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Essential Properties Realty Trust (Essential Properties Realty Trust) EBIT : $252.2 Mil (TTM As of Mar. 2024)


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What is Essential Properties Realty Trust EBIT?

Essential Properties Realty Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $62.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $252.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Essential Properties Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 5.42%. Essential Properties Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 339.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Essential Properties Realty Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.95%.


Essential Properties Realty Trust EBIT Historical Data

The historical data trend for Essential Properties Realty Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Essential Properties Realty Trust EBIT Chart

Essential Properties Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 75.37 72.39 130.05 176.11 244.65

Essential Properties Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.34 65.23 58.88 65.20 62.88

Competitive Comparison of Essential Properties Realty Trust's EBIT

For the REIT - Diversified subindustry, Essential Properties Realty Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Essential Properties Realty Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Essential Properties Realty Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Essential Properties Realty Trust's EV-to-EBIT falls into.



Essential Properties Realty Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $252.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Essential Properties Realty Trust  (NYSE:EPRT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Essential Properties Realty Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=258.492 * ( 1 - 0.33% )/( (4650.024 + 4858.25)/ 2 )
=257.6389764/4754.137
=5.42 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4768.261 - 78.43 - ( 39.807 - max(0, 89.636 - 420.477+39.807))
=4650.024

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5013.445 - 76.034 - ( 79.161 - max(0, 87.046 - 460.925+79.161))
=4858.25

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Essential Properties Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=251.504/( ( (0 + max(78.386, 0)) + (0 + max(69.749, 0)) )/ 2 )
=251.504/( ( 78.386 + 69.749 )/ 2 )
=251.504/74.0675
=339.56 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(140.205 + 7.455 + 9.1559999999999) - (78.43 + 0 + -1.4210854715202E-14)
=78.386

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.621 + 1.235 + 0.0029999999999859) - (76.034 + 0 + 0.076000000000008)
=69.749

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Essential Properties Realty Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=252.184/6378.224
=3.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Essential Properties Realty Trust EBIT Related Terms

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Essential Properties Realty Trust (Essential Properties Realty Trust) Business Description

Traded in Other Exchanges
Address
902 Carnegie Center Boulevard, Suite 520, Princeton, NJ, USA, 08540
Essential Properties Realty Trust Inc is a real estate investment trust. It acquires, owns and manages single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses.
Executives
Peter M. Mavoides director, officer: President and CEO 902 CARNEGIE CENTER BLVD., SUITE 520, PRINCETON NJ 08540
Mark E Patten officer: Executive VP and CFO PO BOX 10809, DAYTONA BEACH FL 32120
Timothy J Earnshaw officer: SVP & Chief Accounting Officer 902 CARNEGIE CENTER BLVD., SUITE 520, PRINCETON NJ 08540
Gregg A Seibert officer: Executive VP and COO 902 CARNEGIE CENTER BLVD., SUITE 520, PRINCETON NJ 08540
Lawrence J Minich director 5760 N. CALLE DE LOS CAMARONES, TUSCON AZ 85718
Stephen D Sautel director C/O HORIZON ACQUISITION, 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Scott A Estes director WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Anthony K. Dobkin director 195 BOWERY, 6TH FLOOR, NEW YORK NY 10002
Heather Leed Neary director 973 BUCKWALTER ROAD, LITITZ PA 17543
Paul T Bossidy director 3135 EASTON TURNPIKE, FAIRFIELD CT 06828
Janaki Sivanesan director 575 MADISON AVENUE, NEW YORK NY 10022
Eldridge Industries, Llc 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Todd L Boehly 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Eprt Holdings, Llc 10 percent owner 902 CARNEGIE CENTER BLVD., SUITE 520, PRINCETON NJ 08540
Daniel P Donlan officer: Senior VP - Capital Markets 2021 MCKINNEY AVENUE, SUITE 1150, DALLAS TX 75201