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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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.


Essential Properties Realty Trust Inc Company Logo

Stock Chart

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REITMovers


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.

Overall REITRating Score: 8.9

Hightlights of Trading Day August 8, 2022


Open Price: $24.19
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 High: $31.62
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%
YTD Price Change: -15.04%
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


Dividend Yield: 4.459%*
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


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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.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: N/A
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
Profit Margin: 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
Beta: 0.80
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


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Properties Owned by EPRT


EPRT Sample Property

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


Below are the Earnings Press Releases for EPRT. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 Essential Properties Announces First Quarter 2022 Results
2021 Q4 Essential Properties Announces Fourth Quarter and Full Year 2021 Results
2021 Q3 Essential Properties Announces Third Quarter 2021 Results
2021 Q2 Essential Properties Announces Second Quarter 2021 Results

Financial Statements Overview


The next Earnings Report for EPRT is 2022-10-31

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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Last updated: 2022-08-09 - v3.4