Symbols / EPRT Stock $31.42 -0.25% Essential Properties Realty Trust, Inc.

Real Estate • REIT - Retail • United States • NYQ
EPRT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Retail
CEO Mr. Peter M. Mavoides
Exch · Country NYQ · United States
Market Cap 6.79B
Enterprise Value 9.43B
Income 255.67M
Sales 590.66M
FCF (ttm) 296.63M
Book/sh 20.03
Cash/sh 0.07
Employees 56
Insider 10d —
IPO Jun 21, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 96.06%
P/E 24.74
Forward P/E 23.12
PEG —
P/S 11.50
P/B 1.57
P/C —
EV/EBITDA 17.42
EV/Sales 15.97
Quick Ratio 2.53
Current Ratio 2.72
Debt/Eq 60.12
LT Debt/Eq —
EPS (ttm) 1.27
EPS next Y 1.36
EPS Growth -4.30%
Revenue Growth 22.80%
EPS Gr Q/Q 6.60%
Rev Gr Q/Q —
Earnings (next) 2026-07-22
Earnings (prior) 2026-04-22
ROA 3.59%
ROE 6.26%
ROIC —
Gross Margin 98.73%
Oper. Margin 63.71%
Profit Margin 43.46%
Shs Outstand 216.25M
Shs Float 215.20M
Insider Own 0.63%
Instit Own 112.18%
Short Float 10.87%
Short Ratio 7.17
Short Interest 16.87M
52W High 34.73
vs 52W High -9.53%
52W Low 28.95
vs 52W Low 8.53%
Beta 1.02
Impl. Vol. 3.13%
Rel Volume 0.94
Avg Volume 2.25M
Volume 2.11M
Target (mean) $37.27
Tgt Median $37.00
Tgt Low $33.00
Tgt High $40.00
# Analysts 20
Recom Strong_buy
Prev Close $31.50
Price $31.42
Change -0.25%
About

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$37.28
Mean price target
2. Current target
$31.42
Latest analyst target
3. DCF / Fair value
$24.69
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$31.42
Low
$33.00
High
$40.00
Mean
$37.28

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-23 main Stifel Buy → Buy $37
2026-04-21 main Barclays Overweight → Overweight $40
2026-03-17 up Raymond James Outperform → Strong Buy $37
2026-03-11 main Mizuho Outperform → Outperform $37
2026-03-10 main Truist Securities Buy → Buy $37
2026-03-09 main UBS Buy → Buy $40
2026-03-02 main Scotiabank Sector Perform → Sector Perform $35
2026-02-17 main Evercore ISI Group Outperform → Outperform $36
2025-12-17 main Mizuho Outperform → Outperform $33
2025-12-15 main Evercore ISI Group Outperform → Outperform $35
2025-11-25 main Scotiabank Sector Perform → Sector Perform $34
2025-10-24 main Cantor Fitzgerald Overweight → Overweight $36
2025-10-13 init Berenberg — → Buy $36
2025-10-01 init Cantor Fitzgerald — → Overweight $35
2025-09-17 main Stifel Buy → Buy $36
2025-09-15 up Evercore ISI Group In-Line → Outperform $36
2025-09-11 main Mizuho Outperform → Outperform $32
2025-08-15 main UBS Buy → Buy $38
2025-07-21 main Barclays Overweight → Overweight $36
2025-07-16 main UBS Buy → Buy $36
News
RSS: Latest EPRT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-14 MAVOIDES PETER M Chief Executive Officer — 1,950 $0.00 $0
2026-04-14 EARNSHAW TIMOTHY J Officer and Treasurer — 89 $0.00 $0
2026-04-14 PEIL A JOSEPH Chief Investment Officer — 165 $0.00 $0
2026-04-14 JENKINS ROBERT M Chief Operating Officer — 165 $0.00 $0
2026-03-24 MAVOIDES PETER M Chief Executive Officer — 30,098 $0.00 $0
