Essential Properties Realty Trust Inc | REIT Profile
Symbol: EPRT
CIK: 1728951
Exchange: NYSE
Founded: 2016 (6 years)
HQ: Princeton, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail
Internally Managed REIT
See EPRT on Google Finance
See EPRT on Yahoo Finance
See EPRT on SEC.gov
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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.
Stock Chart
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REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $24.08 | $24.31 | $24.01 | $24.18 | $24.22 | $24.22 | 153,557 | -$0.14 | -0.58% | $3,217,621,324 | N/A | $31.62 | $19.48 | -14.66% |
Last update: 2022-08-09 09:01:54 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Hightlights of Trading Day August 8, 2022
Closing Price: $24.22
Price Change: 0.27 (1.127%)
Lowest Price: $23.99
Highest Price: $24.43
52-Week Low: $19.48
52-Week Change: -17.26%
5 Day Price Change: -0.71%
1 Month Price Change: 9.61%
3 Month Price Change: 6.50%
6 Month Price Change: -3.03%
1 Year Price Change: -17.26%
2 Year Price Change: 46.88%
5 Year Price Change: 111.74%
Dividend of Trading Day August 8, 2022
Annualized Dividend: $1.08*
Dividend Yield (TTM): 5.284%
Annualized Dividend (TTM): $1.2655
Ex-Dividend Date: 2022-06-29
Dividend Frequency: Quarterly
*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. This graph does not include extraordinary dividend.
Latest News Headlines
- Essential Properties Realty Trust, Inc. - Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Primary Public Offering of Common Stock - Tue, 02 Aug 2022 02:00:17 UTC
- Essential Properties Realty Trust, Inc. - Essential Properties Realty Trust, Inc. Announces Primary Public Offering of Common Stock - Mon, 01 Aug 2022 20:02:20 UTC
- Essential Properties Realty Trust, Inc. - Essential Properties Announces Second Quarter 2022 Results - Thu, 28 Jul 2022 20:31:29 UTC
- Essential Properties Realty Trust, Inc. - Essential Properties Realty Trust, Inc. to Report Second Quarter 2022 Results on July 28, 2022 - Mon, 11 Jul 2022 20:44:20 UTC
- Essential Properties Realty Trust, Inc. - Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.27 per Share, a 3.8% Increase Over Prior Quarter - Mon, 06 Jun 2022 10:00:42 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for EPRT.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2022 | Q1 | FFO | $--- | $--- | ---% |
| 2022 | Q1 | AFFO | $--- | $--- | ---% |
| 2021 | Q4 | FFO | $--- | $--- | ---% |
| 2021 | Q4 | AFFO | $--- | $--- | ---% |
REITNotes uses 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.
Key Stats of Trading Day August 8, 2022
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 33
Debt to Equity Ratio (D/E): N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $3,236,328,425
Latest Volume: 684,163
Avg. Total Volume: 1,057,015
Avg. 10-Day Volume: 2,393,881
Avg. 30-Day Volume: 1,057,015
TTM EPS: N/A
Shares Outstanding: 133,622,148
Float: N/A
50-Day Moving Avg.: $22.46
200-Day Moving Avg.: $23.55
Latest REIT Community Comments on #EPRT
- I hope you got out of your #EPRT position before if further caved today. - Mrinvesta - 2021-05-12 20:03:53 - See full comment
- I bought #EPRT at $24.32 this morning and it’s up 1% already, I’ll wait for it to rebound to 2%. - Value finder - 2021-05-11 10:29:32 - See full comment
- Glad to see #EPRT is continuing its fast growth. More money for me! I believe they are still a cheap buy at the current price. - MakeMoneyGrow - 2021-04-23 12:38:10 - See full comment
Properties Owned by EPRT
Sample of REIT’s Properties. Image Source - REIT’s website
Properties Based on Earnings Report's 10-K
Occupancy Rate
Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $26.24 per share you would have been able to buy 38 shares of EPRT on 2021-08-09 costing $997.12 | @ $26.24 per share you would have been able to buy 19 shares of EPRT on 2021-08-09 costing $498.56 | @ $26.24 per share you would have been able to buy 9 shares of EPRT on 2021-08-09 costing $236.16 | @ $26.24 per share you would have been able to buy 3 shares of EPRT on 2021-08-09 costing $78.72 | @ $26.24 per share you would have been able to buy 1 shares of EPRT on 2021-08-09 costing $26.24 |
