EPRTESSENTIAL PROPERTIES REALTY TRUST, INC.
Real Estate Investment Trusts
- Revenue
- $561M
- 25% YoY
- Operating margin
- 64.1%
- 3.6% YoY
- EBITDA
- $508M
- 29% YoY
- Market cap
- $5.9B
- Employees
- —
- Net debt / EBITDA
- 5.8×
- $3.0B net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo151% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo61% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo5.8× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$5.9B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$2M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $230M | $287M | $360M | $450M | $561M | 25% |
| Operating income | $134M | $175M | $243M | $278M | $360M | 29% |
| Net income | $96M | $134M | $191M | $203M | $253M | 25% |
| Operating cash flow | $167M | $211M | $255M | $308M | $381M | 24% |
| Stock-based comp | $6M | $9M | $9M | $11M | $13M | 22% |
| Dividends | $112M | $142M | $168M | $200M | $234M | 17% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jul 23, 2019 | Eldridge Industries, LLC | SC 13D/A | 0.0% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 3
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.