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ESSENTIAL PROPERTIES REALTY TRUST, INC. EPRT

NYSE · reit · Real Estate Investment Trusts · website · IPO 2018-06-21 · LEI

ESSENTIAL PROPERTIES REALTY TRUST, INC. statistics & valuation

Market cap$6.6B
P / E26.1×
P / S11.8×
P / B1.6×
Dividend yield3.54%
Net margin45.1%
Return on equity6.0%
Net debt$2.5B
Net debt / EBITDA4.8×
Enterprise value USD$9.1B
EV / EBITDA17.7×
Earnings yield EBIT/EV4%
Graham number -22.6%$24.04

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($24.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.60% 16.20% 30.00% 25.80% 41.60% 46.80% 53.00% 45.20% 45.10% 201720182019202020212022202320242025
Gross margin (%)
201720182019202020212022202320242025
Operating margin (%)
11.80% 52.00% 57.30% 44.40% 58.40% 61.20% 67.50% 61.90% 64.10% 201720182019202020212022202320242025
Return on equity (%)
3.50% 1.90% 3.50% 2.70% 4.70% 5.40% 6.40% 5.70% 6.00% 201720182019202020212022202320242025
Shares outstanding
43.7M 83.8M 106.4M 124.6M 142.4M 164.6M 187.5M 209.7M 201720182019202020212022202320242025
Net debt ($)
$510.9M $230.8M $794.6M $1.11B $1.37B $1.64B $2.09B $2.47B 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
0.70% 1.10% 2.10% 1.70% 2.90% 3.40% 4.00% 3.50% 3.70% 201720182019202020212022202320242025
Free cash flow margin (%)
201720182019202020212022202320242025
Debt / equity (×)
0.64× 0.20× 0.52× 0.57× 0.57× 0.56× 0.60× 0.60× 201720182019202020212022202320242025
EPS ($)
$0.63 $0.44 $0.82 $0.99 $1.24 $1.15 $1.28 201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ESSENTIAL PROPERTIES REALTY TRUST, INC. trades at about 24.3× earnings — below its 10-year norm (10-year range 20.1×–47.3×, median 27.9×).

20.1× 47.3×

Shaded band = 10-year range (20.1×–47.3×); dot = today's 24.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin64.1%61.9%67.5%61.2%58.4%44.4%57.3%52.0%11.8%
Net margin45.1%45.2%53.0%46.8%41.6%25.8%30.0%16.2%11.6%
Return on assets3.7%3.5%4.0%3.4%2.9%1.7%2.1%1.1%0.7%
Return on equity6.0%5.7%6.4%5.4%4.7%2.7%3.5%1.9%3.5%
Debt / equity0.60×0.60×0.56×0.57×0.57×0.52×0.20×0.64×—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.