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Essential Properties Realty Trust, Inc. (EPRT) stock

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NYSE: EPRT NYSE Retail REITs Next results ~February 10, 2027

C+ Fundamentals grade

Essential Properties Realty Trust, Inc. is a US-listed company in the retail REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$32

Valuation models combined (2)

Base case. Range ~$23–$36. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Essential Properties Realty Trust, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds208 adding, 157 cuttingOf 50 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Essential Properties Realty Trust files

Where Essential Properties Realty Trust stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $639m, up 20.4% on a year earlier, slower than the 22.3% growth a quarter earlier. That growth ranks 3 of 19 among the retail reits companies we cover. The diluted share count is up 10.1% on a year earlier, which dilutes existing holders.

Source: 10-Q filed October 21, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Essential Properties Realty Trust, Inc.'s trailing-twelve-month revenue grew 20.4% year on year, with a free-cash-flow margin of 41.4%. Where it stands out: revenue growth of 20.4% ranks 4 of 24 retail reits companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 20.4% (-1.9pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 20.4% over the last 12 months, against a median of 8.7% for retail reits companies we cover.
  • High operating margin. 60.6% of revenue is left as operating profit, against a median of 47.7% for retail reits companies we cover.
  • Strong cash generation. 41.4% of revenue turned into free cash flow.

Things to watch

  • Margins narrowing. Operating margin is down 3.5 points on a year ago.
  • Share dilution. Diluted shares rose 10.1% in a year.
  • High debt. Long-term debt exceeds cash by $3.0bn, more than 1.5 times annual revenue.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Earnings expected to fall. The consensus expects earnings per share to fall 0% next year.

Latest results: FY2026 Q3

Filed October 21, 2026
Earnings per share
$0.32 against an average estimate of $0.33: missed by 1.7%
Revenue
$169m, up 16.4% on a year earlier
Share reaction
+1.9% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
AFFO per share $2.1 to $2.18 (2027); investment volume $1bn to $1.5bn (2027)
Next report
October 21, 2026; average EPS estimate $0.34

Essential Properties Realty Trust's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week+0.8%
  • 1 month+5.7%
  • This year-4.6%
  • 1 year-4.3%
  • 5 years+11.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$639M
Operating margin
60.6%
Net margin
41.0%
EPS (TTM, diluted)
$1.23

Growth

Revenue growth
+20.4%
Change in growth rate
−1.9 pts
Share count change
+10.1%

Earnings

Last results
October 21, 2026
Next results (est.)
February 10, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Results
  3. Guidance
  4. Agreement
  5. Announcement
  6. Announcement
  7. Leadership
  8. Announcement
  9. Announcement
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Essential Properties Realty Trust, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Essential Properties Realty Trust, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$36 ~$31–$45 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.7 ~$16–$34 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$23 ~$20–$29 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$32 ~$23–$36 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Essential Properties Realty Trust, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

57 /100

Moderate moat

How hard Essential Properties Realty Trust's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Net income has been a median 3.3% of total assets over 9 years.

  • Durability 14 / 20

    Operating margin has been a median 60.8%; its worst year was 17.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 9 of 9 years, at a median 41.4% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 88.3% over five years; stock-based pay has been a median 2.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.35 +6% $665m +19%
Next $1.34 −0% $771m +16%

Next year's EPS estimate has moved −3.9% in 90 days, across 2 analysts.

How the EPS forecast has moved

In the last 30 days, 0 analysts raised Essential Properties Realty Trust, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Essential Properties Realty Trust, Inc., last 90 days
$1.30 $1.35 $1.40 $1.45 60 days ago 30 days ago 7 days ago Now Current fiscal year, 60 days ago: $1.31 Current fiscal year, 30 days ago: $1.31 Current fiscal year, 7 days ago: $1.32 Current fiscal year, Now: $1.35 $1.35 Next fiscal year, 90 days ago: $1.40 Next fiscal year, 60 days ago: $1.38 Next fiscal year, 30 days ago: $1.40 Next fiscal year, 7 days ago: $1.38 Next fiscal year, Now: $1.34 $1.34

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
60 days ago $1.31$1.40
30 days ago $1.31$1.38
7 days ago $1.32$1.40
Now $1.35$1.38

