essential properties realty trust, inc. (nyse: eprt) is a publicly-traded real estate 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 within industries like restaurants; car washes and automotive services; convenience stores and gas stations; medical, dental, and veterinarian services; early childhood education; movie theaters and entertainment; and health and fitness. as of march 31, 2018, essential owned 530 properties occupied by 127 tenants operating 112 different concepts in 15 industries across 42 states.
Company profile
Ticker
EPRT
Exchange
Website
CEO
Peter M. Mavoides
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Essential Properties, L.P. • Essential Properties OP G.P., LLC • SCF TRS LLC • SCFRC-HW LLC • SCFRC-HW-V LLC • SCFRC-HW-G LLC • SCF RC Funding I LLC • SCF RC Funding II LLC • SCF RC Funding III LLC • SCF RC Funding IV LLC ...
EPRT stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
24 Apr 24
8-K
Essential Properties Announces First Quarter 2024 Results
24 Apr 24
8-K
Regulation FD Disclosure
9 Apr 24
ARS
2023 FY
Annual report to shareholders
2 Apr 24
DEFA14A
Additional proxy soliciting materials
2 Apr 24
DEF 14A
Definitive proxy
2 Apr 24
8-K
Other Events
14 Mar 24
424B3
Prospectus supplement
13 Mar 24
424B3
Prospectus supplement
11 Mar 24
8-K
Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.285 per Share for the First Quarter of 2024
7 Mar 24
Transcripts
EPRT
Earnings call transcript
2024 Q1
25 Apr 24
EPRT
Earnings call transcript
2023 Q4
15 Feb 24
EPRT
Earnings call transcript
2023 Q3
26 Oct 23
EPRT
Earnings call transcript
2023 Q2
27 Jul 23
EPRT
Earnings call transcript
2023 Q1
27 Apr 23
EPRT
Earnings call transcript
2022 Q4
16 Feb 23
EPRT
Earnings call transcript
2022 Q3
28 Oct 22
EPRT
Earnings call transcript
2022 Q2
29 Jul 22
EPRT
Earnings call transcript
2022 Q1
28 Apr 22
EPRT
Earnings call transcript
2021 Q4
17 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 42.02 mm | 42.02 mm | 42.02 mm | 42.02 mm | 42.02 mm | 42.02 mm |
Cash burn (monthly) | (no burn) | 8.52 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 58.88 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | -16.86 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | -2.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
94.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 268 |
Opened positions | 43 |
Closed positions | 28 |
Increased positions | 134 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 3.56 tn |
Total shares | 165.72 mm |
Total puts | 126.10 k |
Total calls | 67.40 k |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 27.81 mm | $601.49 bn |
Vanguard | 24.73 mm | $534.92 bn |
STT State Street | 9.90 mm | $216.89 bn |
Wellington Management | 8.39 mm | $181.43 bn |
IVZ Invesco | 6.02 mm | $130.11 bn |
MS Morgan Stanley | 5.86 mm | $126.67 bn |
DB Deutsche Bank AG - Registered Shares | 5.31 mm | $114.76 bn |
FMR | 3.97 mm | $85.83 bn |
T. Rowe Price Investment Management | 3.94 mm | $85.20 bn |
Geode Capital Management | 3.53 mm | $76.34 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Apr 24 | A Joseph Peil | Common Stock | Grant | Acquire A | No | No | 0 | 50 | 0.00 | 76,059 |
12 Apr 24 | Patten Mark E | Common Stock | Grant | Acquire A | No | No | 0 | 141 | 0.00 | 108,377 |
12 Apr 24 | Earnshaw Timothy J | Common Stock | Grant | Acquire A | No | No | 0 | 50 | 0.00 | 44,908 |
12 Apr 24 | Mavoides Peter M. | Common Stock | Grant | Acquire A | No | No | 0 | 1,292 | 0.00 | 556,196 |
26 Mar 24 | Mavoides Peter M. | Common Stock | Sell | Dispose S | No | Yes | 26.01 | 9,188 | 238.98 k | 554,904 |
News
Essential Properties Realty Trust Updates 2024 AFFO Guidance To $1.72-$1.75 per Share
24 Apr 24
Essential Props Realty Q1 FFO $0.42 Misses $0.46 Estimate, Sales $103.50M Beat $101.06M Estimate
24 Apr 24
Citigroup Upgrades Essential Props Realty to Buy, Raises Price Target to $28.5
22 Mar 24
Stifel Maintains Buy on Essential Props Realty, Raises Price Target to $27.5
19 Mar 24
B. Riley Securities Reiterates Buy on Essential Props Realty, Raises Price Target to $29
13 Mar 24
Press releases
Essential Properties Announces First Quarter 2024 Results
24 Apr 24
Essential Properties Realty Trust, Inc. to Report First Quarter 2024 Results on April 24, 2024
28 Mar 24
Taco John's Taps Heather Neary as President and CEO to Usher in New Era of Growth for Popular Quick-Service Mexican Food Franchise
20 Mar 24
Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock
11 Mar 24
Essential Properties Realty Trust, Inc. Announces Public Offering of Common Stock
11 Mar 24