Essential Properties Realty Trust (EPRT) Property Operating Expenses (2017 - 2026)
Essential Properties Realty Trust (EPRT) posted Property Operating Expenses of $2.14 million for Q3 2026, up 15.7% from $1.85 million a year earlier and up 98.0% from the prior quarter.
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Analysis
Essential Properties Realty Trust (EPRT) Property Operating Expenses (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Property Operating Expenses at Essential Properties Realty Trust was $6.69 million, down 3.3% year-over-year; for FY2025, it came in at $7.58 million, up 51.6% from FY2024.
- Annual Property Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- In prior years, Essential Properties Realty Trust's Property Operating Expenses was $5 million in FY2024 (+7.2%), $4.66 million in FY2023 (+35.1%), $3.45 million in FY2022 (-40.1%) and $5.76 million in FY2021 (+48.5%).
- The Q3 2026 figure stands as the highest quarterly Property Operating Expenses since Q1 2025.
- On a year-over-year basis, Property Operating Expenses increased in five of the last eight quarters, with growth averaging 22.7%.
- The strongest year-over-year quarter for Property Operating Expenses in the past five years was Q1 2025, with growth of 127.3%; the weakest was Q4 2022, with a decline of 56.8%.
- According to Business Quant data, Property Operating Expenses for the three prior quarters was $1.08 million (Q2 2026), $1.5 million (Q1 2026) and $1.97 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Property Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 2.25 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 511.72 Mn |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 180.83 Mn |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 333.19 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 122.39 Mn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 1.10 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 158.13 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 245.28 Mn |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 238.84 Mn |
| 10 | Essential Properties Realty Trust | 6.12 Bn | 5.94 Bn | - | 2.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.14 Mn |
| Jun 30, 2026 | 1.08 Mn |
| Mar 31, 2026 | 1.50 Mn |
| Dec 31, 2025 | 1.97 Mn |
| Sep 30, 2025 | 1.85 Mn |
| Jun 30, 2025 | 1.50 Mn |
| Mar 31, 2025 | 2.26 Mn |
| Dec 31, 2024 | 1.31 Mn |
| Sep 30, 2024 | 1.54 Mn |
| Jun 30, 2024 | 1.16 Mn |
| Mar 31, 2024 | 993,000.00 |
| Dec 31, 2023 | 1.32 Mn |
| Sep 30, 2023 | 1.36 Mn |
| Jun 30, 2023 | 1.14 Mn |
| Mar 31, 2023 | 843,000.00 |
| Dec 31, 2022 | 784,000.00 |
| Sep 30, 2022 | 830,000.00 |
| Jun 30, 2022 | 828,000.00 |
| Mar 31, 2022 | 1.01 Mn |
| Dec 31, 2021 | 1.82 Mn |
API Access
Essential Properties Realty Trust Property Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-operating-expenses&ticker=EPRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-operating-expenses", "ticker": "EPRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-operating-expenses&ticker=EPRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();