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.33 $0.32 −1.7%
Jun 2026 $0.34 $0.33 −3.4%
Mar 2026 $0.32 $0.34 +6.2%
Dec 2025 $0.33 $0.34 +2.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • AFFO per share 2027 $2.10 to $2.18 Non-GAAP New
    “The Company currently expects 2027 AFFO per share on a fully diluted basis to be within a range of $2.10 to $2.18.” source
  • AFFO per share 2026 $2.02 to $2.05 Non-GAAP Raised
    “The Company is increasing its previously issued 2026 AFFO per share estimate from $2.01 to $2.05 to a new range of $2.02 to $2.05.” source
  • investment volume 2027 $1bn to $1.5bn New
    “The guidance range includes an estimate for investment volume of $1.0 billion to $1.5 billion, and Cash G&A expense of $32.0 million to $37.0 million.” source
  • Cash G&A expense 2027 $32m to $37m Non-GAAP New
    “The guidance range includes an estimate for investment volume of $1.0 billion to $1.5 billion, and Cash G&A expense of $32.0 million to $37.0 million.” source
  • investment volume 2026 $1.3bn to $1.5bn Raised
    “The Company is also increasing its guidance range for 2026 investment volume from $1.2 billion to $1.5 billion to an updated range of $1.3 billion to $1.5 billion, and is reiterating its prior guidance range for 2026 Cash G&A of $30.0 million to $34.0 million.” source
  • Cash G&A 2026 $30m to $34m Non-GAAP Maintained
    “The Company is also increasing its guidance range for 2026 investment volume from $1.2 billion to $1.5 billion to an updated range of $1.3 billion to $1.5 billion, and is reiterating its prior guidance range for 2026 Cash G&A of $30.0 million to $34.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

19 analysts, Oct 2026
Buy1895%
Hold15%
Sell00%

Monthly trend

  1. Oct 202631519
  2. Sep 202631620
  3. Aug 202631620
  4. Jul 202631620

Counts of recommendations published by analysts covering Essential Properties Realty Trust, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.4%
of tradable shares
Days to cover
4.55
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
56
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.3%

$28.61 on October 31, 2025 to $27.38

ThenNowEffect
Revenue (last 12 months) $503m $615m +22.3%
Net margin 44.5% 43.5% −2.2%
P/E multiple 24.1x 21.3x −11.6%
Share count 188m 208m −9.5%

Biggest factor: revenue.

Last 3 years +32.5%

$20.66 on November 3, 2023 to $27.38

ThenNowEffect
Revenue (last 12 months) $315m $615m +95.3%
Net margin 53.1% 43.5% −18.1%
P/E multiple 17.9x 21.3x +18.7%
Share count 145m 208m −30.1%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
EPRT+41%−15%+14%+27%−1%−5%
Industry peers (median)+51%−11%+6%+15%−3%+11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
EPRT58%42%50%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
EPRT−18%−33%−20%−10%−13%−26%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 21, 2018: 74% from February 10, 2020 to March 18, 2020. Getting back needed a 280% gain, reached on June 7, 2021, 446 days after the low.

Price behaviour

52-week range
$24.89 – $33.47
From 52-week high
−18.2%
vs 50-day average
+0.8%
vs 200-day average
−8.3%
Volatility (1 year)
20%
Beta vs S&P 500
-0.25

