EPRT · Essential Properties Realty Trust, Inc.
$25.51
-0.58 (-2.22%)
At close · Oct 19
Return incl. dividend (before tax)
Market Cap
$5.52B
Shares
216.27M
Volume · Oct 19
2.27M
Avg daily vol (3M)
2.09M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$25.51
Open$25.92
Day$25.40–26.03
52W close$24.95–34.59
Avg vol 30d2.7M
Short int14.0M · 6.5% float · 4.7d
Short vol74%
Last earningsOct 22, 2026
DataJan 2020–Oct 2026
Filing10-Q · Jul 22
Up next
Next earnings call
Oct 22, 2026
Scheduled
· this week
filed Jul 22, 2026
call held Jul 23, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$615.49M
Trailing 12 months
Net income (TTM)
$267.60M
Trailing 12 months
Revenue growth YoY
+18.1%
Year over year
Operating margin
62.8%
Trailing 12 months
P / FFO
12.7×
Company-stated · TTM · reciprocal yield 7.9%
P / AFFO
13.7×
Company-stated · TTM · reciprocal yield 7.3%
P / E (TTM)
20.2
Trailing earnings · reciprocal yield 4.9%
Net cash
−$2.80B
Latest balance sheet
Dividend yield
4.8%
Trailing 12 months
Shares change YoY
+9.2%
Year over year · more shares
Price change (1Y)
-14.4%
Trailing year
Short interest
6.5%
Latest settlement · 4.7 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 23, 2026
Q2 FY26
TL;DR. EPRT posted Q2 AFFO per share of $0.50 (up 9% YoY) on $332.4M of investments at a 7.8% cash cap rate, and raised its 2026 AFFO/share guidance to $2.01–$2.05 and investment volume guidance to $1.2–$1.5B.
Bullish
- + Raised full-year 2026 AFFO per share guidance to $2.01–$2.05
- + Raised 2026 investment volume guidance to $1.2–$1.5B
- + Q2 AFFO per share grew 9% YoY to $0.50, modestly ahead of expectations
- + Strong liquidity and balance sheet capacity with $1.7B total liquidity and 3.5x pro forma leverage after $400M unsecured bond issuance
Bearish
- − Treasury stock method dilution is now a $0.01–$0.02 AFFO/share headwind, trending toward the high end
- − Change in provision for credit losses increased to $2.6M in Q2, reflecting management conservatism on loan book
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Low
Market backdrop
VIX 20 · elevated
Equity put/call 0.65
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−17%
below
Price vs 50-day avg
−10%
below
RSI (14)
35
neutral
MACD trend
Positive
52-week position
6%
near low
Momentum
relative strength
1-month return
−5%
trailing
6-month return
−19%
trailing
YTD return
−14%
this year
Relative strength
−26%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $28 › 200d $31 — 200d above 50d
Institutional flow
Distributing
33 of 380 funds reported for Sep 30 · net -9.0K sh shares · +5 new
Insider flow
Distributing
Net -$708.8K over 90 days · 100% sells
Short interest
Falling
6.48% of float · ▼ -1.1% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
380 holders — near 3-yr high, broad support
Squeeze score
73
high risk · 0–100
Fundamentals
Revenue growth
+25%
Y/Y
EPS growth
+11%
Y/Y
Valuation
P/E 19.8
below peers
Balance sheet
$2.5B
net debt
Quant / Vol
risk profile
Volatility
20%
annualized · 1-yr
Max drawdown
−28%
past year
ATR
2.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jul 23, 2026
2026
Investment volume guidance
$1.2B – $1.5B
for the year
G&A guidance
$30M – $34M
a quarter (normalized level going forward)
Dispositions
$20M – $30M
Prior guidance
period ended
· from the 8-K filed Oct 22, 2025
AFFO per share on a fully diluted basis
· 2025
$1.87 – $1.89
Investment volume
· 2025
$1.2B – $1.4B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−17%
Bearish
Price vs 50-day avg
−10%
Bearish
RSI (14)
35
Neutral
MACD trend
Positive
Bullish
52-week position
6%
Bearish
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $28 › 200d $31 — 200d above 50d
Institutional flow
Distributing
33 of 380 funds reported for Sep 30 · net -9.0K sh shares · +5 new
Insider flow
Distributing
Net -$708.8K over 90 days · 100% sells
Short interest
Falling
6.48% of float · ▼ -1.1% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
380 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $25
Now $26 · 6%
Range high $35
vs 200-day avg -17%
vs 50-day avg -10%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDAre attributable to stockholders and non-controlling interests non-GAAP | $156.82M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDAre attributable to stockholders and non-controlling interests 147.65M
+5.62M Adjustment for current quarter re-leasing, acquisition and disposition activity
+4.41M Adjustment to exclude other non-core or non-recurring activity
-856K Adjustment to exclude termination/prepayment fees and certain percentage rent
= Adjusted EBITDAre attributable to stockholders and non-controlling interests 156.82M
|
|||
| AFFO attributable to stockholders and non-controlling interests non-GAAP | $110.12M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Core FFO attributable to stockholders and non-controlling interests 116.68M
-15.13M Straight-line rental revenue, net
+1.45M Non-cash interest
+3.46M Non-cash compensation expense
+946K Other amortization expense
