Essential Properties Realty Trust, Inc. (EPRT)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Essential Properties Realty Trust, Inc. (EPRT) trades at $31.25 with AI Score 72/100 (Grade A). Essential Properties Realty Trust, Inc. Market cap: $6.76B, Sector: Real estate.
Price live · AI analysis from May 10, 2026EPRT stock analysis for 2026: Analysts have set a consensus price target of $37.00 for Essential Properties Realty Trust, Inc., suggesting 18.4% upside from the current price of $31.25. The AI MoonshotScore is 72/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
EPRT: 3/4 perspectives are bullish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Essential Properties Realty Trust, Inc. (EPRT) Real Estate Portfolio & Strategy
Essential Properties Realty Trust is a REIT specializing in single-tenant properties leased to middle-market businesses across diverse sectors like restaurants, car washes, and healthcare. With a focus on long-term leases and a geographically dispersed portfolio, EPRT aims to deliver consistent income and growth, distinguishing itself through tenant diversification and strategic property selection.
What Is the Investment Thesis for EPRT?
Essential Properties Realty Trust presents a compelling investment case based on its diversified portfolio of single-tenant properties and focus on middle-market companies. The company's high occupancy rates and long-term lease agreements provide a stable revenue stream. With a dividend yield of 3.89% and a profit margin of 43.3%, EPRT offers a blend of income and growth potential. Key catalysts include continued expansion of its property portfolio and strategic acquisitions in high-growth sectors. However, potential risks include interest rate fluctuations and economic downturns impacting tenant performance. The company's P/E ratio of 24.9 reflects investor confidence in its long-term prospects.
Based on FMP financials and quantitative analysis
EPRT Key Highlights
- Market capitalization of $6.76B, indicating substantial investor confidence.
- Profit margin of 43.3% demonstrates efficient operations and strong profitability.
- Gross margin of 70.3% reflects the company's ability to generate significant revenue from its properties.
- Dividend yield of 3.89% provides an attractive income stream for investors.
- Beta of 1.02 indicates that the stock's volatility is similar to the overall market.
Who Are EPRT's Competitors?
EPRT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FR First Industrial Realty Trust, Inc. | $62.69 | +0.46% | $8.31B | 76 |
| REXR Rexford Industrial Realty, Inc. | $34.26 | +0.15% | 8B | 56 |
| CTRE CareTrust REIT, Inc. | $41.34 | -0.99% | $9.77B | 95 |
| STAG STAG Industrial, Inc. | $39.05 | -0.28% | $7.47B | 72 |
| BPYPO Brookfield Property Partners | $15.07 | +0.40% | $6.32B | 44 |
| LNSPF LondonMetric Property Plc | $2.45 | +0.00% | $5.72B | 63 |
| TKURF Tokyu REIT, Inc. | $1314.00 | +0.00% | $1.26B | 59 |
| AAT American Assets Trust, Inc. | $25.35 | -0.63% | $1.56B | 59 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EPRT's Key Strengths?
- Diversified tenant base across various industries.
- Long-term lease agreements providing stable income.
- High occupancy rates due to focus on essential service industries.
- Geographically dispersed portfolio mitigating regional risks.
What Are EPRT's Weaknesses?
- Exposure to economic downturns affecting tenant performance.
- Reliance on middle-market companies, which may be more vulnerable than larger corporations.
- Sensitivity to interest rate fluctuations.
- Potential for property vacancies and lease defaults.
What Could Drive EPRT Stock Higher?
- Continued expansion of property portfolio through strategic acquisitions.
- Diversification of tenant base into new industries and regions.
- Focus on sustainable properties to attract environmentally conscious tenants and investors.
- Potential for increased rental rates due to inflation and rising property values.
- Strategic partnerships to access new capital and expertise.
What Are the Key Risks for EPRT?
- Insider selling — insiders were net sellers of roughly $1.5M recently.
