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XNYS
EPRT
Market cap6.37bUSD
May 16, Last price
32.27USD
1D
0.81%
1Q
3.20%
IPO
137.28%
Name
Essential Properties Realty Trust Inc
Chart & Performance
P/E
31.40
P/S
14.18
EPS
1.03
Div Yield, %
2.68%
Shrs. gr., 5y
18.65%
Rev. gr., 5y
26.40%
Revenues
450m
+25.03%
Net income
203m
+6.45%
CFO
308m
+21.18%
Dividend
Sep 30, 20240.29 USD/sh
Earnings
Jul 22, 2025
Profile
Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | |||||||||
Revenues | 449,610 25.03% | 359,595 25.51% | 286,506 24.44% | ||||||
Cost of revenue | 40,158 | 38,889 | 32,916 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 409,452 | 320,706 | 253,590 | ||||||
NOPBT Margin | 91.07% | 89.19% | 88.51% | ||||||
Operating Taxes | 628 | 636 | 998 | ||||||
Tax Rate | 0.15% | 0.20% | 0.39% | ||||||
NOPAT | 408,824 | 320,070 | 252,592 | ||||||
Net income | 203,004 6.45% | 190,707 42.18% | 134,130 40.12% | ||||||
Dividends | (199,663) | (168,231) | (141,691) | ||||||
Dividend yield | 3.60% | 4.29% | 4.44% | ||||||
Proceeds from repurchase of equity | 570,243 | 507,318 | 401,432 | ||||||
BB yield | -10.29% | -12.93% | -12.59% | ||||||
| Debt | |||||||||
Debt current | 1,641 | 8,979 | |||||||
Long-term debt | 2,138,917 | 1,691,030 | 1,432,329 | ||||||
Deferred revenue | 1,503,262 | ||||||||
Other long-term liabilities | 7,585 | 30,442 | (1,500,988) | ||||||
Net debt | 2,098,204 | 1,652,864 | 1,347,471 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 308,484 | 254,574 | 211,022 | ||||||
CAPEX | (728,727) | ||||||||
Cash from investing activities | (1,123,168) | (857,125) | (706,078) | ||||||
Cash from financing activities | 810,699 | 580,014 | 506,798 | ||||||
FCF | 14,648 | 649,498 | (8,994) | ||||||
| Balance | |||||||||
Cash | 40,713 | 39,807 | 62,345 | ||||||
Long term investments | 31,492 | ||||||||
Excess cash | 18,232 | 21,827 | 79,512 | ||||||
Stockholders' equity | (86,092) | (91,457) | (66,534) | ||||||
Invested Capital | 5,794,021 | 4,790,366 | 3,995,336 | ||||||
ROIC | 7.73% | 7.29% | 6.89% | ||||||
ROCE | 7.17% | 6.83% | 6.44% | ||||||
| EV | |||||||||
Common stock shares outstanding | 177,115 | 153,522 | 135,856 | ||||||
Price | 31.28 22.38% | 25.56 8.90% | 23.47 -18.59% | ||||||
Market cap | 5,540,163 41.19% | 3,924,019 23.07% | 3,188,538 -5.85% | ||||||
EV | 7,646,816 | 5,585,306 | 4,544,519 | ||||||
EBITDA | 531,375 | 422,650 | 341,935 | ||||||
EV/EBITDA | 14.39 | 13.21 | 13.29 | ||||||
Interest | 78,544 | 52,597 | 40,370 | ||||||
Interest/NOPBT | 19.18% | 16.40% | 15.92% | ||||||