Essential Properties Realty Trust, Inc. (EPRT) vs NNN REIT, Inc. (NNN)

Essential Properties Realty Trust, Inc. and NNN REIT, Inc. are both Reit Retail companies. NNN REIT, Inc. is the larger, with a market value of $8.0B against $5.8B — 1.4× the size. NNN REIT, Inc. trades at the lower P/E: 20.2× against 20.6×. Essential Properties Realty Trust, Inc. grew revenue faster over the last twelve months: 22.3% against 6.54%. Essential Properties Realty Trust, Inc. has the higher net margin (43.5% vs 40.4%) and the lower return on invested capital (3.35% vs 3.92%). Both pay a dividend; NNN REIT, Inc. yields more (5.73% vs 4.54%). Across the 22 metrics below, Essential Properties Realty Trust, Inc. leads on 11 and NNN REIT, Inc. on 11.

Valuation

Metric EPRT NNN Reit Retail median
P/E 20.57 20.25 24.82
P/S 9.32 8.19 6.69
P/B 1.29 1.75 1.75
Price to free cash flow n/m n/m 13.29
EV/EBITDA 15.02 14.51 15.42
EV/Sales 13.82 13.43 10.60
Earnings yield 4.86% 4.94% 3.91%
Free cash flow yield (13.58%) (0.53%) 2.98%

Profitability

Metric EPRT NNN Reit Retail median
Gross margin 98.96% 96.09% 71.78%
Operating margin 62.80% 62.30% 34.62%
Net margin 43.51% 40.35% 27.14%
Free cash flow margin (126.59%) (4.37%) 18.82%
Return on equity 6.46% 8.72% 7.05%
Return on assets 3.89% 4.10% 3.40%
Return on invested capital 3.35% 3.92% 3.18%

Growth

Metric EPRT NNN Reit Retail median
Revenue growth (TTM) 22.30% 6.54% 8.49%
EPS growth (last fiscal year) 11.30% (3.72%) —
Revenue growth, 5-year CAGR 27.89% 6.99% 8.62%
Net income growth, 5-year CAGR 43.03% 13.07% 1.85%

Health

Metric EPRT NNN Reit Retail median
Debt to equity 0.65 1.12 0.94
Current ratio 8.17 1.15 1.62
Net debt to EBITDA 4.67 5.54 5.40

Dividend

Metric EPRT NNN Reit Retail median
Dividend yield 4.54% 5.73% 4.57%
Payout ratio 0.96 1.08 1.21

Size

Metric EPRT NNN Reit Retail median
Market cap 5.77b 7.98b 3.65b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack