Essential Properties Realty Trust, Inc. (EPRT)

EPRT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	499.8	425.75	339.9	269.83	213.33	155.79
Other Revenue	0.7	0.45	1.57	1.18	1.2	0.08
Total Revenue	531.06	449.61	359.6	286.51	230.23	164.01
Revenue Growth (YoY	23.93%	25.03%	25.51%	24.44%	40.38%	17.69%
Property Expenses	6.92	5	4.66	3.45	5.76	3.88
Selling, General & Administrative	40.89	35.16	30.68	29.46	24.33	24.44
Depreciation & Amortization	145.39	122.16	102.22	88.56	69.15	59.45
Provision for Loan Losses	-0.06	-0.23	0.1	-0.09	0.2	-0.83
Total Operating Expenses	193.26	162.55	137.46	121.57	99.03	88.6
Operating Income	337.8	287.06	222.13	164.94	131.2	75.41
Interest Expense	-101.1	-78.54	-52.6	-40.37	-33.61	-29.65
Interest & Investment Income	2.47	3.07	2.01	2.83	0.09	0.49
Other Non-Operating Income	0.05	0.05	-	-	-	-
EBT Excluding Unusual Items	239.22	211.63	171.55	127.4	97.68	46.24
Gain (Loss) on Sale of Assets	13	5.98	24.17	30.65	9.34	5.82
Asset Writedown	-10.52	-14.85	-3.55	-20.16	-6.12	-8.4
Total Legal Settlements	-0.05	1.5	-	-	-	-
Other Unusual Items	-	-	-0.12	-2.14	-4.46	-0.92
Pretax Income	241.65	204.27	192.05	135.74	96.44	42.74
Income Tax Expense	0.64	0.63	0.64	1	0.23	0.21
Earnings From Continuing Operations	241	203.64	191.42	134.74	96.21	42.53
Minority Interest in Earnings	-0.69	-0.63	-0.71	-0.61	-0.49	-0.26
Net Income	240.32	203	190.71	134.13	95.73	42.27
Preferred Dividends & Other Adjustments	0.8	0.47	0.41	0.37	0.31	0.4
Net Income to Common	239.52	202.53	190.3	133.76	95.41	41.87
Net Income Growth	22.16%	6.45%	42.18%	40.12%	126.45%	1.03%
Basic Shares Outstanding	190	174	152	135	116	95
Diluted Shares Outstanding	193	177	154	136	117	96
Shares Change (YoY)	12.78%	15.37%	13.00%	15.65%	22.11%	27.74%
EPS (Basic)	1.26	1.16	1.25	0.99	0.82	0.44
EPS (Diluted)	1.24	1.15	1.24	0.99	0.82	0.44
EPS Growth	8.17%	-7.80%	25.80%	21.15%	86.44%	-30.62%
Dividend Per Share	1.190	1.160	1.120	1.075	1.000	0.930
Dividend Growth	3.48%	3.57%	4.19%	7.50%	7.53%	5.68%
Operating Margin	63.61%	63.85%	61.77%	57.57%	56.99%	45.98%
Profit Margin	45.10%	45.05%	52.92%	46.69%	41.44%	25.53%
EBITDA	483.01	408.98	324.08	252.94	199.95	134.43
EBITDA Margin	90.95%	90.96%	90.12%	88.28%	86.84%	81.96%
D&A For Ebitda	145.21	121.92	101.94	88	68.75	59.02
EBIT	337.8	287.06	222.13	164.94	131.2	75.41
EBIT Margin	63.61%	63.85%	61.77%	57.57%	56.99%	45.98%
Funds From Operations (FFO)	383.75	334.5	272.9	212.72	162.04	104.42
FFO Per Share	-	1.89	1.77	-	-	-
Adjusted Funds From Operations (AFFO)	-	307.87	253.4	208.83	158	107
AFFO Per Share	-	1.74	1.65	-	-	-
FFO Payout Ratio	58.69%	59.69%	61.65%	66.61%	69.33%	82.82%
Effective Tax Rate	0.27%	0.31%	0.33%	0.73%	0.24%	0.50%
Revenue as Reported	531.06	449.61	359.6	286.51	230.23	164.01

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q