EPRT

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Essential Properties Realty Trust, Inc.

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Key Metrics

Previous Close: $31.10
52-Week Range: $28.95 – $34.73
Market Cap: $6.76B
P/E (TTM): 24.16
EPS (TTM): 1.29
Dividend Yield: 4.12%

Advanced Metrics

Price/Book: 1.53
PEG Ratio: —
Return on Equity: 6.48%
Return on Assets: 3.58%
Gross Margin: 98.41%
Operating Margin: 62.47%
Profit Margin: 43.51%
Current Ratio: 3.84
Debt/Equity: 0.66
Total Debt: $2.92B
Free Cash Flow: $305.32M
Revenue Growth: 18.10%
Earnings Growth: 7.50%
Enterprise Value: $9.57B

EPRT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$286.51M	$359.60M	$449.61M	$561.22M
Cost of Revenue	$3.45M	$4.66M	$5.00M	$7.58M
Gross Profit	$283.05M	$354.93M	$444.61M	$553.64M
Selling, General & Admin	$29.46M	$30.68M	$35.16M	$40.86M
Operating Expenses	$118.11M	$132.80M	$157.55M	$194.57M
Operating Income	$164.94M	$222.13M	$287.06M	$359.07M
EBITDA	$264.67M	$346.87M	$404.97M	$516.06M
Pretax Income	$135.74M	$192.05M	$204.27M	$254.38M
Income Tax	$998.00K	$636.00K	$628.00K	$644.00K
Net Income	$134.13M	$190.71M	$203.00M	$253.01M
Diluted EPS	0.99	1.24	1.15	1.28
Diluted Shares	135.86M	153.52M	177.12M	198.05M

EPRT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$62.34M	$39.81M	$40.71M	$60.18M
Receivables	$341.61M	$364.06M	$525.45M	$631.80M
Inventory	$4.78M	$7.46M	$10.02M	$2.63M
Current Assets	$417.89M	$420.48M	$580.45M	$704.80M
Total Assets	$4.00B	$4.77B	$5.80B	$6.86B
Current Liabilities	$68.66M	$78.43M	$90.75M	$106.42M
Long-Term Debt	$1.42B	$1.67B	$2.12B	$2.51B
Total Debt	$1.43B	$1.68B	$2.13B	$2.52B
Total Liabilities	$1.50B	$1.78B	$2.23B	$2.66B
Retained Earnings	-$117.19M	-$105.55M	-$113.30M	-$109.26M
Shareholders' Equity	$2.49B	$2.98B	$3.56B	$4.20B
Working Capital	$349.23M	$342.05M	$489.69M	$598.38M
Net Debt	$1.36B	$1.63B	$2.08B	$2.45B

EPRT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$211.02M	$254.57M	$308.48M	$381.08M
Free Cash Flow	$211.02M	$254.57M	$308.48M	$381.08M
Depreciation & Amortisation	$88.34M	$101.94M	$121.92M	$153.47M
Stock-Based Compensation	$9.49M	$9.01M	$10.83M	$13.18M
Investing Cash Flow	-$706.08M	-$857.13M	-$1.12B	-$1.15B
Financing Cash Flow	$506.80M	$580.01M	$810.70M	$798.35M
Dividends Paid	-$141.69M	-$168.23M	-$199.66M	-$233.94M
Net Change in Cash	$11.74M	-$22.54M	-$3.98M	$25.39M

EPRT Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$137.06M	$144.93M	$149.87M	$158.80M	$161.89M
Cost of Revenue	$1.50M	$1.85M	$1.97M	$1.50M	$1.08M
Gross Profit	$135.56M	$143.08M	$147.90M	$157.30M	$160.81M
Selling, General & Admin	$10.67M	$10.21M	$8.44M	$12.33M	$10.91M
Operating Expenses	$49.22M	$49.27M	$49.51M	$56.14M	$59.68M
Operating Income	$86.35M	$93.81M	$98.39M	$101.17M	$101.13M
EBITDA	$127.11M	$133.29M	$140.43M	$133.25M	$151.80M
Pretax Income	$63.53M	$65.97M	$68.44M	$60.11M	$75.12M
Income Tax	$156.00K	$170.00K	$159.00K	$160.00K	$635.00K
Net Income	$63.21M	$65.62M	$68.07M	$59.79M	$74.29M
Diluted EPS	0.32	0.33	0.34	0.28	0.34
Diluted Shares	199.63M	199.88M	201.62M	212.06M	217.92M

EPRT Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$20.78M	$23.84M	$60.18M	$15.18M	$126.17M
Receivables	$575.54M	$621.87M	$631.80M	$705.57M	$728.91M
Inventory	$0.00	$1.36M	$2.63M	$18.21M	$3.92M
Current Assets	$596.61M	$647.07M	$704.80M	$739.96M	$867.05M
Total Assets	$6.29B	$6.61B	$6.86B	$7.15B	$7.49B
Current Liabilities	$92.73M	$95.81M	$106.42M	$112.07M	$114.32M
Long-Term Debt	$2.32B	$2.63B	$2.51B	$2.61B	$2.90B
Total Debt	$2.33B	$2.64B	$2.52B	$2.63B	$2.92B
Total Liabilities	$2.45B	$2.77B	$2.66B	$2.76B	$3.04B
Retained Earnings	-$118.20M	-$112.22M	-$109.26M	-$124.77M	-$119.78M
Shareholders' Equity	$3.83B	$3.84B	$4.20B	$4.39B	$4.41B
Working Capital	$503.88M	$551.26M	$598.38M	$627.89M	$752.74M
Net Debt	$2.30B	$2.61B	$2.45B	$2.60B	$2.78B

EPRT Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$99.78M	$98.99M	$105.15M	$99.76M	$110.17M
Free Cash Flow	$99.78M	$98.99M	$105.15M	$99.76M	$110.17M
Depreciation & Amortisation	$38.55M	$38.92M	$41.05M	$43.11M	$46.41M
Stock-Based Compensation	$3.50M	$3.55M	$2.17M	$4.17M	$3.46M
Investing Cash Flow	-$286.87M	-$345.81M	-$237.26M	-$372.96M	-$213.28M
Financing Cash Flow	$161.16M	$249.59M	$178.64M	$219.00M	$221.17M
Dividends Paid	-$58.66M	-$59.84M	-$59.84M	-$65.39M	-$67.58M
Net Change in Cash	-$25.93M	$2.77M	$46.52M	-$54.20M	$118.06M

Market Snapshot

About

Essential Properties Realty Trust is a real estate investment trust focused on acquiring and managing single-tenant properties net leased to middle-market companies. The company's portfolio includes service-oriented and experience-based retail properties such as restaurants, car washes, automotive services, medical services, and convenience stores. EPRT emphasizes properties with essential goods and services that demonstrate resilience across economic cycles. The REIT generates revenue through long-term net lease agreements with creditworthy tenants.