| Current worth | On 2022-08-08 these 38 shares would be worth $920.36 @ $24.22 | On 2022-08-08 these 19 shares would be worth $460.18 @ $24.22 | On 2022-08-08 these 9 shares would be worth $217.98 @ $24.22 | On 2022-08-08 these 3 shares would be worth $72.66 @ $24.22 | On 2022-08-08 these 1 shares would be worth $24.22 @ $24.22 |
| Dividends earned | $39.52 in dividends would have been earned since 2021-08-09 with 38 shares. | $20 in dividends would have been earned since 2021-08-09 with 19 shares. | $9.36 in dividends would have been earned since 2021-08-09 with 9 shares. | $3.12 in dividends would have been earned since 2021-08-09 with 3 shares. | $1.04 in dividends would have been earned since 2021-08-09 with 19 shares. |
| Net (gain / loss)* | -37.24 USD | -18.62 USD | -8.82 USD | -2.94 USD | -0.98 USD |
| ROI** | -3.73% | -3.73% | -3.73% | -3.73% | -3.73% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by EPRT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| EPRT | 2022-06-29 | 0.270 | 3.85% | 2022-06-02 | 2022-06-30 | 2022-07-14 |
| EPRT | 2022-03-30 | 0.260 | --- | 2022-03-14 | 2022-03-31 | 2022-04-13 |
| EPRT | 2021-12-30 | 0.260 | 4.00% | 2021-12-06 | 2021-12-31 | 2022-01-13 |
| EPRT | 2021-09-29 | 0.250 | --- | 2021-09-02 | 2021-09-30 | 2021-10-14 |
| EPRT | 2021-06-29 | 0.250 | 4.17% | 2021-06-03 | 2021-06-30 | 2021-07-15 |
| EPRT | 2021-03-30 | 0.240 | --- | 2021-03-09 | 2021-03-31 | 2021-04-15 |
| EPRT | 2020-12-30 | 0.240 | 4.35% | 2020-12-03 | 2020-12-31 | 2021-01-15 |
| EPRT | 2020-09-29 | 0.230 | --- | 2020-09-08 | 2020-09-30 | 2020-10-15 |
| EPRT | 2020-06-29 | 0.230 | --- | 2020-06-15 | 2020-06-30 | 2020-07-15 |
| EPRT | 2020-03-30 | 0.230 | --- | 2020-03-18 | 2020-03-31 | 2020-04-15 |
| EPRT | 2019-12-30 | 0.230 | 4.55% | 2019-12-09 | 2019-12-31 | 2020-01-15 |
| EPRT | 2019-09-27 | 0.220 | --- | 2019-09-09 | 2019-09-30 | 2019-10-15 |
| EPRT | 2019-06-27 | 0.220 | 4.76% | 2019-06-07 | 2019-06-28 | 2019-07-15 |
| EPRT | 2019-03-28 | 0.210 | --- | 2019-03-08 | 2019-03-29 | 2019-04-16 |
| EPRT | 2018-12-28 | 0.210 | -6.25% | 2018-12-10 | 2018-12-31 | 2019-01-14 |
| EPRT | 2018-09-27 | 0.224 | --- | 2018-09-05 | 2018-09-28 | 2018-10-12 |
Earnings Press Releases
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Current Cash | 109,504,000 | 214,072,000 | 21,319,000 | 26,222,000 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 1,792,000 | 1,528,000 | 1,211,000 | 0 |
| Current Assets | 0 | 0 | 0 | 0 |
| Current Assets (Other) | 0 | 0 | 0 | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Long-term Investments | 0 | 0 | 0 | 0 |
| Property, Plant & Equipment Net | 4,500,000 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Other Assets | 24,364,000 | 15,701,000 | 17,170,000 | 18,357,000 |
| Net Tangible Assets | 1,351,085,000 | 1,348,390,000 | 1,194,450,000 | 1,093,362,000 |
| Total Assets | 2,247,242,000 | 2,305,446,000 | 1,975,447,000 | 1,805,478,000 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Liabilities (Other) | 83,185,000 | 78,143,000 | 46,412,000 | 44,603,000 |
| Current Liabilities (Other) | 21,545,000 | 21,295,000 | 19,395,000 | 17,652,000 |
| Total Current Liabilities | 0 | 0 | 0 | 0 |
| Current Long-term Debt | 1,967,000 | 2,932,000 | 3,885,000 | 1,175,000 |
| Long-term Debt | 803,054,000 | 867,560,000 | 723,037,000 | 658,671,000 |
| Total Liabilities | 888,859,000 | 949,666,000 | 773,334,000 | 704,449,000 |
| Minority Interest | 63,000 | 84,000 | 105,000 | 861,000 |
| Common Stock | 93,024,022 | 91,949,849 | 83,761,151 | 79,672,970 |
| Retained Earnings | -45,915,000 | -34,878,000 | -27,482,000 | -22,733,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 1,440,828,000 | 1,422,169,000 | 1,223,043,000 | 1,120,300,000 |
