EPRT - Essential Properties Realty Trust, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$36.64
DETAILS
HIGH:
$40.00
LOW:
$34.00
MEDIAN:
$36.50
CONSENSUS:
$36.64
UPSIDE:
16.95%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 561.9 | 449.6 | 359.6 | 286.5 | 230.2 | 164.0 | 139.4 | 96.2 | 54.5 | 15.5 |
| Cost of Revenue | 89.6 | 5.0 | 4.7 | 3.5 | 5.8 | 3.9 | 3.1 | 2.0 | 1.5 | 6.0 |
| Gross Profit | 472.3 | 444.6 | 354.9 | 283.1 | 224.5 | 160.1 | 136.3 | 94.2 | 53.0 | 9.6 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 40.9 | 35.2 | 30.7 | 29.5 | 24.3 | 24.4 | 21.7 | 13.8 | 8.9 | 0 |
| Other Expenses | 68.9 | 131.3 | 81.5 | 78.2 | 65.7 | 62.9 | 34.7 | 31.4 | 19.5 | (1.4) |
| Operating Expenses | 109.8 | 166.4 | 112.2 | 107.6 | 90.1 | 87.3 | 56.5 | 45.1 | 28.5 | 13.6 |
| Operating Income | ||||||||||
| Operating Income | 362.5 | 278.2 | 242.8 | 175.4 | 134.4 | 72.8 | 79.8 | 19.9 | 24.5 | 5.2 |
| Interest Expense | 115.3 | 78.5 | 52.6 | 40.4 | 33.6 | 29.7 | 27.0 | 30.2 | 22.6 | 0 |
| Interest Income | 19.1 | 3.1 | 2.0 | 2.8 | 0.1 | 0.5 | 0.8 | 0.9 | 0.0 | 1.3 |
| Profitability | ||||||||||
| EBITDA | 519.0 | 405.0 | 352.1 | 253.5 | 199.9 | 131.8 | 118.6 | 80.8 | 44.5 | 10.6 |
| EBIT | 365.4 | 282.8 | 249.8 | 164.9 | 131.2 | 72.4 | 75.4 | 51.0 | 29.0 | 5.2 |
| Income Before Tax | 254.4 | 204.3 | 192.1 | 135.7 | 96.4 | 42.7 | 48.3 | 20.8 | 6.5 | 3.8 |
| Income Tax Expense | 0.6 | 0.6 | 0.6 | 1.0 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0 |
| Net Income | 253.0 | 203.0 | 190.7 | 134.1 | 95.7 | 42.3 | 41.8 | 15.6 | 6.3 | 3.8 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.29 | 1.16 | 1.25 | 0.99 | 0.82 | 0.44 | 0.65 | 0.37 | 0.47 | 0.09 |
| EPS (Diluted) | 1.28 | 1.15 | 1.24 | 0.99 | 0.82 | 0.44 | 0.63 | 0.36 | 0.47 | 0.09 |
| Shares Outstanding | 199.9 | 173.9 | 152.1 | 134.9 | 116.4 | 95.3 | 64.1 | 42.6 | 41.0 | 41.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 60.2 | 40.7 | 39.8 | 62.3 | 59.8 | 26.6 | 8.3 | 4.2 | 7.2 | 1.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 631.8 | 525.5 | 107.5 | 341.6 | 272.9 | 54.3 | 37.3 | 31.8 | 8.2 | 1.2 |
| Inventory | 0 | 10.0 | 7.5 | 4.8 | 15.4 | 0 | 1.2 | 17.5 | 4.2 | 0 |
| Other Current Assets | (39.5) | (25.7) | 16.6 | 9.2 | 0 | 23.4 | 93.8 | 19.7 | 15.2 | 10.7 |
| Total Current Assets | 652.5 | 580.4 | 164.0 | 417.9 | 348.1 | 104.4 | 156.6 | 55.7 | 32.1 | 13.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 4,277.8 | 0 | 0 | 2,172.3 | 1,758.3 | 1,272.4 | 854.3 | 396.2 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 99.2 | 94.0 | 89.2 | 0 | 88.0 | 57.4 | 78.9 | 66.4 | 62.5 | 55.9 |
| Long-Term Investments | 6,158.2 | 50.2 | 31.0 | 0 | 0 | 5.8 | 2.6 | (2,653.3) | (1,796.5) | (862.5) |
