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Companies / Real Estate / Essential Properties Realty Trust, Inc.
EPRT

Essential Properties Realty Trust, Inc.

Ticker EPRTPRINCETON, NJFiscal year ends DecemberBook value per share $20.98Diluted shares 216.4M

Essential Properties Realty Trust, Inc. (NYSE: EPRT) is an internally managed real estate company that acquires, owns and manages primarily freestanding, single-tenant properties leased on a long-term, net basis. Its tenants are mainly middle-market and smaller operators in service-oriented or experience-based… From the company’s description.

In fiscal 2025, Essential Properties Realty Trust, Inc. reported revenue of $561.22M, up 24.8% from fiscal 2024, and net income of $253.73M. Its operating margin was 64.1%, and operations generated $381.08M in cash. Over the twelve months to Sep 30, 2026, revenue was $639.22M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$561.22MFY2025
+24.8% year over year
Last 12 mo $639.22M
64.13%FY2025
+2.3 percentage points
Last 12 mo 60.59%
$253.73MFY2025
+24.6% year over year
Last 12 mo $263.37M
6.31%FY2025
+0.2 percentage points
Last 12 mo 5.78%
Cash & financing
$381.08MFY2025
+23.5% year over year
Last 12 mo $433.15M
$-722.08MFY2025
−39.6% year over year
Last 12 mo $-669.26M
0.60FY2025
Was 0.59× a year earlier
Last 12 mo 0.65
198.1MFY2025
+11.8% year over year
Last 12 mo 216.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Essential Properties Realty Trust, Inc. does

In the company’s own words

Essential Properties Realty Trust, Inc. (NYSE: EPRT) is an internally managed real estate company that acquires, owns and manages primarily freestanding, single-tenant properties leased on a long-term, net basis. Its tenants are mainly middle-market and smaller operators in service-oriented or experience-based businesses, including car washes, medical and dental services, early childhood education, restaurants, convenience stores, automotive services, entertainment, equipment rental, health and fitness, and grocery. The company commonly acquires properties through sale-leaseback transactions, in which it buys real estate from an operator and leases it back, and often groups multiple properties under a master lease. Its portfolio spans 659 tenant concepts across 48 states and is 99.7% occupied. As of December 31, 2025, the portfolio comprised 2,300 properties, and total gross real estate investment, including mortgage loans receivable, was $7.2 billion. For the year ended December 31, 2025, the company completed $1.3 billion of investments.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
PRINCETON, NJ
Fiscal year end
December
CIK
1728951
SIC
6798

Financial performance, year by year

Fiscal 2018–2025 · USD
$-63.92M$127.84M$319.61M$511.38M$703.15M20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Essential Properties Realty Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

395
funds hold it
0 of 35
superinvestors hold it
$3.89B
held by funds, at market
58.3%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Essential Properties Realty Trust, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.35%of fund net assets
Cohen & Steers Real Estate Securities Fund
CSEIX · COHEN & STEERS REAL ESTATE SECURITIES FUND INC
2.61%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.20%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Essential Properties Realty Trust, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Essential Properties Realty Trust, Inc.’s debt, $278.74M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.46%, maturing 2031 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Essential Properties Realty Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Essential Properties Realty Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Essential Properties Realty Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”
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