EPRT Stock Analysis: Essential Properties Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 6.960m USD | 12M Return: 10.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 56.8M
EPS Trend: 89.8%
Qual. Beats: 2
Rev. Trend: 100.0%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 8 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: 193.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -4.58 > 1.0 |
| NWC/Revenue: 112.4% < 20% (prev 100.1%; Δ 12.32% < -1%) |
| CFO/TA 0.06 > 3% & CFO 414.1m > Net Income 193.9m |
| Net Debt (2.79b) to EBITDA (440.8m): 6.33 < 3 |
| Current Ratio: 7.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (215.0m) vs 12m ago 7.70% < -2% |
| Gross Margin: 71.59% > 18% (prev 98.69%; Δ -27.10% > 0.5%) |
| Asset Turnover: 8.97% > 50% (prev 8.00%; Δ 0.97% > 0%) |
| Interest Coverage Ratio: 1.43 > 6 (EBIT TTM 271.4m / Interest Expense TTM 189.4m) |
| A: 0.09 (Total Current Assets 809.1m - Total Current Liabilities 114.3m) / Total Assets 7.49b |
| B: -0.02 (Retained Earnings -119.8m / Total Assets 7.49b) |
| C: 0.04 (EBIT TTM 271.4m / Avg Total Assets 6.89b) |
| D: 1.45 (Book Value of Equity 4.41b / Total Liabilities 3.04b) |
| Altman-Z'' = 2.34 = BBB |
As of July 27, 2026, the stock is trading at USD 32.34 with a total of 1,811,628 shares traded. Over the past week, the price has changed by -2.97%, over one month by +6.74%, over three months by +5.09% and over the past year by +10.60%.
Current recommended Stop Loss: 30.70 (which is 5.1% or 2.4 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 | 14.3% |
P/E Trailing = 25.68
P/E Forward = 24.6305
P/S = 11.3079
P/B = 1.609
Revenue TTM = 617.9m USD
EBIT TTM = 271.4m USD
EBITDA TTM = 440.8m USD
Long Term Debt = 2.90b USD (from longTermDebt, last quarter)
Short Term Debt = 923k USD (from shortTermDebt, last fiscal year)
Debt = 2.92b USD (corrected: LT Debt 2.90b + ST Debt 923k) + Leases 14.2m
Net Debt = 2.79b USD (calculated: Debt 2.92b - CCE 126.2m)
Enterprise Value = 9.75b USD (6.96b + Debt 2.92b - CCE 126.2m)
Interest Coverage Ratio = 1.43 (Ebit TTM 271.4m / Interest Expense TTM 189.4m)
EV/FCF = -69.25x (Enterprise Value 9.75b / FCF TTM -140.8m)
FCF Yield = -1.44% (FCF TTM -140.8m / Enterprise Value 9.75b)
FCF Margin = -22.79% (FCF TTM -140.8m / Revenue TTM 617.9m)
Net Margin = 31.38% (Net Income TTM 193.9m / Revenue TTM 617.9m)
Gross Margin = 71.59% ((Revenue TTM 617.9m - Cost of Revenue TTM 175.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev 44.83%)
Tobins Q-Ratio = 1.30 (Enterprise Value 9.75b / Total Assets 7.49b)
Interest Expense / Debt = 6.49% (Interest Expense 189.4m / Debt 2.92b)
Taxrate = 0.42% (1.12m / 269.6m)
NOPAT = 270.3m (EBIT 271.4m * (1 - 0.42%))
Current Ratio = 7.08 (Total Current Assets 809.1m / Total Current Liabilities 114.3m)
Debt / Equity = 0.66 (Debt 2.92b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 6.33 (Net Debt 2.79b / EBITDA 440.8m)
Debt / FCF = -19.83 (negative FCF - burning cash) (Net Debt 2.79b / FCF TTM -140.8m)
Total Stockholder Equity = 4.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.81% (Net Income 193.9m / Total Assets 7.49b)
RoE = 4.61% (Net Income TTM 193.9m / Total Stockholder Equity 4.21b)
RoCE = 3.82% (EBIT 271.4m / Capital Employed (Equity 4.21b + L.T.Debt 2.90b))
RoIC = 3.68% (NOPAT 270.3m / Invested Capital 7.35b)
WACC = 6.51% (E(6.96b)/V(9.88b) * Re(6.53%) + D(2.92b)/V(9.88b) * Rd(6.49%) * (1-Tc(0.00)))
Discount Rate = 6.53% (= 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: 99.96 | Revenue CAGR: 24.87% | SUE: -0.90 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.35 | Chg30d=-3.92% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+1.42% | Revisions=-40% | GrowthEPS=+5.2% | GrowthRev=+18.6%
EPS next Year (2027-12-31): EPS=1.40 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+4.5% | GrowthRev=+16.7%
[Analyst] Revisions Ratio: +36% (up=6, down=2)