Filing Flows

Filing Flows › Companies › Essential Properties Realty Trust › Cash flow

Essential Properties Realty Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$118M in Q3 2026 · $433M over twelve months

Operating cash flow$118M
Free cash flow+$118M
Cash / net income1.9×

Analysis

In Q3 2026, Essential Properties Realty Trust generated $118M of operating cash flow. That is $19.1M more than in Q3 2025 ($99.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $433M; the largest uses were real estate bought ($1.1B), other financing ($433M), dividends ($263M); besides operations, cash came from net borrowing (+) / repaid (−) ($758M), shares issued ($671M); the cash balance rose by $5.8M.

Operating cash flow was $118M against net income of $60.7M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$44.6M, impairments +$15.0M, stock-based pay +$5.2M.

Free cash flow

Essential Properties Realty Trust: free cash flow by quarterEssential Properties Realty Trust: free cash flow by quarter$87.1MQ4 2024$77.2MQ1 2025$99.8MQ2 2025$99.0MQ3 2025$105MQ4 2025$99.8MQ1 2026$110MQ2 2026$118MQ3 2026
Operating cash flow less capital spending.
Essential Properties Realty Trust: operating cash flow against capital spendingEssential Properties Realty Trust: operating cash flow against capital spendingOperating cash flowCapital spending$87.1M$0Q4 2024$77.2M$0Q1 2025$99.8M$0Q2 2025$99.0M$0Q3 2025$105M$0Q4 2025$99.8M$0Q1 2026$110M$0Q2 2026$118M$0Q3 2026
Latest (Q3 2026): Operating cash flow $118M, Capital spending $0.

Capital allocation, year by year

Essential Properties Realty Trust: where the cash came from (up) and went (down), by fiscal yearEssential Properties Realty Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesDividendsFY2021: Operating cash flow $167MFY2021: Net borrowing −$46.2MFY2021: Shares issued $458MFY2021: Asset sales $58.4MFY2021: Dividends −$112M$684MFY2021FY2022: Operating cash flow $211MFY2022: Net borrowing −$45.5MFY2022: Shares issued $404MFY2022: Asset sales $127MFY2022: Dividends −$142M$742MFY2022FY2023: Operating cash flow $255MFY2023: Net borrowing $178MFY2023: Shares issued $507MFY2023: Asset sales $129MFY2023: Dividends −$168M$1.1BFY2023FY2024: Operating cash flow $308MFY2024: Net borrowing $445MFY2024: Shares issued $570MFY2024: Asset sales $96.9MFY2024: Dividends −$200M$1.4BFY2024FY2025: Operating cash flow $381MFY2025: Net borrowing −$464MFY2025: Shares issued $658MFY2025: Asset sales $129MFY2025: Dividends −$234M$1.2BFY2025
Over these 5 years operating cash flow totalled $1.3B; the largest uses were dividends ($856M) and net borrowing ($556M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$25.2M
Debt$3.0B
Net debt$3.0B

Essential Properties Realty Trust funds itself: free cash flow was $433M over the last twelve months, and $25.2M of cash and investments stands against $3.0B of debt.

Essential Properties Realty Trust: debt maturities by year (FY2025)Essential Properties Realty Trust: debt maturities by year (FY2025)$430MYear 2$400MYear 3$450MYear 4$450MYear 5$800MAfter year 5
Principal due in each year as disclosed in the annual report, against $25.2M of cash and investments now.

Where the cash came from and went

Essential Properties Realty Trust: sources (+) and uses (−) of cash, Q3 2026Essential Properties Realty Trust: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$489MOther financing−$431MReal estate bought−$284MShares issued$120MOperating cash flow$118MCash drawn (+) / kept (−)$105MDividends−$70.2MOther investing−$61.4MAsset & business sales$17.3MTaxes on employees’ shares−$964K
Essential Properties Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Essential Properties Realty Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Real estate bought−$1.1BNet borrowing (+) / repaid (−)$758MShares issued$671MOperating cash flow$433MOther financing−$433MDividends−$263MOther investing−$178MAsset & business sales$129MTaxes on employees’ shares−$9.1MCash drawn (+) / kept (−)−$5.8M

From profit to cash

Essential Properties Realty Trust: net income to operating cash flow, Q3 2026Essential Properties Realty Trust: net income to operating cash flow, Q3 2026Net income$60.7MDepreciation & amortization$44.6MStock-based pay$5.2MImpairments$15.0MPrepaid and other assets−$4.8MOperating cash flow$118M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$118M−$70.2M$489M$120M$105M$118M
Q2 2026$110M−$67.6M$290M—−$118M$110M
Q1 2026$99.8M−$65.4M$100M$193M$54.2M$99.8M
Q4 2025$105M−$59.8M−$120M$359M−$46.5M$105M
Q3 2025$99.0M−$59.8M$310M—−$2.8M$99.0M
Q2 2025$99.8M−$58.7M$200M$20.2M$25.9M$99.8M
Q1 2025$77.2M−$55.6M−$155M$279M−$2.0M$77.2M
Q4 2024$87.1M−$51.1M−$80.0M$326M−$6.3M$87.1M

Essential Properties Realty Trust: income statement and cash flow

Essential Properties Realty Trust, Q3 2026: revenue $169M (+16% year over year), operating margin 56.0%. The chart follows the revenue to costs, profit and cash.

Essential Properties Realty Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.