- Economic downturns leading to decreased tenant demand and rental income.
- Rising interest rates increasing borrowing costs.
- Increased competition from other REITs and real estate investors.
- Changes in regulations affecting the REIT sector.
- Property vacancies and lease defaults.
What Are the Growth Opportunities for EPRT?
- Expansion of Property Portfolio: Essential Properties Realty Trust has the opportunity to grow its portfolio through strategic acquisitions of single-tenant properties in high-growth sectors. By targeting properties leased to essential businesses, such as healthcare providers and grocery stores, EPRT can enhance its revenue stream and reduce risk. The market for single-tenant properties is estimated to be worth billions of dollars, providing ample opportunities for EPRT to expand its footprint. Timeline: Ongoing.
- Diversification of Tenant Base: While EPRT already has a diversified tenant base, there is still room to further diversify by targeting new industries and geographic regions. By expanding into new markets, EPRT can reduce its reliance on any single tenant or region. This will help to mitigate risk and ensure a more stable income stream. Timeline: Ongoing.
- Strategic Partnerships: Essential Properties Realty Trust can form strategic partnerships with other real estate companies or financial institutions to access new capital and expertise. These partnerships can help EPRT to accelerate its growth and expand its capabilities. For example, EPRT could partner with a private equity firm to acquire a large portfolio of properties. Timeline: Ongoing.
- Technological Innovation: EPRT can invest in technology to improve its property management and tenant relations. By implementing advanced property management software, EPRT can streamline its operations and reduce costs. Additionally, EPRT can use technology to enhance tenant satisfaction and retention. Timeline: Ongoing.
- Focus on Sustainability: As environmental concerns continue to grow, EPRT can focus on developing and acquiring sustainable properties. By investing in energy-efficient buildings and renewable energy sources, EPRT can attract environmentally conscious tenants and investors. This will also help to reduce EPRT's operating costs and improve its long-term sustainability. Timeline: Ongoing.
What Opportunities Does EPRT Have?
- Expansion of property portfolio through strategic acquisitions.
- Further diversification of tenant base into new industries and regions.
- Formation of strategic partnerships to access new capital and expertise.
- Investment in technology to improve property management and tenant relations.
What Threats Does EPRT Face?
- Increased competition from other REITs and real estate investors.
- Changes in regulations affecting the REIT sector.
- Economic downturns leading to decreased tenant demand and rental income.
- Rising interest rates increasing borrowing costs.
What Are EPRT's Competitive Advantages?
- Diversified tenant base across various industries reduces risk.
- Long-term lease agreements provide stable and predictable income.
- Focus on middle-market companies in essential service industries ensures high occupancy rates.
- Geographically dispersed portfolio mitigates regional economic risks.
What Does EPRT Do?
Essential Properties Realty Trust, Inc. was founded in 2016 and is headquartered in Princeton, New Jersey. The company operates as a real estate investment trust (REIT) that specializes in acquiring, owning, and managing single-tenant properties across the United States. These properties are leased to middle-market companies operating in a variety of sectors, including restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness. EPRT's business model focuses on establishing long-term lease agreements with its tenants, providing a stable and predictable income stream. As of December 31, 2021, Essential Properties Realty Trust's portfolio consisted of 1,451 properties. The company's strategy involves carefully selecting properties and tenants to ensure diversification and minimize risk. By focusing on middle-market companies in essential service industries, EPRT aims to maintain high occupancy rates and consistent rental income. The REIT structure requires the company to distribute at least 90% of its taxable income to stockholders, making it a noteworthy option for income-seeking investors.
What Products and Services Does EPRT Offer?
- Acquires single-tenant properties across the United States.
- Owns and manages a diversified portfolio of real estate assets.
- Leases properties to middle-market companies in various sectors.
- Focuses on long-term lease agreements for stable income.
- Operates as a real estate investment trust (REIT).
- Distributes a significant portion of its taxable income to stockholders.
