Essential Properties Realty Trust, Inc.
We are an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. We have assembled a diversified portfolio using a disciplined strategy that focuses on properties leased to tenants in businesses including, but not limit…
$24.89
-$0.87 (-3.38%)
EOD Oct 21, 2026
64.13% operating margin is above average. ROIC at 5.78%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 24.8% YoY with margins expanding 2.3pp.
Net debt of $2.48B represents 6.5x FCF, leverage limits flexibility.
20.2x earnings, 12.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$639M
▲ +24.8% YoY
Net Income (TTM)
$262M
▲ +24.6% YoY
Op. Margin
60.59%
▲ +2.3pp YoY
ROIC
5.39%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$433M
▲ +23.5% YoY
Op. Cash Flow (TTM)
$433M
▲ +23.5% YoY
Net Debt
$2.98B
Cash & Equiv.
$25M
5Y CAGR: +28.0%
5Y CAGR: +30.8%
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SourceComputed from the 10-Q filed 21 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 22 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Essential Properties Realty Trust (EPRT) overvalued?
At a P/E of 20.2 and a price-to-free-cash-flow of 12.7, Essential Properties Realty Trust (EPRT) trades below a two-stage DCF intrinsic value of about $86.19 per share, so at $24.89 the stock looks undervalued (246.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Essential Properties Realty Trust scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Essential Properties Realty Trust's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $86.19 per share for EPRT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $64.64. At today's $24.89, that puts the stock about 246.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Essential Properties Realty Trust a high-quality business?+
Essential Properties Realty Trust scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 60.6% operating margin and a 5.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Essential Properties Realty Trust (EPRT) pay a dividend, and how much?+
Yes, Essential Properties Realty Trust pays a regular dividend of about $1.20 per share per year (typically in quarterly installments), a yield of roughly 4.8% at the current price. That is a payout ratio of about 100.2% of earnings, so the dividend is stretched at this level. Essential Properties Realty Trust has grown the dividend at roughly 20.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For EPRT's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Essential Properties Realty Trust a good stock to buy right now?+
That depends on valuation and quality together, not either alone. EPRT currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 4.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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