Essential Properties Realty Trust Inc

EPRT · NYSE · Real Estate / REIT - Retail

27.78USD+0.15 (+0.54%)

Price History

Full chart

Market Stats

Previous Close27.63

Open27.81

Day Range27.55 – 28.03

52-Week Range26.21 – 34.02

Volume1.28M

Market Cap5.75B

P/E (TTM)20.57

Forward P/E22.78

EPS1.29

Dividend Yield4.84%

Beta0.87

50-Day Avg30.29

200-Day Avg31.00

About

Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, 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. As of September 30, 2025, the Company's portfolio consisted of 2,266 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x. In addition, as of September 30, 2025, the Company's portfolio was 99.8% leased to tenants operating 645 different concepts across 48 states. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

Company Details

SectorReal Estate
IndustryREIT - Retail
CEOMr. Peter M. Mavoides
Employees56
Headquarters5 Vaughn Drive, Princeton, NJ, United States, 08540, USA
Websitehttps://essentialproperties.com

Leadership

Mr. Peter M. MavoidesPresident, CEO & Director · b. 1967
Mr. Robert Max JenkinsExecutive VP & COO · b. 1991
Mr. A. Joseph Peil C.F.A.Executive VP & Chief Investment Officer · b. 1982
Mr. Robert W. Salisbury C.F.A.Executive VP, CFO and Head of Corporate Finance & Strategy and Secretary · b. 1982
Mr. Timothy J. EarnshawSenior VP, Chief Accounting Officer & Treasurer · b. 1986
Mr. Matt NemethSenior Vice President of Investments

Financials

Income Statement

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	15.53M	54.50M	96.22M	139.36M	164.01M	230.23M	286.51M	359.60M	449.61M	561.89M
Growth (%)	-	+250.83%	+76.56%	+44.83%	+17.69%	+40.38%	+24.44%	+25.51%	+25.03%	+24.97%
Cost of Revenue	5.97M	1.55M	1.98M	3.07M	3.88M	5.76M	3.45M	4.66M	5.00M	89.63M
Gross Profit	9.56M	52.95M	94.24M	136.29M	160.13M	224.47M	283.05M	354.93M	444.61M	472.26M
Gross Margin	61.56%	97.16%	97.94%	97.80%	97.63%	97.50%	98.80%	98.70%	98.89%	84.05%
Operating Expense	4.40M	28.45M	74.38M	56.48M	87.30M	90.05M	107.63M	112.18M	166.42M	109.80M
Operating Income	5.16M	24.50M	19.87M	79.81M	72.83M	134.42M	175.42M	242.75M	278.19M	362.45M
Operating Margin	33.24%	44.95%	20.65%	57.27%	44.41%	58.38%	61.23%	67.51%	61.87%	64.51%
EBITDA	10.59M	44.55M	80.82M	118.64M	131.84M	199.95M	253.50M	352.05M	404.97M	518.96M
EBITDA Margin	68.19%	81.74%	83.99%	85.14%	80.38%	86.85%	88.48%	97.90%	90.07%	92.36%
Net Income	3.75M	6.30M	15.61M	41.84M	42.27M	95.72M	134.13M	190.71M	203.00M	253.01M
Net Income Margin	24.14%	11.55%	16.23%	30.03%	25.77%	41.58%	46.82%	53.03%	45.15%	45.03%
R&D	0.24	0.12	0.22	0.35	0.26	0.42	0.47	0.53	-	-
R&D as % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	0	22.57M	30.19M	27.04M	29.65M	33.61M	40.37M	52.60M	78.54M	115.28M
Interest Expense % of Total Revenue	0.00%	41.42%	31.38%	19.40%	18.08%	14.60%	14.09%	14.63%	17.47%	20.52%

Balance Sheet

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	466.29M	942.22M	1.38B	1.98B	2.49B	3.30B	4.00B	4.77B	5.80B	6.86B
Total Liabilities	291.64M	760.82M	569.86M	773.33M	906.85M	1.25B	1.50B	1.78B	2.23B	2.66B
Total Equity	174.65M	181.40M	811.04M	1.20B	1.57B	2.04B	2.50B	2.98B	3.56B	4.20B
Cash	1.82M	7.25M	4.24M	8.30M	26.60M	59.76M	62.34M	39.81M	40.71M	60.18M
Total Debt	272.82M	741.65M	574.12M	730.81M	862.99M	1.19B	1.43B	1.69B	2.13B	2.52B
Net Debt	271.00M	734.40M	535.88M	718.62M	836.39M	1.13B	1.36B	1.65B	2.09B	2.46B

Cash Flow

Currency: USD	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	10.52M	22.47M	45.92M	88.57M	99.39M	167.39M	211.02M	254.57M	308.48M	381.08M
Investing Cash Flow	-279.13M	-464.38M	-461.86M	-607.84M	-545.51M	-829.68M	-706.08M	-857.13M	-1.12B	-1.15B
Financing Cash Flow	280.53M	449.42M	412.75M	524.35M	457.79M	689.06M	506.80M	580.01M	810.70M	798.35M
Capital Expenditure	289.87M	48.00K	1.69M	587.35M	0	840.03M	728.73M	894.55M	825.75M	0
Free Cash Flow	10.52M	22.43M	44.23M	88.57M	99.39M	167.39M	-517.71M	254.57M	308.48M	381.08M
Dividends Paid	7.54M	101.22M	14.07M	63.90M	86.47M	112.33M	141.69M	168.23M	199.66M	233.94M
FCF to OCF	100.00%	99.79%	96.32%	100.00%	100.00%	100.00%	-245.33%	100.00%	100.00%	100.00%
Dividend Paid to FCF	71.66%	451.36%	31.81%	72.15%	87.01%	67.11%	-27.37%	66.08%	64.72%	61.39%

