Essential Properties Realty Trust Inc

Symbol: EPRT
CIK: 1728951
Exchange: NYSE
Founded: 2016 (3 years)
HQ: Princeton, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail
Internally Managed REIT

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Rating Dividend Section - Analysis Description Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last 3 years. 4.9
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.1
N/A Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 5.4
N/A Dividend to Payout Ratio Trend: Analysis of the REIT’s Dividend to Payout Ratios trend during the last two years. 4.5
N/A AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 5.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Previous Trading Day 2019-05-21

Closing Price: $21.14
Price Change: 0.44 (2.126%)
Lowest Price: $20.71
Highest Price: $21.19

52-Week Low: $13.05
52-Week High: $21.19

5 Day Price Change: N/A
1 Month Price Change: 11.20%
3 Month Price Change: 29.45%
1 Year Price Change: 54.99%
2 Year Price Change: 54.99%
5 Year Price Change: 54.99%

See historical stock prices for EPRT

Dividend of Previous Trading Day 2019-05-21

See complete list of dividend paymemts for EPRT

Dividend Yield: N/A
Annualized Dividend: N/A
Ex Dividend Date: N/A

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)

Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter.
FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.

Stock Price to FFO & AFFO Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.

As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).

Key Stats of Previous Trading Day 2019-05-21

52-Week Low: $13.05
52-Week High: $21.19 [Compare]
P/E Ratio: N/A [Compare]
P/E Ratio High: N/A [Compare]
P/E Ratio Low: N/A [Compare]
Market Cap: $1,222,430,224 [Compare]
Shares Outstanding: 57,825,460 [Compare]
Float: 56,908,468 [Compare]
Latest Volume: 441,479 [Compare]
Avg. Total Volume: 531,750 [Compare]
Beta: 0.92 [Compare]
Return On Equity (ROE): 4.03% [Compare]
Return On Assets (ROA): 1.61% [Compare]
Number Of Estimates: 5.0
Revenue Per Share: N/A [Compare]
Revenue Per Employee: N/A [Compare]
Profit Margin: 26.49%
Price To Sales: 11.23 [Compare]
Price To Book: 1.510 [Compare]
Short Ratio: 0.690 [Compare]
Latest EPS Date: 2018-12-31
Consensus EPS: 0.270
50-Day Moving Avg.: $19.61
200-Day Moving Avg.: $15.80
Held by Insiders: 2.10%
Held by Institution: 98.10%*

*Percentage held by top 15 institutions.

Fundamental Ratios of Previous Quarter Results 2019-03-31

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Properties Owned by EPRT

Properties owned:
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
EPRT Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History

Below are the most recent cash dividends paid by EPRT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for EPRT.

Symbol Quarter Ex Date Cash Amount Change in Dividend

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 1,580,530,000.00 1,380,900,000.00 1,354,960,000.00 1,312,409,000.00
Cash and Equivalents 114,023,000.00 16,239,000.00 74,080,000.00 140,031,000.00
Investments 15,708,000.00 17,505,000.00 14,456,000.00 13,517,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 1,424,112,000.00 1,325,189,000.00 1,249,163,000.00 1,144,731,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 16,615,000.00 14,255,000.00 11,213,000.00 9,015,000.00
Trade and Non-Trade Payables 0.00 0.00 0.00 0.00
Goodwill and Intangible Assets 0.00 0.00 0.00 0.00
Total Liabilities 541,039,000.00 569,859,000.00 540,068,000.00 527,965,000.00
Shareholders Equity 792,037,000.00 562,179,000.00 564,547,000.00 532,214,000.00
Accumulated Retained Earnings (Deficit) -13,673,000.00 -7,659,000.00 -4,253,000.00 222,000.00
Accumulated Other Comprehensive Income 0.00 0.00 0.00 0.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 504,727,000.00 540,116,000.00 507,481,000.00 508,821,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 31,107,000.00 28,650,000.00 25,742,000.00 21,693,000.00
Cost of Revenue 1,247,000.00 759,000.00 494,000.00 380,000.00
Selling, General and Administrative Expense 4,188,000.00 3,890,000.00 3,529,000.00 2,987,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 14,748,000.00 13,377,000.00 13,062,000.00 11,505,000.00
Interest Expense 6,998,000.00 6,507,000.00 5,908,000.00 8,634,000.00
Income Tax Expense 67,000.00 52,000.00 26,000.00 87,000.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 8,723,000.00 8,300,000.00 7,707,000.00 3,499,000.00
Net Income to Non-Controlling Interests 2,594,000.00 2,519,000.00 2,383,000.00 99,000.00
Net Income 6,129,000.00 5,781,000.00 5,324,000.00 3,400,000.00
Preferred Dividends Income Statement Impact 0.00 0.00 0.00 0.00
Net Income Common Stock 6,129,000.00 5,781,000.00 5,324,000.00 3,400,000.00
Earnings per Basic Share 0.13 0.13 0.12 0.01
Earnings per Diluted Share 0.13 0.13 0.12 0.01
Weighted Average Shares 45,240,247.00 43,826,332.00 42,364,754.00 40,976,901.00
Weighted Average Shares Diluted 64,640,054.00 63,036,994.00 61,472,675.00 60,033,453.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure -114,043,000.00 -104,958,000.00 -127,004,000.00 0.00
Net Cash Flow - Business Acquisitions and Disposals 0.00 0.00 0.00 0.00
Net Cash Flow - Investment Acquisitions and Disposals 10,295,000.00 15,084,000.00 12,679,000.00 0.00
Net Cash Flow from Financing 186,550,000.00 15,148,000.00 33,436,000.00 0.00
Issuance (Repayment) of Debt Securities -35,965,000.00 32,059,000.00 -1,916,000.00 0.00
Issuance (Purchase) of Equity Shares 235,704,000.00 -3,083,000.00 35,373,000.00 0.00
Payment of Dividends & Other Cash Distributions -13,189,000.00 -14,068,000.00 0.00 0.00
Net Cash Flow from Investing -105,748,000.00 -90,124,000.00 -114,594,000.00 0.00
Net Cash Flow from Operations 16,982,000.00 17,135,000.00 15,207,000.00 0.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents 97,784,000.00 -57,841,000.00 -65,951,000.00 0.00
Share Based Compensation 1,242,000.00 1,042,000.00 1,051,000.00 0.00
Depreciation, Amortization & Accretion 9,120,000.00 8,509,000.00 8,764,000.00 0.00

About Essential Properties Realty Trust Inc

Essential Properties is a privately held real estate operating company based in Princeton, NJ, that owns, acquires, and manages single-tenant net lease (STNL) properties. By utilizing sale-leaseback transactions, Essential provides growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential primarily targets tenants that operate service-oriented and experience-based businesses including: Restaurants; Car Washes and Automotive Services; Convenience Stores and Gas Stations; Medical, Dental, and Veterinarian Services; Early Childhood Education; Movie Theaters and Entertainment; Health and Fitness, and others. As of September 30, 2018, the Company’s portfolio consisted of 645 freestanding net lease properties with a weighted average lease term of 14.3 years and a weighted average rent coverage ratio of 2.8x. As of the same date, the Company’s portfolio was 99.8% leased to 153 tenants operating 162 different concepts in 15 distinct industries across 42 states.

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