Stocks · Real Estate · REIT - Diversified
Essential Properties Realty Trust, Inc. EPRT
$25.90 +1.17% Close, Oct 2, 2026 · NYSE · Market cap $5.60B
Strong growthHigh qualityLow risk
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The shares trade at 20.1× trailing earnings, lower than 90% of the company's own readings over the past five years.
- Revenue over the last four quarters was $664.0M, up 31.9% from a year earlier, accelerating from 24.7% a quarter earlier.
- Net debt is 4.9× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth81Strong
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 17%
- EPS growth (TTM, YoY)Bottom 49%
- FCF growth (TTM, YoY)Bottom 9%
- Revenue growth, 3-year CAGRTop 9%
- Revenue growth accelerationTop 10%
Quality81Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 36%
- Gross marginTop 30%
- Operating marginTop 13%
- Cash conversion (OCF / net income)Bottom 41%
- Accruals (lower is better)Bottom 34%
- Net debt / EBITDA (lower is better)Top 39%
- Interest coverTop 18%
Value42Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 29%
- Free-cash-flow yieldBottom 18%
- EBITDA / enterprise valueTop 44%
- Sales / enterprise valueBottom 24%
- P/E vs own 5-year history (lower is better)Top 25%
Momentum31Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 48%
- 6-month returnBottom 23%
- 1-year return vs S&P 500Bottom 38%
- Distance from 52-week highBottom 37%
- Trend checklist (0–4)Bottom 22%
Revisions76Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 32%
- Consecutive EPS beatsBottom 48%
- Share of analysts rating BuyTop 5%
- Upside to consensus price targetTop 30%
Stability81Strong
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 31%
- Maximum drawdown, 3 yearsTop 22%
- Beta vs S&P 500 (lower is better)Top 21%
- Net debt / EBITDA (lower is better)Top 39%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 24.7% | 31.9% | ↑ |
| EPS growth (YoY) | 10.4% | 9.3% | ↓ |
| Gross margin | 98.7% | 66.7% | ↓ |
| Operating margin | 62.9% | 60.5% | ↓ |
| FCF margin | 33.8% | -21.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 31.9% | 24.7% | ↑ | Top 17% |
| EPS growth (TTM, YoY) | 9.3% | 10.4% | ↓ | Bottom 49% |
| Gross margin | 66.7% | 98.7% | ↓ | Top 30% |
| Operating margin | 60.5% | 62.9% | ↓ | Top 13% |
| Net margin | 40.4% | 44.5% | ↓ | — |
| Free-cash-flow margin | -21.2% | 33.8% | ↓ | — |
| Return on invested capital | 5.4% | — | Top 36% | |
| Revenue growth, 3-year CAGR | 25.2% | — | Top 9% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.55×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -5.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.95×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 3.1×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.51%
- Net buyback yield (TTM)
- -9.84%
- Shareholder yield
- -5.33%
- Share count change, 1 year
- +7.7%
- Share count change, 3-year CAGR
- +12.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 22, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -9.4%
- Average 2-day reaction, last 8
- -1.1%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $34.46
- Target vs current price
- +33.1%
- Analysts with a rating
- 22
- Share rating Buy or Strong Buy
- 86%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +2.5% | -1.8% | -3.5% | -7.4% | — |
| Apr 22, 2026 | -12.5% | -2.7% | -4.9% | -5.4% | +1.1% |
| Feb 11, 2026 | +3.6% | -1.1% | +1.3% | +3.5% | -1.4% |
| Oct 22, 2025 | -31.2% | -0.8% | -3.3% | -2.3% | -2.5% |
| Jul 23, 2025 | -31.9% | -0.9% | +1.4% | -0.1% | -2.0% |
| Apr 23, 2025 | -37.0% | -0.4% | -0.9% | +0.2% | -5.4% |
| Feb 12, 2025 | -3.2% | -1.6% | +2.3% | -1.3% | +1.9% |
| Oct 23, 2024 | -12.9% | +0.2% | -4.5% | +1.0% | -5.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $0.34 | $0.33 | +2.5% | $151.1M |
