ESSENTIAL PROPERTIES REALTY TRUST (EPRT)
Real Estate · Net-Lease Real Estate Investment Trust · NYSE
A REIT specializing in acquiring and leasing small-box single-tenant properties to resilient middle-market service and experience-based businesses with long-term lease structures.
What ESSENTIAL PROPERTIES REALTY TRUST does
Essential Properties Realty Trust (EPRT) is an internally managed REIT that acquires, owns, and manages primarily single-tenant, net-leased properties occupied by middle-market companies operating service-oriented and experience-based businesses. The company's diversified portfolio of 2,300 properties across 48 states is leased to tenants in industries including car washes, medical/dental services, quick-service restaurants, automotive services, early childhood education, and convenience stores. As of December 31, 2025, EPRT generated $555.0 million in annualized base rent with 99.7% occupancy and a weighted average lease term of 14.4 years.
Themes: Single-tenant net lease REIT, Service-oriented and experience-based retail, Diversified property portfolio, Long-term lease revenue stability
Fundamentals
- Price$25.05 as of 2026-10-08 close
- Market cap$5.4B as of 2026-07-22 (share count; price 2026-10-08)
- 1-year return-14.3% 2025-10-08 close $29.22 → 2026-10-08 close $25.05
- P/E19.44 as of 2026-10-08
- Net margin+45.1% FY2025, SEC XBRL
- ROE+6.0% FY2025, SEC XBRL
- Debt / equity0.66 as of 2026-09-03
- Revenue growth (YoY)+22.3% as of 2026-09-03
- Revenue CAGR (3y)+25.1% SEC XBRL
- Beta0.36 as of 2026-09-03
- Last reported earnings2026-07-22 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.8%; at least 2 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How EPRT compares in its sector
- price-to-earnings ratiomiddle range 120 covered Real Estate peers, as of 2026-10-08
- net profit margintop 10% 154 covered Real Estate peers, as of 2026-09-03
- operating margintop 25% 96 covered Real Estate peers, as of 2026-09-03
- return on equitymiddle range 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
- indicated dividend yieldmiddle range 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
EPRT is not currently in any published Top 10 list. Its scores are below.
Top 10 score
55.1 #463 of 1,379 scored · #14 of 87 in Real Estate
Growth 83rd (3-year revenue CAGR 25.1%, revenue growth year over year 22.3%) and valuation 83rd (price to book 1.2, price to earnings 19.4); weakest is trend (17th, a strong downtrend, with sellers in control).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, EPRT's dividend was covered by reported results (earnings payout 92%, operating-cash-flow payout 61%). This describes past coverage, not a forecast.
- Earnings payout92% dividends / net income
- Operating-cash-flow payout61% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How ESSENTIAL PROPERTIES REALTY TRUST looks technically
ESSENTIAL PROPERTIES REALTY TRUST (EPRT) is trading 18.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 69 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 60, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 19, in oversold territory (below 30). It made a new 20-day low about 2 trading days ago. It is 1.7% above its 52-week low (its lowest price of the past year).
