Is Essential Properties Realty Trust (EPRT) overvalued or fairly valued?

MarketChacha shows Essential Properties Realty Trust's valuation in context — a trailing P/E of about 20.2, a forward P/E of about 18.8, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Essential Properties Realty Trust's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.46×) from reported figures — education, not a rating.

What is Essential Properties Realty Trust's revenue?

Essential Properties Realty Trust reported revenue of $561.2M for FY2025, with net profit of $253.0M, per official filings.

What is the share price of Essential Properties Realty Trust (EPRT)?

Essential Properties Realty Trust last traded at $25.69 (+0.7% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Essential Properties Realty Trust

EPRT · NYSE · Real Estate · United States

Snapshot

TickerEPRT

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees56

HeadquartersPrinceton, United States

Websiteessentialproperties.com

Filings tracked25

About Essential Properties Realty Trust

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.

Who owns it

Insiders0.6%
Institutions99.4%
Public & other0.0%

545 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.18.33%
Cohen & Steers Inc.17.95%
Vanguard Portfolio Management LLC9.82%
State Street Corporation5.59%
Vanguard Capital Management LLC4.50%
Geode Capital Management, LLC2.89%
Massachusetts Financial Services Co.2.51%
Wellington Management Group, LLP2.47%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 8.0 points over the period — profitability is trending down.

Cash conversion1.46×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend53.0% → 45.1%

Margin has compressed by about 8.0 points over the period — profitability is trending down.

Return on equity6.0%

Latest ROE of 6.0% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 25% · PAT 15%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $176.8M · EPS 0.34

Est. earnings growth +2.4%

Next fiscal year

Rev $774.1M · EPS 1.38

Est. earnings growth +3.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$561.2M

Net margin

45.1%

ROE

6.0%

Revenue CAGR (2y)

+24.9%

Profit CAGR (2y)

+15.2%

EPS (FY2025)

1.28

Net profit (FY2025)

$253.0M

Ask MarketChacha about EPRT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$561.2M	$253.0M	1.28	45.1%	6.0%
FY2024	$449.6M	$203.0M	1.15	45.2%	5.7%
FY2023	$359.6M	$190.7M	1.24	53.0%	6.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$161.9M	$74.3M	0.34	45.9%
2026Q1	$158.8M	$59.8M	0.28	37.7%
2025Q3	$144.9M	$65.6M	0.33	45.3%
2025Q2	$137.1M	$63.2M	0.32	46.1%
2025Q1	$129.4M	$56.1M	0.29	43.4%
2024Q3	$117.1M	$49.1M	0.27	42.0%
2024Q2	$109.3M	$51.5M	0.29	47.1%
2024Q1	$103.5M	$47.0M	0.28	45.4%
2023Q3	$91.7M	$45.9M	0.29	50.1%
2023Q2	$86.5M	$52.8M*	0.35	—
2023Q1	$83.7M	$42.9M	0.29	51.3%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC9/9/2026material
8-K — Other events, Exhibits
SEC9/8/2026material
8-K — Other events, Exhibits
SEC7/24/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/22/2026material
10-Q filing
SEC7/22/2026
8-K — Material agreement, Other events, Exhibits
SEC6/15/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/1/2026material
8-K — Other events, Exhibits
SEC6/1/2026material
8-K — Shareholder vote results, Exhibits
SEC5/12/2026material
8-K/A — Executive/director change, Exhibits
SEC5/8/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/22/2026material
10-Q filing
SEC4/22/2026
8-K — Reg FD disclosure, Exhibits
SEC4/7/2026material
8-K — Other events, Exhibits
SEC3/9/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/2/2026material
8-K — Other events, Exhibits
SEC2/19/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/11/2026material
10-K filing
SEC2/11/2026

2025

8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/17/2025material
8-K — Reg FD disclosure, Exhibits
SEC12/9/2025material
8-K — Other events, Exhibits
SEC12/8/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/22/2025material
10-Q filing
SEC10/22/2025
8-K — Reg FD disclosure, Exhibits
SEC9/17/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/8/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.