Essential Properties Realty Trust, Inc.

EPRT Real Estate Reit Retail

Essential Properties Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $561.2 million, up 24.8% from fiscal 2024.

Revenue
+16.4%
EPS
−15.2%
Free cash flow
+12.9%
Total debt
+12.7%

Quarter to September 2026, against a year earlier

27.91 0.43 −1.52%
Market cap
$6.3B
P/E
22.8×
Fwd P/E
21.0×
Dividend yield
4.46%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Essential Properties Realty Trust, Inc. 10-Q filed Oct 21, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:58 PM ET · Document on sec.gov · Filing index

Red flags

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 22, 2026: 5 added · 6 removed · 33 modified; 60 with only figures updated

  1. Modified · Overview

    Healthy Rent Coverage Ratio and Tenant Financial Reporting. As of JuneSeptember 30, 2026, our portfolio’s weighted average unit-level rent coverage ratio was 3.5x, and 99.299.3% of our leases (based on annualized base rent) obligate the tenant to periodically provide us with specified unit-level financial reporting. "Unit-Level Rent coverage ratio" means, as of a specified date, the ratio of (x) tenant-reported or, when unavailable, management's estimate (based on tenant-reported financial information) of annual earnings before interest, taxes, depreciation, amortization and cash rent attributable to the leased property (or properties, in the case of a master lease) to (y) the annualized base rental obligation, excluding properties with no cash ABR and properties under construction.