Essential Properties Realty Trust, Inc. (EPRT) Stock Price & Analysis
Essential Properties Realty Trust, Inc. (EPRT) closed at USD 26.26 on Thursday, October 22, 2026, up 5.50% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 24.89; the Oct 22, 2026 session ranged USD 24.83–26.33 on volume of 3,300,108 shares. Market capitalization is $5.69B, with a 52-week range of USD 24.62–34.73 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:43 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EPRT.md
Key facts (EPRT)
- Last four reported quarters (through Sep 30, 2026): revenue $639M, net income $262M (41.0% margin) (SEC filings).
- Valuation: P/E 21.7x (avg 23.7x at the last 3 fiscal year-ends), EV/EBITDA 15.6x, net debt $2.97B.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $709K; 1 not under a Rule 10b5-1 plan ($709K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.89 on a 1–5 scale) (19 analysts), mean target USD 34.45 (range 28–40).
- Total return with dividends: 1Y -13.9% vs S&P 500 +14.9%; 5Y +10.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 0.34, revenue estimate $176M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EPRT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $230M | $287M | $360M | $450M | $561M | $639M |
| Operating income | $134M | $175M | $243M | $278M | $360M | $387M |
| Net income | $95.7M | $134M | $191M | $203M | $253M | $262M |
| EPS (diluted) | $0.82 | $0.99 | $1.24 | $1.15 | $1.28 | — |
| Operating margin | 58.4% | 61.2% | 67.5% | 61.9% | 64.1% | 60.6% |
| Net margin | 41.6% | 46.8% | 53.0% | 45.2% | 45.1% | 41.0% |
| Revenue growth | +40.4% | +24.4% | +25.5% | +25.0% | +24.8% | — |
| Cash + short-term investments | $59.8M | $62.3M | $39.8M | $40.7M | $60.2M | — |
| Total debt | $1.17B | $1.43B | $1.68B | $2.13B | $2.53B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (EPRT)
P/E 21.7x · P/S 8.9x · EV/EBITDA 15.6x · EV/Sales 13.6x · P/B 1.3x · Earnings yield 4.61% · Dividend yield (paid, TTM) 4.62% · Net debt $2.97B · EV $8.66B
P/E at fiscal year-ends: Dec 2025 23.2x, Dec 2024 27.3x, Dec 2023 20.6x.
Insider sales (SEC Form 4, open-market, last ~7 months) (EPRT)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-24 | Jenkins Robert M | Executive VP and COO | 22,000 | $709K | 39.2% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (EPRT)
Consensus Buy (mean 1.89 on a 1–5 scale), 19 analysts; mean target USD 34.45 (low 28, high 40).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Stifel | Target lowered | Buy | $36 → $32.5 |
| 2026-10-20 | Deutsche Bank | Downgrade | Buy → Hold | $38 → $28 |
| 2026-10-20 | Barclays | Target lowered | Overweight | $37 → $34 |
| 2026-10-19 | Wells Fargo | Target lowered | Overweight | $36 → $30 |
| 2026-10-19 | Mizuho | Target lowered | Outperform | $30 → $29 |
| 2026-09-24 | Scotiabank | Target lowered | Sector Outperform | $33 → $30 |
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $38 → $37 |
| 2026-09-17 | Mizuho | Target lowered | Outperform | $34 → $30 |
| 2026-07-29 | Cantor Fitzgerald | Target raised | Overweight | $36 → $37 |
| 2026-07-23 | Stifel | Target raised | Buy | $36 → $36.25 |
| 2026-07-22 | Barclays | Target lowered | Overweight | $40 → $37 |
Total return (dividends reinvested) (EPRT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -13.9% | +10.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.0% | +2.1% |
| Volatility (annualized) | 20.2% | 21.9% |
| Max drawdown | -25.6% (Mar 2026→Oct 2026) | -33.5% (Nov 2021→Oct 2022) |
EPRT company outlook (results filed Oct 21, 2026)
- “Guidance to $ 2.02 to $2.05 per Share - - Issues 2027 AFFO Guidance of $2.10 to $2.18 per Share - October 21, 2026 PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc.”
Quoted word-for-word from the SEC 8-K results press release.
EPRT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.34 | $0.35 | -5.1% | $176.5M | 2 |
| Next quarter (ends Mar 2027) | $0.33 | $0.35 | -5.8% | $184.3M | 2 |
| Current fiscal year (ends Dec 2026) | $1.35 | $0.00 | — | $665.4M | 1 |
| Next fiscal year (ends Dec 2027) | $1.34 | $1.40 | -3.9% | $773.0M | 2 |
EPRT options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 26.7% | ±7.0% |
| Jan 15, 2027 | 84 | 24.8% | ±10.1% |
| Apr 16, 2027 | 175 | 22.9% | ±12.9% |
30-day implied volatility 22.2% vs 28.6% realized over the last 30 trading days. Put/call ratio (volume) 0.88. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:43 UTC)
| Price | USD 26.26 |
|---|---|
| Change | ▲ 5.50% (up) |
| Previous Close | USD 24.89 |
| Open | USD 24.83 |
| Day Range | USD 24.83 – 26.33 |
| 52-Week Range | USD 24.62 – 34.73 |
| Volume | 3,300,108 shares |
| Market Cap | $5.69B |
| Exchange | NYQ |
Technical Analysis (EPRT)
Nexqual's technical model rates EPRT "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 11:43 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 46.81 (neutral) |
| vs SMA50 | Below (USD 27.92) |
| MACD | -0.58 (negative) |
Analyst Ratings (EPRT)
Wall Street analysts rate EPRT "Buy" based on 19 analysts, with a mean price target of USD 34.45 (range USD 28–40), per Nexqual as of October 23, 2026 at 11:43 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 34.45 |
| High Target | USD 40 |
| Low Target | USD 28 |
| Buy / Hold / Sell | 18 / 1 / 0 |
Earnings (EPRT)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 0.34 |
| Revenue Estimate | $176.46M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.32 vs est 0.33 ▼ miss |
| 2026-06-30 | USD 0.33 vs est 0.34 ▼ miss |
| 2026-03-31 | USD 0.34 vs est 0.32 ▲ beat |
| 2025-12-31 | USD 0.34 vs est 0.33 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Financials & Fundamentals (EPRT)
| Total Revenue | $639.22M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.40% |
| Gross Margin | +98.41% |
| Operating Margin | +62.43% |
| Profit Margin | +41.03% |
| ROE | +6.25% |
| Debt / Equity | 0.65 |
| Current Ratio | 2.69 |
| Total Cash | $25.22M |
| Total Debt | $2.97B |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Financial Health Score (EPRT)
Nexqual rates Essential Properties Realty Trust, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 11:43 UTC.
