsForProceedsFromDebtIssuanceCostsAndRefunds
3305000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19430000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26222000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74080000
eprt Reclassification From Construction In Progress Upon Project Completion
ReclassificationFromConstructionInProgressUponProjectCompletion
14451000
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
4960000
us-gaap Transfer To Investments
TransferToInvestments
9176000
eprt Non Cash Lease Liabilities Arising From Recognition Of Right Of Use Assets
NonCashLeaseLiabilitiesArisingFromRecognitionOfRightOfUseAssets
4822000
us-gaap Interest Paid Net
InterestPaidNet
22093000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
309768000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
464182000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1613000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2395000
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73271000
CY2018Q3 us-gaap Restricted Cash
RestrictedCash
809000
us-gaap Interest Paid Net
InterestPaidNet
22763000
us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
5977000
eprt Noncash Contribution Of Predecessor Equity In Exchange For Operating Partnership Units
NoncashContributionOfPredecessorEquityInExchangeForOperatingPartnershipUnits
236130000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
237795000
eprt Non Cash Payable And Accrued Follow On Offering Costs
NonCashPayableAndAccruedFollowOnOfferingCosts
122000
eprt Non Cash Payable And Accrued Follow On Offering Costs
NonCashPayableAndAccruedFollowOnOfferingCosts
3083000
eprt Discounts And Fees On Capital Raised Through Issuance Of Common Stock
DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock
10758000
eprt Discounts And Fees On Capital Raised Through Issuance Of Common Stock
DiscountsAndFeesOnCapitalRaisedThroughIssuanceOfCommonStock
29629000
eprt Noncash Payable And Accrued Deferred Financing Costs
NoncashPayableAndAccruedDeferredFinancingCosts
271000
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14068000
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 nine months ended September&#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 periods 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 nine months ended September 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 Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
700000
us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
900000
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2018Q3 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2017Q1 eprt Number Of Classes Of Equity Units Issued
NumberOfClassesOfEquityUnitsIssued
4
CY2017Q1 us-gaap Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
0.523
CY2019Q3 eprt Percentage Of Ownership Interest In Operating Partnership
PercentageOfOwnershipInterestInOperatingPartnership
0.983
CY2018Q4 eprt Percentage Of Ownership Interest In Operating Partnership
PercentageOfOwnershipInterestInOperatingPartnership
0.697
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2019Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
23200000
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
4000000
CY2019Q3 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
0
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
25000
CY2019Q3 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
100000
CY2018Q3 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
200000
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Common Stock Conversion Basis
CommonStockConversionBasis
one-for-one basis
CY2019Q3 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
47600000
CY2018Q4 eprt Capitalized Offering Costs
CapitalizedOfferingCosts
35100000
eprt Percentage Of Taxable Income Require To Reit
PercentageOfTaxableIncomeRequireToREIT
0.90
eprt Profit Loss Since Ipo
ProfitLossSinceIPO
8029000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2482000
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
110000
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
155000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
377000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
42928750
CY2019Q3 eprt Provision For Income Tax
ProvisionForIncomeTax
0
us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019Q3 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
155000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13135000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5169000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26946000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5392000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13996000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7552000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33022000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7874000
CY2019Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
72979558
CY2018Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
43056044
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
59025313
CY2019Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1817789000
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
CY2018Q4 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
5
CY2019Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
495626
CY2018Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
691290
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
649568
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
691290
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
917
CY2019Q3 eprt Number Of Property Development In Progress
NumberOfPropertyDevelopmentInProgress
6
CY2019Q3 eprt Number Of Real Estate Properties Undeveloped Land Parcels