| Apr 22, 2026 | $0.28 | $0.32 | -12.5% | $149.4M |
| Feb 11, 2026 | $0.34 | $0.33 | +3.6% | $140.1M |
| Oct 22, 2025 | $0.33 | $0.48 | -31.2% | $144.9M |
| Jul 23, 2025 | $0.32 | $0.47 | -31.9% | $137.1M |
| Apr 23, 2025 | $0.29 | $0.46 | -37.0% | $129.4M |
| Feb 12, 2025 | $0.30 | $0.31 | -3.2% | $119.7M |
| Oct 23, 2024 | $0.27 | $0.31 | -12.9% | $118.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 20.1× | 25.4× | 10th | Top 29% |
| P/E (forward) | 19.8× | — | — | — |
| EV / EBITDA | 14.9× | — | — | Top 44% |
| EV / Sales | 12.63× | — | — | Bottom 24% |
| Free-cash-flow yield | -2.51% | — | — | Bottom 18% |
| Earnings yield | 4.98% | — | — | Top 29% |
P/E over the past five years
Range 17.5× – 55.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -13.5%
- Earnings per share growth (TTM)
- +9.3%
- Change in P/E multiple
- -2.3%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -5.3%
- 200-day average slope (20 days)
- -1.2%
- Distance from 50-day average
- -12.1%
- Distance from 200-day average
- -16.1%
- RSI (14)
- 22.6
- Relative volume
- 0.97×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.2%
- Volatility vs own 5-year history
- 38th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.30
- Correlation with S&P 500
- 0.22
- Current drawdown from 1-year high
- -25.1%
- Maximum drawdown, 3 years
- -26.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 3, 2021 | Sep 29, 2022 | -41.6% | 269 days | 491 days (Sep 13, 2024) |
| Mar 2, 2026 | Oct 1, 2026 | -26.0% | 148 days | Not yet recovered |
| Sep 23, 2024 | Apr 8, 2025 | -17.5% | 135 days | 224 days (Mar 2, 2026) |
| Oct 2, 2020 | Oct 30, 2020 | -15.9% | 20 days | 11 days (Nov 16, 2020) |
| Apr 22, 2021 | May 12, 2021 | -10.2% | 14 days | 14 days (Jun 2, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $5.60B
- P/E (TTM)
- 20.1
- EPS, diluted (TTM)
- $1.29
- Revenue (TTM)
- $664.0M
- Dividend yield
- 4.86%
- 52-week range
- $25.37 – $34.73
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $230.2M | $286.5M | $359.6M | $449.6M | $561.9M |
| Gross profit | $224.5M | $283.1M | $354.9M | $444.6M | $472.3M |
| Operating income | $134.4M | $175.4M | $242.8M | $278.2M | $362.5M |
| Net income | $95.7M | $134.1M | $190.7M | $203.0M | $253.0M |
| EPS (diluted) | $0.82 | $0.99 | $1.24 | $1.15 | $1.28 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $117.1M | $119.7M | $129.4M | $137.1M | $144.9M | $150.5M | $160.6M | $208.0M |
| Net income | $49.1M | $55.4M | $56.1M | $63.2M | $65.6M | $68.1M | $59.8M | $74.5M |
| EPS (diluted) | $0.27 | $0.30 | $0.29 | $0.32 | $0.33 | $0.34 | $0.28 | $0.34 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $167.4M | $211.0M | $254.6M | $308.5M | $381.1M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $167.4M | $211.0M | $254.6M | $308.5M | $381.1M |
| Dividends paid | -$112.3M | -$141.7M | -$168.2M | -$199.7M | -$233.9M |
| Net share buybacks | $458.3M | $403.9M | $507.3M | $570.2M | $657.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $134.2M
- Total assets
- $7.49B
- Total liabilities
- $3.04B
- Total debt
- $2.92B
- Net debt
- $2.78B
- Shareholders’ equity
- $4.41B
As of Jun 30, 2026 (filed Jul 22, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.32 | Oct 14, 2026 |
| Jun 30, 2026 | $0.32 | Jul 14, 2026 |
| Mar 31, 2026 | $0.31 | Apr 14, 2026 |
| Dec 31, 2025 | $0.31 | Jan 14, 2026 |
| Sep 30, 2025 | $0.30 | Oct 14, 2025 |
| Jun 30, 2025 | $0.30 | Jul 14, 2025 |
| Mar 31, 2025 | $0.30 | Apr 11, 2025 |
| Dec 31, 2024 | $0.30 | Jan 14, 2025 |
Short interest
- Shares sold short
- 14,161,113
- Days to cover
- 8.16
- Change vs previous report
- +3.0%
FINRA short interest, settlement date Sep 15, 2026.