2026-03-20 PEIL A JOSEPH Chief Investment Officer — 19,657 $32.10 $630,990
2026-03-20 SALISBURY ROBERT WEBB Chief Financial Officer — 5,851 $31.88 $186,530
2026-02-10 MAVOIDES PETER M Chief Executive Officer — 404,116 $0.00 $0
2026-02-10 EARNSHAW TIMOTHY J Officer and Treasurer — 18,449 $0.00 $0
2026-02-10 PEIL A JOSEPH Chief Technology Officer — 34,165 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
561.22
+24.82%
449.61
+25.03%
359.60
+25.51%
286.51
Operating Revenue
559.16
+24.49%
449.16
+25.45%
358.02
+25.48%
285.33
Cost Of Revenue
7.58
+51.61%
5.00
+7.16%
4.66
+35.08%
3.45
Reconciled Cost Of Revenue
7.71
+47.18%
5.24
+6.01%
4.94
+34.59%
3.67
Gross Profit
553.64
+24.52%
444.61
+25.27%
354.93
+25.39%
283.05
Operating Expense
194.57
+23.50%
157.55
+18.64%
132.80
+12.43%
118.11
Selling General And Administration
40.86
+16.22%
35.16
+14.61%
30.68
+4.12%
29.46
General And Administrative Expense
40.86
+16.22%
35.16
+14.61%
30.68
+4.12%
29.46
Other Gand A
40.86
+16.22%
35.16
+14.61%
30.68
+4.12%
29.46
Other Operating Expenses
—
—
—
—
Total Expenses
202.15
+24.36%
162.55
+18.25%
137.46
+13.08%
121.57
Operating Income
359.07
+25.08%
287.06
+29.23%
222.13
+34.68%
164.94
Total Operating Income As Reported
359.92
+29.38%
278.19
+14.60%
242.75
+38.38%
175.42
EBITDA
516.06
+27.43%
404.97
+16.75%
346.87
+31.06%
264.67
Normalized EBITDA
515.21
+24.49%
413.84
+26.80%
326.36
+27.32%
256.33
Reconciled Depreciation
153.47
+25.88%
121.92
+19.60%
101.94
+15.39%
88.34
EBIT
362.46
+28.16%
282.81
+15.60%
244.65
+38.92%
176.11
Total Unusual Items
0.85
+109.61%
-8.87
-143.25%
20.50
+145.69%
8.35
Total Unusual Items Excluding Goodwill
0.85
+109.61%
-8.87
-143.25%
20.50
+145.69%
8.35
Special Income Charges
-12.00
+19.18%
-14.85
-305.16%
-3.66
+83.57%
-22.30
Other Special Charges
—
—
0.12
-94.57%
2.14
Impairment Of Capital Assets
12.00
-19.18%
14.85
+318.40%
3.55
-82.40%
20.16
Net Income
253.01
+24.63%
203.00
+6.45%
190.71
+42.18%
134.13
Pretax Income
254.38
+24.53%
204.27
+6.36%
192.05
+41.48%
135.74
Net Non Operating Interest Income Expense
-105.55
-39.84%
-75.47
-49.20%
-50.59
-34.73%
-37.55
Interest Expense Non Operating
108.08
+37.61%
78.54
+49.33%
52.60
+30.29%
40.37
Net Interest Income
-105.55
-39.84%
-75.47
-49.20%
-50.59
-34.73%
-37.55
Interest Expense
108.08
+37.61%
78.54
+49.33%
52.60
+30.29%
40.37
Interest Income Non Operating
2.54
-17.33%
3.07
+52.61%
2.01
-28.81%
2.83
Interest Income
2.54
-17.33%
3.07
+52.61%
2.01
-28.81%
2.83
Other Income Expense
0.85
+111.64%
-7.32
-135.70%
20.50
+145.69%
8.35
Other Non Operating Income Expenses
—
1.55
—
—
Gain On Sale Of Security
12.85
+114.97%
5.98
-75.27%
24.17
-21.14%
30.65
Tax Provision
0.64
+2.55%
0.63
-1.26%
0.64
-36.27%
1.00
Tax Rate For Calcs
0.00
-17.63%
0.00
-7.19%
0.00
-54.95%
0.00
Tax Effect Of Unusual Items
0.00
+107.91%
-0.03
-140.15%
0.07
+10.66%
0.06
Net Income Including Noncontrolling Interests
253.73
+24.60%
203.64
+6.39%
191.41
+42.06%
