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Essential Properties Realty Trust

EPRT

Essential Properties Realty Trust is an internally managed real estate investment trust that acquires and manages a diversified portfolio of single-tenant properties.

Market cap
$6.94B+14.2%
Revenue$615.5M+22.3%
Net income$267.8M+19.6%
EPS (diluted)$1.29+8.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$161.1M
EPS estimate$0.35

Financials

Q2 2026

Income statement

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Revenue$161.9M+18.1%
Operating income$104.4M+18.9%
Net income$74.3M+17.5%
EPS (diluted)$0.34+6.3%

Balance sheet

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Cash & equivalents$126.2M+507%
Total debt$13.3M+44.4%
Total equity$4.4B+15.1%
Total assets$7.5B+19.1%

Cash flow

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Operating cash flow$110.2M+10.4%

Valuation & ratios

Valuation

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Market cap$6.94B+14.2%
Enterprise value$6.83B+10.3%
P/E25.9×-1.8×
P/S11.3×-1.0×

Profitability

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Operating margin62.8%-0.1pp
Net margin43.5%-1.0pp

Returns & leverage

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Return on equity6.5%+0.2pp
Debt / equity0.0×

Competitors

Profile

Essential Properties Realty Trust is an internally managed real estate investment trust that acquires and manages a diversified portfolio of single-tenant properties. The company focuses on middle-market tenants operating service-oriented or experience-based businesses that are generally resistant to e-commerce disruption. Its core value proposition centers on long-term net leases and sale-leaseback transactions that provide stable, inflation-protected cash flows.

Competitive position

A leading provider of net-lease capital solutions to unrated middle-market operators, characterized by a highly granular portfolio with low concentration risk.

GeographiesUnited States
Customer segmentsMiddle-market companies, Service-oriented businesses, Experience-based businesses
Business modelTriple-Net Lease, Sale-Leaseback, Master Lease
SuppliersEquity capital markets, Debt capital markets, Commercial real estate brokers, Financial institutions
CustomersQuick service restaurants, Car wash operators, Medical and dental service providers, Early childhood education centers, Automotive service centers, Health and fitness clubs
Listed2018
Employees40.0
CEOPeter Mavoides
FilingsSEC EDGAR

Questions, answered.

What is Essential Properties Realty Trust's market cap?
Essential Properties Realty Trust (EPRT) has a market capitalization of $6.9B and trades on NYSE.
What is Essential Properties Realty Trust's revenue and profitability?
Essential Properties Realty Trust generated $615.5M in trailing twelve-month revenue with net income of $267.8M, representing a net margin of 43.5%. These figures are based on the Q2 2026 filing.
Who are Essential Properties Realty Trust's competitors?
Essential Properties Realty Trust's key competitors include NNN Reit, Inc., Realty Income Corporation, Agree Realty Corporation, and others. These companies compete in similar markets and product categories.
Who does Essential Properties Realty Trust partner with?
Essential Properties Realty Trust's notable partners include Moody's Analytics.
What subsidiaries does Essential Properties Realty Trust have?
Essential Properties Realty Trust's subsidiaries include Essential Properties Operating Partnership.
Where is Essential Properties Realty Trust headquartered?
Essential Properties Realty Trust is headquartered in United States of America and employs approximately 40 people. It has been publicly traded since 2018.