Loading…
EPRT
Essential Properties Realty Trust Inc
NYSE· Real Estate· REIT - Retail· CUSIP 29670E107
$26.26+5.50%Price as of Oct 23, 00:47 UTC · updated once a day, after the close
At a glance
Essential Properties Realty Trust Inc (EPRT) is listed on NYSE and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Princeton, United States and has 56 employees. The company is worth $5.69B and trades at 19.3x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $561.22M in fiscal 2025, up 24.8% from the year before. Net income was $253.01M. The share price is 24.4% below its 52-week high of $34.73. It pays a dividend yielding 4.87%, and has raised its annual dividend for 6 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $143.96M. In that quarter, 3 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $5.69B
- P/E
- 19.3x
- Forward P/E
- 19.5x
- P/B
- 1.3x
- Dividend yield
- 4.87%
- Payout
- 94.12%
- EPS
- $1.36
- ROE
- 6.48%
- Profit margin
- 43.51%
- Revenue growth
- +18.10%
- Beta
- 0.84
- 52-week high
- $34.73
- 52-week low
- $24.62
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Two SigmaReducedTwo Sigma Investments · Q2 2026$143.96M4.82M shares · 0.1% of portfolio
- Israel EnglanderAddedMillennium Management · Q2 2026$27.01M904.93K shares · 0.0% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$20.43M684.51K shares · 0.0% of portfolio- Cliff AsnessAddedAQR Capital Management · Q2 2026$2.86M95.81K shares · 0.0% of portfolio
Price over time
▼ -3.5% over 5Y.
today you would have $1,086.88▲ +8.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 8 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $29.66 | $31.28 | $25.56 | $23.47 | $28.83 | $21.20 | $24.81 | $13.84 | |
| P/E | 27.2x | 23.2x | 27.2x | 20.6x | 23.7x | 35.2x | 48.2x | 39.4x | — |
| P/S | 12.4x | 11.1x | 13.1x | 11.8x | 11.8x | 15.7x | 13.6x | 16.4x | 6.3x |
| P/B | 1.5x | 1.5x | 1.6x | 1.4x | 1.4x | 1.8x | 1.4x | 1.9x | 1.1x |
| EPS | $1.28 | $1.15 | $1.24 | $0.99 | $0.82 | $0.44 | $0.63 | — | |
| Dividend yield | 3.89% | 4.06% | 3.71% | 4.38% | 4.58% | 3.47% | 4.39% | 3.55% | 3.14% |
| Payout | 108.59% | 94.14% | 100.87% | 90.32% | 108.59% | 121.95% | 211.36% | 139.68% | — |
| Profit margin | 43.33% | 45.08% | 45.15% | 53.03% | 46.82% | 41.58% | 25.39% | 30.03% | 16.19% |
| ROE | 5.05% | 6.02% | 5.70% | 6.40% | 5.39% | 4.70% | 2.68% | 3.50% | 2.78% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$24.76
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$39.01
Earnings growing 23.8% a year plus a 4.9% dividend yield. Growth capped at 25%.
Earnings
$30.06
Median P/E of 22.1 among peers in the sector.
Earnings
$36.99
Median P/E of 27.2 across this company’s own years on record.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
$22.23
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividends
$44.68
Dividend growing 5.4% a year against a 8.2% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $32.70 (avg. of 4)+Operating $22.23+Dividends $44.68÷ 3 =$33.20
$33.20
6 methods answered, across 3 families.
$24.90
Room for errors in the reported numbers.
$26.26
+26.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| RYNRayonier Inc | $18.72 | 40.7x | 1.1x | 13.10% | 2.02% | $5.6B |
| OUTOUTFRONT Media Inc. | $31.40 | 22.6x | 8.0x | 3.92% | 35.02% | $5.53B |
| PECOPhillips Edison & Company, Inc. | $38.29 | 32.7x | 2.1x | 3.60% | 6.02% | $5.42B |
| HRHealthcare Realty Trust Inc | $17.93 | — | 1.5x | 5.35% | -1.92% | $6.22B |
| KRGKite Realty Group Trust | $24.77 | 15.5x | 1.7x | 4.68% | 10.74% | $5.08B |
| FSVFirstService Corp | $147.22 | 38.8x | 4.9x | 0.83% | 11.97% | $6.43B |
About the company
- 56
- Princeton, United States