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Earnings transcript
Read the complete earnings call transcript.
EPRT
Essential Properties Realty Trust, Inc.
$30.85
0.23
(0.75%)
| Exchange: | NYSE |
| Market Cap: | 6.475B |
| Shares Outstanding: | 40.977M |
About The Company
| Sector: | Real Estate | |||||
| Industry: | REIT – Diversified | |||||
| CEO: | Peter Mavoides | |||||
| Full Time Employees: | 48 | |||||
| Address: |
| |||||
| Website: | https://essentialproperties.com |
Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 359,595 | 449,610 | 561,889 |
| Gross Profit | 354,932 | 444,613 | 472,256 |
| EBITDA | 352,053 | 404,971 | 518,957 |
| Operating Income | 242,753 | 278,193 | 362,453 |
| Net Income | 190,707 | 203,004 | 253,011 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,768,261 | 5,798,682 | 6,863,023 |
| Total Liabilities | 1,781,259 | 2,226,555 | 2,655,129 |
| Total Stockholders Equity | 2,978,579 | 3,563,678 | 4,199,994 |
| Total Debt | 1,691,030 | 2,128,217 | 0 |
| Cash and Cash Equivalents | 39,807 | 40,713 | 60,181 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 254,574 | 308,484 | 381,080 |
| Capital Expenditure | -894,550 | -825,751 | 0 |
| Free Cash Flow | 254,574 | 308,484 | 381,080 |
| Net Income | 191,415 | 203,638 | 253,731 |
| Net Change in Cash | -22,537 | -3,985 | 25,387 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,035,571.646 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,094,657.961 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,068,900 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 943,735.591 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 997,582.043 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 974,108.336 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 303,711.128 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 326,457.808 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 316,542.175 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 92,114.853 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 97,370.624 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 95,079.434 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.620 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.510 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance Metrics: EPRT demonstrates robust financial health with consistent revenue growth, as evidenced by historical income statement data. Key metrics such as gross profit margin (TTM) and net profit margin (TTM) indicate efficient operations and profitability relative to industry peers in the Real Estate sector.
- Strong Free Cash Flow Yield: The free cash flow yield (TTM) suggests EPRT generates significant cash relative to its market cap, providing flexibility for dividends, debt reduction, or reinvestment. This is supported by positive trends in net cash provided by operating activities from cash flow statements.
- Attractive Dividend Yield: With a competitive dividend yield (TTM) and a history of consistent dividend payments (lastDiv), EPRT appeals to income-focused investors, enhancing its position as a stable investment in the REIT industry.
- Favorable Valuation Metrics: The current price-to-earnings ratio (TTM) and forward P/E ratios (average, high, low) indicate that EPRT is reasonably valued compared to the industry average P/E (TTM), suggesting potential for sustained investor interest.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates EPRT intrinsic value between $25.63 – $28.89 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about EPRT valuation
Is Essential Properties Realty Trust, Inc. (EPRT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Essential Properties Realty Trust, Inc. (EPRT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is EPRT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether EPRT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is EPRT’s P/E ratio?
You can see EPRT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for EPRT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is EPRT a good long-term investment?
Whether EPRT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
EPRT
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.75
Trading Metrics:
| Open: | 30.69 | Previous Close: | 30.62 | |
| Day Low: | 30.57 | Day High: | 31.07 | |
| Year Low: | 27.44 | Year High: | 34.73 | |
| Price Avg 50: | 32.04 | Price Avg 200: | 30.97 | |
| Volume: | 1.057M | Average Volume: | 2.153M |
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Login — it's freeEPRT full analysis
Welcome to MARKETSNAP’s SWOT analysis for Essential Properties Realty Trust, or EPRT as you might know it on the ticker. If you’re not familiar with this name, let me give you the quick rundown. Essential Properties Realty Trust is a real estate investment trust, or REIT, operating in the real estate sector, specifically focusing on single-tenant, net-leased properties. Think of them as the folks who own and lease out properties to businesses like restaurants, car washes, and retail stores—essential services…
