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EPRT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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High
31.065
Open
30.680
VWAP
30.81
Vol
1.96M
Mkt Cap
4.84B
Low
30.600
Amount
60.42M
EV/EBITDA(TTM)
27.44
Total Shares
--
EV
8.48B
EV/OCF(TTM)
26.60
P/S(TTM)
12.45
Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The Company has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Company’s portfolio consists of about 2,104 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.5x. In addition, the Company’s portfolio is leased to about 413 tenants operating 592 different concepts in 16 industries across 49 states.
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Events Timeline

(ET)
2026-02-18
08:20:00
BofA and Others Increase Stock Offering Size to 10.9M Shares
select
2026-02-17 (ET)
2026-02-17
16:20:00
Essential Properties Realty Trust Commences Public Offering of 9.5M Shares
select

News

Benzinga
6.5
03-10Benzinga
Essential Properties Realty Trust Credit Analysis
  • Payout Ratio: Essential Properties Realty Trust generated approximately $1.89 in AFFO per share for 2025, with an annualized dividend of $1.24, resulting in a payout ratio of around 65-66%, which provides a dividend buffer of about 34%, indicating a conservative stance within the net-lease REIT sector.
  • Investment-Grade Ratings: EPRT has recently achieved investment-grade status, receiving ratings of BBB- from S&P, Baa2 from Moody's, and BBB from Fitch, although BBB- is the lowest tier of investment-grade credit, and a downgrade could impact refinancing costs and institutional mandates.
  • Debt Structure Analysis: With total debt around $2.5 billion and a weighted-average interest rate of 4.2%, EPRT's net debt to EBITDA ratio stands at 4.4x, which is manageable; however, its average debt maturity of 4.2 years is shorter than many peers, indicating more frequent refinancing decisions ahead.
  • Future Refinancing Risks: EPRT faces approximately $430 million in debt maturing in 2027, and a hypothetical 100 basis point increase in refinancing costs would translate to an incremental interest expense of about $0.021 per share, roughly 1% of current AFFO levels, suggesting stability in the near term but highlighting the need to monitor refinancing frequency going forward.
moomoo
6.0
03-09moomoo
UBS Increases Target Price for Essential Properties Realty Trust Inc. to $40, Up from $38
  • Price Increase Announcement: Essential Properties Realty Trust has raised its target price from $38 to $40.
  • Market Implications: This adjustment reflects the company's positive outlook and potential growth in the real estate sector.
seekingalpha
8.5
02-18seekingalpha
Essential Properties Realty Trust Upsizes Public Offering to 10.87M Shares
  • Upsized Offering: Essential Properties Realty Trust has increased its public offering from 9.5 million shares to approximately 10.87 million shares at a price of $32.20 per share, reflecting strong market demand, with the offering expected to close on February 19, 2026.
  • Strong Underwriter Lineup: The offering is being managed by BofA Securities, Mizuho, Truist Securities, and Wells Fargo Securities, indicating robust market confidence in the company and the expertise of the underwriters.
  • Additional Purchase Option: Underwriters have been granted a 30-day option to purchase up to an additional 1.63 million shares, which may enhance market liquidity and support stock price stability.
  • Clear Use of Proceeds: While the company will not receive proceeds from the sale, it plans to use net proceeds from the settlement of forward sale agreements for general corporate purposes, including potential future investments, demonstrating strategic capital allocation thinking.
Benzinga
9.5
02-13Benzinga
Essential Properties Realty Trust Financial Performance Analysis
  • Strong Financial Performance: Essential Properties Realty Trust reported Q4 AFFO of $99.7 million, aligning with the high end of its guidance range and reflecting a 9% year-over-year growth, indicating the company's stability and growth potential in the market.
  • Capital Recycling Mechanism: The 63% payout ratio not only ensures shareholder returns but also allowed the company to retain nearly $40 million in free cash flow in Q4, implying an annualized amount of $150 to $160 million, providing ample internal funding for future investments.
  • Robust Investment Pipeline: 85% of the company's Q4 investments were sourced through existing tenant relationships, with initial cash yields averaging 7.7%, showcasing the company's strengths in tenant diversity and risk management.
  • Optimistic 2026 Outlook: Management guided 2026 AFFO per share to reach $1.99 to $2.04, representing a growth rate of 6% to 8%, and with $239 million already deployed, it indicates the company's sustained growth potential in the coming years.
seekingalpha
9.5
02-13seekingalpha
Essential Properties Realty Trust Q4 2025 Earnings Highlights
  • Significant Earnings Growth: Essential Properties Realty Trust reported a Q4 2025 net income of $68.3 million and an AFFO of $99.7 million, with AFFO per share increasing by 9% to $0.49, demonstrating the company's ability to enhance profitability amid stable rent coverage and healthy portfolio credit trends.
  • Successful Investment Strategy: The company invested $296 million in Q4, with 85% sourced from existing relationships and an initial cash yield of 7.7%, indicating effective differentiation in investment strategy; the 2026 AFFO per share guidance was raised to $1.99 to $2.04, reflecting approximately 7% growth at the midpoint.
  • Robust Balance Sheet: At quarter-end, total assets surpassed $7 billion, with a net debt to annualized adjusted EBITDA ratio of 3.8x, showcasing the company's commitment to maintaining financial flexibility while executing disciplined capital allocation, thereby enhancing investor confidence.
  • Sustained Dividend Policy: The company declared a cash dividend of $0.31 with a 63% AFFO payout ratio, while free cash flow reached nearly $40 million in Q4, indicating the ability to maintain shareholder returns while supporting future investment plans with strong cash flow.
seekingalpha
9.5
02-11seekingalpha
Essential Properties Releases 2026 Performance Guidance
  • Financial Performance: Essential Properties reported a Q4 FFO of $0.49, missing expectations by $0.04, indicating pressure on profitability that could affect investor confidence.
  • Revenue Growth: The company achieved Q4 revenue of $149.87 million, reflecting a 25.2% year-over-year increase, aligning with market expectations and demonstrating strong business momentum despite the earnings miss.
  • 2026 Guidance: The company has raised its 2026 AFFO per share estimate to a range of $1.99 to $2.04, with anticipated investment volumes between $1.0 billion and $1.4 billion, showcasing confidence in future growth prospects.
  • Expense Forecast: Projected cash G&A for 2026 is estimated to be between $31 million and $35 million, which will aid in enhancing future profitability and shareholder returns through effective cost management.
Wall Street analysts forecast EPRT stock price to rise
10 Analyst Rating
Wall Street analysts forecast EPRT stock price to rise
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
33.00
Averages
36.08
High
38.00
Current: 0.000
sliders
Low
33.00
Averages
36.08
High
38.00
Raymond James
Outperform -> Strong Buy
upgrade
$35 -> $37
AI Analysis
2026-03-17
Reason
Raymond James
Price Target
$35 -> $37
AI Analysis
2026-03-17
upgrade
Outperform -> Strong Buy
Reason
Raymond James upgraded Essential Properties Realty Trust to Strong Buy from Outperform with a price target of $37, up from $35. Raymond James adjusted ratings in the net lease real estate investment trust group given the year-to-date performance in several names. The firm cites Essential's low cost of capital, wide investment spreads, capital runway, diverse tenant roster with minimal credit issues, and "sector-leading growth" for the upgrade.
Evercore ISI
Outperform
maintain
$36 -> $37
2026-03-17
Reason
Evercore ISI
Price Target
$36 -> $37
2026-03-17
maintain
Outperform
Reason
Evercore ISI raised the firm's price target on Essential Properties Realty Trust to $37 from $36 and keeps an Outperform rating on the shares as part of a Q1 preview for a selection of REITs.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for EPRT
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Valuation Metrics