NumberOfRealEstatePropertiesUndevelopedLandParcels
1
CY2019Q3 eprt Number Of Mortgage Loans Receivable
NumberOfMortgageLoansReceivable
5
CY2019Q3 eprt Number Of Additional Properties Secured For Mortgage Loan Receivable
NumberOfAdditionalPropertiesSecuredForMortgageLoanReceivable
75
CY2019Q3 us-gaap Number Of Real Estate Properties Fee Simple
NumberOfRealEstatePropertiesFeeSimple
831
CY2019Q3 eprt Number Of Real Estate Properties Direct Financing Receivables
NumberOfRealEstatePropertiesDirectFinancingReceivables
7
CY2019Q3 eprt Number Of Ground Lease Interests
NumberOfGroundLeaseInterests
11
CY2019Q3 eprt Number Of Real Estate Subject To Direct Financing Leases
NumberOfRealEstateSubjectToDirectFinancingLeases
1
CY2019Q3 eprt Aggregate Carrying Amount Of Loans And Direct Financing Lease Receivable
AggregateCarryingAmountOfLoansAndDirectFinancingLeaseReceivable
62500000
CY2019Q3 eprt Number Of Investments
NumberOfInvestments
356
CY2019Q3 us-gaap Investments
Investments
611900000
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 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
CY2018Q4 eprt Aggregate Carrying Amount Of Loans And Direct Financing Lease Receivable
AggregateCarryingAmountOfLoansAndDirectFinancingLeaseReceivable
17500000
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
205
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Land
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
145889000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
259182000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Construction In Progress
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConstructionInProgress
12378000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseAssets
11896000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
429345000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
116000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
116000
CY2019Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Net
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
429229000
eprt Capitalized Interest Expense
CapitalizedInterestExpense
200000
eprt Number Of Acquisitions Represented More Than Five Percentage Of Investment Activity
NumberOfAcquisitionsRepresentedMoreThanFivePercentageOfInvestmentActivity
0
eprt Number Of Properties Acquired
NumberOfPropertiesAcquired
165
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Land
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
125519000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
253754000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Construction In Progress
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConstructionInProgress
14307000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseAssets
8609000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
402189000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiabilities
1047000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
1047000
CY2018Q3 eprt Recognized Identifiable Assets Acquired And Liabilities Assumed Net
RecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
401142000
eprt Investments Fee Interest Ownership
InvestmentsFeeInterestOwnership
fee interest
CY2018Q3 eprt Number Of Properties Acquired Fee Interest
NumberOfPropertiesAcquiredFeeInterest
164
CY2018Q3 eprt Number Of Properties Acquired Subject To Ground Lease Arrangement
NumberOfPropertiesAcquiredSubjectToGroundLeaseArrangement
1
eprt Capitalized Interest Expense
CapitalizedInterestExpense
200000
CY2017Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
508
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
165
eprt Number Of Investment Locations Sold In Real Estate
NumberOfInvestmentLocationsSoldInRealEstate
37
eprt Number Of Investment Locations Relinquishment Of Properties At End Of Ground Lease Term
NumberOfInvestmentLocationsRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
2
CY2018Q3 eprt Number Of Investment Locations
NumberOfInvestmentLocations
634
CY2018Q4 eprt Number Of Investment Locations
NumberOfInvestmentLocations
677
eprt Number Of Acquisitions And Additions To Real Investment Locations
NumberOfAcquisitionsAndAdditionsToRealInvestmentLocations
205
eprt Number Of Investment Locations Sold In Real Estate
NumberOfInvestmentLocationsSoldInRealEstate
28
eprt Number Of Investment Locations Relinquishment Of Properties At End Of Ground Lease Term
NumberOfInvestmentLocationsRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
2
eprt Number Of Investment Locations Investments In Loans Receivable
NumberOfInvestmentLocationsInvestmentsInLoansReceivable
76
eprt Number Of Investment Locations Principal Collections On And Settlements Of Loans And Direct Financing Lease Receivables
NumberOfInvestmentLocationsPrincipalCollectionsOnAndSettlementsOfLoansAndDirectFinancingLeaseReceivables
11
CY2019Q3 eprt Number Of Investment Locations
NumberOfInvestmentLocations
917
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
939072000
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
403218000
eprt Sales Of Investments In Real Estate
SalesOfInvestmentsInRealEstate
-38174000
eprt Investments In Relinquishment Of Properties At End Of Ground Lease Term
InvestmentsInRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
-853000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3566000
eprt Investments In Loans Receivable
InvestmentsInLoansReceivable
10379000
eprt Principal Collections On Loans And Direct Financing Lease Receivables
PrincipalCollectionsOnLoansAndDirectFinancingLeaseReceivables
55000
eprt Other Real Estate Investments Adjustments
OtherRealEstateInvestmentsAdjustments
-2772000
CY2018Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1307249000
CY2018Q3 eprt Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
43630000
CY2018Q3 eprt Net Investments In Real Estate Related Assets