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±1.9%
After a week
5 up, 7 down
typical move ±2.8%
After a month
6 up, 5 down
typical move ±2.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 +1.9% −0.7% +3.0% —
July 22, 2026 −3.5% −1.3% −3.8% −6.3%
April 22, 2026 −4.4% +0.6% −5.5% −4.8%
February 11, 2026 −0.8% −1.6% +2.0% +3.2%
October 22, 2025 +0.7% +0.1% −4.6% −2.4%
July 23, 2025 −1.0% +0.9% −0.6% +0.8%
April 23, 2025 −2.2% +3.7% −0.2% −1.6%
February 12, 2025 −0.3% +0.7% +2.0% +1.6%
October 23, 2024 −1.4% −0.7% −4.6% −0.9%
July 24, 2024 −3.3% −2.8% −4.4% +0.6%
April 24, 2024 −2.1% −0.4% +0.3% +2.3%
February 14, 2024 +1.4% +1.6% +2.0% +4.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Essential Properties Realty Trust, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Essential Properties Realty Trust, Inc.
$300M $400M $500M $600M $700M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $359.6M Revenue (TTM), FY24 Q1: $379.4M Revenue (TTM), FY24 Q2: $402.2M Revenue (TTM), FY24 Q3: $427.6M Revenue (TTM), FY24 Q4: $449.6M Revenue (TTM), FY25 Q1: $475.5M Revenue (TTM), FY25 Q2: $503.3M Revenue (TTM), FY25 Q3: $531.1M Revenue (TTM), FY25 Q4: $561.2M Revenue (TTM), FY26 Q1: $590.7M Revenue (TTM), FY26 Q2: $615.5M Revenue (TTM), FY26 Q3: $639.2M $639.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $359.6M
FY24 Q1 $379.4M
FY24 Q2 $402.2M
FY24 Q3 $427.6M
FY24 Q4 $449.6M
FY25 Q1 $475.5M
FY25 Q2 $503.3M
FY25 Q3 $531.1M
FY25 Q4 $561.2M
FY26 Q1 $590.7M
FY26 Q2 $615.5M
FY26 Q3 $639.2M
Revenue growth, TTM YoY Essential Properties Realty Trust, Inc.
20% 22% 24% 26% 28% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 25.5% Revenue growth, TTM YoY, FY24 Q1: 26.4% Revenue growth, TTM YoY, FY24 Q2: 27.6% Revenue growth, TTM YoY, FY24 Q3: 27.2% Revenue growth, TTM YoY, FY24 Q4: 25.0% Revenue growth, TTM YoY, FY25 Q1: 25.3% Revenue growth, TTM YoY, FY25 Q2: 25.1% Revenue growth, TTM YoY, FY25 Q3: 24.2% Revenue growth, TTM YoY, FY25 Q4: 24.8% Revenue growth, TTM YoY, FY26 Q1: 24.2% Revenue growth, TTM YoY, FY26 Q2: 22.3% Revenue growth, TTM YoY, FY26 Q3: 20.4% 20.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 25.5%
FY24 Q1 26.4%
FY24 Q2 27.6%
FY24 Q3 27.2%
FY24 Q4 25.0%
FY25 Q1 25.3%
FY25 Q2 25.1%
FY25 Q3 24.2%
FY25 Q4 24.8%
FY26 Q1 24.2%
FY26 Q2 22.3%
FY26 Q3 20.4%
Operating margin (TTM) Essential Properties Realty Trust, Inc.
60% 62% 64% 66% 68% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 67.5% Operating margin (TTM), FY24 Q1: 66.0% Operating margin (TTM), FY24 Q2: 62.8% Operating margin (TTM), FY24 Q3: 61.7% Operating margin (TTM), FY24 Q4: 61.9% Operating margin (TTM), FY25 Q1: 62.1% Operating margin (TTM), FY25 Q2: 62.9% Operating margin (TTM), FY25 Q3: 64.1% Operating margin (TTM), FY25 Q4: 64.1% Operating margin (TTM), FY26 Q1: 62.6% Operating margin (TTM), FY26 Q2: 62.8% Operating margin (TTM), FY26 Q3: 60.6% 60.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 67.5%
FY24 Q1 66.0%
FY24 Q2 62.8%
FY24 Q3 61.7%
FY24 Q4 61.9%
FY25 Q1 62.1%
FY25 Q2 62.9%
FY25 Q3 64.1%
FY25 Q4 64.1%
FY26 Q1 62.6%
FY26 Q2 62.8%
FY26 Q3 60.6%
FCF margin (TTM) Essential Properties Realty Trust, Inc.
41% 42% 43% 44% 45% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 44.2% FCF margin (TTM), FY24 Q1: 44.1% FCF margin (TTM), FY24 Q2: 44.3% FCF margin (TTM), FY24 Q3: 43.1% FCF margin (TTM), FY24 Q4: 43.0% FCF margin (TTM), FY25 Q1: 41.4% FCF margin (TTM), FY25 Q2: 41.0% FCF margin (TTM), FY25 Q3: 42.1% FCF margin (TTM), FY25 Q4: 41.6% FCF margin (TTM), FY26 Q1: 42.0% FCF margin (TTM), FY26 Q2: 41.0% FCF margin (TTM), FY26 Q3: 41.4% 41.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 44.2%
FY24 Q1 44.1%
FY24 Q2 44.3%
FY24 Q3 43.1%
FY24 Q4 43.0%
FY25 Q1 41.4%
FY25 Q2 41.0%
FY25 Q3 42.1%
FY25 Q4 41.6%
FY26 Q1 42.0%
FY26 Q2 41.0%
FY26 Q3 41.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 54 96 139 164 230 287 360 450 561 639
EBITDA 26 75 116 125 196 256 338 394 508 556
Operating income 6 50 80 73 134 175 243 278 360 387
Net income 6 16 42 42 96 134 191 203 253 262
Diluted EPS — — $0.63 $0.44 $0.82 $0.99 $1.24 $1.15 $1.28 $1.23
Growth (year on year)
Revenue — +76.7% +44.8% +17.7% +40.4% +24.4% +25.5% +25.0% +24.8% +20.4%
EBITDA — +189.0% +55.1% +7.2% +57.0% +30.9% +32.1% +16.3% +29.0% +15.9%
Operating income — +681.4% +59.4% −8.7% +84.6% +30.5% +38.4% +14.6% +29.4% +13.8%
Net income — +148.0% +168.0% +1.0% +126.4% +40.1% +42.2% +6.4% +24.6% +9.2%
Diluted EPS — — — −30.2% +86.4% +20.7% +25.3% −7.3% +11.3% −0.9%
Margins
EBITDA margin 47.6% 77.9% 83.4% 76.0% 85.0% 89.4% 94.1% 87.5% 90.4% 87.0%
Operating margin 11.8% 52.0% 57.3% 44.4% 58.4% 61.2% 67.5% 61.9% 64.1% 60.6%
Net margin 11.6% 16.2% 30.0% 25.8% 41.6% 46.8% 53.0% 45.2% 45.1% 41.0%
Free-cash-flow margin 41.2% 46.0% 63.6% 60.6% 72.7% 73.7% 70.8% 68.6% 67.9% —
Cash flow
Cash from operations 22 46 89 99 167 211 255 308 381 433
Capital spending 0 2 0 0 0 0 0 0 0 —
Free cash flow 22 44 89 99 167 211 255 308 381 —
Stock-based pay — 2 6 6 6 9 9 11 13 15
Free cash flow after stock pay — 42 82 93 162 202 246 298 368 —
Balance sheet
Cash 7 4 8 27 60 62 40 41 60 25
Total debt 523 515 735 821 1,174 1,430 1,680 2,130 2,530 2,991
Net debt (negative = net cash) 516 511 727 795 1,114 1,368 1,640 2,089 2,470 2,966
Diluted shares — — 75m 96m 117m 136m 154m 177m 198m 213m
Returned to shareholders
Dividends — 14 64 86 112 142 168 200 234 263
Total returned — 14 64 86 112 142 168 200 234 263

