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) Operating margin

Alert me on Operating margin

Essential Properties Realty Trust, Inc.'s operating margin over the twelve months to 30 September 2026 was 60.6%, down 3.5 percentage points from fiscal 2025 (64.1%). Over the past ten years it has ranged from −0.62% (fiscal 2017) to 67.5% (fiscal 2023); the current reading is higher than 90% of that period. That is above the Reit Retail industry median of 36.9% and above the Real Estate sector median of 17.8%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 64.1% 2.26
FY2024 61.9% (5.64)
FY2023 67.5% 6.28
FY2022 61.2% 2.85
FY2021 58.4% 13.97
FY2020 44.4% (12.86)
FY2019 57.3% 42.27
FY2018 15.0% 15.62
FY2017 −0.62% (19.65)
FY2016 19.0% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 56.0% (8.47)
Jun 2026 64.5% 8.05
Mar 2026 56.5% (9.44)
Dec 2025 65.9% 1.22
33 more quarters

Against its own ten years

Low −0.62% High 67.5%
Ten-year median 57.8%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
NNN NNN REIT, Inc. compare 62.9%
EPRT Essential Properties Realty Trust, Inc. 60.6%
KRG Kite Realty Group Trust compare 54.3%
ADC Agree Realty Corporation compare 48.9%
FRT Federal Realty Investment Trust compare 47.7%
BRX Brixmor Property Group Inc. compare 36.8%
SKT Tanger Inc. compare 30.2%
PECO Phillips Edison & Company, Inc. compare 29.5%
MAC Macerich Company (The) compare 0.00%
Reit Retail industry median 36.9%
Real Estate sector median 17.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on EPRT