Trend
7
| Distance from the 200-day | it is trading 18.5% below its 200-day average, the long-term trend line — a long-term downtrend | -18.6% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $28.93 | $28.93 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $30.75 | $30.75 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 58 calendar days ago — the swings before that are what the structure reading is measured on | 58 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 69 trading days ago — a "death cross", a bearish long-term signal | 69 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 60, with sellers in control | 59.8 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 19, in oversold territory (below 30) | 19.5 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($24.62 to $27.29) — its "stochastic" reading is 16 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 16.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 30 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $34.70 | $34.70 |
|---|---|---|
| From the 52-week high | it is 27.8% below its 52-week high (its highest price of the past year) | -27.8% |
| Above the 52-week low | it is 1.7% above its 52-week low (its lowest price of the past year) | +1.8% |
| Below the 52-week high | it is 27.8% below its highest point of the past year | 27.8% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $34.88 (set on 2024-11-29) | $34.88 |
| Given back of the 52-week move | over the past year its closes ranged ($24.95 to $34.59), and it has recovered essentially none of its fall from last year’s high — 1% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $30.91 to $31.22. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 1.0% |
| From the all-time high | it is 28.2% below its all-time high | -28.2% |
| Nearest price level | it is trading 16.9% below a resistance level at $29.28 — a price it turned at 9 times since 2025-09-16, most recently on 2026-06-18. Since 2024-10-08 it has 0 such levels below the current price and 7 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +16.9% |
| All-time low | its lowest closing price on record is $6.08 (set on 2020-03-18) | $6.08 |
| Above the all-time low | it is 312.0% above its all-time low | +312.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 87% of the past ~6 months) | 87th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.5154 between its high and its low — about 2.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.5154 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $24.48 and $28.59 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $24.48 – $26.54 – $28.59 |
| Typical daily range (% of price) | its price moves about 2.1% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.1% |
| Stretch from the 200-day average | it is trading 11.1 daily ranges below its 200-day average price (18.6% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 11.1 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.24× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.7% since the prior reading | -0.7% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a hammer | today, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | today |
|---|
Price gaps
1
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.1% |
|---|
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 17.2 percentage points (the stock lost 16.2% while the market gained 1.0%) | -17.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 23.5 percentage points (the stock lost 19.7% while the market gained 3.8%) | -23.5% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 36.6 percentage points (the stock lost 19.2% while the market gained 17.5%) | -36.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 29.2 percentage points (the stock lost 14.3% while the market gained 15.0%) | -29.3% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 19% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 2.0% of the share price, which is taken to mean a barrier that gives way easily. | -19.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 18% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $30.58 — a volume-weighted average of daily closes over 189 sessions, not a true tick-by-tick VWAP. | -18.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 13% below the average price paid since it last reported on 2026-07-22 (its 10-Q), so the typical buyer over that stretch is under water. That average is $28.78 — a volume-weighted average of daily closes over 56 sessions, not a true tick-by-tick VWAP. | -13.0% |
Price levels it has turned at before
EPRT last closed at $25.05 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 7 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $29.28 | Resistance | 16.9% above the last close | turned there 9 times · 2025-09-16 to 2026-06-18 |
| $30.20 | Resistance | 20.5% above the last close | turned there 10 times · 2024-12-20 to 2026-08-11 |
| $31.21 | Resistance | 24.6% above the last close | turned there 8 times · 2024-11-06 to 2026-06-11 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Near the 52-week low · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.25 mean, 1=Strong Buy…5=Strong Sell) — 20 analysts
- Mean price target$36.15 range $30.00 – $40.00; median $37.00
Analyst estimates, as of 2026-10-08. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for EPRT
- Consensus EPS estimate$0.3379 next reporting period, as of 2026-10-08
- Estimate change, 30 days$0.00 (0.0%) from $0.3379, on 2026-09-03, 35-day window
- Readings revised upward11% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Concentration risk associated with specific service-oriented industries and middle-market tenants.","Sensitivity to interest rate fluctuations affecting borrowing costs and property valuations.","Credit risk related to the financial health of the operators leasing the properties."]
What changed in the latest 10-Q
AI-assisted comparison of EPRT's 10-Q filed 2026-07-22 against the prior one filed 2026-04-22.
Management's Discussion & Analysis (MD&A)
- Reworded:
- In the Overview section, the 'as of' date for portfolio statistics changed from March 31, 2026 in the older filing (filed 2026-04-22) to June 30, 2026 in the newer filing (filed 2026-07-22).
- Annualized base rent increased from $584.2 million (older filing, as of March 31, 2026) to $604.9 million (newer filing, as of June 30, 2026).
- Portfolio property count increased from 2,417 properties (older filing) to 2,493 properties (newer filing).
- Number of properties securing mortgage loans receivable increased from 150 (older filing) to 152 (newer filing).
- Portfolio occupancy changed from 99.7% (older filing) to 99.6% (newer filing).
- Number of tenant brands/concepts increased from 662 (older filing) to 715 (newer filing).
- Largest tenant concentration decreased from 3.2% of annualized base rent (older filing) to 3.1% (newer filing).
