(EPRT) Essential Properties Realty - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 6.793m USD | Total Return: -1.9% in 12m
Avg Turnover: 38.9M
EPS Trend: 92.8%
Qual. Beats: 1
Rev. Trend: 100.0%
Qual. Beats: 5
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.80 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
Confidence
Essential Properties Realty Trust (EPRT) is a Maryland-based real estate investment trust that specializes in acquiring and managing single-tenant properties across the United States. The company focuses on the middle-market segment, leasing assets to service-oriented and experience-based businesses including automotive services, medical clinics, and early childhood education centers.
The company operates under a net lease model, which typically requires tenants to cover property taxes, insurance, and maintenance costs, providing the REIT with a more predictable cash flow stream. By focusing on service-oriented tenants, the portfolio maintains a defensive posture against e-commerce disruption, as the services provided generally require physical locations.
To maintain its REIT status and avoid federal corporate income taxes, EPRT is legally obligated to distribute at least 90% of its taxable income to shareholders in the form of dividends. For a deeper look at the underlying financial metrics, consider reviewing the data on ValueRay. Founded in 2016 and headquartered in Princeton, New Jersey, the firm manages a diversified portfolio of over 1,400 properties across multiple industries.
- Accretive acquisitions of middle-market net lease assets drive adjusted funds from operations
- Cost of capital fluctuations impact spread between investment yields and financing rates
- High portfolio occupancy rates and long-term lease structures ensure steady cash flows
- Exposure to service-oriented tenants mitigates e-commerce disruption and economic cyclicality risks
- Federal interest rate pivots determine valuation multiples for high-dividend yield REITs
| Net Income: 256.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -1.23 > 1.0 |
| NWC/Revenue: 95.76% < 20% (prev 108.1%; Δ -12.32% < -1%) |
| CFO/TA 0.06 > 3% & CFO 403.7m > Net Income 256.7m |
| Net Debt (2.64b) to EBITDA (538.7m): 4.90 < 3 |
| Current Ratio: 6.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.1m) vs 12m ago 11.05% < -2% |
| Gross Margin: 70.33% > 18% (prev 0.99%; Δ 6.93k% > 0.5%) |
| Asset Turnover: 8.98% > 50% (prev 7.85%; Δ 1.13% > 0%) |
| Interest Coverage Ratio: 3.07 > 6 (EBITDA TTM 538.7m / Interest Expense TTM 122.8m) |
| A: 0.08 (Total Current Assets 674.4m - Total Current Liabilities 106.4m) / Total Assets 7.15b |
| B: -0.02 (Retained Earnings -124.8m / Total Assets 7.15b) |
| C: 0.06 (EBIT TTM 376.6m / Avg Total Assets 6.61b) |
| D: -0.05 (Book Value of Equity -135.0m / Total Liabilities 2.76b) |
| Altman-Z'' = 0.80 = B |
As of May 31, 2026, the stock is trading at USD 30.58 with a total of 1,117,613 shares traded.
Over the past week, the price has changed by -2.55%,
over one month by -1.86%,
over three months by -8.98% and
over the past year by -1.91%.
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 | 21.3% |
P/E Trailing = 24.6693
P/E Forward = 24.6305
P/S = 11.5005
P/B = 1.5435
Revenue TTM = 593.1m USD
EBIT TTM = 376.6m USD
EBITDA TTM = 538.7m USD
Long Term Debt = 2.61b USD (from longTermDebt, last quarter)
Short Term Debt = 916k USD (from shortTermDebt, last quarter)
Debt = 2.65b USD (from shortLongTermDebtTotal, last quarter) + Leases 13.8m
Net Debt = 2.64b USD (calculated: Debt 2.65b - CCE 15.2m)
Enterprise Value = 9.43b USD (6.79b + Debt 2.65b - CCE 15.2m)
Interest Coverage Ratio = 3.07 (Ebit TTM 376.6m / Interest Expense TTM 122.8m)
EV/FCF = -21.76x (Enterprise Value 9.43b / FCF TTM -433.4m)
FCF Yield = -4.60% (FCF TTM -433.4m / Enterprise Value 9.43b)
FCF Margin = -73.08% (FCF TTM -433.4m / Revenue TTM 593.1m)
Net Margin = 43.28% (Net Income TTM 256.7m / Revenue TTM 593.1m)
Gross Margin = 70.33% ((Revenue TTM 593.1m - Cost of Revenue TTM 175.9m) / Revenue TTM)
Gross Margin QoQ = 44.83% (prev 44.18%)
Tobins Q-Ratio = 1.32 (Enterprise Value 9.43b / Total Assets 7.15b)
Interest Expense / Debt = 4.63% (Interest Expense 122.8m / Debt 2.65b)
Taxrate = 0.27% (160k / 60.1m)
NOPAT = 375.6m (EBIT 376.6m * (1 - 0.27%))
Current Ratio = 3.78 (Total Current Assets 674.4m / Total Current Liabilities 178.3m)
Debt / Equity = 0.60 (Debt 2.65b / totalStockholderEquity, last quarter 4.39b)
Debt / EBITDA = 4.90 (Net Debt 2.64b / EBITDA 538.7m)
Debt / FCF = -6.09 (negative FCF - burning cash) (Net Debt 2.64b / FCF TTM -433.4m)
Total Stockholder Equity = 4.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.89% (Net Income 256.7m / Total Assets 7.15b)
RoE = 6.13% (Net Income TTM 256.7m / Total Stockholder Equity 4.19b)
RoCE = 5.54% (EBIT 376.6m / Capital Employed (Equity 4.19b + L.T.Debt 2.61b))
RoIC = 5.26% (NOPAT 375.6m / Invested Capital 7.14b)
WACC = 6.18% (E(6.79b)/V(9.45b) * Re(6.79%) + D(2.65b)/V(9.45b) * Rd(4.63%) * (1-Tc(0.00)))
Discount Rate = 6.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 13.59%
[DCF] Fair Price = unknown (Cash Flow -433.4m)
EPS Correlation: 92.80 | EPS CAGR: 8.25% | SUE: 1.60 | # QB: 1
Revenue Correlation: 99.96 | Revenue CAGR: 25.55% | SUE: 3.55 | # QB: 5
EPS current Quarter (2026-06-30): EPS=0.34 | Chg30d=+4.62% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.35 | Chg30d=+5.36% | Revisions=+33% | Analysts=3
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+1.22% | Revisions=-33% | GrowthEPS=+5.2% | GrowthRev=+18.7%
EPS next Year (2027-12-31): EPS=1.39 | Chg30d=+2.10% | Revisions=+43% | GrowthEPS=+3.5% | GrowthRev=+15.7%
[Analyst] Revisions Ratio: +43%