EPRT Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	527.53	425.75	339.9	269.83	213.33
Other Revenue	2.06	0.45	1.57	1.18	1.2
Total Revenue	561.22	449.61	359.6	286.51	230.23
Revenue Growth (YoY	24.82%	25.03%	25.51%	24.44%	40.38%
Property Expenses	7.58	5	4.66	3.45	5.76
Selling, General & Administrative	40.86	35.16	30.68	29.46	24.33
Depreciation & Amortization	153.6	122.16	102.22	88.56	69.15
Provision for Loan Losses	-0.11	-0.23	0.1	-0.09	0.2
Total Operating Expenses	202.15	162.55	137.46	121.57	99.03
Operating Income	359.07	287.06	222.13	164.94	131.2
Interest Expense	-108.08	-78.54	-52.6	-40.37	-33.61
Interest & Investment Income	2.54	3.07	2.01	2.83	0.09
Other Non-Operating Income	-	0.05	-	-	-
EBT Excluding Unusual Items	253.52	211.63	171.55	127.4	97.68
Gain (Loss) on Sale of Assets	12.85	5.98	24.17	30.65	9.34
Asset Writedown	-12	-14.85	-3.55	-20.16	-6.12
Total Legal Settlements	-	1.5	-	-	-
Other Unusual Items	-	-	-0.12	-2.14	-4.46
Pretax Income	254.38	204.27	192.05	135.74	96.44
Income Tax Expense	0.64	0.63	0.64	1	0.23
Earnings From Continuing Operations	253.73	203.64	191.42	134.74	96.21
Minority Interest in Earnings	-0.72	-0.63	-0.71	-0.61	-0.49
Net Income	253.01	203	190.71	134.13	95.73
Preferred Dividends & Other Adjustments	0.89	0.47	0.41	0.37	0.31
Net Income to Common	252.12	202.53	190.3	133.76	95.41
Net Income Growth	24.63%	6.45%	42.18%	40.12%	126.45%
Basic Shares Outstanding	196	174	152	135	116
Diluted Shares Outstanding	198	177	154	136	117
Shares Change (YoY)	11.82%	15.37%	13.00%	15.65%	22.11%
EPS (Basic)	1.29	1.16	1.25	0.99	0.82
EPS (Diluted)	1.28	1.15	1.24	0.99	0.82
EPS Growth	11.29%	-7.80%	25.80%	21.15%	86.44%
Dividend Per Share	1.205	1.160	1.120	1.075	1.000
Dividend Growth	3.88%	3.57%	4.19%	7.50%	7.53%
Operating Margin	63.98%	63.85%	61.77%	57.57%	56.99%
Profit Margin	44.92%	45.05%	52.92%	46.69%	41.44%
EBITDA	512.54	408.98	324.08	252.94	199.95
EBITDA Margin	91.33%	90.96%	90.12%	88.28%	86.84%
D&A For Ebitda	153.47	121.92	101.94	88	68.75
EBIT	359.07	287.06	222.13	164.94	131.2
EBIT Margin	63.98%	63.85%	61.77%	57.57%	56.99%
Funds From Operations (FFO)	406.33	334.5	272.9	212.72	162.04
Adjusted Funds From Operations (AFFO)	374.64	307.87	253.4	208.83	158
FFO Payout Ratio	57.57%	59.69%	61.65%	66.61%	69.33%
Effective Tax Rate	0.25%	0.31%	0.33%	0.73%	0.24%
Revenue as Reported	561.22	449.61	359.6	286.51	230.23

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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