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 |
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 |