| Other Non-Current Assets | (6,158.2) | 5,074.0 | (10.4) | 3,582.1 | 2,862.7 | 148.9 | 1,739.9 | 1,258.8 | 847.6 | 396.7 |
| Total Non-Current Assets | 99.2 | 5,218.2 | 4,347.8 | 3,582.1 | 2,950.7 | 2,384.4 | 1,818.8 | 1,325.2 | 910.1 | 452.5 |
| Total Assets | 6,863.0 | 5,798.7 | 4,768.3 | 4,000.0 | 3,298.8 | 2,488.8 | 1,975.4 | 1,380.9 | 942.2 | 466.3 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 9.5 | 9.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | (9.5) | (9.1) | (11.6) | (12.7) | 25.7 | 11.6 | (11.6) | 217.6 | (16.4) |
| Total Current Liabilities | 106.4 | 90.8 | 71.0 | 68.7 | 64.8 | 33.7 | 36.8 | 18.1 | 6.9 | 2.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,511.7 | 2,117.5 | 1,668.6 | 1,420.8 | 1,165.7 | 854.2 | 731.0 | 540.1 | 741.6 | 272.8 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 9.6 | 11.6 | 12.3 | 16.4 |
| Other Non-Current Liabilities | 26.2 | 7.6 | 30.4 | 2.3 | 11.8 | 10.2 | (2.0) | 0 | (242.1) | (16.4) |
| Total Non-Current Liabilities | 2,548.7 | 2,135.8 | 1,710.3 | 1,434.6 | 1,190.2 | 873.2 | 736.5 | 551.7 | 754.0 | 289.2 |
| Total Liabilities | 2,655.1 | 2,226.6 | 1,781.3 | 1,503.3 | 1,255.0 | 906.9 | 773.3 | 569.9 | 760.8 | 291.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 2.1 | 1.9 | 1.6 | 1.4 | 1.2 | 1.1 | 0.8 | 0.4 | 181.4 | 174.7 |
| Retained Earnings | (109.3) | (113.3) | (105.5) | (117.2) | (101.0) | 0 | (27.5) | (7.7) | 181.4 | 174.7 |
| Accumulated Other Comprehensive Income | (21.0) | 16.9 | 4.0 | 40.7 | (14.8) | (114.8) | (1.9) | 811.0 | 181.4 | 174.7 |
| Total Stockholders' Equity | 4,200.0 | 3,563.7 | 2,978.6 | 2,488.3 | 2,036.6 | 1,574.8 | 1,194.5 | 562.2 | 181.4 | 174.7 |
| Total Liabilities & Equity | 6,863.0 | 5,798.7 | 4,768.3 | 4,000.0 | 3,298.8 | 2,488.8 | 1,975.4 | 1,380.9 | 942.2 | 466.3 |
| Debt Metrics | ||||||||||
| Total Debt | 2,522.5 | 2,128.2 | 1,691.0 | 1,443.9 | 1,191.1 | 863.0 | 726.9 | 540.1 | 741.6 | 272.8 |
| Net Debt | 2,462.3 | 2,087.5 | 1,651.2 | 1,381.5 | 1,131.3 | 836.4 | 718.6 | 535.9 | 734.4 | 271.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 253.7 | 203.6 | 191.4 | 134.7 | 96.2 | 42.5 | 48.0 | 20.6 | 6.3 | 3.8 |
| Depreciation & Amortization | 153.5 | 121.9 | 101.9 | 88.3 | 69.9 | 59.4 | 43.3 | 31.7 | 20.0 | 5.4 |
| Stock-Based Compensation | 13.2 | 10.8 | 9.0 | 9.5 | 5.7 | 6.1 | 6.2 | 2.4 | 0.8 | 0 |
| Change in Working Capital | 0.9 | (6.2) | (5.2) | 0.6 | 16.6 | (7.8) | 2.4 | (2.4) | 1.8 | 1.9 |
| Other Non-Cash Items | (40.2) | (21.7) | (42.6) | (22.1) | (19.2) | (8.8) | (11.4) | (5.9) | (2.3) | 10.3 |