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$263M
Returned to shareholders
99%
of free cash flow
Diluted share count
+10.1%
year over year
Total shareholder yield
4.4%
dividends 4.4% + buybacks 0.0% of market value
Dividend payout ratio
100%
of net income paid out

Competitors: side by side with peers

Closest by revenue in retail reits
Last 12 months unless stated EPRT CBL PECO KRG ADC AAT Median
Revenue, last 12 months $639m $588m $761m $792m $810m $444m $516m
Revenue growth, last 12 months 20.4% 9.0% 7.0% −7.0% 17.7% 1.1% 8.5%
Revenue growth, 3-year average 23.9% 2.1% 8.2% −1.4% 16.7% 0.7% 8.2%
Revenue growth, latest quarter 16.4% 4.0% 5.7% −7.2% 16.7% 4.3% 7.1%
Operating margin 60.6% 20.9% 6.5% 14.7% 48.9% 23.6% 44.2%
Operating margin, 3-year average 62.1% 20.9% −3.3% 16.1% 48.4% 28.8% 35.7%
Net margin 41.0% 37.0% 23.9% 42.9% 29.8% 4.8% 26.8%
Cash from operations / revenue 67.8% 48.1% 46.6% 48.8% 70.6% 38.3% 48.6%
Free-cash-flow margin 41.4% 21.9% 11.8% 29.8% 37.1% 16.9% 20.3%
Free-cash-flow margin, 3-year average 42.2% 20.5% 11.0% 22.0% 8.8% 22.6% 20.1%
Stock pay / revenue 2.3% 2.3% 1.6% 1.5% 1.8% 1.6% 1.7%
Change in share count 10.1% 0.8% 0.8% −6.3% 10.7% 0.2% 2.6%

Median of all 24 companies we cover in retail reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

