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.
![Essential Properties Realty Trust logo](/files/LOGO/1728951-EPRT.png)
Company profile
Ticker
EPRT
Exchange
Website
CEO
Peter M. Mavoides
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Essential Properties, L.P. • Essential Properties OP G.P., LLC • Cadet 23 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 ...
EPRT stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
24 Jul 24
8-K
Essential Properties Announces Second Quarter 2024 Results
24 Jul 24
8-K
Entry into a Material Definitive Agreement
17 Jul 24
8-K
Other Events
18 Jun 24
424B5
Prospectus supplement for primary offering
17 Jun 24
S-3ASR
Automatic shelf registration
17 Jun 24
8-K
Regulation FD Disclosure
10 Jun 24
8-K
Regulation FD Disclosure
4 Jun 24
8-K
Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.29 per Share, a 1.8% Increase Over Prior Quarter
3 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
14 May 24
Transcripts
EPRT
Earnings call transcript
2024 Q2
25 Jul 24
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 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
Latest ownership filings
4
Mark E Patten
15 Jul 24
4
A Joseph Peil
15 Jul 24
4
Timothy J Earnshaw
15 Jul 24
4
Peter M. Mavoides
15 Jul 24
4
Peter M. Mavoides
9 Jul 24
4
Peter M. Mavoides
3 Jul 24
4
Peter M. Mavoides
20 Jun 24
144
Notice of proposed sale of securities
17 Jun 24
4
Stephen D Sautel
22 May 24
4
Joyce DeLucca
22 May 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
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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) | 24.49 mm | 24.49 mm | 24.49 mm | 24.49 mm | 24.49 mm | 24.49 mm |
Cash burn (monthly) | 18.22 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 16.39 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 8.10 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.4 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 273 |
Opened positions | 88 |
Closed positions | 26 |
Increased positions | 88 |
Reduced positions | 69 |
13F shares | Current |
---|---|
Total value | 4.42 tn |
Total shares | 176.67 mm |
Total puts | 114.00 k |
Total calls | 40.70 k |
Total put/call ratio | 2.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 30.91 mm | $824.03 bn |
Vanguard | 25.38 mm | $676.56 bn |
Wellington Management | 10.25 mm | $273.23 bn |
STT State Street | 9.19 mm | $247.70 bn |
MS Morgan Stanley | 6.96 mm | $185.54 bn |
Deutsche Bank AG - Registered Shares | 6.35 mm | $169.40 bn |
T. Rowe Price Investment Management | 4.56 mm | $121.46 mm |
Geode Capital Management | 3.80 mm | $101.28 bn |
FMR | 3.78 mm | $100.71 bn |
PRU Prudential Financial | 3.48 mm | $92.76 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Jul 24 | Mavoides Peter M. | Common Stock | Grant | Acquire A | No | No | 0 | 1,158 | 0.00 | 501,710 |
12 Jul 24 | Earnshaw Timothy J | Common Stock | Grant | Acquire A | No | No | 0 | 45 | 0.00 | 44,953 |
12 Jul 24 | A Joseph Peil | Common Stock | Grant | Acquire A | No | No | 0 | 45 | 0.00 | 76,104 |
12 Jul 24 | Patten Mark E | Common Stock | Grant | Acquire A | No | No | 0 | 127 | 0.00 | 108,504 |
5 Jul 24 | Mavoides Peter M. | Common Stock | Sell | Dispose S | No | Yes | 28.03 | 12,712 | 356.32 k | 500,552 |
News
Stifel Maintains Buy on Essential Props Realty, Raises Price Target to $32
25 Jul 24
Essential Props Realty Q2 2024 AFFO $0.43 Misses $0.47 Estimate, Sales $109.268M Beat $106.411M Estimate
24 Jul 24
Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter
22 Jul 24
Critical Insights From Essential Props Realty Analyst Ratings: What You Need To Know
18 Jul 24
UBS Maintains Buy on Essential Props Realty, Raises Price Target to $35
18 Jul 24
Press releases
Essential Properties Announces Second Quarter 2024 Results
24 Jul 24
Essential Properties Realty Trust, Inc. Announces New $450 Million 5.5 Year Unsecured Term Loan
11 Jul 24
Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.29 per Share, a 1.8% Increase Over Prior Quarter
3 Jun 24
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 21, 2024
29 May 24