Essential Properties Realty Trust Reports Strong Q1 2025 Results

Essential Properties Realty Trust ( (EPRT) ) has released its Q1 earnings. Here is a breakdown of the information Essential Properties Realty Trust presented to its investors.

Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT) that focuses on acquiring, owning, and managing single-tenant properties net leased on a long-term basis to middle-market companies, primarily in service-oriented or experience-based sectors. The company is headquartered in Princeton, New Jersey, and its common stock is listed on the New York Stock Exchange under the ticker symbol EPRT.

In its latest earnings report for the quarter ended March 31, 2025, Essential Properties Realty Trust reported a strong financial performance with total revenues reaching $129.4 million, a significant increase from $103.5 million in the same period last year. The company also saw a rise in net income attributable to stockholders, which amounted to $56.1 million, compared to $47.0 million in the previous year.

Key financial highlights include a substantial increase in rental revenue, which rose to $121.8 million from $98.5 million year-over-year, and a notable gain on dispositions of real estate, netting $5.0 million. The company also reported an increase in depreciation and amortization expenses, reflecting its growing asset base, and a provision for impairment of real estate amounting to $5.9 million. Essential Properties Realty Trust’s balance sheet showed total assets of $6.1 billion, with stockholders’ equity increasing to $3.8 billion.

Despite the positive financial results, the company recorded a comprehensive loss due to unrealized losses on cash flow hedges. However, the issuance of common stock contributed to an increase in additional paid-in capital, supporting the company’s growth strategy.

Looking ahead, Essential Properties Realty Trust remains focused on expanding its portfolio and enhancing shareholder value through strategic acquisitions and effective management of its real estate assets. The company’s management is optimistic about maintaining its growth trajectory in the coming quarters, supported by a robust pipeline of investment opportunities and favorable market conditions.