EPRT Stock Analysis: Essential Properties Realty | NYSE
REIT - Retail | NYSE, USA | Market Cap: 5.694m USD | 12M Return: -6.6% | US29670E1073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 79.2M
EPS Trend: 85.6%
Qual. Beats: 3
Rev. Trend: 99.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.3 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, Inc. (NYSE: EPRT) is an internally managed real estate investment trust (REIT) that acquires, owns, and manages a portfolio of single-tenant, freestanding properties net leased on a long-term basis to tenants operating service-oriented or experience-based businesses. As of September 30, 2025, the companys portfolio consisted of 2,266 properties spanning 645 concepts across 48 states, with a weighted average lease term of 14.4 years, a weighted average rent coverage ratio of 3.6x, and 99.8% leased.
The company was founded in 2016, is headquartered in Princeton, New Jersey, and has traded on the NYSE since its June 2018 IPO. As a net lease REIT, Essential Properties operates under a structure in which tenants are generally responsible for property-level operating expenses such as real estate taxes, insurance, and maintenance, providing the landlord with predictable, long-duration rental cash flows while limiting direct operating exposure.
- Net lease REIT expands portfolio across service-based tenants
- Long weighted average lease term of 14.4 years supports revenue stability
- Rising interest rates pressure REIT capital costs and dividend yields
| Net Income: 262.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.59 > 1.0 |
| NWC/Revenue: 95.26% < 20% (prev 103.8%; Δ -8.55% < -1%) |
| CFO/TA 0.06 > 3% & CFO 433.1m > Net Income 262.5m |
| Net Debt (2.51b) to EBITDA (502.1m): 5.00 < 3 |
| Current Ratio: 7.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (219.1m) vs 12m ago 9.63% < -2% |
| Gross Margin: 67.82% > 18% (prev 98.70%; Δ -30.87% > 0.5%) |
| Asset Turnover: 9.62% > 50% (prev 8.03%; Δ 1.59% > 0%) |
| Interest Coverage Ratio: 2.51 > 6 (EBIT TTM 324.9m / Interest Expense TTM 129.7m) |
| A: 0.09 (Total Current Assets 761.6m - Total Current Liabilities 106.4m) / Total Assets 7.69b |
| B: -0.01 (Retained Earnings -109.3m / Total Assets 7.69b) |
| C: 0.05 (EBIT TTM 324.9m / Avg Total Assets 7.15b) |
| D: 1.46 (Book Value of Equity 4.54b / Total Liabilities 3.11b) |
| Altman-Z'' = 2.35 = BBB |
As of November 02, 2026, the stock is trading at USD 26.75 with a total of 2,767,630 shares traded. Over the past week, the price has changed by +0.30%, over one month by +3.08%, over three months by -13.40% and over the past year by -6.55%.
Current recommended Stop Loss: 25.70 (which is 3.9% or 1.7 ATR below the current price).
Essential Properties Realty has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy EPRT.
- StrongBuy: 16
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.4 | 28.5% |
P/E Trailing = 19.3088
P/E Forward = 22.779
P/S = 9.2506
P/B = 1.3182
Revenue TTM = 687.8m USD
EBIT TTM = 324.9m USD
EBITDA TTM = 502.1m USD
Long Term Debt = 2.51b USD (from longTermDebt, last fiscal year)
Short Term Debt = 923k USD (from shortTermDebt, last fiscal year)
Debt = 2.54b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 14.2m
Net Debt = 2.51b USD (calculated: Debt 2.54b - CCE 25.2m)
Enterprise Value = 8.21b USD (5.69b + Debt 2.54b - CCE 25.2m)
Interest Coverage Ratio = 2.51 (Ebit TTM 324.9m / Interest Expense TTM 129.7m)
EV/FCF = 178.1x (Enterprise Value 8.21b / FCF TTM 46.1m)
FCF Yield = 0.56% (FCF TTM 46.1m / Enterprise Value 8.21b)
FCF Margin = 6.70% (FCF TTM 46.1m / Revenue TTM 687.8m)
Net Margin = 38.17% (Net Income TTM 262.5m / Revenue TTM 687.8m)
Gross Margin = 67.82% ((Revenue TTM 687.8m - Cost of Revenue TTM 221.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 77.62%)
Tobins Q-Ratio = 1.07 (Enterprise Value 8.21b / Total Assets 7.69b)
Interest Expense / Debt = 5.11% (Interest Expense 129.7m / Debt 2.54b)
Taxrate = 0.44% (1.17m / 264.5m)
NOPAT = 323.4m (EBIT 324.9m * (1 - 0.44%))
Current Ratio = 7.16 (Total Current Assets 761.6m / Total Current Liabilities 106.4m)
Debt / Equity = 0.56 (Debt 2.54b / totalStockholderEquity, last quarter 4.54b)
Debt / EBITDA = 5.00 (Net Debt 2.51b / EBITDA 502.1m)
Debt / FCF = 54.50 (Net Debt 2.51b / FCF TTM 46.1m)
Total Stockholder Equity = 4.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.67% (Net Income 262.5m / Total Assets 7.69b)
RoE = 5.99% (Net Income TTM 262.5m / Total Stockholder Equity 4.38b)
RoCE = 4.71% (EBIT 324.9m / Capital Employed (Equity 4.38b + L.T.Debt 2.51b))
RoIC = 4.28% (NOPAT 323.4m / Invested Capital 7.56b)
WACC = 5.40% (E(5.69b)/V(8.23b) * Re(5.54%) + D(2.54b)/V(8.23b) * Rd(5.11%) * (1-Tc(0.00)))
Discount Rate = 5.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.73 | Cagr: 9.79%
[DCF] Terminal Value 73.10% ; FCFF base≈59.1m ; Y1≈51.8m ; Y5≈41.9m
[DCF] Fair Price = N/A (negative equity: EV 672.1m - Net Debt 2.51b = -1.84b; debt exceeds intrinsic value)
EPS Correlation: 85.56 | EPS CAGR: 11.72% | SUE: 1.41 | # QB: 3
Revenue Correlation: 99.77 | Revenue CAGR: 26.50% | SUE: -0.05 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.33 | Chg30d=-4.90% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=1.35 | Chg30d=+3.05% | Revisions=-40% | GrowthEPS=+6.0% | GrowthRev=+17.8%
EPS next Year (2027-12-31): EPS=1.34 | Chg30d=-3.94% | Revisions=+50% | GrowthEPS=-0.4% | GrowthRev=+16.9%
[Analyst] Revisions Ratio: +30% (up=5, down=2)