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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,10614,10870,95862,345136,30317,993
Cash and cash equivalents36,10614,10870,95862,345136,30317,993
Derivative instruments and hedges, assets      27,645
Total current assets:36,10614,10870,95862,345136,30345,638
Noncurrent Assets
Operating lease, right-of-use asset7,3007,7008,3007,3007,5007,100
Property, plant and equipment4,298,7354,114,4463,871,3143,703,8543,498,8873,358,506
Intangible assets, net (including goodwill)47,78549,57051,21653,23055,58954,595
Intangible assets, net (excluding goodwill)47,78549,57051,21653,23055,58954,595
Total noncurrent assets:4,353,8204,171,7163,930,8303,764,3843,561,9763,420,201
Other undisclosed assets122,255126,998134,559173,304155,266121,637
TOTAL ASSETS:4,512,1814,312,8224,136,3474,000,0333,853,5453,587,476
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Derivative instruments and hedges, liabilities6606576,0242,27413123
Total current liabilities:6606576,0242,27413123
Noncurrent Liabilities
Other undisclosed liabilities1,673,7311,504,9051,499,6961,500,9881,349,8301,319,379
Total liabilities:1,674,3911,505,5621,505,7201,503,2621,349,8431,319,502
Equity
Equity, attributable to parent2,829,2152,798,7282,622,2012,488,2612,496,1432,260,529
Common stock1,5601,5521,4881,4241,4241,327
Additional paid in capital2,885,8252,863,8572,712,7972,563,3052,561,1242,346,037
Accumulated other comprehensive income49,42242,78525,98240,71946,87024,134
Accumulated deficit(107,592)(109,466)(118,066)(117,187)(113,275)(110,969)
Equity, attributable to noncontrolling interest8,5758,5328,4268,5107,5597,445
Total equity:2,837,7902,807,2602,630,6272,496,7712,503,7022,267,974
TOTAL LIABILITIES AND EQUITY:4,512,1814,312,8224,136,3474,000,0333,853,5453,587,476

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues91,65786,51683,68774,27670,66371,446
Cost of revenue(1,296)(1,152)(843)(736)(800)(935)
Cost of goods and services sold(1,359)(1,144)(843)(784)(830)(828)
Gross profit:90,36185,36482,84473,54069,86370,511
Operating expenses(33,551)(33,129)(33,084)(40,252)(30,271)(35,358)
Other undisclosed operating income1,85912,5474,94412,5656,32910,094
Operating income:58,66964,78254,70445,85345,92145,247
Interest and debt expense(12,749)(12,071)(12,133)(12,128)(9,892)(9,190)
Income from continuing operations before equity method investments, income taxes:45,92052,71142,57133,72536,02936,057
Other undisclosed income from continuing operations before income taxes3304486382,02575230
Income from continuing operations before income taxes:46,25053,15943,20935,75036,78136,087
Income tax expense(162)(159)(153)(229)(190)(275)
Income from continuing operations:46,08853,00043,05635,52136,59135,812
Income before gain (loss) on sale of properties:36,59135,812
Net income:46,08853,00043,05635,52136,59135,812
Net loss attributable to noncontrolling interest(174)(198)(160)(171)(163)(159)
Net income attributable to parent:45,91452,80242,89635,35036,42835,653
Undistributed earnings (loss) allocated to participating securities, basic(101)(102)(101)(94)(93)(97)
Net income available to common stockholders, basic:45,81352,70042,79535,25636,33535,556
Other undisclosed net income available to common stockholders, diluted174198160171163159
Net income available to common stockholders, diluted:45,98752,89842,95535,42736,49835,715

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income:46,08853,00043,05635,52136,59135,812
Other comprehensive income (loss)6,66116,865(14,828)(5,219)22,83610,184
Comprehensive income:52,74969,86528,22830,30259,42745,996
Comprehensive loss, net of tax, attributable to noncontrolling interest(198)(260)(69)(1,103)(263)(115)
Comprehensive income, net of tax, attributable to parent:52,55169,60528,15929,19959,16445,881

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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