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EPRTEssential Properties Realty Trust, Inc.
$26.87$5.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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EPRT logo

Essential Properties Realty Trust, Inc.

EPRT
NYSE · Diversified REITs
$26.87
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$5.81B
P/E21.0x
52W High$34.73
Volume2.11M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Acquisition-Driven Growth Clouded by Negative AFFO

Essential Properties Realty Trust is executing an aggressive acquisition-led growth strategy, with revenue surging 51.8% YoY in 2026Q2 to $208.0M and total assets expanding 50% to $7.5B. The company maintains a conservative balance sheet with a debt-to-equity ...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

EPRT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 25 · Lag

Laggard (Underperforming 75% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 22

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
EPRT-8.52%
S&P 500 (^GSPC)+12.39%
1-Year Return
EPRT-6.61%
S&P 500 (^GSPC)+15.77%
3-Year Return
EPRT+36.34%
S&P 500 (^GSPC)+78.20%
5-Year Return
EPRT+12.27%
S&P 500 (^GSPC)+73.90%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
21.0x
Forward P/EExpansion
20.4x
EV/EBITDA0th %ile
16.0x
FCF YieldCash Flow
6.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
21.0x
23.7x
20th· Low
EV/EBITDA
16.0x
17.3x
0th· Low
Price/FCF
15.2x
15.7x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$21.48-20.1%
Base (Fair)$28.77+7.6%
Bull$36.49+35.8%
$21.48 Bear$28.77 Base$36.49 Bull
Current Market Price: $26.87
Trades at a 6.6% discount to Base DCF ($28.77)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$562M+25.0% YoY
Net income
$253M+24.6% YoY
Free cash flow
$381M+23.5% YoY
Operating margin
64.5%+2.6 pts YoY
ROIC (TTM)4.4%
Avg ROIC 5Y-
ROE (TTM)6.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 22, 2026
$0.34+2.5%
vs $0.33
$151M-3.1%
vs $156M
Q2 2026
Apr 22, 2026
$0.28-12.5%
vs $0.32
$149M+1.0%
vs $148M
Q1 2026
Feb 11, 2026
$0.34+3.6%
vs $0.33
$140M-1.8%
vs $143M
Q4 2025
Oct 22, 2025
$0.33-31.3%
vs $0.48
$145M-3.0%
vs $149M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 16, 2026
2 Dividend Growth Machines That Could Power Early Retirement For Decades

Dividend growth machines that combine attractive current yield and sustainable inflation-beating dividend growth are a core pillar of a retirement portfolio. I detail two such opportunities that look attractive today. I also share some of the risks to keep in mind.

Seeking Alpha·Sep 13, 2026
Net Lease REITs: Diversification Or Diworsification?

Essential Properties Realty Trust offers a compelling blend of diversification, income, safety, and growth, with its largest tenant at just 3.1% of base rent. Diversification reduces tenant-specific risk, but quality of tenants, lease coverage, and disciplined capital allocation are critical for durable, repeatable AFFO-per-share growth. Concentrated REITs like PSTL or GLPI may deliver higher yields and faster growth but carry materially higher risk premiums due to tenant or sector concentration.

24/7 Wall Street·Sep 12, 2026
5 REITs That Turn Long-Term Leases Into Reliable Dividend Income

Net lease REITs promise bond-like income without the credit risk, but not every triple-net landlord is built the same way.

Defense World·Sep 12, 2026
Amundi Has $17.85 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Amundi lowered its position in Essential Properties Realty Trust, Inc. (NYSE: EPRT) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,870 shares of the company's stock after selling 138,355 shares during the period. Amundi owned

Filtered for Essential Properties Realty Trust, Inc.More Headlines
04

Compare before deciding

Benchmark EPRT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Essential Properties Realty Trust, Inc. (EPRT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EPRT logoEPRTEssential Properties Realty Trust, Inc.Current
$26.87$5.81B20.9924.97%45.03%6.5%4.32%
NNN logoNNNNNN REIT, Inc.
$41.33$7.86B19.976.55%40.35%8.7%—
ADC logoADCAgree Realty Corporation
$67.12$8.06B37.9216.42%28.87%3.61%—
NTST logoNTSTNETSTREIT Corp.
$18.37$1.89B224.0219.79%6.43%0.95%—
PINE logoPINEAlpine Income Property Trust, Inc.
$16.88$278.94M-76.7315.9%7.66%1.73%—
O logoORealty Income Corporation
$55.61$51.86B47.539.07%21.81%3.25%—

Compare EPRT vs Peers

Essential Properties Realty Trust, Inc. (EPRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NNN

Most directly comparable listed peer for EPRT.

Scale Benchmark

vs BX

Larger-name benchmark to compare EPRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs NNN, ADC, NTST, PINE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

EPRT SEC Filings & Documents

Essential Properties Realty Trust, Inc. (EPRT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 24, 2026·SEC

Material company update

Jul 22, 2026·SEC

Material company update

Jun 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 12, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 22, 2026·SEC

FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 22, 2025·SEC

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EPRT Frequently Asked Questions

Essential Properties Realty Trust, Inc. (EPRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Essential Properties Realty Trust, Inc.'s revenue?

Essential Properties Realty Trust, Inc. (EPRT) reported $664.0M in revenue for fiscal year 2025. This represents a 4175% increase from $15.5M in 2016.

How fast is Essential Properties Realty Trust, Inc. growing?

Essential Properties Realty Trust, Inc. (EPRT) grew revenue by 25.0% over the past year. This is strong growth.

Is EPRT profitable?

Yes, Essential Properties Realty Trust, Inc. (EPRT) is profitable, generating $268.0M in net income for fiscal year 2025 (45.0% net margin).

Dividend & Returns
Does EPRT pay dividends?

Yes, Essential Properties Realty Trust, Inc. (EPRT) pays a dividend with a yield of 4.32%. This makes it attractive for income-focused investors.

What is EPRT's return on equity?

Essential Properties Realty Trust, Inc. (EPRT) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics
What is Essential Properties Realty Trust, Inc.'s FFO?

Essential Properties Realty Trust, Inc. (EPRT) generated Funds From Operations (FFO) of $437.7M 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 4.32% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in EPRT back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →