Essential Properties Realty Trust, Inc. income statement

In fiscal 2025, Essential Properties Realty Trust, Inc. reported revenue of $561m, up 24.8% on the year before, operating income of $360m (a 64.1% margin) and net income of $253m, or $1.28 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Essential Properties Realty Trust, Inc.: income statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	54	96	139	164	230	287	360	450	561	639
General and administrative	9	14	22	24	24	29	31	35	41	46
Operating income	6	50	80	73	134	175	243	278	360	387
Interest expense	23	30	27	30	34	40	53	79	108	125
Provision for credit losses	—	0	0	1	−0	0	−0	0	0	3
Income before tax	6	21	48	43	96	136	192	204	254	265
Income tax	0	0	0	0	0	1	1	1	1	1
Net income	6	16	42	42	96	134	191	203	253	262
Diluted EPS	—	—	$0.63	$0.44	$0.82	$0.99	$1.24	$1.15	$1.28	$1.23
Diluted shares (average)	—	—	75m	96m	117m	136m	154m	177m	198m	213m
EBITDA	26	75	116	125	196	256	338	394	508	556

US$ millions unless shown otherwise. Fiscal quarters.

Essential Properties Realty Trust, Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	120	129	137	145	150	159	162	169
General and administrative	8	12	11	10	8	12	11	14
Operating income	79	80	88	94	99	90	104	95
Interest expense	24	24	25	28	31	30	30	34
Provision for credit losses	−0	0	−0	0	0	1	3	0
Income before tax	56	56	64	66	68	60	75	61
Income tax	0	0	0	0	0	0	1	0
Net income	55	56	63	66	68	60	74	60
Diluted EPS	$0.31	$0.29	$0.32	$0.33	$0.34	$0.28	$0.34	$0.27
EBITDA	110	113	125	131	138	131	148	139

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Essential Properties Realty Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Essential Properties Realty Trust, Inc.