
Essential Properties Realty Trust NYSE: EPRT raised its 2026 outlook after reporting second-quarter results that management said were supported by stronger investment activity, stable portfolio fundamentals and a well-capitalized balance sheet.
Essential Properties Realty Trust, Inc., a real estate company, acquires, owns and manages single-tenant properties in the United States. The company is headquartered in Princeton, New Jersey.
| Revenue (TTM) | $615.49M |
| Gross Profit (TTM) | $605.73M |
| EBITDA | $563.99M |
| Operating Margin | 62.50% |
| Return on Equity | 6.48% |
| Return on Assets | 3.58% |
| Revenue/Share (TTM) | $2.99 |
| Book Value | $20.30 |
| Price-to-Book | 1.57 |
| Price-to-Sales (TTM) | 11.31 |
| EV/Revenue | 15.75 |
| EV/EBITDA | 17.36 |
| Quarterly Earnings Growth (YoY) | 7.50% |
| Quarterly Revenue Growth (YoY) | 18.10% |
| Shares Outstanding | $216.25M |
| Float | $215.22M |
| % Insiders | 0.64% |
| % Institutions | 120.15% |
Volatility is currently expanding

Essential Properties Realty Trust NYSE: EPRT raised its 2026 outlook after reporting second-quarter results that management said were supported by stronger investment activity, stable portfolio fundamentals and a well-capitalized balance sheet.

Essential Properties Realty Trust, Inc. (EPRT) Q2 2026 Earnings Call Transcript

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) today announced operating results for the three and six months ended June 30, 2026. Second Quarter 2026 Financial and Operating Highlights: Operating Results (compared to Second Quarter 2025): • Investments (103 properties) $ Invested $332.4 million Weighted Avg Cash Cap Rate 7.8% • Dispositions (17 properties) Net Proceeds $54.3 million Weighted Avg Cash Cap R.

Essential Properties has raised its payout each year since it began paying a dividend after its initial public offering in 2018. EPRT looks well-positioned to continue putting up exceptional AFFO per share growth in the net lease REIT space. As of Q1 2026, the REIT possessed considerable liquidity and a very low pro forma net debt-to-annualized adjusted EBITDAre ratio.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) announced today that the Company will release its operating results for the quarter ended June 30, 2026 after the market close on Wednesday, July 22, 2026. The Company will host its quarterly earnings conference call and audio webcast on Thursday, July 23, 2026, at 10:00 a.m. Eastern Time. A webcast of the conference call will be available on the Investor Relations sec.

Essential Property Realty Trust remains a hold as current valuation offers insufficient margin of safety despite recent credit rating upgrades. EPRT's business model targets higher cap rates from non-investment grade, middle-market tenants, trading off higher risk for AFFO growth outperformance. Valuation using NAVPS and WACC methodology shows EPRT is 6.22% overvalued relative to its current share price, indicating efficient market pricing.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its operating partnership, Essential Properties, L.P. (the “Operating Partnership”), has priced a public offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2036 (the “Notes”). The Notes were priced at 98.119% of the principal amount and will mature on July 15, 2036. The offering is expected to settle on June 15, 2026, subject to the satisfaction.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.32 per share of common stock for the second quarter of 2026. The second quarter 2026 dividend represents an annualized dividend of $1.28 per share of common stock, an increase of $0.04 per share compared to the previous annualized dividend. The dividend is payable on July 14, 2026, to stockholders of record as.

Essential Properties Realty Trust, Inc. (EPRT) Q1 2026 Earnings Call Transcript

EPRT has delivered sector-leading growth, with Q1 revenue up 23% and AFFO per share up 11%. EPRT's aggressive external growth, funded by equity issuance, has led to a low leverage ratio but limits near-term share price upside. Trading at 15.8x AFFO, EPRT's premium valuation reflects past outperformance, but future upside appears constrained as growth tailwinds fade.
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