134.74
Net Income From Continuing Operation Net Minority Interest
253.01
+24.63%
203.00
+6.45%
190.71
+42.18%
134.13
Net Income From Continuing And Discontinued Operation
253.01
+24.63%
203.00
+6.45%
190.71
+42.18%
134.13
Net Income Continuous Operations
253.73
+24.60%
203.64
+6.39%
191.41
+42.06%
134.74
Minority Interests
-0.72
-13.25%
-0.63
+10.45%
-0.71
-15.69%
-0.61
Normalized Income
252.16
+19.03%
211.84
+24.42%
170.27
+35.30%
125.85
Net Income Common Stockholders
252.12
+24.48%
202.53
+6.43%
190.30
+42.27%
133.76
Otherunder Preferred Stock Dividend
0.89
+89.19%
0.47
+15.97%
0.41
+8.82%
0.37
Diluted EPS
1.28
+11.30%
1.15
-7.26%
1.24
+25.25%
0.99
Basic EPS
1.29
+11.21%
1.16
-7.20%
1.25
+26.26%
0.99
Basic Average Shares
196.05
+12.77%
173.86
+14.27%
152.14
+12.75%
134.94
Diluted Average Shares
198.05
+11.82%
177.12
+15.37%
153.52
+13.00%
135.86
Diluted NI Availto Com Stockholders
252.84
+24.45%
203.17
+6.37%
191.01
+42.15%
134.37
Average Dilution Earnings
0.72
+13.25%
0.63
-10.45%
0.71
+15.69%
0.61
Depreciation Amortization Depletion Income Statement
153.60
+25.74%
122.16
+19.51%
102.22
+15.42%
88.56
Depreciation And Amortization In Income Statement
153.60
+25.74%
122.16
+19.51%
102.22
+15.42%
88.56
Provision For Doubtful Accounts
0.11
-53.04%
0.23
+332.32%
-0.10
-212.50%
0.09
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
6,863.02
+18.35%
5,798.68
+21.61%
4,768.26
+19.21%
4,000.03
Current Assets
704.80
+21.42%
580.45
+38.04%
420.48
+0.62%
417.89
Cash Cash Equivalents And Short Term Investments
60.18
+47.82%
40.71
+2.28%
39.81
-36.15%
62.34
Cash And Cash Equivalents
60.18
+47.82%
40.71
+2.28%
39.81
-36.15%
62.34
Receivables
631.80
+20.24%
525.45
+44.33%
364.06
+6.57%
341.61
Accounts Receivable
230.47
+32.93%
173.38
+23.66%
140.21
+38.03%
101.58
Loans Receivable
401.32
+13.99%
352.07
+57.27%
223.85
-6.74%
240.03
Inventory
2.63
-73.70%
10.02
+34.38%
7.46
+55.96%
4.78
Finished Goods
2.63
-73.70%
10.02
+34.38%
7.46
+55.96%
4.78
Restricted Cash
10.18
+138.78%
4.26
-53.42%
9.16
+0.01%
9.15
Total Non Current Assets
6,158.23
+18.01%
5,218.24
+20.02%
4,347.78
+21.37%
3,582.14
Goodwill And Other Intangible Assets
—
—
—
—
Other Intangible Assets
—
—
—
—
Other Non Current Assets
—
—
—
—
Total Liabilities Net Minority Interest
2,655.13
+19.25%
2,226.55
+25.00%
1,781.26
+18.49%
1,503.26
Current Liabilities
106.42
+17.26%
90.75
+15.71%
78.43
+14.23%
68.66
Payables And Accrued Expenses
106.42
+17.26%
90.75
+15.71%
78.43
+14.23%
68.66
Payables
65.39
+17.59%
55.61
+17.86%
47.18
+19.76%
39.40
Dividends Payable
65.39
+17.59%
55.61
+17.86%
47.18
+19.76%
39.40
Current Accrued Expenses
41.03
+16.74%
35.15
+12.47%
31.25
+6.79%
29.26
Current Debt And Capital Lease Obligation
—
—
11.21
-2.99%
11.55
Current Capital Lease Obligation
—
—
11.21
-2.99%
11.55
Total Non Current Liabilities Net Minority Interest
2,548.71
+19.33%
2,135.80
+25.43%
1,702.83
+18.70%
1,434.60
Long Term Debt And Capital Lease Obligation
2,522.48
+18.53%
