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EPT - Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental and other property $ 1,764,185 $ 1,658,264 $ 1,595,675
Management and other fees from affiliates 10,265 11,131 11,139
Total revenues 1,774,450 1,669,395 1,606,814
Expenses:      
Property operating, excluding real estate taxes 326,113 299,672 283,351
Real estate taxes 193,413 185,807 183,918
Corporate-level property management expenses 48,218 45,872 40,704
Depreciation and amortization 580,220 548,438 539,319
General and administrative 98,902 63,474 56,577
Expensed acquisition and investment related costs 72 595 2,132
Casualty loss 0 433 0
Total expenses 1,246,938 1,144,291 1,106,001
Gain on sale of real estate and land 175,583 59,238 94,416
Earnings from operations 703,095 584,342 595,229
Interest expense (235,529) (212,905) (204,798)
Total return swap income 3,099 3,148 7,907
Interest and other income (loss) 80,951 46,259 (19,040)
Equity income from co-investments 48,206 10,561 26,030
Tax benefit (expense) on unconsolidated co-investments 929 (697) 10,236
Loss on early retirement of debt, net 0 0 (2)
Gain on remeasurement of co-investments 210,555 0 17,423
Net income 811,306 430,708 432,985
Net income attributable to noncontrolling interest (69,784) (24,883) (24,670)
Net income available to common stockholders $ 741,522 $ 405,825 $ 408,315
Basic:      
Net income available to common stockholders (in dollars per share) $ 11.55 $ 6.32 $ 6.27
Weighted average number of shares outstanding during the year (in shares) 64,228,356 64,252,232 65,079,764
Diluted:      
Net income available to common stockholders (in dollars per share) $ 11.54 $ 6.32 $ 6.27
Weighted average number of shares outstanding during the year (in shares) 64,251,234 64,253,385 65,098,186