Essential Properties Realty Trust, Inc. (EPRT)

EPRT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	406.33	339.9	269.83	213.33	155.79	135.67
Other Revenue	1.55	1.57	1.18	1.2	0.08	0.66
Total Revenue	428.54	359.6	286.51	230.23	164.01	139.36
Revenue Growth (YoY	27.83%	25.51%	24.44%	40.38%	17.69%	44.83%
Property Expenses	5	4.66	3.45	5.76	3.88	3.07
Selling, General & Administrative	34.03	30.68	29.46	24.33	24.44	21.75
Depreciation & Amortization	116.77	102.22	88.56	69.15	59.45	42.75
Provision for Loan Losses	-0.24	0.1	-0.09	0.2	-0.83	-
Total Operating Expenses	156.04	137.46	121.57	99.03	88.6	67.56
Operating Income	272.5	222.13	164.94	131.2	75.41	71.8
Interest Expense	-70.35	-52.6	-40.37	-33.61	-29.65	-27.04
Interest & Investment Income	3.11	2.01	2.83	0.09	0.49	0.79
EBT Excluding Unusual Items	205.26	171.55	127.4	97.68	46.24	45.55
Gain (Loss) on Sale of Assets	6.25	24.17	30.65	9.34	5.82	10.93
Asset Writedown	-14.16	-3.55	-20.16	-6.12	-8.4	-2.92
Other Unusual Items	-	-0.12	-2.14	-4.46	-0.92	-5.24
Pretax Income	197.99	192.05	135.74	96.44	42.74	48.33
Income Tax Expense	0.63	0.64	1	0.23	0.21	0.3
Earnings From Continuing Operations	197.36	191.42	134.74	96.21	42.53	48.03
Minority Interest in Earnings	-0.64	-0.71	-0.61	-0.49	-0.26	-6.18
Net Income	196.72	190.71	134.13	95.73	42.27	41.84
Preferred Dividends & Other Adjustments	0.46	0.41	0.37	0.31	0.4	0.49
Net Income to Common	196.27	190.3	133.76	95.41	41.87	41.35
Net Income Growth	11.17%	42.18%	40.12%	126.44%	1.03%	168.01%
Basic Shares Outstanding	169	152	135	116	95	64
Diluted Shares Outstanding	171	154	136	117	96	75
Shares Change (YoY)	14.55%	13.00%	15.66%	22.11%	27.74%	21.93%
EPS (Basic)	1.16	1.25	0.99	0.82	0.44	0.65
EPS (Diluted)	1.15	1.24	0.99	0.82	0.44	0.63
EPS Growth	-3.03%	25.80%	21.15%	86.44%	-30.62%	144.01%
Dividend Per Share	1.150	1.120	1.075	1.000	0.930	0.880
Dividend Growth	3.60%	4.19%	7.50%	7.53%	5.68%	102.76%
Operating Margin	63.59%	61.77%	57.57%	56.99%	45.98%	51.52%
Profit Margin	45.80%	52.92%	46.69%	41.44%	25.53%	29.67%
Free Cash Flow Margin	68.61%	70.79%	73.65%	72.71%	60.60%	63.55%
EBITDA	389.02	324.08	252.94	199.95	134.43	115.08
EBITDA Margin	90.78%	90.12%	88.28%	86.85%	81.96%	82.58%
D&A For Ebitda	116.52	101.94	88	68.75	59.02	43.28
EBIT	272.5	222.13	164.94	131.2	75.41	71.8
EBIT Margin	63.59%	61.77%	57.57%	56.99%	45.98%	51.52%
Funds From Operations (FFO)	321.89	272.9	212.72	162.04	104.42	82.66
FFO Per Share	-	1.77	1.56	-	-	-
Adjusted Funds From Operations (AFFO)	-	253.4	208.83	158	107	86.25
AFFO Per Share	-	1.65	1.53	-	-	-
FFO Payout Ratio	59.80%	61.65%	66.61%	69.33%	82.82%	77.31%
Effective Tax Rate	0.32%	0.33%	0.74%	0.24%	0.50%	0.63%
Revenue as Reported	427.64	359.6	286.51	230.23	164.01	139.36

Source: S&P Capital IQ. Real Estate template. Financial Sources.