| Growth | Strong — Revenue +25% YoY (annual) |
|---|---|
| Profitability | Strong — Operating margin 62% |
| Balance Sheet | Strong — $25M cash and investments vs $2.99B debt (Sep 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $381M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 6%, ROA 3.5% |
Ownership (EPRT)
| Insider Ownership | +0.61% |
|---|---|
| Institutional Ownership | +117.79% |
| Shares Outstanding | 216.27M |
| Float | 219.23M |
| Short % of Float | +8.80% |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
Leadership (EPRT)
Essential Properties Realty Trust, Inc. is led by Peter M. Mavoides, CEO & Director, per Nexqual as of October 23, 2026 at 11:43 UTC.
| CEO & Director | Peter M. Mavoides |
|---|---|
| President & Chief Operating Officer | Robert Max Jenkins |
| EVP, CFO, Head of Corporate Finance, Chief Strategy Officer & Secretary | Robert W. Salisbury C.F.A. |
| Executive Vice President & Chief Investment Officer | Craig J. Vachris |
| Executive Vice President of Portfolio Operations | Kristin M. Walker |
Major Backers & Investors (EPRT)
Notable institutional backers of Essential Properties Realty Trust, Inc. include Cohen & Steers Inc., Massachusetts Financial Services Co., Wellington Management, according to Nexqual as of October 23, 2026 at 11:43 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 17.95% |
| Massachusetts Financial Services Co. | 2.51% |
| Wellington Management | 2.47% |
| Invesco | 2.47% |
| Daiwa Securities Group Inc. | 2.4% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 18.33% |
| Vanguard Group | 14.32% |
| State Street | 5.59% |
| Geode Capital | 2.89% |
Source: Nexqual, October 23, 2026 at 11:43 UTC.
From Essential Properties Realty Trust, Inc.'s Latest SEC 10-K Filing (filed 2026-02-11)
Key Strengths & Strategy (as disclosed to the SEC)
- No single tenant contributed more than 3.4% of our annualized base rent as of December 31, 2025, consistent with our strategy of having a scaled portfolio that, over time, allows us to derive no more than 5.0% of our annualized base rent from any single-tenant or more than 1.0% from any single property.
- Our differentiated strategy benefits from us maintaining a close relationship with our existing tenants, allowing us to source additional investments from these tenants and establishing a position as a preferred capital provider, helping our tenants grow their businesses and address their real estate needs. •Disciplined Underwriting Leading to Strong Portfolio Characteristics.
- Building on our senior leadership team's experience in net lease real estate investing, we have developed leading origination, underwriting, financing, and property management capabilities.
- We believe our platform is scalable, and we consistently seek to leverage our capabilities to improve our efficiency and processes to continue to seek attractive risk-adjusted growth.
Partnerships
- As of December 31, 2025, our portfolio consisted of 2,300 properties, with total annualized base rent of $555.0 million, which was purposefully selected by our management team in accordance with our focused and disciplined investment strategy.
- Our focus on investing in properties operated by middle market and smaller operators provides us with what we believe is a large addressable market of investment opportunities, one in which our tenants are largely undeserved from a capital perspective.
Legal & Regulatory Risks (Item 1A, quoted)
- The costs of compliance with or liabilities related to environmental laws may materially and adversely affect us.
- The properties we own or have owned in the past may subject us to known and unknown environmental liabilities.
- Compliance with the Americans with Disability Act of 1990 (the "ADA"), fire and safety regulations, and other regulations may require us to make unanticipated expenditures.
- Our business is subject to risks associated with the effects of climate change, and a resulting shift to a lower carbon economy, and may be subject to further risks in the future.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PECO | Phillips Edison & Company, Inc. | USD 38.29 | ▲ 2.74% |
| KRG | Kite Realty Group Trust | USD 24.77 | ▲ 2.44% |
| MAC | Macerich Company (The) | USD 23.95 | ▲ 3.1% |
| SKT | Tanger Inc. | USD 36.11 | ▲ 2.29% |
| NNN | NNN REIT, Inc. | USD 42.13 | ▲ 3.46% |
| ADC | Agree Realty Corporation | USD 67.07 | ▲ 4% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:43 UTC. This page is informational and not investment advice.
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