Essential Properties Realty Trust Inc (N:EPRT)

Business Focus: N/A

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 902 Carnegie Center Blvd., Suite 520
PRINCETON NJ 08540
Tel: N/A
Website: https://essentialproperties.com
IR: See website
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Key People
Peter M. Mavoides
President, Chief Executive Officer, Director
Mark E. Patten
Chief Financial Officer, Executive Vice President, Treasurer, Secretary
 
Business Overview
Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The Company has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Company's portfolio consists of about 1,873 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.8x. In addition, the Company's portfolio is leased to about 374 tenants operating 588 different concepts in 16 industries across 48 states.
Financial Overview
For the fiscal year ended 31 December 2023, Essential Properties Realty Trust Inc revenues increased 26% to $359.6M. Net income applicable to common stockholders increased 42% to $190.3M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 13% to $1.78, NAREIT FFO - Per Share - Diluted - Total increase of 13% to $1.77, Rental revenue increase of 26% to $339.9M.
Employees: 40 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $6,412M as of Dec 31, 2023
Annual revenue (TTM): $359.59M as of Dec 31, 2023
EBITDA (TTM): $325.73M as of Dec 31, 2023
Net annual income (TTM): $190.30M as of Dec 31, 2023
Free cash flow (TTM): -$913.28M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,629M as of Dec 31, 2023
Shares outstanding: 166,102,747 as of Feb 14, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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