24 retail reits companies
Measure Company Peer median Rank
Revenue growth Growth 20.4% 8.7% 4 of 24
Change in growth rate Growth -1.9pp -0.3pp 18 of 24
Operating margin Profitability 60.6% 47.7% 5 of 16
Net margin Profitability 41.0% 29.8% 5 of 24
Stock pay as % of revenue Cash generation 2.3% 1.8% 14 of 21
Long-term debt as % of assets Balance sheet 38.9% 46.6% 7 of 20
Change in share count Balance sheet 10.1% 4.1% 17 of 22

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$7.5B
Institutions reporting
376
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
44 / 44

Top buyers and sellers, Q2 2026: 208 institutions bought and 157 sold ; the biggest buyer was Cohen & Steers, Inc (+9.2M shares) and the biggest seller Wellington Management Group LLP (−3.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 39.6M 15.7% ▲ 6.4%
Cohen & Steers, Inc. $1.2B 38.8M 15.4% ▲ 31.1%
Vanguard Portfolio Management LLC $634M 21.2M 8.4% ▲ 7.1%
State Street Corp $365M 12.1M 4.8% ▲ 5.4%
Vanguard Capital Management LLC $290M 9.7M 3.9% ▲ 4.0%
Geode Capital Management, LLC $186M 6.2M 2.5% ▲ 12.1%
Massachusetts Financial Services Co $167M 5.4M 2.2% ▲ 8.7%
Invesco Ltd. $160M 5.4M 2.1% ▼ 5.7%
Wellington Management Group LLP $159M 5.3M 2.1% ▼ 35.6%
Daiwa Securities Group Inc. $155M 5.2M 2.1% ▼ 1.8%
Two Sigma Investments, LP $144M 4.8M 1.9% ▼ 7.0%
Morgan Stanley $135M 4.5M 1.8% ▼ 0.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Essential Properties Realty Trust, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.5M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $1.5M net selling
Insider Date Trade Shares Price Value
Jenkins Robert M Executive VP and COO July 24, 2026 Sell 22,000 $32.22 $708,840
Peil A Joseph Executive VP and CIO March 20, 2026 Sell 19,657 $32.10 $630,990
Salisbury Robert Webb Executive VP and CFO March 20, 2026 Sell 5,851 $31.88 $186,530

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Essential Properties Realty Trust, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $15,001 - $50,000, traded July 12, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • February 11, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Essential Properties Realty Trust, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Essential Properties Realty Trust, Inc. in brief

What does Essential Properties Realty Trust, Inc. do?
Essential Properties Realty Trust, Inc. is a US-listed company in the retail REITs industry. Its financial year ends in December.
What is Essential Properties Realty Trust, Inc.'s stock ticker?
Essential Properties Realty Trust, Inc. trades under the ticker EPRT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Essential Properties Realty Trust, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Essential Properties Realty Trust, Inc. reported revenue of $639M, 20.4% higher than a year earlier, according to its SEC filings.
What is Essential Properties Realty Trust, Inc.'s free cash flow?
Essential Properties Realty Trust, Inc.'s free-cash-flow margin is 41.4% of revenue over the trailing twelve months.
Who are Essential Properties Realty Trust, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Cohen & Steers, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Essential Properties Realty Trust, Inc.'s market cap?
On November 2, 2026, Essential Properties Realty Trust, Inc.'s market capitalisation was about $5.8B, with a price-to-earnings ratio of 22.2 and net debt of $3B. Market figures come from third-party market data and may be delayed.
Does Essential Properties Realty Trust, Inc. pay a dividend?
Yes: Essential Properties Realty Trust, Inc. paid $263M in dividends over the trailing twelve months, a dividend yield of 4.36% and a payout ratio of 100.2%.
Who are Essential Properties Realty Trust, Inc.'s competitors?
In our Retail REITs peer group, the companies closest to Essential Properties Realty Trust, Inc. are CBL & Associates Properties Inc, Phillips Edison & Company, Inc., Kite Realty Group Trust, Agree Realty Corp and American Assets Trust, Inc. The side-by-side comparison below sets their revenue, margins and growth against Essential Properties Realty Trust, Inc.'s.
Are insiders buying or selling Essential Properties Realty Trust, Inc. stock?
Over the last 12 months, Essential Properties Realty Trust, Inc.'s directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Essential Properties Realty Trust, Inc.'s next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Essential Properties Realty Trust, Inc. announces its own schedule.