The current forward P/E ratio for Essential Properties Realty Trust Inc (EPRT.N) is 24.25, compared to its 5-year average forward P/E of 26.39. For a more detailed relative valuation and DCF analysis to assess Essential Properties Realty Trust Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
26.39
Current PE
24.25
Overvalued PE
31.93
Undervalued PE
20.85

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
16.32
Current EV/EBITDA
15.48
Overvalued EV/EBITDA
18.48
Undervalued EV/EBITDA
14.16

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
10.82
Current PS
10.08
Overvalued PS
12.39
Undervalued PS
9.26

Financials

AI Analysis
Annual
Quarterly

Whales Holding EPRT

C
CBRE Investment Management Listed Real Assets LLC
Holding
EPRT
+8.78%
3M Return
D
Duff & Phelps Investment Management Co.
Holding
EPRT
+8.21%
3M Return
P
PGGM
Holding
EPRT
+5.87%
3M Return
A
Adelante Capital Management LLC
Holding
EPRT
+3.63%
3M Return
L
Lighthouse Investment Partners, LLC
Holding
EPRT
+2.20%
3M Return
C
Cohen & Steers Capital Management, Inc.
Holding
EPRT
+1.07%
3M Return

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Frequently Asked Questions

What is Essential Properties Realty Trust Inc (EPRT) stock price today?

The current price of EPRT is 30.77 USD — it has increased 1.28

What is Essential Properties Realty Trust Inc (EPRT)'s business?

Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The Company has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Company’s portfolio consists of about 2,104 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.5x. In addition, the Company’s portfolio is leased to about 413 tenants operating 592 different concepts in 16 industries across 49 states.

What is the price predicton of EPRT Stock?

Wall Street analysts forecast EPRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EPRT is36.08 USD with a low forecast of 33.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Essential Properties Realty Trust Inc (EPRT)'s revenue for the last quarter?

Essential Properties Realty Trust Inc revenue for the last quarter amounts to 129.35M USD, increased 24.98

What is Essential Properties Realty Trust Inc (EPRT)'s earnings per share (EPS) for the last quarter?

Essential Properties Realty Trust Inc. EPS for the last quarter amounts to 0.29 USD, increased 3.57

How many employees does Essential Properties Realty Trust Inc (EPRT). have?

Essential Properties Realty Trust Inc (EPRT) has 48 emplpoyees as of April 01 2026.

What is Essential Properties Realty Trust Inc (EPRT) market cap?

Today EPRT has the market capitalization of 4.84B USD.