| Shareholder Equity | 1,351,085,000 | 1,348,390,000 | 1,194,450,000 | 1,093,362,000 |
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Total Revenue | 35,959,000 | 41,710,000 | 39,767,000 | 36,679,000 |
| Cost of Revenue | 15,047,000 | 13,940,000 | 13,195,000 | 11,877,000 |
| Gross Profit | 20,912,000 | 27,770,000 | 26,572,000 | 24,802,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 0 | 0 | 0 | 0 |
| Operating Expense | 19,237,000 | 21,476,000 | 19,053,000 | 19,407,000 |
| Operating Income | 16,722,000 | 20,234,000 | 20,814,000 | 17,172,000 |
| Income Expense Net (Other) | -6,208,000 | -6,160,000 | -6,094,000 | -3,000,000 |
| EBIT | 16,722,000 | 20,234,000 | 20,814,000 | 17,172,000 |
| Interest Income | 5,911,000 | 6,501,000 | 6,976,000 | 7,201,000 |
| Pretax Income | 10,514,000 | 14,074,000 | 14,720,000 | 14,172,000 |
| Income Tax | 70,000 | 31,000 | 94,000 | 66,000 |
| Minority Interest | 63,000 | 84,000 | 105,000 | 861,000 |
| Net Income | 10,304,000 | 13,829,000 | 14,405,000 | 13,135,000 |
| Net Income Basic | 10,304,000 | 13,829,000 | 14,405,000 | 13,135,000 |
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|
| Net Income | 10,304,000 | 13,829,000 | 14,405,000 | 13,135,000 |
| Depreciation | 14,475,000 | 13,567,000 | 12,459,000 | 11,436,000 |
| Changes in Receivables | 0 | 0 | 0 | 0 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | -104,568,000 | 192,753,000 | -4,903,000 | 8,278,000 |
| Cash Flow | 10,105,000 | 26,349,000 | 27,657,000 | 25,074,000 |
| Capital Expenditures | 0 | 0 | 0 | 0 |
| Investments | -35,813,000 | -139,324,000 | -151,391,000 | -124,924,000 |
| Investing Activity (Other) | -8,435,000 | -8,924,000 | -35,867,000 | -35,337,000 |
| Total Investing Cash Flows | -44,184,000 | -148,182,000 | -182,428,000 | -160,236,000 |
| Dividends Paid | -21,295,000 | -19,395,000 | -17,652,000 | -16,917,000 |
| Net Borrowings | -65,965,000 | 136,022,000 | 65,877,000 | 86,840,000 |
| Cash Flow Financing | -70,489,000 | 314,586,000 | 149,868,000 | 143,440,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 9 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.7 |
| 3 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.7 |
| 10 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.7 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 10 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 8.8 |
| 10 | AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| 9 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 10 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.5 |
| Rating | Leverage Section | Avg. Rating |
| 8 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.5 |
| 10 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.9 |
| 8 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.6 |
| 10 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.4 |
| 9 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 9 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 7.2 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.7 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.0 |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.4 |
| 10 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 8.2 |
| Rating | Market Cap Section | Avg. Rating |
| 3 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.0 |
| 8.9 | Overall REITRating™ Score (See trend) | 6.1 |
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.
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|---|---|---|---|---|---|
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| Broadstone Net Lease, Inc. (BNL) | 6.8 | NYSE | Mid-Cap | Industrial Health Care Office Retail | United States |
| Federal Realty Investment Trust (FRT) | 7.9 | NYSE | Mid-Cap | Retail | United States |
| Four Corners Property Trust, Inc. (FCPT) | 8.3 | NYSE | Mid-Cap | Retail | United States |
Last updated: 2022-08-09 - v3.4