Filing Flows › Essential Properties Realty Trust (EPRT) › Q1 2025
Essential Properties Realty Trust (EPRT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Essential Properties Realty Trust (EPRT) reported revenue of $129M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +8% from the quarter before. Operating margin was 61.6%, net earnings $56.1M (43.4% of revenue).
Essential Properties Realty Trust, Q1 2025: revenue $129M (+25% year over year), operating margin 61.6%, net earnings $56.1M, operating cash flow $77.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | +8% | +25% |
| Operating profit | $79.6M | +0.6% | +28% |
| Net earnings | $56.1M | +1% | +19% |
| Operating cash flow | $77.2M | -11% | +16% |
What changed
Revenue was $129.4M in Q1 2025, up 25% year over year and up 8% from the previous quarter.
Operating profit was $79.6M, a 61.6% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 67% reached operating profit, above the 60% margin then. Total costs grew 21% against revenue growth of 25%. The fastest-growing cost line was General & admin (+23%). Net earnings were $56.1M, up 19% year over year. The effective tax rate was 0.3%.
Operating cash flow was $77.2M (up 16% year over year), 137% of net earnings. Non-cash charges added back $33.5M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $16.6M. Capital expenditures of $265.8M exceeded it, leaving free cash flow of −$188.6M.
Questions
What was Essential Properties Realty Trust's revenue in the first quarter 2025?
Essential Properties Realty Trust (EPRT) reported revenue of $129M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +8% from the quarter before.
Was Essential Properties Realty Trust profitable in the first quarter 2025?
Operating profit was $79.6M (61.6% of revenue) and net earnings $56.1M.
Source: Essential Properties Realty Trust 10-Q on SEC EDGAR.