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

28.24 0.12 +0.43%
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. (EPRT) Gross margin

Alert me on Gross margin

Essential Properties Realty Trust, Inc.'s gross margin over the twelve months to 30 September 2026 was 99.0%, up 0.3 percentage points from fiscal 2025 (98.7%). Over the past ten years it has ranged from 96.6% (fiscal 2016) to 98.9% (fiscal 2024); the current reading is higher than 70% of that period. That is above the Reit Retail industry median of 71.8% and above the Real Estate sector median of 62.8%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 98.7% (0.24)
FY2024 98.9% 0.19
FY2023 98.7% (0.10)
FY2022 98.8% 1.30
FY2021 97.5% (0.13)
FY2020 97.6% (0.17)
FY2019 97.8% (0.14)
FY2018 97.9% 0.78
FY2017 97.2% 0.59
FY2016 96.6% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 98.7% (0.60)
Jun 2026 99.3% 0.27
Mar 2026 99.1% 0.38
Dec 2025 98.7% (0.04)
33 more quarters

Against its own ten years

Low 96.6% High 98.9%
Ten-year median 97.9%
Current reading's percentile 97

Gross margin against peers

Company Gross margin
EPRT Essential Properties Realty Trust, Inc. 99.0%
NNN NNN REIT, Inc. compare 96.3%
ADC Agree Realty Corporation compare 87.6%
BRX Brixmor Property Group Inc. compare 75.3%
KRG Kite Realty Group Trust compare 73.0%
PECO Phillips Edison & Company, Inc. compare 71.1%
SKT Tanger Inc. compare 69.5%
FRT Federal Realty Investment Trust compare 67.7%
MAC Macerich Company (The) compare 0.00%
Reit Retail industry median 71.8%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on EPRT