Financials Essential Properties Realty Trust, Inc.

Stocks

EPRT

US29670E1073

Diversified REITs

Market Closed - NYSE Other stock markets 16:00:03 2026-07-02 EDT			5-day change	1st Jan Change
31.18 ^USD	+3.90%		+2.57%	+5.12%

06-18	Scotiabank Upgrades Essential Properties Realty Trust to Sector Outperform From Sector Perform, Adjusts PT to $33 From $34	MT
06-04	Essential Properties Realty Trust Prices $400 Million Senior Notes Offering	MT

Projected Income Statement: Essential Properties Realty Trust, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	230.2	286.5	359.6	449.6	561.2	665.4	776.6	874.9
Change	-	24.44%	25.51%	25.03%	24.82%	18.57%	16.7%	12.66%
EBITDA ¹	195.9	251.4	324.2	410.8	512.7	603.9	706.4	807.7
Change	-	28.32%	28.99%	26.69%	24.81%	17.8%	16.97%	14.33%
EBIT ¹	126.7	162.8	168	288.6	359.1	413	486.7	546.1
Change	-	28.45%	3.19%	71.79%	24.41%	15.01%	17.86%	12.2%
Interest Paid ¹	-33.61	-40.37	-52.6	-78.54	-108.1	-125.2	-158	-189.7
Earnings before Tax (EBT) ¹	96.44	135.7	192.1	204.3	254.4	293.5	341.5	384.6
Change	-	40.75%	41.48%	6.36%	24.53%	15.36%	16.39%	12.6%
Net income ¹	95.72	134.1	190.7	203	253	285.5	332.1	370
Change	-	40.12%	42.18%	6.45%	24.63%	12.84%	16.32%	11.41%
Announcement Date	2/16/22	2/15/23	2/14/24	2/12/25	2/11/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1
Net sales ¹	57.07	59.6	65.02	70.12	71.45	70.66	74.28	83.69	86.52	91.66	97.73	103.5	109.3	117.1	119.7	129.4	137.1	144.9	149.9	158.8	163.5	170.3	177.2	184.9	191.7	198.5	205.6	208.9
Change	-	4.44%	9.08%	7.85%	1.89%	-1.1%	5.11%	12.67%	3.38%	5.94%	6.63%	5.9%	5.57%	7.2%	2.2%	8.06%	5.96%	5.74%	3.4%	5.96%	2.99%	4.15%	4.04%	4.33%	3.67%	3.55%	3.58%	1.62%
EBITDA ¹	45.13	52.63	57.46	58.85	63.48	62	67.03	76.96	77.78	83.07	89.1	93.15	101	106.7	109.9	115.5	124.9	132.8	139.4	144.4	148	154.5	161.8	166	171.8	178.2	185.4	193
Change	-	16.63%	9.17%	2.42%	7.87%	-2.35%	8.12%	14.81%	1.06%	6.8%	7.25%	4.55%	8.38%	5.72%	3.02%	5.06%	8.16%	6.28%	5%	3.53%	2.54%	4.41%	4.68%	2.6%	3.48%	3.77%	4.01%	4.09%
EBIT ¹	27.94	35.28	38.5	38.54	41.41	39.94	42.91	53.14	53.04	56.86	44.59	64.62	71.02	75.85	77.12	80.52	86.35	93.81	98.38	101.2	103.4	108	112.9	116.9	122.1	126.9	132.2	135.6
Change	-	26.24%	9.13%	0.1%	7.45%	-3.55%	7.44%	23.83%	-0.19%	7.21%	-21.58%	44.93%	9.9%	6.79%	1.67%	4.41%	7.24%	8.65%	4.87%	2.83%	2.18%	4.5%	4.52%	3.55%	4.4%	3.99%	4.13%	2.58%
Charge d'intérêts ¹	-7.811	-8.955	-9.17	-9.16	-9.19	-9.892	-12.13	-12.13	-12.07	-12.63	-15.76	-15.6	-17.36	-21.63	-23.96	-23.79	-25	-28.35	-30.94	-29.95	-30.25	-31.87	-33.84	-37.51	-39.63	-41.29	-42.41	-
Earnings before Tax (EBT) ¹	23.46	27.7	29.84	27.12	36.09	36.78	35.75	43.21	53.16	46.25	49.44	47.28	51.83	49.45	55.7	56.44	63.53	65.97	68.43	60.11	74.54	77.56	81.38	84.99	84.03	87.87	93.71	97.85
Change	-	18.07%	7.74%	-9.13%	33.07%	1.92%	-2.8%	20.86%	23.03%	-13%	6.89%	-4.36%	9.63%	-4.59%	12.64%	1.32%	12.56%	3.85%	3.74%	-12.16%	24.01%	4.05%	4.93%	4.44%	-1.13%	4.57%	6.64%	4.42%
Net income ¹	23.28	27.51	29.64	26.7	35.65	36.43	35.35	42.9	52.8	45.91	49.1	46.98	51.52	49.14	55.37	56.11	63.21	65.62	68.07	59.79	73.21	76.13	80.06	83.22	83.1	86.93	92.48	97.42
Change	-	18.14%	7.75%	-9.92%	33.54%	2.17%	-2.96%	21.35%	23.09%	-13.04%	6.93%	-4.32%	9.67%	-4.61%	12.69%	1.33%	12.66%	3.81%	3.73%	-12.16%	22.45%	3.98%	5.17%	3.94%	-0.14%	4.61%	6.38%	5.34%
Announcement Date	7/28/21	11/1/21	2/16/22	4/27/22	7/28/22	10/27/22	2/15/23	4/26/23	7/26/23	10/25/23	2/14/24	4/24/24	7/24/24	10/23/24	2/12/25	4/23/25	7/23/25	10/22/25	2/11/26	4/22/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Essential Properties Realty Trust, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	1,114	1,430	1,631	2,085	2,460	2,874	3,414	3,857
Change	-	28.37%	14.06%	27.84%	17.99%	16.85%	18.79%	12.98%
Announcement Date	2/16/22	2/15/23	2/14/24	2/12/25	2/11/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Essential Properties Realty Trust, Inc.

