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EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Rental and other property $ 490,346 $ 470,942 $ 1,459,520 $ 1,400,641
Management and other fees from affiliates 2,344 2,361 6,975 7,078
Total revenues 492,690 473,303 1,466,495 1,407,719
Expenses:        
Property operating, excluding real estate taxes 95,927 91,413 274,666 263,834
Real estate taxes 53,569 52,023 157,108 153,652
Corporate-level property management expenses 13,393 12,216 40,223 36,768
Depreciation and amortization 152,552 151,489 461,520 454,277
General and administrative 16,561 18,058 109,724 51,507
Expensed acquisition and investment related costs 0 25 0 25
Impairment loss 10,709 0 10,709 0
Total expenses 342,711 325,224 1,053,950 960,063
Gain on sale of real estate and land 6,781 62,320 8,781 299,524
Earnings from operations 156,760 210,399 421,326 747,180
Interest expense (64,755) (64,660) (197,155) (192,654)
Total return swap income 1,339 1,329 4,108 3,600
Interest and other income 686 5,900 10,809 16,997
Equity income from co-investments 9,212 17,798 46,542 39,984
Tax benefit (expense) on unconsolidated technology co-investments 493 1,958 (2,758) 2,353
Loss on early retirement of debt 0 0 0 (762)
Gain on remeasurement of co-investment 0 0 0 330
Net income (loss) 103,735 172,724 282,872 617,028
Net income attributable to noncontrolling interest (5,666) (8,103) (16,155) (27,935)
Net income available to common stockholders 98,069 164,621 266,717 589,093
Comprehensive income 122,661 168,771 304,980 599,641
Comprehensive income attributable to noncontrolling interest (6,290) (7,969) (16,884) (27,347)
Comprehensive income attributable to controlling interest $ 116,371 $ 160,802 $ 288,096 $ 572,294
Basic:        
Net income available to common stockholders (in dollars per share) $ 1.53 $ 2.56 $ 4.15 $ 9.15
Weighted average number of shares outstanding during the period (in shares) 64,290,878 64,404,008 64,336,608 64,368,625
Diluted:        
Net income available to common stockholders (in dollars per share) $ 1.52 $ 2.56 $ 4.14 $ 9.15
Weighted average number of shares outstanding during the period (in shares) 64,311,993 64,418,240 64,350,275 64,392,244