Earnings

Report Date	Mar 21, 2018	Jun 22, 2018	Aug 8, 2018	Nov 5, 2018	Feb 27, 2019	May 8, 2019	Aug 7, 2019	Nov 6, 2019	Mar 2, 2020	May 11, 2020	Aug 5, 2020	Nov 4, 2020	Feb 23, 2021	May 3, 2021	Jul 28, 2021	Nov 1, 2021	Feb 16, 2022	Apr 27, 2022	Jul 28, 2022	Oct 27, 2022	Feb 15, 2023	Apr 26, 2023	Jul 26, 2023	Oct 25, 2023	Feb 14, 2024	Apr 24, 2024	Jul 24, 2024	Oct 23, 2024	Feb 12, 2025	Apr 23, 2025	Jul 23, 2025	Oct 22, 2025	Feb 18, 2026	Apr 22, 2026	Jul 22, 2026	Oct 28, 2026
EPS Estimate	0.00	0.00	0.06	0.11	0.12	0.15	0.16	0.17	0.17	0.16	0.11	0.15	0.15	0.09	0.17	0.20	0.22	0.23	0.26	0.26	0.22	0.23	0.23	0.27	0.26	0.28	0.30	0.30	0.31	0.29	0.31	0.31	0.32	0.32	0.48	0.50
EPS Actual	0.02	0.04	0.06	0.12	0.13	0.11	0.06	0.12	0.18	0.13	0.10	0.15	0.05	0.16	0.17	0.22	0.24	0.24	0.24	0.22	0.25	0.26	0.27	0.28	0.31	0.29	0.31	0.31	0.29	0.30	0.31	0.33	0.34	0.34	0.50	-
Surprise	-	-	0.00%	9.09%	8.33%	-26.67%	-62.50%	-29.41%	5.88%	-18.75%	-9.09%	0.00%	-66.67%	77.78%	0.00%	10.00%	9.09%	4.35%	-7.69%	-15.38%	13.64%	13.04%	17.39%	3.70%	19.23%	3.57%	3.33%	3.33%	-6.95%	3.45%	0.00%	6.45%	3.42%	6.25%	4.17%	-
Timing	-	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	-	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap5.75B

Enterprise Value8.60B

Trailing P/E20.57

Forward P/E22.78

Price / Sales9.35

Price / Book1.32

EPS1.29

Book Value20.38

Revenue (TTM)615.49M

Gross Profit (TTM)605.73M

EBITDA563.99M

Profit Margin43.51%

Operating Margin62.47%

Return on Equity6.48%

Return on Assets3.58%

Shares Outstanding216.25M

Shares Float215.25M

Beta0.87

Dividend Yield4.84%

Dividend Rate1.28

Payout Ratio83.68%

Analyst Ratings

Buy

Based on 19 analystsTarget 36.40

Strong Buy
11
Buy
5
Hold
3

Ownership Breakdown

Institutions: 120.30%
Insiders: 0.62%
Retail / Other: 0.00%

Top Institutional Holders

Cohen & Steers Inc
38.83M17.95%
BlackRock Inc
37.27M17.23%
Vanguard Portfolio Management, LLC
19.84M9.17%
State Street Corp
11.47M5.30%
Vanguard Capital Management, LLC
9.36M4.33%
Amvescap Plc.
5.67M2.62%
Geode Capital Management, LLC
5.57M2.57%
Wellington Management Company LLP
5.34M2.47%
Daiwa Securities Group Inc
5.28M2.44%
Massachusetts Financial Services Company
5.00M2.31%
Two Sigma Investments LLC
4.82M2.23%
Morgan Stanley - Brokerage Accounts
4.58M2.12%
Prudential Financial Inc
4.47M2.07%

Top Fund Holders

iShares Core S&P Small-Cap ETF
13.18M6.09%
Cohen & Steers Real Estate Securities A
8.36M3.87%
Vanguard Real Estate Index Investor
8.13M3.76%
Vanguard MStar Total Stk Mkt Idx Invest
6.88M3.18%
iShares Russell 2000 ETF
5.66M2.62%
Vanguard Small Cap Index
4.98M2.30%
Cohen & Steers Instl Realty Shares
4.70M2.17%

Dividends

20263×

0.32Sep 30, 20260.32Jun 30, 20260.31Mar 31, 2026

20254×

0.31Dec 31, 20250.30Sep 30, 20250.30Jun 30, 20250.29Mar 31, 2025

20244×

0.29Dec 31, 20240.29Sep 30, 20240.29Jun 28, 20240.28Mar 27, 2024

20234×

0.28Dec 28, 20230.28Sep 28, 20230.28Jun 29, 20230.28Mar 30, 2023

20224×

0.28Dec 29, 20220.27Sep 29, 20220.27Jun 29, 20220.26Mar 30, 2022

20214×

0.26Dec 30, 20210.25Sep 29, 20210.25Jun 29, 20210.24Mar 30, 2021

20201×

0.24Dec 30, 2020