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ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)

As-reported financials and SEC filings for ESSENTIAL PROPERTIES REALTY TRUST, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ESSENTIAL PROPERTIES REALTY TRUST, INC.

Essential Properties Realty Trust, Inc. is a real estate company that acquires, owns, and manages primarily single-tenant properties leased long-term to middle-market companies in service-oriented or experience-based businesses. Its portfolio includes properties leased to tenants in industries such as car washes, medical services, quick service restaurants, and grocery stores. The company focuses on smaller, freestanding commercial properties across the United States and uses sale-leaseback and master lease structures to manage risk and maintain stable revenue.

Snapshot

Revenue
$561.2M
Revenue growth (YoY)
24.8%
Net income
$253.0M
Diluted EPS
$1.28
Gross margin
Operating margin
64.1%
Net margin
45.1%
FCF margin
ROE
6.0%
net income / fiscal-year-end equity
P/E
23.4×
trailing when available, otherwise FY EPS
Market cap
$6.51B
Long-term debt / equity
0.60×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Essential Properties Realty Trust

  • Revenue grew 24.8% to $561M in FY2025, in line with the 25.0% the year before.
  • Operating margin is 64.1% in FY2025, +5.7 pp against 58.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $162M, up 18.1% from Q2 FY2025.
  • Net income rose 24.6% to $253M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Essential Properties Realty Trust’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin64.1%
88th percentile of 81
Net margin45.1%
92nd percentile of 156
Revenue growth (YoY)+24.8%
93rd percentile of 161
ROE6.0%
62nd percentile of 142
P/E23.4×
36th percentile of 109
Long-term debt / equity0.60×
14th percentile of 100
Short interest16.09d
99th percentile of 152

Essential Properties Realty Trust’s revenue growth of +24.8% ranks in the 93rd percentile of the 161 REITs reporting it. Essential Properties Realty Trust’s net margin of 45.1% ranks in the 92nd percentile of the 156 REITs reporting it. Essential Properties Realty Trust’s operating margin of 64.1% ranks in the 88th percentile of the 81 REITs reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $708,840. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$194.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$144.0M4.8MReduced
Millennium ManagementquantQ2 2026$27.0M904.9KAdded
Citadel AdvisorsquantQ2 2026$20.4M684.5KAdded
AQR Capital ManagementquantQ2 2026$2.9M95.8KAdded

No longer held by: Gotham Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$709K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-24
filed 2026-07-28
Jenkins Robert MExecutive VP and COOSell22.0K$32.22$709K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
18.9M
settled 2026-08-14
Change vs prior
+5.3%
vs previous settlement
Days to cover
16.09
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1418.9M+5.3%16.09
2026-07-3117.9M-0.1%9.78
2026-07-1517.9M+2.9%13.14
2026-06-3017.4M+12.9%6.23
2026-06-1515.5M+1.3%7.20
2026-05-2915.3M-3.0%10.41
2026-05-1515.7M-4.2%10.56
2026-04-3016.4M-2.6%6.21

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$561.2M$449.6M$359.6M$286.5M$230.2M
Gross profit
Operating income$359.9M$278.2M$242.8M$175.4M$134.4M
Net income$253.0M$203.0M$190.7M$134.1M$95.7M
Diluted EPS$1.28$1.15$1.24$0.99$0.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$60.2M$40.7M$39.8M$62.3M$59.8M
Current assets
Total assets$6.86B$5.80B$4.77B$4.00B$3.30B
Current liabilities
Long-term debt$2.53B$2.13B$1.68B$1.43B$1.17B
Total liabilities$2.66B$2.23B$1.78B$1.50B$1.25B
Total equity$4.21B$3.57B$2.99B$2.50B$2.04B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$381.1M$308.5M$254.6M$211.0M$167.4M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$161.9M18.1%$74.3M$0.34
Q1 FY2026$158.8M22.8%$59.8M$0.28
Q4 FY2025$149.9M25.2%$68.1M$0.34
Q3 FY2025$144.9M23.7%$65.6M$0.33
Q2 FY2025$137.1M25.4%$63.2M$0.32
Q1 FY2025$129.4M25.0%$56.1M$0.29
Q4 FY2024$119.7M22.5%$55.4M$0.30
Q3 FY2024$117.1M27.8%$49.1M$0.27

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK1728951

Selected SEC filings

10-Q2026-07-22
View on EDGAR →
10-Q2026-04-22
View on EDGAR →
8-K2026-07-24
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-06-15
View on EDGAR →
8-K2026-06-01
View on EDGAR →

Largest reit peers

All reit stocksAll Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.