(EPRT) Essential Properties Realty - Overview

Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 6.630m USD | Total Return: -1.8% in 12m

Real Estate, Commercial Leases, Single-tenant Properties
Total Rating 34
Safety 31
Buy Signal -0.69
REIT - Retail
Industry Rotation: -2.2
Market Cap: 6.63B
Avg Turnover: 58.6M
Risk 3d forecast
Volatility20.4%
VaR 5th Pctl3.75%
VaR vs Median11.6%
Reward TTM
Sharpe Ratio-0.26
Rel. Str. IBD27.6
Rel. Str. Peer Group38
Character TTM
Beta0.272
Beta Downside0.254
Hurst Exponent0.648
Drawdowns 3y
Max DD20.31%
CAGR/Max DD0.59
CAGR/Mean DD2.11
EPS (Earnings per Share) EPS (Earnings per Share) of EPRT over the last years for every Quarter: "2021-03": 0.14, "2021-06": 0.2, "2021-09": 0.23, "2021-12": 0.24, "2022-03": 0.23, "2022-06": 0.27, "2022-09": 0.26, "2022-12": 0.25, "2023-03": 0.29, "2023-06": 0.35, "2023-09": 0.29, "2023-12": 0.31, "2024-03": 0.28, "2024-06": 0.29, "2024-09": 0.27, "2024-12": 0.293, "2025-03": 0.2985, "2025-06": 0.3093, "2025-09": 0.33, "2025-12": 0.3358, "2026-03": 0.3361,
EPS CAGR: 6.01%
EPS Trend: 63.2%
Last SUE: 1.03
Qual. Beats: 1
Revenue Revenue of EPRT over the last years for every Quarter: 2021-03: 48.552, 2021-06: 57.066, 2021-09: 59.601, 2021-12: 63.818, 2022-03: 70.121, 2022-06: 71.446, 2022-09: 70.663, 2022-12: 74.276, 2023-03: 83.687, 2023-06: 86.516, 2023-09: 91.693, 2023-12: 97.734, 2024-03: 103.501, 2024-06: 109.268, 2024-09: 117.132, 2024-12: 119.708, 2025-03: 129.354, 2025-06: 137.062, 2025-09: 144.934, 2025-12: 150.539, 2026-03: 160.55,
Rev. CAGR: 24.10%
Rev. Trend: 99.7%
Last SUE: 3.55
Qual. Beats: 5

Warnings

High Debt while negative Cash Flow

Altman Z'' 0.89 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: EPRT Essential Properties Realty

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 3.5
Net Income: 256.7m TTM > 0 and > 6% of Revenue
FCF/TA: -0.06 > 0.02 and ΔFCF/TA -5.46 > 1.0
NWC/Revenue: 113.6% < 20% (prev 108.1%; Δ 5.46% < -1%)
CFO/TA 0.06 > 3% & CFO 403.7m > Net Income 256.7m
Net Debt (2.63b) to EBITDA (538.7m): 4.87 < 3
Current Ratio: 736.2 > 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)
Altman Z'' 0.89
A: 0.09 (Total Current Assets 674.4m - Total Current Liabilities 916k) / 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'' Score: 0.89 = B
What is the price of EPRT shares? As of May 18, 2026, the stock is trading at USD 30.21 with a total of 1,217,381 shares traded.
Over the past week, the price has changed by -3.79%, over one month by -7.53%, over three months by -6.65% and over the past year by -1.76%.
Is EPRT a buy, sell or hold? 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
What are the forecasts/targets for the EPRT price?
Analysts Target Price 37.2 23.2%
Essential Properties Realty (EPRT) - Fundamental Data Overview as of 16 May 2026
P/E Trailing = 24.0787
P/E Forward = 24.6305
P/S = 11.2252
P/B = 1.5469
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 = 2.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.63b USD (from netDebt column, last quarter)
Enterprise Value = 9.26b USD (6.63b + Debt 2.64b - CCE 15.2m)
Interest Coverage Ratio = 3.07 (Ebit TTM 376.6m / Interest Expense TTM 122.8m)
EV/FCF = -20.03x (Enterprise Value 9.26b / FCF TTM -462.2m)
FCF Yield = -4.99% (FCF TTM -462.2m / Enterprise Value 9.26b)
FCF Margin = -77.93% (FCF TTM -462.2m / 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 = 1.29 (Enterprise Value 9.26b / Total Assets 7.15b)
Interest Expense / Debt = 1.19% (Interest Expense 31.3m / Debt 2.64b)
Taxrate = 0.27% (160k / 60.1m)
NOPAT = 375.6m (EBIT 376.6m * (1 - 0.27%))
 Current Ratio = 736.2 (out of range, set to none) (Total Current Assets 674.4m / Total Current Liabilities 916k)
 Debt / Equity = 0.60 (Debt 2.64b / totalStockholderEquity, last quarter 4.39b)
Debt / EBITDA = 4.87 (Net Debt 2.63b / EBITDA 538.7m)
 Debt / FCF = -5.68 (negative FCF - burning cash) (Net Debt 2.63b / FCF TTM -462.2m)
 Total Stockholder Equity = 4.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.89% (Net Income 256.7m / Total Assets 7.15b)
RoE = 6.32% (Net Income TTM 256.7m / Total Stockholder Equity 4.06b)
RoCE = 5.64% (EBIT 376.6m / Capital Employed (Equity 4.06b + L.T.Debt 2.61b))
RoIC = 5.71% (NOPAT 375.6m / Invested Capital 6.58b)
WACC = 5.30% (E(6.63b)/V(9.27b) * Re(6.94%) + D(2.64b)/V(9.27b) * Rd(1.19%) * (1-Tc(0.00)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 100.00 | Cagr: 13.59%
 [DCF] Fair Price = unknown (Cash Flow -462.2m)
 EPS Correlation: 63.17 | EPS CAGR: 6.01% | SUE: 1.03 | # QB: 1
Revenue Correlation: 99.66 | Revenue CAGR: 24.10% | SUE: 3.55 | # QB: 5
EPS current Quarter (2026-06-30): EPS=0.34 | Chg30d=+3.03% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=+3.28% | Revisions=+33% | Analysts=3
EPS current Year (2026-12-31): EPS=1.33 | Chg30d=-0.21% | Revisions=-33% | GrowthEPS=+4.3% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=1.38 | Chg30d=+0.73% | Revisions=+14% | GrowthEPS=+4.0% | GrowthRev=+16.0%
[Analyst] Revisions Ratio: +33%