EPRT (Essential Properties Realty Trust) Operating Income : $303.0 Mil (TTM As of Mar. 2025)

View and export this data going back to 2018. Start your Free Trial

What is Essential Properties Realty Trust Operating Income?

Essential Properties Realty Trust's Operating Income for the three months ended in Mar. 2025 was $80.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was $303.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Essential Properties Realty Trust's Operating Income for the three months ended in Mar. 2025 was $80.5 Mil. Essential Properties Realty Trust's Revenue for the three months ended in Mar. 2025 was $129.4 Mil. Therefore, Essential Properties Realty Trust's Operating Margin % for the quarter that ended in Mar. 2025 was 62.25%.

Good Sign:

Essential Properties Realty Trust Inc operating margin is expanding. Margin expansion is usually a good sign.

Essential Properties Realty Trust's 5-Year average Growth Rate for Operating Margin % was 5.80% per year.

Operating Income or EBIT 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. 2025 was 5.54%. Essential Properties Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 306.95%.

Essential Properties Realty Trust Operating Income Historical Data

The historical data trend for Essential Properties Realty Trust's Operating Income 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 Operating Income Chart

Essential Properties Realty Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

Get a 7-Day Free Trial

75.41

131.20

164.94

222.13

287.06

Essential Properties Realty Trust Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Operating Income	Get a 7-Day Free Trial															64.62	69.48	75.85	77.12	80.52

Essential Properties Realty Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $303.0 Mil.

Essential Properties Realty Trust (NYSE:EPRT) Operating Income Explanation

1. Operating Income or EBIT 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. 2025 is calculated as:

	ROC % (Q: Mar. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Mar. 2025 ))	/ count )
=	322.068 * ( 1 - 0.28% )	/	( (5667.216	+	5925.368)	/ 2 )
=	321.1662096	/	5796.292
=	5.54 %

where

	Invested Capital		(Q: Dec. 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	))
=	5798.682	-	90.753	-	( 40.713	-	max(0, 90.753	-	580.446	+	40.713	))
=	5667.216

	Invested Capital		(Q: Mar. 2025 )
=	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	))
=	6056.913	-	84.542	-	( 47.003	-	max(0, 84.542	-	598.457	+	47.003	))
=	5925.368

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) 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. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Mar. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	320.928	/	( ( (0 + max(96.914, 0))	+	(0 + max(112.196, 0)) )	/	2 )
=	320.928	/	( ( 96.914	+	112.196 )	/	2 )
=	320.928	/	104.555
=	306.95 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(173.384	+	10.018	+	4.265)	-	(90.753	+	0	+	0)
=	96.914

	Working Capital		(Q: Mar. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(193.292	+	3.446	+	-1.1368683772162E-13)	-	(84.542	+	0	+	0)
=	112.196

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Essential Properties Realty Trust's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	80.517	/	129.354
	=	62.25 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Essential Properties Realty Trust Operating Income Related Terms

Thank you for viewing the detailed overview of Essential Properties Realty Trust's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Essential Properties Realty Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essential Properties Realty Trust Inc (NYSE:EPRT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

902 Carnegie Center Boulevard, Suite 520, Princeton, NJ, USA, 08540

Website

https://www.essentialproperties.com

Essential Properties Realty Trust Inc is a real estate investment trust. It is an internally managed real estate company 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. The Company generally invests in and leases freestanding, single-tenant commercial real estate facilities where a tenant services its customers and conducts activities that are essential to the generation of the tenant's sales and profits.

Executives

Stephen D Sautel	director	C/O HORIZON ACQUISITION, 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
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
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