Essential Properties Realty Trust (EPRT) Operating Expenses (2017 - 2026)
Essential Properties Realty Trust (EPRT) reported Operating Expenses of $74.5 million for Q1 2026, up 36.08% on a YoY basis from $54.7 million in Q1 2025, and up 34.06% quarter-over-quarter from $55.5 million in Q4 2025.
Essential Properties Realty Trust (EPRT) Operating Expenses (2017 - 2026) Analysis & Trends
Essential Properties Realty Trust has reported Operating Expenses for 10 years, with the latest figure at $74.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 36.08% year-over-year to $74.5 million; the trailing twelve-month figure through Mar 2026 stood at $233.9 million (up 23.44% YoY), and the FY2025 full-year result was $214.1 million, up 20.72% from the prior year.
- Operating Expenses for Q1 2026 stood at $74.5 million, up from $55.5 million in the prior quarter.
- The five-year high for Operating Expenses was $74.5 million in Q1 2026, with the low at $31.1 million in Q3 2022.
- Historically, Operating Expenses has averaged $44.0 million across 5 years, with a median of $42.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 54.57% — and 2023, when it dropped 7.34%.
- Essential Properties Realty Trust's Operating Expenses stood at $41.0 million in 2022, then dropped by 7.34% to $38.0 million in 2023, then gained by 18.95% to $45.2 million in 2024, then advanced by 22.94% to $55.5 million in 2025, then jumped by 34.06% to $74.5 million in 2026.
- The last three Operating Expenses figures came in at $74.5 million (Q1 2026), $55.5 million (Q4 2025), and $52.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 67.46 Bn | 67.84 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 1.24 Bn |
| 3 | Kimco Realty | 16.36 Bn | 16.39 Bn | 447.43 Mn | 364.31 Mn |
| 4 | Regency Centers | 14.49 Bn | 14.61 Bn | - | 73.30 Mn |
| 5 | Federal Realty Investment Trust | 10.47 Bn | 10.54 Bn | 265.49 Mn | 220.41 Mn |
| 6 | Agree Realty | 8.78 Bn | 8.76 Bn | - | 104.48 Mn |
| 7 | Nnn Reit | 8.52 Bn | 8.52 Bn | - | 105.96 Mn |
| 8 | Essential Properties Realty Trust | 6.32 Bn | 6.32 Bn | - | 74.46 Mn |
| 9 | Kite Realty Group Trust | 6.09 Bn | 6.20 Bn | - | 28.87 Mn |
| 10 | Macerich | 6.03 Bn | 5.83 Bn | 158.29 Mn | 278.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 74.46 Mn |
| Dec 31, 2025 | 55.54 Mn |
| Sep 30, 2025 | 52.56 Mn |
| Jun 30, 2025 | 51.33 Mn |
| Mar 31, 2025 | 54.72 Mn |
| Dec 31, 2024 | 45.18 Mn |
| Sep 30, 2024 | 46.98 Mn |
| Jun 30, 2024 | 42.61 Mn |
| Mar 31, 2024 | 42.63 Mn |
| Dec 31, 2023 | 37.98 Mn |
| Sep 30, 2023 | 34.85 Mn |
| Jun 30, 2023 | 34.28 Mn |
| Mar 31, 2023 | 33.90 Mn |
| Dec 31, 2022 | 40.99 Mn |
| Sep 30, 2022 | 31.07 Mn |
| Jun 30, 2022 | 36.29 Mn |
| Mar 31, 2022 | 33.38 Mn |
| Dec 31, 2021 | 26.52 Mn |
| Sep 30, 2021 | 24.33 Mn |
| Jun 30, 2021 | 25.06 Mn |