Essential Properties Realty Trust (EPRT) Financial Statements & Analysis

Essential Properties Realty Trust (EPRT) Income Statement

Essential Properties Realty Trust reported revenue of $561.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 24.8% from $449.61M a year earlier. Net income was $253.01M, up 24.6% year over year, a net margin of 45.1%. Gross margin was 98.7% and operating margin 61.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $208.02M, up 51.8% from the same quarter a year earlier.

Essential Properties Realty Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Essential Properties Realty Trust, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	561.22	449.61	359.60	286.51	230.23	164.01	139.36	96.22	54.50
Cost of Revenue	7.58	5.00	4.66	3.45	5.76	3.88	3.07	1.98	1.55
Gross Profit	553.64	444.61	354.93	283.05	224.47	160.13	136.29	94.24	52.95
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	40.86	35.16	30.68	29.46	24.33	24.44	21.75	13.76	8.94
Operating Expenses	194.57	157.55	112.18	118.11	90.05	87.30	56.48	45.11	28.45
Operating Income	347.07	287.06	242.75	164.94	125.08	72.83	79.81	19.87	24.50
Other Income/Expense
Interest Income	2.54	3.07	2.01	2.83	0.09	0.49	0.79	0.93	0.05
Interest Expense	108.08	78.54	52.60	40.37	33.61	29.65	27.04	30.19	22.57
Other Income/Expense	-92.70	-7.32	-50.70	8.35	-28.64	-30.09	-31.48	-29.26	-18.15
Income
Income Before Tax	254.38	204.27	192.05	135.74	96.44	42.74	48.33	20.81	6.46
Income Tax Expense	0.64	0.63	0.64	1.00	0.23	0.21	0.30	0.20	0.16
Net Income	253.01	203.00	190.71	134.13	95.73	42.27	41.84	15.61	6.30
Net Income - Continuous Operations	253.73	203.64	190.71	134.74	95.73	42.27	41.84	15.61	6.30
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	512.54	404.97	352.05	264.67	199.95	131.84	118.64	80.82	44.55
EBIT	359.07	282.81	244.65	176.11	131.20	-	-	-	-
Depreciation & Amortization	153.47	122.16	101.94	88.56	68.75	59.42	43.28	47.54	30.38
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	1.00	-	1.00	-	-
Diluted EPS	1.00	1.00	1.00	1.00	1.00	-	1.00	-	-
Basic Shares Outstanding	196.05	173.86	152.14	134.94	116.36	95.31	64.10	42.63	40.98
Diluted Shares Outstanding	198.05	177.12	153.52	135.86	117.47	96.20	75.31	43.75	40.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Essential Properties Realty Trust Financial Statements

What was Essential Properties Realty Trust's revenue in fiscal 2025?

Essential Properties Realty Trust reported revenue of $561.22M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 24.8% from $449.61M a year earlier.

Is Essential Properties Realty Trust profitable?

Yes. Essential Properties Realty Trust earned net income of $253.01M in fiscal 2025, a net margin of 45.1%. In fiscal 2024 it earned $203.00M.

What is Essential Properties Realty Trust's operating margin?

Essential Properties Realty Trust's operating income was $347.07M on revenue of $561.22M in fiscal 2025, an operating margin of 61.8%, compared with 63.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition