Essential Properties Realty Trust (EPRT) financial statements
Essential Properties Realty Trust reported revenue of $561M in fiscal 2025, up 33.9% a year over 8 years.
Net income was $253M and the operating margin 64.1%, against 11.8% in 2017.
The diluted share count rose 163% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Essential Properties Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54M | $96M | $139M | $164M | $230M | $287M | $360M | $450M | $561M |
| Selling, general and admin | $9M | $14M | $22M | $24M | $24M | $29M | $31M | $35M | $41M |
| Operating income | $6M | $50M | $80M | $73M | $134M | $175M | $243M | $278M | $360M |
| Interest expense | $23M | $30M | $27M | $30M | $34M | $40M | $53M | $79M | $108M |
| Pre-tax income | $6M | $21M | $48M | $43M | $96M | $136M | $192M | $204M | $254M |
| Income tax | $161,000 | $195,000 | $303,000 | $212,000 | $227,000 | $998,000 | $636,000 | $628,000 | $644,000 |
| Net income | $6M | $16M | $42M | $42M | $96M | $134M | $191M | $203M | $253M |
| EPS (diluted) | — | — | $0.63 | $0.44 | $0.82 | $0.99 | $1.24 | $1.15 | $1.28 |
| Diluted shares | — | — | 75M | 96M | 117M | 136M | 154M | 177M | 198M |
| Operating margin | 11.8% | 52.0% | 57.3% | 44.4% | 58.4% | 61.2% | 67.5% | 61.9% | 64.1% |
| Net margin | 11.6% | 16.2% | 30.0% | 25.8% | 41.6% | 46.8% | 53.0% | 45.2% | 45.1% |
Balance sheet
Fiscal years, from Essential Properties Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $4M | $8M | $27M | $60M | $62M | $40M | $41M | $60M |
| Total assets | $942M | $1.4B | $2.0B | $2.5B | $3.3B | $4.0B | $4.8B | $5.8B | $6.9B |
| Total liabilities | $761M | $570M | $773M | $907M | $1.3B | $1.5B | $1.8B | $2.2B | $2.7B |
| Shareholders' equity | $181M | $562M | $1.2B | $1.6B | $2.0B | $2.5B | $3.0B | $3.6B | $4.2B |
| Net debt | -$7M | -$4M | -$8M | -$27M | -$60M | -$62M | -$40M | -$41M | -$60M |
Cash flow
Fiscal years, from Essential Properties Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $22M | $46M | $89M | $99M | $167M | $211M | $255M | $308M | $381M |
| Capital spending | $48,000 | $2M | — | — | — | — | — | — | — |
| Free cash flow | $22M | $44M | — | — | — | — | — | — | — |
| Stock-based compensation | — | $2M | $6M | $6M | $6M | $9M | $9M | $11M | $13M |
| Dividends paid | — | $14M | $64M | $86M | $112M | $142M | $168M | $200M | $234M |
| Net borrowing | — | — | $450M | — | — | — | — | — | — |
| Free cash flow margin | 41.2% | 46.0% | — | — | — | — | — | — | — |
| Dividends per share | — | — | $0.85 | $0.90 | $0.96 | $1.04 | $1.10 | $1.13 | $1.18 |
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What was Essential Properties Realty Trust's revenue in 2025?
$561M in fiscal 2025, from its 10-K filing.
From Essential Properties Realty Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.