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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. In the quarter to June 2026, revenue grew 18.1%, EPS grew 6.25%, free cash flow grew 28.3% and total debt rose 25.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for five.

26.09 0.13 +0.50%
Market cap
$5.7B
P/E
20.2×
Fwd P/E
23.2×
Dividend yield
4.83%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.53
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 2 — — — 1 — — —
Insider Ownership 0.57%

Capital & Financial Ratios $m

Market Cap 5,660.00
Revenue 615.49
Net Income 268.51
Free Cash Flow (779.13)
Net Debt 2,768.82
Current Ratio 8.17
Debt/Equity 0.65
P/E ratio 20.22
Fwd P/E 23.20
P/S ratio 9.17
P/B ratio 1.27
Past 5Y EPS Growth 23.81% (at or above 15%: strong)
This Y EPS Growth 2.34%
Next Y EPS Growth 2.28%
Next Y revenue growth 19.04% (at or above 10%: strong)
Next 5Y EPS Growth 1.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 13.7×, against a ten-year median of 16.0×; over the ten years it ranged from 11.6× in 2018 to 24.6× in 2021.
P/E against its own 10 years 7.79%
10-year low 10-year high
P/S against its own 10 years 16.16%
10-year low 10-year high
P/B against its own 10 years 33.09%
10-year low 10-year high
EV/Sales against its own 10 years 14.20%
10-year low 10-year high

Dividends

Payout Ratio 0.98
Annual Dividend Rate 1.26
Annual Dividend Yield 4.83%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.27
0.31
0.32
0.32
2025 1.21
0.30
0.30
0.30
0.31
2024 1.45
0.29
0.29
0.29
0.29
0.30
2023 1.12
0.28
0.28
0.28
0.29
2022 1.08
0.26
0.27
0.27
0.28
2021 1.00
0.24
0.25
0.25
0.26
2020 0.93
0.23
0.23
0.23
0.24
2019 0.88
0.21
0.22
0.22
0.23
2018 0.43
0.22
0.21
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 49 45 70 134
Receivables 108 143 191 226
Inventory — — — —
Other — — — —
157 188 261 360
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
31 35 41 44

Compound Annual Growth %

10y 5y 3y
Sales — 27.89% 25.12%
Cash Flow — 30.84% 21.78%
Earnings — 43.03% 23.56%
Book Value — 21.61% 19.00%

Revenue $m

Mar Jun Sep Dec Year
’26 159 162 — — —
’25 129 137 145 150 561
’24 104 109 117 120 450
’23 84 87 92 98 360
’22 70 71 71 74 287
’21 49 57 60 65 230
’20 41 39 43 41 164
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 100 110 — — —
’25 77 100 99 105 381
’24 67 81 74 87 308
’23 54 65 63 73 255
’22 44 58 53 56 211
’21 30 39 46 52 167
’20 26 10 32 31 99
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (237) (147) — — —
’25 (228) (206) (216) (180) (828)
’24 (168) (195) (189) (233) (784)
’23 (150) (211) (147) (236) (745)
’22 (142) (97) (113) (217) (570)
’21 (145) (128) (183) (226) (683)
’20 (133) (29) (77) (218) (456)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.28 0.34 — — —
’25 0.29 0.32 0.33 0.34 1.28
’24 0.28 0.29 0.27 0.30 1.15
’23 0.29 0.35 0.29 0.31 1.24
’22 0.21 0.27 0.26 0.25 0.99
’21 0.14 0.20 0.23 0.24 0.82
’20 0.15 0.11 0.13 0.05 0.44
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — 13.05 13.39 6.08 20.00 18.88 20.49 23.58 27.44