- Weighted average remaining lease term decreased from 14.6 years (older filing) to 14.3 years (newer filing).
- Percentage of annualized base rent attributable to leases expiring prior to January 1, 2029 decreased from 2.8% (older filing) to 2.3% (newer filing).
- Notes:
- The newer filing text ends mid-sentence at 'Significant Use of Sale-Leaseback Investments. We seek', so changes after that point could not be compared.
Risk Factors
- Added:
- Newer filing (2026-07-22) adds a new risk factor titled 'Tax protection agreements entered into in connection with property acquisitions may limit our operating flexibility and could result in significant payments to protected unitholders.' covering issuance of OP Units and entry into tax protection agreements, potential indemnification obligations for protected contributors' tax liabilities, and resulting limits on operational and strategic flexibility.
- Reworded:
- Newer filing (2026-07-22) changes the opening sentence from 'There have been no material changes to the risk factors as disclosed in the section entitled "Risk Factors" beginning on page 16 of our Annual Report on Form 10-K...' to 'Except as set forth below, there have been no material changes to the risk factors as disclosed in the section entitled "Risk Factors" beginning on page 16 of our Annual Report on Form 10-K...', and adds a sentence referring to an additional risk factor.
- Newer filing (2026-07-22) updates Item 5 Other Information from 'quarter ended March 31, 2026' to 'quarter ended June 30, 2026'.
- Newer filing (2026-07-22) adds exhibit 10.26 'Director Alignment of Interest Program under the Essential Properties Realty Trust, Inc. 2023 Incentive Plan' to Item 6 Exhibits.
- Notes:
- The provided older text includes the section up to the signature page; the newer text also includes a substantial portion of the filing beyond Risk Factors. The comparison covers the entirety of the supplied texts as instructed, but the main substantive change is the new risk factor.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 1 open-market sale by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-05. The 4 days since 2026-10-05 have not been checked yet.
- Last 90 days · read to 2026-10-050 buys · 1 sell ($708840) — 1 selling insider
- Last 180 days · read to 2026-10-050 buys · 1 sell ($708840) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-24. Based on Form 4 filings read through 2026-10-05; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about EPRT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
EPRT had 14,161,113 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
EPRT had 6.55% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 8.16 days to cover at the same settlement.
- Reported short interest (shares) 14,161,113
- Short interest (% of shares outstanding) 6.55%
- Prior settlement (shares) 13,745,272
- Reported change 3.03%
- Days to cover (reported) 8.16
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Realty Income (O)
- VICI Properties (VICI)
- National Retail Properties (NNN)
- Agree Realty (ADC)
- Spirit Realty Capital (SRC)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does ESSENTIAL PROPERTIES REALTY TRUST (EPRT) do?
Essential Properties Realty Trust (EPRT) is an internally managed REIT that acquires, owns, and manages primarily single-tenant, net-leased properties occupied by middle-market companies operating service-oriented and experience-based businesses. The company's diversified portfolio of 2,300 properties across 48 states is leased to tenants in industries including car washes, medical/dental services, quick-service restaurants, automotive services, early childhood education, and convenience stores.
What sector is ESSENTIAL PROPERTIES REALTY TRUST (EPRT) in?
ESSENTIAL PROPERTIES REALTY TRUST (EPRT) is classified in the Real Estate sector. Its industry is Net-Lease Real Estate Investment Trust. It trades on NYSE.
Does EPRT pay a dividend?
Yes — ESSENTIAL PROPERTIES REALTY TRUST (EPRT) pays a dividend, with an indicated yield of about 4.79% and at least 2 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are ESSENTIAL PROPERTIES REALTY TRUST's (EPRT) competitors?
Notable peers of ESSENTIAL PROPERTIES REALTY TRUST (EPRT) include Realty Income, VICI Properties, National Retail Properties, Agree Realty and Spirit Realty Capital. This peer set is informational only — not financial advice.
Is ESSENTIAL PROPERTIES REALTY TRUST (EPRT) overbought or oversold right now?
ESSENTIAL PROPERTIES REALTY TRUST (EPRT) is currently in oversold territory (its 14-day RSI is 19, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on EPRT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.