- Manages a portfolio of 1,451 properties as of December 31, 2021.
How Does EPRT Make Money?
- Acquires single-tenant properties leased to middle-market companies.
- Generates revenue through long-term lease agreements.
- Distributes at least 90% of taxable income to stockholders to maintain REIT status.
- Manages and maintains its property portfolio to ensure tenant satisfaction and property value.
What Industry Does EPRT Operate In?
Essential Properties Realty Trust operates within the REIT sector, which has experienced steady growth due to increasing demand for income-generating real estate assets. The diversified REIT sub-segment allows EPRT to mitigate risk by investing in various property types and industries. The competitive landscape includes companies like First Industrial Realty Trust, Inc. (FR) and Rexford Industrial Realty, Inc. (REXR), but EPRT differentiates itself through its focus on middle-market tenants and essential service industries. The REIT sector is influenced by interest rates, economic growth, and regulatory changes.
Who Are EPRT's Key Customers?
- Restaurants
- Car washes
- Automotive services
- Medical and dental services
- Convenience stores
- Equipment rental
- Entertainment
- Early childhood education
- Grocery
- Health and fitness
How Essential Properties Realty Trust, Inc. Is Valued
Essential Properties Realty Trust, Inc. carries a market capitalization of $6.76B, placing it in the mid-cap category. Relative to its peer group, EPRT's quantitative score of 72/100 is roughly in line with the peer average of 69/100.
Company Profile
Essential Properties Realty Trust, Inc. operates in the REIT - Diversified industry within the Real Estate sector. It is headquartered in Princeton, US. The company is led by CEO Peter Mavoides. EPRT has traded publicly since 2018.
ROE 6%Key Financial Metrics
Return on equity for Essential Properties Realty Trust, Inc. stands at 6.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.6%, showing how much profit it generates from its asset base. EPRT trades at a trailing price-to-earnings ratio of 24.85, above the Real Estate sector average of ~20x. Its free cash flow yield is -7.0%, a gauge of the cash the business throws off relative to its market value. Its earnings yield is 4.0%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
Essential Properties Realty Trust, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.81 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project Essential Properties Realty Trust, Inc. revenue of about $635.1M for fiscal 2026, with EPS near $1.30. The estimate reflects 7 contributing analysts.
Net buyingInsider Activity
Over the past six months, Essential Properties Realty Trust, Inc. insiders filed 30 SEC Form 4 transactions — 7 sales and 23 purchases. On net that is roughly 317K shares acquired (about $1.5M) — insiders putting money in tends to read as conviction.
EPRT Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- EPRT's insiders seem to be holding steady, which could signal confidence in the long-term value of the company.
- The community chatter suggests a belief in EPRT's business model, especially its focus on essential, service-oriented retail properties.
- EPRT's properties are generally considered recession-resistant, which is a plus given current economic uncertainties.
- The market seems to view EPRT as a stable REIT play, offering consistent dividend income.
Bear Case
- Some community members are concerned about the potential impact of rising interest rates on EPRT's borrowing costs and overall profitability.
- There's some worry about the concentration of EPRT's tenant base in specific sectors, which could expose them to sector-specific risks.
- Recent market developments, like shifts in consumer spending, might impact some of EPRT's tenants, leading to potential rent payment issues.
- Certain voices in the community express concern about the long-term viability of some brick-and-mortar retail, even essential businesses, in the face of e-commerce.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EPRT Latest News
-
This NICE Analyst Turns Bullish; Here Are Top 4 Upgrades For Thursday
benzinga · Jun 18, 2026
-
Scotiabank Upgrades Essential Properties to Sector Outperform, Lowers Price Target to $33
benzinga · Jun 18, 2026
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Scotiabank Upgrades Essential Properties Realty Trust to Sector Outperform From Sector Perform, Adjusts PT to $33 From $34
MT Newswires · Jun 18, 2026
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Essential Properties: Priced At A Premium To Net Asset Value
seekingalpha.com · Jun 17, 2026
EPRT Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for EPRT.
