ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
	10-K	10-K	10-K	10-K	10-K
Revenues [+]	230.2	164.0	139.4	96.2	54.4
Lease / rental					53.4
Other income	1.2	0.1	0.7	0.6	0.8
Revenue growth	40.4%	17.7%	44.8%	76.7%
Cost of goods sold	5.8	3.9	3.1	2.0	1.5
Gross profit	224.5	160.1	136.3	94.2	52.9
Gross margin	97.5%	97.6%	97.8%	97.9%	97.2%
Selling, general and administrative [+]	24.3	24.4	21.7	13.8	8.8
General and administrative	24.3	24.4	21.7	13.8	8.8
Other operating expenses	-9.5	-5.0	-10.9	-5.4	15.8
EBITDA [+]	209.7	140.6	125.5	85.9	28.3
EBITDA growth	49.1%	12.1%	46.0%	203.6%
EBITDA margin	91.1%	85.7%	90.0%	89.3%	52.0%
Depreciation	61.6	52.3	36.5	24.9	14.1
EBITA	148.1	88.3	89.0	61.0	14.2
EBITA margin	64.3%	53.8%	63.9%	63.4%	26.2%
Amortization of intangibles	7.5	7.1	6.3	6.5	5.5
EBIT [+]	140.5	81.2	82.7	54.6	8.8
EBIT growth	73.0%	-1.8%	51.6%	521.2%
EBIT margin	61.0%	49.5%	59.4%	56.7%	16.1%
Non-recurring items [+]	6.1	8.4	2.9	4.5	2.4
Asset impairment	6.1	8.4	2.9	4.5	2.4
Interest expense, net [+]	33.5	29.2	26.2	29.3	22.5
Interest expense	33.6	29.7	27.0	30.2	22.6
Interest income	0.1	0.5	0.8	0.9	0.0
Other income (expense), net [+]	-4.5	-0.9	-5.2		22.6
Gain (loss) on debt retirement	-4.5	-0.9	-5.2
Pre-tax income	96.4	42.7	48.3	20.8	6.5
Income taxes	0.2	0.2	0.3	0.2	0.2
Tax rate	0.2%	0.5%	0.6%	0.9%	2.5%
Minority interest	0.5	0.3	6.2	5.0
Net income	95.7	42.3	41.8	15.6	6.3
Net margin	41.6%	25.8%	30.0%	16.2%	11.6%

Basic EPS [+]	$0.82	$0.44	$0.65	$0.37
Growth	85.5%	-32.1%	78.2%
Diluted EPS [+]	$0.81	$0.44	$0.56	$0.25
Growth	85.4%	-20.9%	119.8%

Dividends per share [+]	$0.97	$0.91	$1.00	$0.33
Growth	6.4%	-9.0%	202.1%

Shares outstanding (basic) [+]	116.4	95.3	64.1	42.6
Growth	22.1%	48.7%	50.4%
Shares outstanding (diluted) [+]	117.5	96.2	75.3	61.8
Growth	22.1%	27.7%	21.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.