Essential Properties Realty Trust, Inc. (EPRT)

NYSE: EPRT · Real-Time Price · USD
33.56
-0.59 (-1.73%)
Nov 20, 2024, 4:00 PM EST - Market closed
-1.73%
Market Cap 5.90B
Revenue (ttm) 428.54M
Net Income (ttm) 196.27M
Shares Out 175.89M
EPS (ttm) 1.15
PE Ratio 29.20
Forward PE 27.70
Dividend $1.16 (3.46%)
Ex-Dividend Date Sep 30, 2024
Volume 575,256
Open 33.94
Previous Close 34.15
Day's Range 33.23 - 34.04
52-Week Range 23.42 - 34.51
Beta 1.40
Analysts Strong Buy
Price Target 33.41 (-0.45%)
Earnings Date Oct 23, 2024

About EPRT

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federa... [Read more]

Sector Real Estate
IPO Date Jun 21, 2018
Employees 40
Stock Exchange NYSE
Ticker Symbol EPRT
Full Company Profile

Financial Performance

In 2023, EPRT's revenue was $359.60 million, an increase of 25.51% compared to the previous year's $286.51 million. Earnings were $190.30 million, an increase of 42.27%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for EPRT stock is "Strong Buy." The 12-month stock price forecast is $33.41, which is a decrease of -0.45% from the latest price.

Price Target
$33.41
(-0.45% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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Essential Properties Realty Trust, Inc. (EPRT) Q3 2024 Earnings Call Transcript

Essential Properties Realty Trust, Inc. (EPRT) Q3 2024 Earnings Call Transcript

27 days ago - Seeking Alpha

Essential Properties Announces Third Quarter 2024 Results

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 nine months ended Se...

4 weeks ago - Business Wire

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4 weeks ago - Seeking Alpha

Essential Properties Is The Best (And Most Expensive) Net Lease REIT

EPRT leads the net lease sector due to its unique business model focusing on middle-market, sale-leaseback transactions, and proactive risk management. Essential Properties' low cost of equity, cheap ...

5 weeks ago - Seeking Alpha

Essential Properties: A REIT So Good, It's Practically Required

Essential Properties Realty Trust impresses with a solid business model, strong tenant relationships, and prudent management, making it an attractive long-term investment. EPRT's diversified tenant ba...

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Essential Properties Realty Trust Is Not A Buy Anymore (Downgrade)

EPRT boasts top-tier business metrics, including 99.8% occupancy, 14.1-year average lease term, and strong tenant diversification, ensuring cash flow stability and predictability. Despite high interes...

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Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024

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 ...

2 months ago - Business Wire

Very Overrated And Very Underrated High Yields

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Buffett-Style Investing: Finding Value In REITs

Warren Buffett invests in companies that enjoy strong moats. A moat is a major competitive advantage. This can be applied to REITs. Here is how.

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2 REITs That I Have Bought With An Intent To Hold Forever

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Essential Properties Realty Trust: A Solid Option In Retail REITs Despite +9% Gains

Essential Properties Realty Trust focuses on mid-market properties with smaller, non-investment grade tenants, offering higher growth potential and better cap rates despite increased risk. EPRT demons...

2 months ago - Seeking Alpha

Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024

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 $0.29 per share ...

2 months ago - Business Wire

Essential Properties Realty Trust: Great Business At Wrong Price (Rating Downgrade)

In September 2023, I published my initial bull thesis on Essential Properties Realty Trust driven by a low P/FFO multiple, robust balance sheet, and an attractive dividend yield of ~5%. Since then, EP...

2 months ago - Seeking Alpha

My Top 3 REITs For The Real Estate Comeback

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2 REITs I Own But Where I Have Stopped Reinvesting Dividends

The REIT market has been exhibiting positive momentum as the first interest rate cuts seem to have become very likely. This has pushed many REIT prices higher, especially for those names that embody s...

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2 months ago - Seeking Alpha

Essential Properties Realty Trust: Still Buyable, But The 'Bargain' Window Has Closed

Essential Properties Realty Trust operates in the e-commerce/recession-resilient property sector, with 96.4% ABR derived from triple-net leases. EPRT's Q2 2024 performance showed intense investment ac...

3 months ago - Seeking Alpha

Essential Properties: Interest Rate Cuts Should Boost This REIT

Essential Properties Realty Trust offers stability and growth potential with a diverse portfolio of single tenant properties. EPRT has a well-supported dividend yield of 4% with an average growth CAGR...

3 months ago - Seeking Alpha

Essential Properties: Not Essential To My Portfolio

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3 months ago - Seeking Alpha