Essential Properties Realty Trust, Inc. EPRT
We are an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. 10-K, Item 1
- Headquarters
- Princeton, NJ
- CEO
- Peter M. Mavoides
- Next results
- around Feb 10, 2027
EPRT among Real estate peers
Six ratios from the latest 10-K. Each corner is the share of 89 peers the company is above, not a score.
What changed
3 new risk paragraphs. 10-K filed Feb 11, 2026 against Feb 12, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 8 checks found nothing to note
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Cash from operations $381.1M vs net income $253.0M (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: GRANT THORNTON LLP
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No statement of substantial doubt about going concern
5 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
3 paragraphs in Risk Factors that were not in the 10-K filed Feb 12, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 12, 2025 10-K, ITEM 1A
At any given time, any tenant may experience a downturn in its business, including as a result of adverse economic conditions, that may weaken its operating results or the overall financial condition of individual properties
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $286.5M | $359.6M | $449.6M | $561.2M |
| Net income | $134.1M | $190.7M | $203.0M | $253.0M |
| Operating cash flow | $211.0M | $254.6M | $308.5M | $381.1M |
Revenue, FY2017 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$561.2M ▲ 24.8% in FY2025$253.0M ▲ 24.6% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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SEC letterNov 14, 2026SEC asked 39 questions about Form S-11 letters Feb 26, 2018 to Jun 8, 2018 · Leases, Results discussion (MD&A), Debt · no closing letter yet
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8-KNov 2, 2026Material agreement signed, New debt or obligation, Unregistered share sale 8-K items 1.01, 2.03, 3.02
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8-KOct 21, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
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10-QOct 21, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Essential Properties Realty Trust, Inc., Princeton, NJ · from the 10-K filed Feb 11, 2026
We are an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. We have assembled a diversified portfolio using a disciplined strategy that focuses on properties leased to tenants in businesses including, but not limited to: We believe that, in general, properties leased to tenants in these industries and similar businesses are essential to the generation of the tenants' sales and profits.
- Headquarters
- Princeton, NJ
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 21, 2026
- Incorporated in
- MD
Email alerts
Sources
The 10-K filed Feb 11, 2026 (open at SEC), compared with the 10-K filed Feb 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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