Essential Properties Realty Trust Inc
Research Essential Properties Realty Trust Inc (EPRT) on Bullrun: valuation model: 11.0% undervalued, market cap USD 6.66B, P/E 23.9, dividend yield 4.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerEPRT
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Retail
- CurrencyUSD
- Valuation signal11.0% undervalued
- Market capUSD 6.66B
- P/E23.9
- Dividend yield4.1%
- Financial periodQ2 2026
- RevenueUSD 161.89M
- Net incomeUSD 74.29M
- Free cash flowUSD 110.17M
- Gross margin99.3%
Valuation Snapshot
Bullrun's latest valuation model marks Essential Properties Realty Trust Inc as 11.0% undervalued; latest market cap is USD 6.66B; P/E is 23.9; dividend yield is 4.1%.
Peer valuation comparison
Latest P/E is 23.94x versus a Real Estate sector median of 14.84x (61.3% above).
Latest dividend yield is 4.08% versus a Real Estate sector median of 4.71% (13.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 561.22M | USD 253.01M | USD 381.08M | 98.6% | 1.28 | USD 60.18M | USD 2.53B | USD 4.20B |
| FY2024 | USD 449.61M | USD 203.00M | USD 308.48M | 98.9% | 1.15 | USD 40.71M | USD 2.13B | USD 3.56B |
| FY2023 | USD 359.60M | USD 190.71M | n/a | 98.7% | 1.24 | USD 39.81M | USD 1.68B | USD 2.98B |
| FY2022 | USD 286.51M | USD 134.13M | n/a | n/a | 0.99 | USD 62.35M | USD 1.43B | USD 2.49B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 6.66B | 23.9 | 4.0% | 1.24 |
| 2025 | 2025-12-31 | USD 6.22B | 23.4 | 4.1% | 1.21 |
| 2024 | 2024-12-31 | USD 5.87B | 27.2 | 3.7% | 1.17 |
| 2023 | 2023-12-29 | USD 3.99B | 21.7 | 4.4% | 1.13 |
| 2022 | 2022-12-30 | USD 3.34B | 23.9 | 4.6% | 1.08 |
| 2021 | 2021-12-31 | USD 3.59B | 35.6 | 3.5% | 1 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.24 USD, yield 4.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.21 USD |
| FY2024 | 1.17 USD |
| FY2023 | 1.13 USD |
| FY2022 | 1.08 USD |
About Essential Properties Realty Trust Inc
Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of September 30, 2025, the Company's portfolio consisted of 2,266 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x.
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Frequently asked questions
Is Essential Properties Realty Trust Inc overvalued or undervalued?
Bullrun's valuation model currently marks Essential Properties Realty Trust Inc as 11.0% undervalued.
What is Essential Properties Realty Trust Inc's market cap?
Essential Properties Realty Trust Inc's market capitalization is USD 6.66B.
What is Essential Properties Realty Trust Inc's P/E ratio?
Essential Properties Realty Trust Inc's price-to-earnings (P/E) ratio is 23.9.
Does Essential Properties Realty Trust Inc pay a dividend?
Essential Properties Realty Trust Inc has a dividend yield of 4.1%.
What does Essential Properties Realty Trust Inc do?
Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of September 30, 2025, the Company's portfolio consisted of 2,266 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x. In addition, as of September 30, 2025, the Company's portfolio was 99.8% leased to tenants operating 645 different concepts across 48 states.