Essential Properties Realty Trust, Inc. (EPRT) Stock

Essential Properties Realty Trust, Inc. (EPRT) is a Real Estate stock trading at $30.84 (as of 2026-08-21), with a market capitalization of $6.67B and a trailing P/E of 25.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Essential Properties Realty Trust, Inc. acquires, owns, and manages single-tenant properties in the United States. It leases these properties on a long-term basis to middle-market operators such as restaurants, car washes, automotive services, medical and dental services, convenience stores, and related businesses.

Understand Essential Properties Realty Trust, Inc.: how it makes money

Essential Properties Realty Trust owns and manages single-tenant properties in the United States and makes money primarily from leasing those properties long term to middle-market businesses.

Profit is driven mainly by long-term rental revenue collected from its single-tenant property portfolio, which then needs to cover ongoing property operating costs to produce operating profit.

Revenue by segment (latest quarter)
Rental$0.1B
Other$0.1B

Business quality (Strong): Clear business model (single-tenant properties leased long term) and a key operating linkage to rental revenue, but results can still hinge on the underlying tenants and lease performance.

Valuation: At 23× earnings, EPRT trades 31% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Long-term, single-tenant leases: The company leases single-tenant properties on a long-term basis to a range of middle-market businesses (for example, restaurants, car washes, automotive services, medical and dental services, convenience stores, and health and fitness).
  • Scalable property base: As of December 31, 2021, it reported a portfolio of 1,451 properties, which can support recurring rental revenue.

Bear case

  • Tenant credit and rent collection risk: Because revenue is primarily rental revenue from operating tenants, tenant financial health and lease continuity can materially affect results.
  • Revenue mix appears concentrated: Rental revenue is the dominant component of revenue, while other revenue is shown as zero in the provided breakdown, which means fewer offsets if rental revenue weakens.
Valuation — source: SEC EDGAR (first-party)
Price$30.84
Market Cap$6.67B
P/E Ratio25.7
EV / EBITDA17.5
Price / Book1.50
Price / Sales10.68
DCF Value (model)$75.68
DCF Upside vs Price145.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$561.22M
Net Margin45.1%
Revenue Growth (YoY)25.8%
EPS Growth (YoY)9.7%
FCF Growth (YoY)20.8%
Valuation vs Sector & Industry
Stock P/E25.7
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-5.5%
vs Industry-27.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.13B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorReal Estate
IndustryTrading
CEOPeter Mavoides
Employees48
CountryUS
IPO Date2018-06-21

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

  • Ryman Hospitality Properties, Inc. (RHP)
  • Vornado Realty Trust (VNO)
  • STAG Industrial, Inc. (STAG)
  • The Macerich Company (MAC)
  • Healthcare Realty Trust Incorporated (HR)
  • Rayonier Inc. (RYN)
  • Starwood Property Trust, Inc. (STWD)
  • Rithm Capital Corp. (RITM)
EPRT earnings history · EPRT institutional & insider holders · EPRT KPIs & operating metrics · EPRT financials · EPRT investor presentations & press releases · EPRT SEC filings · EPRT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.