Fiscal Period: December	2024	2025	2026	2027	2028
CAPEX ¹	1,093	1,210	1,263	1,320	895.3
Change	-	10.67%	4.39%	4.55%	-32.17%
Free Cash Flow (FCF) ¹	-	-828.4	-	-	-
Change	-	-	100%	-	-
Announcement Date	2/12/25	2/11/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Essential Properties Realty Trust, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	85.08%	87.73%	90.17%	91.36%	91.35%	90.76%	90.96%	92.32%
EBIT Margin (%)	55.05%	56.82%	46.72%	64.19%	63.98%	62.06%	62.68%	62.42%
EBT Margin (%)	41.89%	47.38%	53.41%	45.43%	45.33%	44.1%	43.98%	43.96%
Net margin (%)	41.58%	46.82%	53.03%	45.15%	45.08%	42.91%	42.77%	42.29%
FCF margin (%)	-	-	-	-	-147.61%	-	-	-
FCF / Net Income (%)	-	-	-	-	-327.43%	-	-	-
Profitability
ROA	-	-	-	3.84%	4%	3.99%	4.18%	4.3%
ROE	5.3%	5.93%	6.98%	6.21%	6.52%	6.52%	6.73%	7%
Financial Health
Leverage (Debt/EBITDA)	5.69x	5.69x	5.03x	5.08x	4.8x	4.76x	4.83x	4.78x
Debt / Free cash flow	-	-	-	-	-2.97x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	243.07%	215.52%	189.74%	169.98%	102.34%
CAPEX / EBITDA (%)	-	-	-	266.05%	235.93%	209.06%	186.86%	110.85%
CAPEX / FCF (%)	-	-	-	-	-146%	-	-	-
Items per share
Cash flow per share ¹	1.425	1.553	-	1.742	1.924	2.245	2.437	2.577
Change	-	9%	-	-	10.47%	16.7%	8.53%	5.74%
Dividend per Share ¹	1	1.075	1.12	1.16	1.205	1.278	1.329	1.367
Change	-	7.5%	4.19%	3.57%	3.88%	6.03%	4.02%	2.85%
Book Value Per Share ¹	16.34	17.48	-	19	21.42	21.9	22.28	23.11
Change	-	6.96%	-	-	12.74%	2.24%	1.74%	3.71%
EPS ¹	0.82	0.99	1.24	1.15	1.28	1.305	1.391	1.455
Change	-	20.73%	25.25%	-7.26%	11.3%	1.94%	6.61%	4.57%
Nbr of stocks (in thousands)	121,555	142,368	156,024	175,332	198,145	216,246	216,246	216,246
Announcement Date	2/16/22	2/15/23	2/14/24	2/12/25	2/11/26	-	-	-