Essential Properties Realty Tru (EPRT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Essential Properties Realty Tru

NYSE•Real Estate•REIT - Retail

$26.79-1.20(-0.04%)Pre-market

Market Cap

$5.80B

P/E

21.6x

P/S

9.4x

P/B

1.3x

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.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Growth (22/25); weakest: Cash & Earnings Quality (2/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality2/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.6x5y range 21.6x – 55.9x

Currently below its 20-quarter median.

P/S · 9.4x5y range 9.4x – 19.4x

Currently below its 20-quarter median.

P/B · 1.3x5y range 1.3x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $5.80B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $615.49M
Q. Revenue: $161.89M
TTM EBITDA: $555.89M
TTM Op. Income: $386.56M
Q. Op. Income: $104.42M
TTM Net Income: $267.77M
Q. Net Income: $74.29M
EPS: $0.34
Shares Out.: $216.26M

$615.49M in TTM revenue grew 22.3% YoY, reaching $161.89M last quarter. TTM EBITDA of $555.89M and TTM operating income of $386.56M show growth is flowing through to the bottom line. TTM net income of $267.77M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 93.0%
Op. Margin: 64.5%
Net Margin: 45.9%

Op. margin of 64.5% is up 0.4% YoY — cost efficiency is improving. Net margin at 45.9% Over the past year, operating margin is up 1% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.6x
P/S Ratio: 9.4x
P/B Ratio: 1.3x

At 21.6x P/E, the stock trades within typical market levels. P/S of 9.4x and P/B of 1.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 23% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.49B
Cash: $126.17M
Long-Term Debt: $2.93B
Book Value: $4.41B
D/E Ratio: 0.7
Debt/EBITDA: 19.5

With $7.49B in assets and $2.93B in long-term debt, D/E is 0.7and book value is $4.41B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 9% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $110.17M
TTM Free Cash Flow: $-773.32M
FCF Margin: -125.6%
FCF / Net Income: -2.9

TTM FCF of $-773.32M on $110.17M in operating cash flow. The FCF / Net Income ratio of -2.9x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 9% — an improving trend.