← ESSENTIAL PROPERTIES REALTY TRUST, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $54.4m |
$96.2m
+76.72%
|
$139.4m
+44.83%
|
$164.0m
+17.69%
|
$230.2m
+40.38%
|
$286.5m
+24.44%
|
$359.6m
+25.51%
|
$449.6m
+25.03%
|
$561.2m
+24.82%
|
$615.5m
+9.67%
|
|
| Rental revenue | $53.4m | $94.9m | $135.7m | $155.8m | $213.3m | $269.8m | $339.9m | $425.7m | $527.5m | — | |
| Other revenue, net | $783k | $623k | $663k | $81k | $1.2m | $1.2m | $1.6m | $452k | $2.1m | — | |
| General and administrative | $8.8m | $13.8m | $21.7m | $24.4m | $24.3m | $29.5m | $30.7m | $35.2m | $40.9m | $41.9m | |
| Income from operations | $6.4m |
$19.9m
+210.22%
|
$52.8m
+165.48%
|
$72.8m
+38.00%
|
$134.4m
+84.57%
|
$175.4m
+30.50%
|
$242.8m
+38.38%
|
$278.2m
+14.60%
|
$359.9m
+29.38%
|
$394.5m
+9.61%
|
|
| Interest expense | — | ($30.2m) | ($27.0m) | ($29.7m) | ($33.6m) | ($40.4m) | ($52.6m) | ($78.5m) | ($108.1m) | $119.5m | |
| Interest income | $49k | $930k | $794k | $485k | $94k | $2.8m | $2.0m | $3.1m | $2.5m | $2.2m | |
| Gain on dispositions of real estate, net | $6.7m | $5.4m | $10.9m | $5.8m | $9.3m | $30.6m | $24.2m | $6.0m | $12.8m | — | |
| Other income | — | — | — | — | — | $0 | $0 | $1.5m | $0 | — | |
| Income before income tax expense | $6.5m | $20.8m | $48.3m | $42.7m | $96.4m | $135.7m | $192.1m | $204.3m | $254.4m | $269.6m | |
| Income tax expense | $161k | $195k | $303k | $212k | $227k | $998k | $636k | $628k | $644k | $1.1m | |
| Net income | $6.3m |
$20.6m
+227.41%
|
$48.0m
+132.97%
|
$42.5m
-11.45%
|
$96.2m
+126.23%
|
$134.7m
+40.05%
|
$191.4m
+42.06%
|
$203.6m
+6.39%
|
$253.7m
+24.60%
|
$266.6m
+5.07%
|
|
| Net income attributable to non-controlling interests | — | ($5.0m) | ($6.2m) | ($255k) | ($486k) | ($612k) | ($708k) | ($634k) | ($718k) | — | |
| Net income attributable to stockholders | $6.3m | $15.6m | $41.8m | $42.3m | $95.7m | $134.1m | $190.7m | $203.0m | $253.0m | $266.6m | |
| Basic net income per share (in USD per share) | — | — | $1 | $0 | $1 | $1 | $1 | $1 | $1 | — | |
| Diluted net income per share (in USD per share) | — | — | $1 | $0 | $1 | $1 | $1 | $1 | $1 | — | |
| Basic weighted average shares outstanding (in shares) | — | — | 64.1m | 95.3m | 116.4m | 134.9m | 152.1m | 173.9m | 196.1m | — | |
| Diluted weighted average shares outstanding (in shares) | — | — | 75.3m | 96.2m | 117.5m | 135.9m | 153.5m | 177.1m | 198.1m | — | |
| Interest on loans and direct financing lease receivables | $293k | $656k | $3.0m | $8.1m | $15.7m | $15.5m | $18.1m | $23.4m | $31.6m | — | |
| Property expenses | $1.5m | $2.0m | $3.1m | $3.9m | $5.8m | $3.5m | $4.7m | $5.0m | $7.6m | — | |
| Depreciation and amortization | $19.5m | $31.4m | $42.7m | $59.4m | $69.1m | $88.6m | $102.2m | $122.2m | $153.6m | $169.3m | |
| Provision for impairment of real estate | $2.4m | $4.5m | $2.9m | $8.4m | $6.1m | $20.2m | $3.5m | $14.8m | $12.0m | — | |
| Change in provision for credit losses | — | — | — | $830k | ($204k) | $88k | ($99k) | $230k | $108k | — | |
| Loss on debt extinguishment | — | — | ($5.2m) | ($924k) | ($4.5m) | ($2.1m) | ($116k) | $0 | $0 | — | |
| Total expenses | $54.8m | $81.8m | $97.5m | $97.0m | $105.2m | $141.7m | $141.0m | $177.4m | $214.1m | $214.6m |