Essential Properties Realty Trust share price today

Essential Properties Realty Trust, Inc.'s share price was $28.12 at the close on 4 November 2026. It has been falling for 5 weeks. That is 7.5% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 29 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Essential Properties Realty Trust, Inc. is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between $25 and $34, and at that close it sat 31% of the way up from that low.

Over the last 8.4 years the share price moved +107% while the S&P 500 moved +179%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 April 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Essential Properties Realty Trust, Inc. paid $1.26 per share over the last four reported quarters. The most recent declaration was $0.32 for Sep 2026. At today's price of $28.12 that is a yield of 4.48%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Essential Properties Realty Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Essential Properties Realty Trust, Inc. earned $59.8 M of net profit in the Sep 2026 quarter, −8.6% on the same quarter a year earlier. Full-year FY25 profit was $252 M. Over 4 years profit has grown 27.5% a year on average. That is 35.4% of the quarter's revenue. The same quarter a year earlier earned $65.4 M.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was $252 M (+24.5% on the year before).

Why profit moved: revenue changed +16.4% on a year earlier and the margin moved −2.3 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +9.5% and revenue +20.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Essential Properties Realty Trust, Inc. reported $169 M of revenue in the Sep 2026 quarter, +16.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 25.0% a year on average. The last full year, FY25, came in at $561 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $639 M.

FY25 revenue was $561 M, +24.8% on the year before.

Recent pace: the last four quarters grew +20.6% on average, against 25.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +20.4%, against +22.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.0%, against +15.3% a year (rolling over).

Essential Properties Realty Trust, Inc.'s operating margin was 62.4% in the Sep 2026 quarter, 2.3 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 57.0% and 64.0%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Across 5 years it has been between 57.0% and 64.0%, and FY25's 64.0% is the highest of them.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 146% of Essential Properties Realty Trust, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $381 M of operating cash against $252 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Essential Properties Realty Trust, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Essential Properties Realty Trust, Inc.'s P/E is 22.8×, near the low end of its own history: it has been lower only 32% of the time. Its usual P/E (the middle reading) is 24.2×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +11.3% while the price moved −8.0%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +6.4% a year; about +1.4% a year came from earnings growth and about +5.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Essential Properties Realty Trust, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 13.5%; each line tells part of the story. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Essential Properties Realty Trust, Inc. earned a ROE of 6% in FY25. That is up from a low of 5% in FY21. Its return on capital used (ROIC) is 2.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a 44.9% net margin and 0.08× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a 44.9% net margin × 0.08× asset turnover × 1.63× leverage (assets divided by equity) ≈ 5.9% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 5.4% − 7.4% = −2.0 percentage points. The 7.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Essential Properties Realty Trust, Inc. has total debt of $3.0 B against shareholder equity of $4.6 B as of Sep 2026, so its debt is 0.65× its equity. Year by year, that ratio went from 0.58 in FY21 to 0.61 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

6.1% of Essential Properties Realty Trust, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

For Essential Properties Realty Trust, Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

44.9 out of 100, rank 17 of 26 in REIT - Retail, with 80% of the evidence available.

Essential Properties Realty Trust, Inc. scores 44.9 out of 100 against the 26 companies it is compared with in REIT - Retail, ranking 17. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 17.7 + 14.6 + 8.6 + 4 = 44.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector.

Essential Properties Realty Trust ranks 17 of 26 REIT - Retail companies on the 4-Factor Sector Score, with 44.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: REIT - Retail, all 26 compared on one page.

Essential Properties Realty Trust is the 10th largest of 25 REIT - Retail companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Agree Realty Corporation, NNN REIT, Inc. and The Macerich Company. Just below it: Phillips Edison & Company, Inc., Kite Realty Group Trust and Tanger Inc.

REIT - Retail companies close in size

7. Agree Realty Corporation $9.1 billion
8. NNN REIT, Inc. $8.1 billion
9. The Macerich Company $7.7 billion
10. Essential Properties Realty Trust, Inc. $6.2 billion
11. Phillips Edison & Company, Inc. $5.8 billion
12. Kite Realty Group Trust $5.3 billion
13. Tanger Inc. $4.6 billion

All 25 REIT - Retail companies, largest first

Companies close in size in other industries

1200. Sibanye Stillwater Limited $6.3 billion · Other Precious Metals & Mining
1201. The Trade Desk, Inc. $6.3 billion · Advertising Agencies
1202. Essential Properties Realty Trust, Inc. $6.2 billion
1203. Weatherford International plc $6.2 billion · Oil & Gas Equipment & Services
1204. Matador Resources Company $6.2 billion · Oil & Gas Exploration & Production

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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