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Essential Properties Realty Trust(NYSE) EPRT

Current Price$32.33
Market Cap$6.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2018)+240%
5 Year+37%
1 Year+10%
1 Month+7%
Essential Properties Realty Trust last closing stock price
MetricPriceDate
Last closeUSD 32.342026-07-24
Essential Properties Realty Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.97%USD 33.332026-07-17
1 month+7.4%USD 30.112026-06-24
3 month+4.02%USD 31.092026-04-24
Year to date+11.31%USD 29.052025-12-31
1 year+10.31%USD 29.322025-07-24
3 year+41.64%USD 22.832023-07-25
5 year+37.26%USD 23.562021-07-23
Since inception+239.62%USD 9.522018-06-21

Essential Properties Realty Trust Financials at a Glance

Market Cap

$6.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$664.04M

Net Income (TTM)

$267.96M

EPS (TTM)

$1.29

P/E Ratio

25.13

Dividend

$1.24

Beta (Volatility)

0.64 (Low)

Price

$32.33

Volume

76,978

Open

$32.24

Previous Close

$32.33

Daily Range

$32.00 - $32.51

52-Week Range

$28.95 - $34.73

Estimated Earnings Date

Oct 28, 2026

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About Essential Properties Realty Trust

Essential Properties helps service-oriented businesses by owning and leasing the buildings they need to operate. These companies pay rent while managing their own taxes, insurance, and maintenance costs. This setup allows business owners to free up cash for their daily operations.

What Properties Does It Own?

  • Service-Oriented Real Estate: Properties for car washes, medical services, and early childhood education; made up 91.5% of annualized base rent as of December 31, 2025.
  • Experience-Based Real Estate: Buildings for entertainment and health clubs that focus on in-person customer activities.
  • Restaurant Properties: Locations for quick service and casual dining brands that serve local communities.
  • Retail and Distribution: Essential facilities like convenience stores and equipment rental centers.

Recent Expansion Moves

  • Completed $1.3 billion of new investments in 270 properties during 2025.
  • Raised $390.7 million in August 2025 through the sale of 5.400% Senior Notes due 2035.
  • Sold over 10 million shares of common stock through an at-the-market program during 2025 to fund growth.
  • Issued 9,430,000 shares of common stock in a March 2025 public offering to strengthen the balance sheet.

Operational Strengths

The company uses master leases, where one contract covers multiple properties, to ensure tenants pay for all locations at once. This strategy, combined with long-term 14-year average lease terms, creates a steady flow of rental income.

The Numbers Behind the Growth

  • Revenue was $150.5 million in Q4 2025, up 25.8% from Q4 2024.
  • Net income reached $68.1 million in Q4 2025, up 22.9% year-over-year.
  • Operating cash flow was $105.1 million in Q4 2025, up 20.8% from the previous year.
  • Total gross investment in real estate grew to $7.2 billion by December 31, 2025.

Evolution Since 2016

Essential Properties has grown from a 2016 startup into a major owner of over 2,300 properties. The firm focuses on properties that are resistant to e-commerce competition while maintaining low debt levels relative to its earnings.

AI Generated • Apr 22, 2026

Industry

Equity Real Estate Investment Trusts (REITs)

Employees

56

CEO

Peter M. Mavoides, MBA

Headquarters

Princeton, NJ 08540, US

EPRT Financials

Key Financial Metrics (TTM)

Gross Margin

64.23%

Operating Margin

65.06%

Net Income Margin

43.37%

Return on Equity

6.37%

Return on Capital

5.39%

Return on Assets

3.58%

Earnings Yield

3.98%

Dividend Yield

3.83%

Payout Ratio

94.28%

Stock Overview

Market Cap

$6.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

216.27M

Volume

76.98K

Avg. Volume

1.92M

Financials (TTM)

Gross Profit

$443.03M

Operating Income

$402.00M

EBITDA

$562.71M

Operating Cash Flow

$414.07M

Capital Expenditure

-$554.89M

Free Cash Flow

-$140.82M

Cash & ST Invst.

$134.23M

Total Debt

$2.92B

Essential Properties Realty Trust Performance Analysis

Essential Properties Realty Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 286,527,00024.3%
20232023-12-31USD 360,521,00025.8%
20242024-12-31USD 452,463,00025.5%
20252025-12-31USD 566,651,00025.2%
Essential Properties Realty Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-305.7%
Q42025-12-313.9%
Q12026-03-316.7%
Q22026-06-300.8%
Essential Properties Realty Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.9921.1%
20232023-12-31USD 1.2425.8%
20242024-12-31USD 1.15-7.8%
20252025-12-31USD 1.2811.3%
Essential Properties Realty Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-303.1%
Q42025-12-313.0%
Q12026-03-31-17.6%
Q22026-06-3021.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$208.02M

+51.8%

Gross Profit

$161.46M

+19.1%

Gross Margin

71.24%

N/A

Market Cap

$6.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$124.90M

N/A

Employees

56

N/A

Net Income

$74.48M

+17.8%

EBITDA

$151.09M

+18.9%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$134.23M

+546.0%

Total Debt

$2.92B

+25.2%

Accounts Receivable

$728.91M

+26.6%

Inventory

$0.00

N/A

Long Term Debt

$2.93B

+25.7%

Short Term Debt

$684.00K

-3.8%

Return on Assets

3.58%

N/A

Return on Invested Capital

5.37%

N/A

Free Cash Flow

$421.13M

+322.1%

Operating Cash Flow

$110.17M

+10.4%

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Questions About EPRT

What is the current price of Essential Properties Realty Trust?

Essential Properties Realty Trust is trading at $32.33 per share.

What is the 52-week range for Essential Properties Realty Trust?

Over the past 52 weeks, Essential Properties Realty Trust has traded between $28.95 and $34.73.

How much debt does Essential Properties Realty Trust have?

As of the most recent reporting period, Essential Properties Realty Trust reported total debt of $2.93B.

How much cash does Essential Properties Realty Trust have on hand?

Essential Properties Realty Trust reported $134.23M in cash and cash equivalents in its most recent financial results.

What is Essential Properties Realty Trust’s dividend yield?

Essential Properties Realty Trust currently has a dividend yield of 3.83%.

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