2,128.22
+26.69%
1,679.82
+17.28%
1,432.33
Long Term Debt
2,511.72
+18.62%
2,117.52
+26.90%
1,668.62
+17.44%
1,420.78
Long Term Capital Lease Obligation
10.77
+0.62%
10.70
-4.52%
11.21
-2.99%
11.55
Other Non Current Liabilities
—
—
11.21
-2.99%
11.55
Stockholders Equity
4,199.99
+17.86%
3,563.68
+19.64%
2,978.58
+19.71%
2,488.26
Common Stock Equity
4,199.99
+17.86%
3,563.68
+19.64%
2,978.58
+19.71%
2,488.26
Capital Stock
2.10
+11.84%
1.88
+13.91%
1.65
+15.59%
1.42
Common Stock
2.10
+11.84%
1.88
+13.91%
1.65
+15.59%
1.42
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
209.70
+11.82%
187.54
+13.91%
164.64
+15.63%
142.38
Ordinary Shares Number
209.70
+11.82%
187.54
+13.91%
164.64
+15.63%
142.38
Additional Paid In Capital
4,328.14
+18.31%
3,658.22
+18.83%
3,078.46
+20.10%
2,563.30
Retained Earnings
-109.26
+3.57%
-113.30
-7.35%
-105.55
+9.93%
-117.19
Gains Losses Not Affecting Retained Earnings
-20.98
-224.24%
16.89
+320.15%
4.02
-90.13%
40.72
Minority Interest
7.90
-6.50%
8.45
+0.31%
8.42
-1.02%
8.51
Other Equity Adjustments
-20.98
-224.24%
16.89
+320.15%
4.02
-90.13%
40.72
Total Equity Gross Minority Interest
4,207.89
+17.80%
3,572.13
+19.59%
2,987.00
+19.63%
2,496.77
Total Capitalization
6,711.71
+18.14%
5,681.19
+22.25%
4,647.20
+18.88%
3,909.04
Working Capital
598.38
+22.19%
489.69
+43.17%
342.05
-2.06%
349.23
Invested Capital
6,711.71
+18.14%
5,681.19
+22.25%
4,647.20
+18.88%
3,909.04
Total Debt
2,522.48
+18.53%
2,128.22
+26.69%
1,679.82
+17.28%
1,432.33
Net Debt
2,451.54
+18.04%
2,076.80
+27.50%
1,628.81
+19.90%
1,358.43
Capital Lease Obligations
10.77
+0.62%
10.70
-4.52%
11.21
-2.99%
11.55
Net Tangible Assets
4,199.99
+17.86%
3,563.68
+19.64%
2,978.58
+19.71%
2,488.26
Tangible Book Value
4,199.99
+17.86%
3,563.68
+19.64%
2,978.58
+19.71%
2,488.26
Derivative Product Liabilities
26.23
+245.76%
7.58
-67.03%
23.00
+911.65%
2.27
Financial Assets
7.86
-71.64%
27.71
-10.54%
30.98
-35.29%
47.88
Investment Properties
6,150.37
+18.49%
5,190.52
+20.24%
4,316.80
+22.14%
3,534.26
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
381.08
+23.53%
308.48
+21.18%
254.57
+20.64%
211.02
Cash Flow From Continuing Operating Activities
381.08
+23.53%
308.48
+21.18%
254.57
+20.64%
211.02
Net Income From Continuing Operations
253.73
+24.60%
203.64
+6.39%
191.41
+42.06%
134.74
Depreciation Amortization Depletion
153.47
+25.88%
121.92
+19.60%
101.94
+15.39%
88.34
Depreciation
153.60
+25.74%
122.16
+19.51%
102.22
+15.42%
88.56
Amortization Cash Flow
-0.13
+45.80%
-0.24
+13.45%
-0.28
-26.73%
-0.22
Depreciation And Amortization
153.47
+25.88%
121.92
+19.60%
101.94
+15.39%
88.34
Amortization Of Intangibles
-0.13
+45.80%
-0.24
+13.45%
-0.28
-26.73%
-0.22
Other Non Cash Items
-42.87
-36.23%
-31.47
-38.99%
-22.64
-59.08%
-14.23
Stock Based Compensation
13.18
+21.75%
10.83
+20.24%
9.01
-5.09%
9.49
Provisionand Write Offof Assets
3.56
+311.79%
0.86
+59.89%
0.54
+17.86%
0.46
Asset Impairment Charge
12.00
-19.18%
14.85
+318.40%
3.55
-82.40%
20.16
Operating Gains Losses
-12.85
-114.97%
-5.98
+75.15%
-24.05
+15.64%
-28.51
Gain Loss On Investment Securities
-12.85
-114.97%
-5.98
+75.27%
-24.17
+21.14%
-30.65
Change In Working Capital
0.85
+113.81%
-6.17
-18.92%
-5.19
-1020.04%
0.56
Change In Receivables
-7.26
-0.01%
-7.26
-21.86%
-5.96
-232.15%
4.51
Changes In Account Receivables
-7.26
-0.01%
-7.26
-21.86%
-5.96
-232.15%
4.51
Change In Payables And Accrued Expense
8.11
+646.18%
1.09
+41.72%
0.77
+119.45%
-3.94
Change In Accrued Expense
8.11
+646.18%
1.09
+41.72%
0.77
+119.45%
-3.94
Investing Cash Flow
-1,154.05
-2.75%
-1,123.17
-31.04%
-857.12
-21.39%
-706.08
Cash Flow From Continuing Investing Activities
-1,154.05
-2.75%
-1,123.17
-31.04%
-857.12
-21.39%
-706.08
Net Investment Purchase And Sale
128.56
+32.64%
96.93
-24.63%
128.60
+1.57%
126.61
Sale Of Investment
128.56
+32.64%
96.93
-24.63%
128.60
+1.57%
126.61
Net Other Investing Changes
-73.09
+42.55%
-127.23
-1027.83%
13.71
+126.34%
-52.06
Financing Cash Flow
798.35
-1.52%
810.70
+39.77%
580.01
+14.45%
506.80
Cash Flow From Continuing Financing Activities
798.35
-1.52%
810.70
+39.77%
580.01
+14.45%
506.80
Net Issuance Payments Of Debt
390.67
-12.12%
444.57
+79.28%
247.97
-2.19%
253.52
Issuance Of Debt
1,245.67
+87.44%
664.57
+109.00%
317.97
-54.35%
696.52
Repayment Of Debt
-855.00
-288.64%
-220.00
-214.29%
-70.00
+84.20%
-443.00
Long Term Debt Issuance
1,245.67
+87.44%
664.57
+109.00%
317.97
-54.35%
696.52
Long Term Debt Payments
-855.00
-288.64%
-220.00
-214.29%
-70.00
+84.20%
-443.00
Net Long Term Debt Issuance
390.67
-12.12%
444.57
+79.28%
247.97
-2.19%
253.52
Short Term Debt Issuance
—
—
70.00
-82.39%
397.52
Short Term Debt Payments
—
—
-70.00
+84.20%
-443.00
Net Short Term Debt Issuance
—
—
0.00
-100.00%
397.52
Net Common Stock Issuance
657.59
+15.32%
570.24
+12.40%
507.32
+25.61%
403.88
Common Stock Dividend Paid
-233.94
-17.17%
-199.66
-18.68%
-168.23
-18.73%
-141.69
Cash Dividends Paid
-233.94
-17.17%
-199.66
-18.68%
-168.23
-18.73%
-141.69
Net Other Financing Charges
-15.97
-258.79%
-4.45
+36.83%
-7.04
+21.00%
-8.92
Changes In Cash
25.39
+737.06%
-3.98
+82.32%
-22.54
-291.93%
11.74
Beginning Cash Position
44.98
-8.14%
48.96
-31.52%
71.50
+19.65%
59.76
End Cash Position
70.36
+56.44%
44.98
-8.14%
48.96
-31.52%
71.50
Free Cash Flow
381.08
+23.53%
308.48
+21.18%
254.57
+20.64%
211.02
Interest Paid Supplemental Data
99.08
+34.43%
73.70
+48.63%
49.59
+34.63%
36.83
Income Tax Paid Supplemental Data
0.24
-72.95%
0.90
-39.30%
1.49
+22.41%
1.21
Common Stock Issuance
657.59
+15.32%
570.24
+12.40%
507.32
+25.61%
403.88
Issuance Of Capital Stock
657.59
+15.32%
570.24
+12.40%
507.32
+25.61%
403.88
Net Investment Properties Purchase And Sale
-1,209.52
-10.67%
-1,092.86
-9.35%
-999.44
-28.03%
-780.62
Purchase Of Investment Properties
-1,209.52
-10.67%
-1,092.86
-9.33%
-999.62
-28.05%
-780.62
Sale Of Investment Properties
—
—
0.19
—
SEC Filings

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