NetInvestmentsInRealEstateRelatedAssets
1263619000
eprt Acquisitions And Additions To Real Estate Investments
AcquisitionsAndAdditionsToRealEstateInvestments
433208000
eprt Sales Of Investments In Real Estate
SalesOfInvestmentsInRealEstate
-51568000
eprt Investments In Relinquishment Of Properties At End Of Ground Lease Term
InvestmentsInRelinquishmentOfPropertiesAtEndOfGroundLeaseTerm
-471000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1921000
eprt Investments In Loans Receivable
InvestmentsInLoansReceivable
58865000
eprt Principal Collections On And Settlements Of Loans And Direct Financing Lease Receivables
PrincipalCollectionsOnAndSettlementsOfLoansAndDirectFinancingLeaseReceivables
13865000
eprt Other Real Estate Investments Adjustments
OtherRealEstateInvestmentsAdjustments
-1008000
CY2018Q3 eprt Intangible Lease Liability
IntangibleLeaseLiability
40000
CY2018Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
31400000
CY2019Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
62000000
eprt Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
10
eprt Loans Receivable To Purchaser Of Real Estate Property
LoansReceivableToPurchaserOfRealEstateProperty
11800000
CY2019Q3 eprt Loans Receivable Carrying Value
LoansReceivableCarryingValue
9200000
CY2019Q3 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
6
CY2018Q4 eprt Number Of Loan Receivable Agreements Secured
NumberOfLoanReceivableAgreementsSecured
4
CY2019Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
59900000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
14900000
CY2019Q3 eprt Number Of Loans Settled Or Repaid In Full
NumberOfLoansSettledOrRepaidInFull
3
eprt Loans Receivable Maturity Period
LoansReceivableMaturityPeriod
2021
eprt Partial Repayment Of Note Receivable
PartialRepaymentOfNoteReceivable
1100000
CY2019Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
58700000
CY2019Q3 eprt Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
59923000
CY2018Q4 eprt Loans Receivable Gross Carrying Amount
LoansReceivableGrossCarryingAmount
14854000
eprt Number Of Land Lease Have Option For Lessee To Purchase Leased Assets
NumberOfLandLeaseHaveOptionForLesseeToPurchaseLeasedAssets
2
CY2019Q3 eprt Loans Receivable Principal Payments Due Year Two
LoansReceivablePrincipalPaymentsDueYearTwo
9000
CY2019Q3 eprt Loans Receivable Principal Payments Due Year Three
LoansReceivablePrincipalPaymentsDueYearThree
1283000
CY2019Q3 eprt Loans Receivable Principal Payments Due Year Four
LoansReceivablePrincipalPaymentsDueYearFour
22000
CY2019Q3 eprt Loans Receivable Principal Payments Due Year Five
LoansReceivablePrincipalPaymentsDueYearFive
24000
CY2019Q3 eprt Loans Receivable Principal Payments Due Year Thereafter
LoansReceivablePrincipalPaymentsDueYearThereafter
58585000
CY2019Q3 eprt Aggregate Carrying Amount Of Direct Financing Lease Receivable
AggregateCarryingAmountOfDirectFinancingLeaseReceivable
2600000
CY2018Q4 eprt Aggregate Carrying Amount Of Direct Financing Lease Receivable
AggregateCarryingAmountOfDirectFinancingLeaseReceivable
2700000
CY2019Q3 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
3950000
CY2018Q4 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
4198000
CY2019Q3 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
CY2018Q4 us-gaap Direct Financing Lease Unguaranteed Residual Asset
DirectFinancingLeaseUnguaranteedResidualAsset
270000
CY2019Q3 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
1638000
CY2018Q4 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
1817000
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
57472000
eprt Number Of Real Estate Properties Held For Sale Sold
NumberOfRealEstatePropertiesHeldForSaleSold
4
CY2019Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2582000
CY2018Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2651000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
84000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
337000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
340000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
345000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
347000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
2497000
CY2019Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
3950000
CY2017Q4 eprt Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3
eprt Number Of Real Estate Properties Transfers To Held For Sale
NumberOfRealEstatePropertiesTransfersToHeldForSale
12
eprt Number Of Real Estate Properties Held For Sale Sold
NumberOfRealEstatePropertiesHeldForSaleSold
13
CY2018Q3 eprt Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
2
eprt Number Of Real Estate Properties Transfers To Held For Sale
NumberOfRealEstatePropertiesTransfersToHeldForSale
4
CY2017Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4173000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
14487000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold
RealEstateCostOfRealEstatePropertiesHeldForSaleSold
17253000
CY2018Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
1407000
eprt Real Estate Investments Transfers To Held For Sale
RealEstateInvestmentsTransfersToHeldForSale
6239000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold
RealEstateCostOfRealEstatePropertiesHeldForSaleSold
6239000
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
385000
CY2017Q4 eprt Real Estate Held For Sale Net
RealEstateHeldForSaleNet
4044000
eprt Real Estate Investments Transfers To Held For Sale Net
RealEstateInvestmentsTransfersToHeldForSaleNet
14231000
eprt Real Estate Cost Of Real Estate Properties Held For Sale Sold Net
RealEstateCostOfRealEstatePropertiesHeldForSaleSoldNet
16868000
CY2018Q3 eprt Real Estate Held For Sale Net
RealEstateHeldForSaleNet
1407000
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