Price Targets
Consensus target: $37.00
EPRT MoonshotScore
What does this score mean?
The MoonshotScore rates EPRT's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
This NICE Analyst Turns Bullish; Here Are Top 4 Upgrades For Thursday
Scotiabank Upgrades Essential Properties to Sector Outperform, Lowers Price Target to $33
Scotiabank Upgrades Essential Properties Realty Trust to Sector Outperform From Sector Perform, Adjusts PT to $33 From $34
Essential Properties: Priced At A Premium To Net Asset Value
Latest Essential Properties Realty Trust, Inc. Analysis
Leadership: Peter Mavoides
CEO
Peter Mavoides serves as the Chief Executive Officer of Essential Properties Realty Trust, Inc. His career reflects extensive experience in the real estate and finance sectors. Prior to joining EPRT, Mavoides held leadership positions at various investment and real estate firms. His expertise encompasses investment strategy, portfolio management, and capital allocation. He brings a wealth of knowledge to EPRT, guiding the company's growth and strategic direction. Mavoides is responsible for overseeing all aspects of the company's operations and financial performance.
Track Record: Under Peter Mavoides' leadership, Essential Properties Realty Trust has experienced significant growth in its property portfolio and revenue. He has overseen strategic acquisitions and expansions, strengthening the company's market position. Mavoides has also focused on enhancing tenant relationships and improving operational efficiency. His leadership has contributed to EPRT's strong financial performance and consistent dividend payouts.
What Investors Ask About Essential Properties Realty Trust, Inc. (EPRT) — Real Estate
What does Essential Properties Realty Trust, Inc. do?
Essential Properties Realty Trust, Inc. (EPRT) is a real estate investment trust (REIT) that specializes in acquiring, owning, and managing single-tenant properties across the United States. The company leases these properties to middle-market companies operating in various sectors, including restaurants, car washes, and healthcare services. EPRT's business model focuses on establishing long-term lease agreements, providing a stable and predictable income stream. The company distributes a significant portion of its taxable income to stockholders to maintain its REIT status.
What do analysts say about EPRT stock?
Analyst consensus on Essential Properties Realty Trust (EPRT) typically reflects a positive outlook, driven by the company's stable income stream and diversified portfolio. Key valuation metrics, such as the P/E ratio and dividend yield, are closely monitored. Growth considerations include the company's ability to expand its property portfolio and maintain high occupancy rates. Analysts generally acknowledge the potential risks associated with economic downturns and interest rate fluctuations, but view EPRT as a solid long-term investment.
What are the main risks for EPRT?
The main risks for Essential Properties Realty Trust (EPRT) include economic downturns that could negatively impact tenant performance and rental income. Rising interest rates could increase borrowing costs and reduce profitability. Increased competition from other REITs and real estate investors could put pressure on rental rates and occupancy levels. Changes in regulations affecting the REIT sector could also pose a risk. Additionally, property vacancies and lease defaults could reduce the company's income stream.
What are the key factors to evaluate for EPRT?
Essential Properties Realty Trust, Inc. (EPRT) holds an AI score of 72/100 (high). P/E: 24.9x vs the S&P 500's ~20-25x. Analysts target $37.00 (+18%). Not financial advice.
How frequently does EPRT data refresh on this page?
EPRT prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven EPRT's recent stock price performance?
Essential Properties Realty Trust, Inc. (EPRT) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified tenant base across various industries. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EPRT overvalued or undervalued right now?
Essential Properties Realty Trust, Inc. (EPRT) trades at 24.9x earnings. Analysts target $37.00 (+18%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying EPRT?
Before investing in Essential Properties Realty Trust, Inc. (EPRT), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2021-12-31.
- Market conditions and company performance may have changed since the last update.