EPRT Stock Analysis: Essential Properties Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 6.642m USD | 12M Return: 6.8% | US29670E1073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.6M
EPS Trend: 89.8%
Qual. Beats: 2
Rev. Trend: 99.8%
Qual. Beats: 6
Warnings
Tailwinds
Seasonality 8.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Essential Properties Realty Trust (NYSE: EPRT) is an internally managed real estate investment trust (REIT) that acquires, owns, and manages a portfolio of primarily single-tenant commercial properties net leased to operators of service-oriented and experience-based businesses. As a net lease REIT, the company passes most property-level operating expenses (such as real estate taxes, insurance, and maintenance) to its tenants under long-term lease agreements, resulting in a more predictable, low-overhead cash flow model compared to traditional multi-tenant landlords.
As of September 30, 2025, EPRTs portfolio consisted of 2,266 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x. The portfolio was 99.8% leased across 645 different operating concepts in 48 states, providing meaningful tenant and industry diversification for a single-tenant-focused REIT. The company was founded in 2016, is headquartered in Princeton, New Jersey, and went public on the NYSE in 2018.
- Net lease portfolio expansion accelerates across service-oriented tenants
- Interest rate hikes pressure acquisition spreads and AFFO growth
- Tenant rent coverage weakens as consumer discretionary spending cools
| Net Income: 268.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -4.58 > 1.0 |
| NWC/Revenue: 112.8% < 20% (prev 100.1%; Δ 12.64% < -1%) |
| CFO/TA 0.06 > 3% & CFO 414.1m > Net Income 268.0m |
| Net Debt (2.80b) to EBITDA (562.7m): 4.97 < 3 |
| Current Ratio: 7.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.0m) vs 12m ago 7.70% < -2% |
| Gross Margin: 66.72% > 18% (prev 98.69%; Δ -31.97% > 0.5%) |
| Asset Turnover: 9.64% > 50% (prev 8.00%; Δ 1.64% > 0%) |
| Interest Coverage Ratio: 3.07 > 6 (EBIT TTM 393.0m / Interest Expense TTM 128.1m) |
| A: 0.10 (Total Current Assets 863.1m - Total Current Liabilities 114.3m) / Total Assets 7.49b |
| B: -0.02 (Retained Earnings -119.8m / Total Assets 7.49b) |
| C: 0.06 (EBIT TTM 393.0m / Avg Total Assets 6.89b) |
| D: 1.45 (Book Value of Equity 4.41b / Total Liabilities 3.04b) |
| Altman-Z'' = 2.51 = A |
| DSRI: 0.96 (Receivables 728.9m/575.5m, Revenue 664.0m/503.3m) |
| GMI: 1.48 (GM 98.69% / 66.72%) |
| AQI: 0.00 (AQ_t 0.00 / AQ_t-1 0.90) |
| SGI: 1.32 (Revenue 664.0m / 503.3m) |
| TATA: -0.02 (NI 268.0m - CFO 414.1m) / TA 7.49b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of August 10, 2026, the stock is trading at USD 30.63 with a total of 1,188,454 shares traded. Over the past week, the price has changed by -2.11%, over one month by -1.83%, over three months by -1.26% and over the past year by +6.75%.
Current recommended Stop Loss: 29.60 (which is 3.4% or 1.6 ATR below the current price).
Essential Properties Realty has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy EPRT.
- StrongBuy: 11
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37.1 | 21% |
P/E Trailing = 23.7442
P/E Forward = 24.6305
P/S = 10.7914
P/B = 1.5027
Revenue TTM = 664.0m USD
EBIT TTM = 393.0m USD
EBITDA TTM = 562.7m USD
Long Term Debt = 2.90b USD (from longTermDebt, last quarter)
Short Term Debt = 684k USD (from shortTermDebt, last quarter)
Debt = 2.93b USD (from shortLongTermDebtTotal, last quarter) + Leases 14.2m
Net Debt = 2.80b USD (calculated: Debt 2.93b - CCE 134.2m)
Enterprise Value = 9.44b USD (6.64b + Debt 2.93b - CCE 134.2m)
Interest Coverage Ratio = 3.07 (Ebit TTM 393.0m / Interest Expense TTM 128.1m)
EV/FCF = -67.04x (Enterprise Value 9.44b / FCF TTM -140.8m)
FCF Yield = -1.49% (FCF TTM -140.8m / Enterprise Value 9.44b)
FCF Margin = -21.21% (FCF TTM -140.8m / Revenue TTM 664.0m)
Net Margin = 40.35% (Net Income TTM 268.0m / Revenue TTM 664.0m)
Gross Margin = 66.72% ((Revenue TTM 664.0m - Cost of Revenue TTM 221.0m) / Revenue TTM)
Gross Margin QoQ = 77.62% (prev 44.83%)
Tobins Q-Ratio = 1.26 (Enterprise Value 9.44b / Total Assets 7.49b)
Interest Expense / Debt = 4.37% (Interest Expense 128.1m / Debt 2.93b)
Taxrate = 0.42% (1.12m / 269.6m)
NOPAT = 391.4m (EBIT 393.0m * (1 - 0.42%))
Current Ratio = 7.55 (Total Current Assets 863.1m / Total Current Liabilities 114.3m)
Debt / Equity = 0.67 (Debt 2.93b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 4.97 (Net Debt 2.80b / EBITDA 562.7m)
Debt / FCF = -19.87 (negative FCF - burning cash) (Net Debt 2.80b / FCF TTM -140.8m)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.89% (Net Income 268.0m / Total Assets 7.49b)
RoE = 6.37% (Net Income TTM 268.0m / Total Stockholder Equity 4.21b)
RoCE = 5.53% (EBIT 393.0m / Capital Employed (Equity 4.21b + L.T.Debt 2.90b))
RoIC = 5.33% (NOPAT 391.4m / Invested Capital 7.34b)
WACC = 5.46% (E(6.64b)/V(9.57b) * Re(5.95%) + D(2.93b)/V(9.57b) * Rd(4.37%) * (1-Tc(0.00)))
Discount Rate = 5.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.76 | Cagr: 11.34%
[DCF] Fair Price = unknown (Cash Flow -140.8m)
EPS Correlation: 89.77 | EPS CAGR: 9.07% | SUE: 1.49 | # QB: 2
Revenue Correlation: 99.78 | Revenue CAGR: 26.26% | SUE: 4.0 | # QB: 6
EPS current Quarter (2026-09-30): EPS=0.34 | Chg30d=-2.17% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+0.01% | Revisions=-40% | GrowthEPS=+5.3% | GrowthRev=+17.1%
EPS next Year (2027-12-31): EPS=1.38 | Chg30d=-1.25% | Revisions=+50% | GrowthEPS=+3.2% | GrowthRev=+17.5%
[Analyst] Revisions Ratio: +36% (up=6, down=2)