Essential Properties Realty Trust, Inc. (EPRT) Financial Statements (2024 and earlier)

Company Profile

Business Address 902 CARNEGIE CENTER BLVD.
PRINCETON, NJ 08540
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62,34559,75826,6028,3044,236
Cash and cash equivalents62,34559,75826,6028,3044,236
Total current assets:62,34559,75826,6028,3044,236
Noncurrent Assets
Operating lease, right-of-use asset7,3007,4006,4004,800
Property, plant and equipment3,703,8543,048,9312,264,82712,1281,325
Intangible assets, net (including goodwill)53,23059,01057,44560,49952,779
Intangible assets, net (excluding goodwill)53,23059,01057,44560,49952,779
Total noncurrent assets:3,764,3843,115,3412,328,67277,42754,104
Other undisclosed assets173,304123,696133,5281,889,7161,322,560
TOTAL ASSETS:4,000,0333,298,7952,488,8021,975,4471,380,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Derivative instruments and hedges, liabilities2,27411,83838,912  
Total current liabilities:2,27411,83838,912  
Noncurrent Liabilities
Other undisclosed liabilities1,500,9881,243,154867,942773,334569,859
Total liabilities:1,503,2621,254,992906,854773,334569,859
Equity
Equity, attributable to parent2,488,2612,036,5661,574,7581,194,450562,179
Common stock1,4241,2461,064838431
Additional paid in capital2,563,3052,151,0881,688,5401,223,043569,407
Accumulated other comprehensive income (loss)40,719(14,786)(37,181)(1,949) 
Accumulated deficit(117,187)(100,982)(77,665)(27,482)(7,659)
Equity, attributable to noncontrolling interest8,5107,2377,1907,663248,862
Total equity:2,496,7712,043,8031,581,9481,202,113811,041
TOTAL LIABILITIES AND EQUITY:4,000,0333,298,7952,488,8021,975,4471,380,900

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues286,506230,234164,009139,35796,223
Operating leases, income statement, lease revenue94,944
Cost of revenue(3,540)(5,762)(4,711)(30,107)(32,172)
Cost of goods and services sold(3,452)(5,762)(3,881)(3,070)(1,980)
Gross profit:282,966224,472159,298109,25064,051
Operating expenses(138,190)(99,595)(92,289)(67,408)(49,617)
Other undisclosed operating income30,6479,5425,82110,9325,445
Operating income:175,423134,41972,83052,77419,879
Interest and debt expense(42,508)(38,075)(29,651)(27,037)(30,192)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (439)22,59131,122
Income from continuing operations before equity method investments, income taxes:132,91596,34442,74048,32820,809
Other undisclosed income from continuing operations before income taxes2,82594   
Income from continuing operations before income taxes:135,74096,43842,74048,32820,809
Income tax expense(998)(227)(212)(303)(195)
Income from continuing operations:134,74296,21142,52848,02520,614
Income before gain (loss) on sale of properties:96,21142,52848,02520,614
Net income:134,74296,21142,52848,02520,614
Net loss attributable to noncontrolling interest(612)(486)(255)(6,181)(5,001)
Net income attributable to parent:134,13095,72542,27341,84415,613
Undistributed earnings (loss) allocated to participating securities, basic(374)(311)(404)(493) 
Net income available to common stockholders, basic:133,75695,41441,86941,35115,613
Other undisclosed net income available to common stockholders, diluted6124862556,181 
Net income available to common stockholders, diluted:134,36895,90042,12447,53215,613

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:134,74296,21142,52848,02520,614
Other comprehensive income (loss)56,76222,508(35,445)(2,905) 
Comprehensive income:191,504118,7197,08345,12020,614
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,869)(599)(255)(6,181)(5,001)
Other undisclosed comprehensive income, net of tax, attributable to parent   213956 
Comprehensive income, net of tax, attributable to parent:189,635118,1207,04139,89515,613

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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