+2.64M Change in provision for credit losses
+625K Other non-cash adjustments
-550K Capitalized interest expense
= AFFO attributable to stockholders and non-controlling interests 110.12M
|
|||
| Annualized Adjusted EBITDAre attributable to stockholders and non-controlling interests non-GAAP | $627.28M | Three months ended June 30, 2026 filing | — |
| Average investment per unit | $2.89M | three months ended March 31, 2026 filing | — |
| Cash cap rate | 7.7% | three months ended March 31, 2026 filing | — |
| Cash cap rate on leased assets | 6.9% | three months ended March 31, 2026 filing | — |
| Cash G&A non-GAAP | $7.18M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP General and administrative expense 10.91M
-121K Non-core general and administrative expense
-3.46M Non-cash compensation expense
-151K Straight-line rent expense
= Cash G&A 7.18M
|
|||
| Cash NOI attributable to stockholders and non-controlling interests non-GAAP | $149.88M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP NOI attributable to stockholders and non-controlling interests 160.81M
-15.13M Straight-line rental revenue, net
+4.21M Other amortization and non-cash adjustments
= Cash NOI attributable to stockholders and non-controlling interests 149.88M
|
|||
| Core FFO attributable to stockholders and non-controlling interests non-GAAP | $116.68M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP FFO attributable to stockholders and non-controlling interests 116.95M
-266K Non-core (income) expense, net
= Core FFO attributable to stockholders and non-controlling interests 116.68M
|
|||
| Disposition volume | $10.18M | three months ended March 31, 2026 filing | — |
| EBITDA attributable to stockholders and non-controlling interests non-GAAP | $150.94M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 74.48M
+46.13M Depreciation and amortization
+30.27M Interest expense
-580K Interest income
+635K Income tax expense
= EBITDA attributable to stockholders and non-controlling interests 150.94M
|
|||
| EBITDAre attributable to stockholders and non-controlling interests non-GAAP | $147.65M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDA attributable to stockholders and non-controlling interests 150.94M
+1.37M Provision for impairment of real estate
-4.65M Gain on dispositions of real estate, net
= EBITDAre attributable to stockholders and non-controlling interests 147.65M
|
|||
| Existing relationship percentage | 57% | three months ended March 31, 2026 filing | — |
| FFO attributable to stockholders and non-controlling interests non-GAAP | $116.95M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 74.48M
+45.76M Depreciation and amortization of real estate
+1.37M Provision for impairment of real estate
-4.65M Gain on dispositions of real estate, net
= FFO attributable to stockholders and non-controlling interests 116.95M
|
|||
| GAAP cap rate | 8.8% | three months ended March 31, 2026 filing | — |
| Investment activity | $388.63M | three months ended March 31, 2026 filing | — |
| Lease term | 17.7 | three months ended March 31, 2026 filing | — |
| Leased properties sold | 5 | three months ended March 31, 2026 filing | — |
| Master lease percentage | 49% | three months ended March 31, 2026 filing | — |
| NOI attributable to stockholders and non-controlling interests non-GAAP | $160.81M | Three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 74.48M
+10.91M General and administrative expense
+46.13M Depreciation and amortization
+1.37M Provision for impairment of real estate
+2.64M Change in provision for credit losses
-4.65M Gain on dispositions of real estate, net
+30.27M Interest expense
-580K Interest income
-387K Other income, net
+635K Income tax expense
= NOI attributable to stockholders and non-controlling interests 160.81M
|
|||
| Number of transactions | 22 | three months ended March 31, 2026 filing | — |
| Percentage of financial reporting | 100% | three months ended March 31, 2026 filing | — |
| Property count | 126 | three months ended March 31, 2026 filing | — |
| Sale-leaseback percentage | 100% | three months ended March 31, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EPRT
this stock
Essential Properties Realty Trust, Inc.
|
$5.52B | -14.0% | +24.8% | 19.8 | 6.5% |
|
SPG
Simon Property Group Inc.
|
$66.47B | +9.4% | +6.7% | 14.5 | 3.1% |
|
O
Realty Income Corp
|
$53.06B | -1.5% | +9.1% | 40.9 | 4.5% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$17.05B | -8.1% | — | — | 0.0% |
|
KIM
Kimco Realty Corp
|
$15.37B | +11.9% | +5.1% | 26.6 | 5.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EPRT | -1.1% | -4.7% | -18.6% | -1.2% | -14.0% |
| SPY | -1.5% | -0.9% | +7.7% | +0.5% | +12.4% |
| vs SPY | +0.4% | -3.8% | -26.3% | -1.7% | -26.4% |
Capital returns
Latest dividend
$0.32
/ share · ex Sep 30, 2026
Paid (TTM)
$1.26
/ share · 4 payouts
Dividend yield (TTM, derived)
4.94%
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1728951
CUSIP
29670E107
13F (30d)
31 filings
31 filers
Visit website
Investor relations