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
Property Revenue	527.53	425.75	339.9	269.83	213.33
Service and Other Revenue	33.69	23.86	19.7	16.68	16.91
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
Total Property Expenses	7.58	5	4.66	3.45	5.76
Gross Profit	553.64	444.61	354.93	283.05	224.47
Selling, General & Admin	40.86	35.16	30.68	29.46	24.33
Depreciation & Amortization Expenses	153.6	122.16	102.22	88.56	69.15
Other Operating Expenses	12.11	15.08	3.45	20.25	5.92
Operating Income	347.07	272.22	218.59	144.78	125.08
Net Gains on Disposal of Properties	12.85	5.98	24.17	30.65	9.34
Interest Income	2.54	3.07	2.01	2.83	0.09
Interest Expense	-108.08	-78.54	-52.6	-40.37	-33.61
Other Non-Operating Income (Expense)	-	1.55	-0.12	-2.14	-4.46
Total Non-Operating Income (Expense)	-92.7	-67.95	-26.54	-9.04	-28.64
Pretax Income	254.38	204.27	192.05	135.74	96.44
Provision for Income Taxes	0.64	0.63	0.64	1	0.23
Net Income	253.01	203	190.71	134.13	95.73
Minority Interest in Earnings	0.72	0.63	0.71	0.61	0.49
Net Income to Common	253.01	203	190.71	134.13	95.73
Net Income Growth	24.63%	6.45%	42.18%	40.12%	126.45%
Shares Outstanding (Basic)	196	174	152	135	116
Shares Outstanding (Diluted)	198	177	154	136	117
Shares Change (YoY)	11.82%	15.37%	13.00%	15.66%	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	11.30%	-7.26%	25.25%	20.73%	86.36%
Shares Outstanding	209.7	187.54	164.64	142.38	124.65
Free Cash Flow	-830.68	-781.49	-746.16	-577.06	-684.18
Free Cash Flow Per Share	-4.19	-4.41	-4.86	-4.25	-5.82
Dividends Per Share	1.205	1.160	1.120	1.075	1.000
Dividend Growth	3.88%	3.57%	4.19%	7.50%	7.53%
Gross Margin	98.65%	98.89%	98.70%	98.80%	97.50%
Operating Margin	61.84%	60.54%	60.79%	50.53%	54.33%
Profit Margin	45.21%	45.29%	53.23%	47.03%	41.79%
FCF Margin	-148.01%	-173.81%	-207.50%	-201.41%	-297.17%
EBITDA	502.53	396.42	322.59	236.82	197.3
EBITDA Margin	89.54%	88.17%	89.71%	82.66%	85.70%
EBIT	347.07	272.22	218.59	144.78	125.08
EBIT Margin	61.84%	60.54%	60.79%	50.53%	54.33%
Effective Tax Rate	0.25%	0.31%	0.33%	0.74%	0.24%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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