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

$26.69+0.15(0.01%)Market open

Market Cap

$5.80B

P/E

22.1x

P/S

9.1x

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

AverageMetricSide Score: 53/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (2/25).

Profitability18/25

Growth20/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality2/25

Strengths

Growing revenueStrong marginsProfit converts from growthConsistent growth

Valuation vs. 5-year range

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

P/E · 22.1x5y range 19.1x – 36.8x

Currently near its 20-quarter median.

P/S · 9.1x5y range 9.1x – 15.3x

Currently near its 20-quarter median.

P/B · 1.3x5y range 1.1x – 1.9x

Watch items

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

High Risk

Margin Pressure

Watch

Operating margins declined 5.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

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

Price & Volume

Market Cap $5.80B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $639.23M
Q. Revenue: $168.67M
TTM EBITDA: $564.61M
TTM Op. Income: $387.32M
Q. Op. Income: $94.50M
TTM Net Income: $262.31M
Q. Net Income: $60.16M
EPS: $0.28
Shares Out.: $216.68M

$639.23M in TTM revenue grew 20.4% YoY, reaching $168.67M last quarter. TTM EBITDA of $564.61M and TTM operating income of $387.32M show growth is flowing through to the bottom line. TTM net income of $262.31M 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: 83.8%
Op. Margin: 56.0%
Net Margin: 35.7%

Op. margin of 56.0% is down 8.6% YoY — costs are rising relative to revenue. Net margin at 35.7% Over the past year, operating margin is down 13% — a weakening trend.

Price Ratios

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

P/E Ratio: 22.1x
P/S Ratio: 9.1x
P/B Ratio: 1.3x

At 22.1x P/E, the stock trades within typical market levels. P/S of 9.1x and P/B of 1.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $7.69B
Cash: $25.22M
Long-Term Debt: $2.99B
Book Value: $4.54B
D/E Ratio: 0.7
Debt/EBITDA: 21.1

With $7.69B in assets and $2.99B in long-term debt, D/E is 0.7and book value is $4.54B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — an improving trend.

Cash Flow

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

Op. Cash Flow: $118.07M
TTM Free Cash Flow: $-749.20M
FCF Margin: -117.2%
FCF / Net Income: -2.9

TTM FCF of $-749.20M on $118.07M in operating cash flow. The FCF / Net Income ratio of -2.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.