Analyst estimates 2026–2028

Powerpack
High — — 14.75 27.10 29.34 32.92 29.60 26.43 34.88 33.35
People
People Employees — 19 18 27 33 37 37 40 48 56
Revenue/emp, $m 0.00 2.87 5.35 5.16 4.97 6.22 7.74 8.99 9.37 10.02
Income, $m
Income, $m Revenue 16 54 96 139 164 230 287 360 450 561
Gross margin, % 96.57 97.16 97.94 97.80 97.63 97.50 98.80 98.70 98.89 98.65
EBT 4 6 21 48 43 96 136 192 204 254
EBT margin, % 24.66 11.86 21.63 34.68 26.06 41.89 47.38 53.41 45.43 45.33
Net income 4 6 21 48 43 96 135 191 204 254
Depreciation 6 22 35 46 66 76 95 108 129 163
Per share, $
Per share, $ Revenue 0.38 1.33 2.26 2.17 1.72 1.98 2.12 2.36 2.59 2.86
Earnings 0.09 0.15 0.36 0.65 0.44 0.82 0.99 1.25 1.16 1.29
Cash flow 0.26 0.55 1.08 1.38 1.04 1.44 1.56 1.67 1.77 1.94
Capex (7.08) (12.64) (11.89) (9.16) (5.83) (7.30) (5.78) (6.57) (6.29) (6.17)
Free cash flow (6.82) (12.09) (10.81) (7.78) (4.78) (5.87) (4.22) (4.90) (4.51) (4.23)
Book value 4.26 4.43 19.02 18.75 16.60 17.56 18.50 19.63 20.55 21.46
Shares, m 41 41 43 64 95 116 135 152 174 196
Valuation, ×
Valuation, × P/E 56.83 56.83 55.36 39.38 48.18 35.59 23.09 20.80 26.97 22.99
P/S 0.00 0.00 6.13 11.41 12.32 14.57 10.77 11.00 12.10 10.36
P/B 0.00 0.00 0.73 1.32 1.28 1.64 1.24 1.32 1.52 1.38
EV/Sales 0.00 0.00 11.58 16.48 17.09 19.37 15.48 15.50 16.71 14.71
EV/FCF (7.16) (7.16) (2.42) (4.60) (6.15) (6.53) (7.78) (7.48) (9.58) (9.97)
Cash, $m
Cash, $m Operating cash flow 11 22 46 89 99 167 211 255 308 381
Capex (290) (518) (507) (587) (555) (850) (781) (999) (1,093) (1,210)
Free cash flow (279) (495) (461) (499) (456) (683) (570) (745) (784) (828)
Balance, $m
Balance, $m Working capital 11 (212) 26 34 54 86 121 125 153 220
Total debt 273 512 540 727 815 1,166 1,421 1,669 2,118 2,512
Net debt 261 492 524 706 782 1,106 1,349 1,620 2,073 2,441
Shareholders’ equity 175 181 811 1,202 1,582 2,044 2,497 2,987 3,572 4,208
Returns, %
Returns, % ROA 0.53 0.89 1.34 2.49 1.89 3.31 3.68 4.35 3.84 4.00
ROIC 0.42 (0.03) 0.68 2.61 1.93 2.67 2.85 3.29 3.08 3.38
ROE 2.11 3.54 3.15 4.16 3.04 5.28 5.91 6.96 6.19 6.50
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Essential Properties Realty Trust, Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FRT Federal Realty Investment Trust $9.2B 21.4× 31.8× +7.76% (above 0%: growing) −45.81% (below 0%: shrinking) −1.70% (below 0%: shrinking) 69.15% 41.30% Compare
BRX Brixmor Property Group Inc. $8.4B 19.5× 26.3× +4.33% (above 0%: growing) −14.29% (below 0%: shrinking) −41.05% (below 0%: shrinking) 75.01% 34.33% Compare
ADC Agree Realty Corporation $8.3B 36.0× 37.9× +16.85% (above 0%: growing) +2.33% (above 0%: growing) −56.33% (below 0%: shrinking) 87.63% 46.47% Compare
NNN NNN REIT, Inc. $7.9B 20.4× 21.9× +7.70% (above 0%: growing) −3.70% (below 0%: shrinking) −108.69% (below 0%: shrinking) 96.62% 61.97% Compare
MAC Macerich Company (The) $6.8B — (loss-making) — (loss-making) −0.03% (below 0%: shrinking) n/m −57.87% (below 0%: shrinking) 53.67% 15.35% Compare
EPRT Essential Properties Realty Trust, Inc. $5.7B 20.2× 23.2× +18.11% (above 0%: growing) +6.25% (above 0%: growing) +28.34% (above 0%: growing) 99.33% 64.50%
PECO Phillips Edison & Company, Inc. $5.4B 33.2× 51.7× +6.68% (above 0%: growing) +230.00% (above 0%: growing) +147.93% (above 0%: growing) 71.21% 28.80% Compare
KRG Kite Realty Group Trust $4.9B 15.1× 79.4× −8.03% (below 0%: shrinking) +60.00% (above 0%: growing) −21.08% (below 0%: shrinking) 73.01% 23.52% Compare
SKT Tanger Inc. $4.1B 31.9× 35.3× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98% Compare
Median of peers $7.4B 21.4× 35.3× +7.19% +2.33% −48.69% 72.11% 32.66%

All 26 Reit Retail stocks →

Essential Properties Realty Trust, Inc. (EPRT) key facts

  • Strength: Essential Properties Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $561.2 million, up 24.8% from fiscal 2024.
  • Strength: Net income was $253.7 million, or $1.29 per share (basic), a net margin of 45.1%.
  • Essential Properties Realty Trust, Inc. (EPRT) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, EPRT traded at $26.09, a market capitalization of $5.7 billion.
  • At that price the stock trades at 20.2× trailing-twelve-month earnings and 9.2× sales; its P/E is higher than 8% of its own readings over the past ten years.
  • Essential Properties Realty Trust, Inc. pays an annual dividend of $1.26 per share, a yield of 4.83%, with a payout ratio of 97.7%.
  • Return on equity was 6.50% and debt-to-equity 0.65.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Essential Properties Realty Trust, Inc. (EPRT) Latest News

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stockrow.com/EPRT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com