EPRT Stock Analysis: Essential Properties Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 6.734m USD | 12M Return: 3.3% | US29670E1073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 43.3M
EPS Trend: 89.8%
Qual. Beats: 2
Rev. Trend: 99.8%
Qual. Beats: 6
Warnings
Tailwinds
No distinct edge detected
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 24, 2026, the stock is trading at USD 30.84 with a total of 1,156,777 shares traded. Over the past week, the price has changed by -0.71%, over one month by -3.93%, over three months by -0.77% and over the past year by +3.30%.
Current recommended Stop Loss: 29.70 (which is 3.7% or 2 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 | 20.2% |
P/E Trailing = 24.0775
P/E Forward = 24.6305
P/S = 10.9415
P/B = 1.5238
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 = 9.53b USD (6.73b + Debt 2.93b - CCE 134.2m)
Interest Coverage Ratio = 3.07 (Ebit TTM 393.0m / Interest Expense TTM 128.1m)
EV/FCF = -67.69x (Enterprise Value 9.53b / FCF TTM -140.8m)
FCF Yield = -1.48% (FCF TTM -140.8m / Enterprise Value 9.53b)
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 = 1.27 (Enterprise Value 9.53b / 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 = 5.39% (E(6.73b)/V(9.67b) * Re(5.84%) + D(2.93b)/V(9.67b) * Rd(4.37%) * (1-Tc(0.00)))
Discount Rate = 5.84% (= 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=+17.3%
[Analyst] Revisions Ratio: +36% (up=6, down=2)