(EPRT) Essential Properties Realty - NYSE
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 6.580m USD | Total Return: -1.1% in 12m
Avg Turnover: 59.3M
EPS Trend: 92.8%
Qual. Beats: 1
Rev. Trend: 100.0%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
Seasonality
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: 256.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -5.46 > 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 98.68%; Δ -28.35% > 0.5%) |
| Asset Turnover: 8.98% > 50% (prev 7.85%; Δ 1.13% > 0%) |
| Interest Coverage Ratio: 3.07 > 6 (EBIT TTM 376.6m / 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: 1.59 (Book Value of Equity 4.39b / Total Liabilities 2.76b) |
| Altman-Z'' = 2.52 = A |
As of June 29, 2026, the stock is trading at USD 30.62 with a total of 1,883,244 shares traded. Over the past week, the price has changed by +4.29%, over one month by -1.32%, over three months by +0.53% and over the past year by -1.05%.
Current recommended Stop Loss: 29.60 (which is 3.3% or 1.6 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 | 21% |
P/E Trailing = 23.8976
P/E Forward = 24.6305
P/S = 11.1408
P/B = 1.4514
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 = 9.22b USD (6.58b + Debt 2.65b - CCE 15.2m)
Interest Coverage Ratio = 3.07 (Ebit TTM 376.6m / Interest Expense TTM 122.8m)
EV/FCF = -19.95x (Enterprise Value 9.22b / FCF TTM -462.2m)
FCF Yield = -5.01% (FCF TTM -462.2m / Enterprise Value 9.22b)
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 9.22b / Total Assets 7.15b)
Interest Expense / Debt = 4.63% (Interest Expense 122.8m / Debt 2.65b)
Taxrate = 0.25% (645k / 258.0m)
NOPAT = 375.6m (EBIT 376.6m * (1 - 0.25%))
Current Ratio = 6.34 (Total Current Assets 674.4m / Total Current Liabilities 106.4m)
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 = -5.71 (negative FCF - burning cash) (Net Debt 2.64b / 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 = 5.26% (NOPAT 375.6m / Invested Capital 7.14b)
WACC = 5.96% (E(6.58b)/V(9.23b) * Re(6.50%) + D(2.65b)/V(9.23b) * Rd(4.63%) * (1-Tc(0.00)))
Discount Rate = 6.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 13.59%
[DCF] Fair Price = unknown (Cash Flow -462.2m)
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=-3.60% | Revisions=+43% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.35 | Chg30d=-3.92% | Revisions=+43% | Analysts=4
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+1.42% | Revisions=-33% | GrowthEPS=+5.2% | GrowthRev=+19.1%
EPS next Year (2027-12-31): EPS=1.40 | Chg30d=+1.89% | Revisions=+43% | GrowthEPS=+4.5% | GrowthRev=+15.8%
[Analyst] Revisions Ratio: +43%