EPRT's growth engine remains intact but is increasingly externally financed: revenue reached $168.7M in 2026Q3 (+16.4% YoY) on a total asset base that has expanded ~45% from $5.3B in 2024Q2 to $7.7B, with a ~98.7% NOI margin in the most recent quarter consistent with triple-net economics.
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its operating partnership, Essential Properties, L.P. (the “Operating Partnership”), intends to offer, subject to market and other conditions, $450.0 million aggregate principal amount of exchangeable senior notes due 2032 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of.
Essential Properties Realty Trust, Inc. ( EPRT ) Q3 2026 Earnings Call October 22, 2026 10:00 AM EDT Company Participants Sheryl Kaul Peter Mavoides - CEO & Director Craig Vachris Max Jenkins - President & Chief Operating Officer Robert Salisbury - EVP, CFO, Head of Corporate Finance, Chief Strategy Officer & Secretary Conference Call Participants Michael Goldsmith - UBS Investment Bank, Research Division Haendel St. Juste - Mizuho Securities USA LLC, Research Division Jana Galan - BofA Securities, Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Bennett Rose - Citigroup Inc., Research Division Eric Borden - BMO Capital Markets Equity Research Richard Hightower - Barclays Bank PLC, Research Division Linda Tsai James Kammert - Evercore ISI Institutional Equities, Research Division Greg McGinniss - Scotiabank Global Banking and Markets, Research Division James Feldman - Wells Fargo Securities, LLC, Research Division Spenser Allaway - Green Street Advisors, LLC, Research Division John Massocca - B. Riley Securities, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to Essential Properties Realty Trust Third Quarter 2026 Earnings Conference Call.
Essential Properties Realty Trust NYSE: EPRT raised its 2026 outlook and issued initial 2027 guidance after reporting third-quarter results supported by investment activity, portfolio occupancy and internally generated cash flow.
Essential Properties Realty Trust offers a recession-resistant, well-diversified triple-net REIT portfolio with minimal tenant concentration risk. EPRT maintains a strong investment-grade balance sheet, featuring low leverage (net debt/EBITDA under 4x) and a low average interest rate of 4.33%. With no major debt refinancing until 2030, EPRT faces negligible near-term refinancing risk amid a high-rate environment.
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Key metrics vs top competitors for Essential Properties Realty Trust, Inc. (EPRT)
What is Essential Properties Realty Trust, Inc.'s revenue?
Essential Properties Realty Trust, Inc. (EPRT) reported $687.8M in revenue over the trailing twelve months. Revenue was $561.9M in fiscal year 2025. That is 3517% more than the $15.5M of fiscal year 2016.
How fast is Essential Properties Realty Trust, Inc. growing?
Essential Properties Realty Trust, Inc. (EPRT) grew revenue by 29.5% over the trailing twelve months, compared with the twelve months before.
Is EPRT profitable?
Yes. Essential Properties Realty Trust, Inc. (EPRT) earned $262.5M in net income over the trailing twelve months (a 38.2% net margin).
Dividend & Returns
Does EPRT pay dividends?
Yes. Essential Properties Realty Trust, Inc. (EPRT) pays a dividend that yields 4.15% at the current price, a high yield.
What is EPRT's return on equity?
Essential Properties Realty Trust, Inc. (EPRT) had a return on equity (ROE) of 6.0% over the trailing twelve months. That is below the market's typical 10-15%.
Industry Metrics
What is Essential Properties Realty Trust, Inc.'s FFO?
Essential Properties Realty Trust, Inc. (EPRT) generated Funds From Operations (FFO) of $439.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is EPRT a good dividend stock?
Essential Properties Realty Trust, Inc. (EPRT) offers a 4.15% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
