QualityDipStocks / Real Estate · REITs
Essential Properties Realty Trust EPRT
Outside our quality screen, so we don’t track its dips. It’s 21% below its 52-week high.
Outside our quality screen. No fair value estimate for now: there isn’t enough data.
Worth knowing
- Lowest close since Jun 2024
- Down 21% from its 52-week high while revenue grew 20%
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- forming
- Off 52-wk high
- −21%
- Risk vs market
- Lowbeta −0.26
4 bullish · 5 bearish See why
Repriced or dip?
Repricing: business changed
The price is 21% below its 52-week high (Mar 2), but the business held up: revenue +13.9%.
Some numbers held up (revenue +13.9%), others slipped (operating margin −3.5 pts, shares outstanding more shares, each owns less, net cash (cash minus debt) −8.3% of market cap since the high). The price is 21% below its 52-week high.
The price is 21% below its 52-week high, and the business changed too: operating margin −3.5 pts, shares outstanding more shares, each owns less, net cash (cash minus debt) −8.3% of market cap since the high.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 9 numbers, high vs now
- Revenue, last 12 months$561M → $639M (+13.9%)held up
- Revenue growth rate+24.8% → +20.4% a year (−4.5 pts)changed
- Earnings per share, 12 months$1.27 → $1.19 (−6.5%)changed
- Operating margin64.1% → 60.6% (−3.5 pts)changed
- Shares outstanding+10.6% (more shares, each owns less)changed
- Net cash (cash minus debt)−8.3% of market cap since the highchanged
- Stock vs its sector (Real Estate)stock −21%, sector median −1% since Mar 2changed
- Price fall vs business numbersprice −21%, revenue/EPS/FCF median +4% (shown, not scored)
- Valuation multipleP/E 27.2× at the high → 23.0× now (shown, not scored)
Business numbers as reported at the high (12 months to Dec 31, 2025) vs the latest filing (12 months to Sep 30, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 27.2×; 52-wk low: P/E 20.9×; now: P/E 23.0×.
| High | Low | Now | |
|---|---|---|---|
| Price | $34.59Mar 2 | $24.89Oct 21 | $27.38 |
| Implied growth | n/a | n/a | n/a |
| P/E | 27.2× | 20.9× | 23.0× |
| EV/Sales | 16.6× | 13.2× | 14.0× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for EPRT: Capital spending isn't tagged for the latest period in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much EPRT moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.26
- Volatility
- 21% vs 13% SPY
- Correlation SPY
- −0.16
- Correlation QQQ
- −0.30
Valuation details
FCF value $38.79
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthSales compounded 25% a year from FY2022 to FY2025.
ProfitabilityOperating margin of 61% over the last 12 months.
Cash returnsDividend yield of 4.4% ($263M paid over 12 months).
GrowthSales grew 20% to $639M over the last 12 months vs the 12 months before (SEC filings).
Top bearish points 5 of 5
Cash returnsShare count up 9.6% in a year: existing holders are being diluted.
Balance sheetDebt rose 51% to $2.5B from FY2023 to FY2025.
Balance sheetNet debt of $3.0B, 49% of the market cap (Sep 30, 2026).
Cash returnsPays out more in dividends than it earns: $263M paid vs $261M of net income.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 5.1× EBITDA (limit 3×).
All fundamentals
P/E 23.0 · ROE 6% · Sales +20%
Valuation
- P/E
- 23.0×Real Estate median 25.9×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 16.1×
- Price / sales
- 9.39×
- Price / book
- 1.32×
- Market cap
- $6.0Blisted
- Enterprise value
- $9.0B
Growth
- Revenue, 12 months
- $639M
- Sales growth, 12 months
- +20.4%vs the 12 months before
- Sales growth, 3 yrs
- +25.1%/yrfrom FY2022
- Diluted EPS, 12 months
- $1.24
- EPS growth, last FY
- +11.3%
- Net income, 12 months
- $261M
- Net income growth
- +9%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 60.6%
- Net margin
- 40.8%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 6%
- Return on invested capital
- 5%
Balance sheet
- Cash & short-term inv.
- $25M
- Total debt
- $3.0B
- Net cash
- −$3.0B
- Debt / equity
- 0.66×
- Interest coverage
- 3.1×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 4.38%$263M paid
- Payout ratio
- 101%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +9.6%diluted shares vs a year ago
- Stock-based comp
- $15M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Essential Properties Realty Trust’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.3B · Sales +16%
- Free cash flow, 12 months$0.3B
- Free-cash-flow yield5.7%
- Free-cash-flow margin54%
- Gross margin98%
- Operating margin62%
- Return on invested capital4%
- Return on equity6%
- Sales growth (latest quarter vs year-ago quarter)+16%
- Net debt / EBITDA5.1×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $27.38
- 52-wk lowlowest close, 1 year$24.89−9.1%
- PriceMon Nov 2 close$27.38you are here
- 52-wk highhighest close, 1 year$34.59+26.3%
Momentum & 52-week range
RSI 58 · 5 days +0.8%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
EPRT is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Essential Properties Realty Trust in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in REITs
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.