6239000
CY2019Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
74973000
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17501000
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
CY2019Q3 eprt Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
11982000
CY2019Q3 eprt Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
2347000
CY2019Q3 eprt Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
9635000
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
P9Y4M24D
eprt Finite Lived Intangible Liabilities Remaining Amortization Period
FiniteLivedIntangibleLiabilitiesRemainingAmortizationPeriod
P17Y3M18D
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1739000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2117000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4622000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5260000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
800000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
P12M
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
6100000
CY2019Q3 eprt Derivative Instrument Termination Value
DerivativeInstrumentTerminationValue
6100000
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
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
5600000
us-gaap Interest Expense Debt
InterestExpenseDebt
13300000
us-gaap Interest Expense Debt
InterestExpenseDebt
16900000
CY2018Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
CY2019Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1175000
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
eprt Direct Capital Contributions
DirectCapitalContributions
288600000
eprt Indirect Capital Contributions
IndirectCapitalContributions
163100000
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.
CY2019Q3 eprt Percentage Of Increase In Base Interest Rate Upon Non Repayment Of Schedules
PercentageOfIncreaseInBaseInterestRateUponNonRepaymentOfSchedules
0.0500
CY2019Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0500
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
509200000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
515100000
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4900000
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9000000
CY2019Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000
CY2018Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1700000
CY2019Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
3800000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4844000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
73419000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4292000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4512000
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
222329000
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
310571000
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
CY2019Q3 eprt Percentage Of Ownership Interest In Operating Partnership Excluding General Partner Interest
PercentageOfOwnershipInterestInOperatingPartnershipExcludingGeneralPartnerInterest
0.983
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.65
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
CY2018Q3 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
7030
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
33305000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
133653000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
134862000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
136697000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
137628000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1568816000
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2144961000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
105827000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
106082000
eprt Operating Lease Lease Income Fixed
OperatingLeaseLeaseIncomeFixed
96687000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
105924000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1150158000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1682769000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5169000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
971000
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
CY2019Q3 eprt Operating Lease Lease Income Fixed
OperatingLeaseLeaseIncomeFixed
34758000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3300000
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4198000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1385000
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2019Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
474000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
1990000
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
35232000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
98677000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6254000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1087000
eprt Reimbursement To Tenants For Construction Finance
ReimbursementToTenantsForConstructionFinance
23500000
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
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0700
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
347000
us-gaap Operating Lease Cost
OperatingLeaseCost
1068000
CY2019Q3 us-gaap Lease Cost
LeaseCost
347000
us-gaap Lease Cost
LeaseCost
1068000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
296000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1091000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1011000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
996000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
682000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1093000

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