| Operating Cash Flow | 381.1 | 308.5 | 254.6 | 211.0 | 167.4 | 99.4 | 88.6 | 45.9 | 22.5 | 10.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.7) | (0.0) | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0.0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | (985.8) | (616.2) | (2.1) | (0.5) | (0.3) | (293.6) |
| Sales/Maturities of Investments | 128.6 | 96.9 | 128.6 | 126.6 | 58.4 | 82.9 | 66.8 | 60.4 | 53.6 | 16.5 |
| Other Investing Activities | (1,282.6) | (1,220.1) | (985.7) | (832.7) | 97.7 | (12.2) | (672.5) | (521.8) | (517.7) | (2.1) |
| Investing Cash Flow | (1,154.0) | (1,123.2) | (857.1) | (706.1) | (829.7) | (545.5) | (607.8) | (461.9) | (464.4) | (279.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 390.7 | 444.6 | 248.0 | 253.5 | 346.8 | 86.1 | 184.6 | 26.2 | 472.5 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (233.9) | (199.7) | (168.2) | (141.7) | (112.3) | (86.5) | (63.9) | (14.1) | (101.2) | (7.5) |
| Other Financing Activities | (16.0) | (4.5) | (7.0) | (8.9) | (3.7) | (2.8) | (8.0) | (188.5) | 78.1 | 290.6 |
| Financing Cash Flow | 798.4 | 810.7 | 580.0 | 506.8 | 689.1 | 457.8 | 524.4 | 412.8 | 449.4 | 280.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 25.4 | (4.0) | (22.5) | 11.7 | 26.8 | 11.7 | 5.1 | (3.2) | 7.5 | 11.9 |
| Cash at Beginning | 45.0 | 49.0 | 71.5 | 59.8 | 33.0 | 21.3 | 16.2 | 19.4 | 11.9 | 0 |
| Cash at End | 70.4 | 45.0 | 49.0 | 71.5 | 59.8 | 33.0 | 21.3 | 16.2 | 19.4 | 11.9 |
| Free Cash Flow | 381.1 | 308.5 | 254.6 | 211.0 | 167.4 | 99.4 | 88.6 | 44.2 | 22.4 | 10.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 561.9 | 449.6 | 359.6 | 286.5 | 230.2 | 164.0 | 139.4 | 96.2 | 54.5 | 15.5 |
| Gross Profit | 472.3 | 444.6 | 354.9 | 283.1 | 224.5 | 160.1 | 136.3 | 94.2 | 53.0 | 9.6 |
| Operating Income | 362.5 | 278.2 | 242.8 | 175.4 | 134.4 | 72.8 | 79.8 | 19.9 | 24.5 | 5.2 |
| Net Income | 253.0 | 203.0 | 190.7 | 134.1 | 95.7 | 42.3 | 41.8 | 15.6 | 6.3 | 3.8 |
| EPS (Diluted) | 1.28 | 1.15 | 1.24 | 0.99 | 0.82 | 0.44 | 0.63 | 0.36 | 0.47 | 0.09 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 60.2 | 40.7 | 39.8 | 62.3 | 59.8 | 26.6 | 8.3 | 4.2 | 7.2 | 1.8 |
| Total Assets | 6,863.0 | 5,798.7 | 4,768.3 | 4,000.0 | 3,298.8 | 2,488.8 | 1,975.4 | 1,380.9 | 942.2 | 466.3 |
| Total Debt | 2,522.5 | 2,128.2 | 1,691.0 | 1,443.9 | 1,191.1 | 863.0 | 726.9 | 540.1 | 741.6 | 272.8 |
| Stockholders' Equity | 4,200.0 | 3,563.7 | 2,978.6 | 2,488.3 | 2,036.6 | 1,574.8 | 1,194.5 | 562.2 | 181.4 | 174.7 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 381.1 | 308.5 | 254.6 | 211.0 | 167.4 | 99.4 | 88.6 | 45.9 | 22.5 | 10.5 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.7) | (0.0) | 0 |
| Free Cash Flow | 381.1 | 308.5 | 254.6 | 211.0 | 167.4 | 99.4 | 88.6 | 44.2 | 22.4 | 10.5 |