EPRT

Essential Properties Realty TrustNYSE:EPRT Stock Report

Market Cap

US$3.4b

7D

-5.7%

1Y

51.7%

Updated

22 Sep, 2021

Data

Company Financials +
EPRT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health2/6
Dividends3/6

EPRT Overview

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States.

Share Price & News

How has Essential Properties Realty Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EPRT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EPRT's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-5.7%

EPRT

-1.0%

US REITs

-1.8%

US Market


1 Year Return

51.7%

EPRT

34.6%

US REITs

31.5%

US Market

Return vs Industry: EPRT exceeded the US REITs industry which returned 36.1% over the past year.

Return vs Market: EPRT exceeded the US Market which returned 33% over the past year.


Shareholder returns

EPRTIndustryMarket
7 Day-5.7%-1.0%-1.8%
30 Day-5.8%-1.1%-0.9%
90 Day5.8%2.4%0.8%
1 Year58.5%51.7%39.0%34.6%33.5%31.5%
3 Year134.1%102.1%46.3%30.1%57.5%47.8%
5 Yearn/a54.7%25.2%119.1%95.3%

Long-Term Price Volatility Vs. Market

How volatile is Essential Properties Realty Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Essential Properties Realty Trust Fundamentals Summary

How do Essential Properties Realty Trust's earnings and revenue compare to its market cap?
EPRT fundamental statistics
Market CapUS$3.44b
Earnings (TTM)US$56.13m
Revenue (TTM)US$189.64m

61.3x

P/E Ratio

18.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EPRT income statement (TTM)
RevenueUS$189.64m
Cost of RevenueUS$5.71m
Gross ProfitUS$183.93m
ExpensesUS$127.80m
EarningsUS$56.13m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.53
Gross Margin96.99%
Net Profit Margin29.60%
Debt/Equity Ratio56.7%

How did EPRT perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

78%

Payout Ratio

Does EPRT pay a reliable dividends?

See EPRT dividend history and benchmarks
When do you need to buy EPRT by to receive an upcoming dividend?
Essential Properties Realty Trust dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateOct 14 2021
Days until Ex dividend6 days
Days until Dividend pay date21 days

Does EPRT pay a reliable dividends?

See EPRT dividend history and benchmarks

Valuation

Is Essential Properties Realty Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EPRT ($28.96) is trading below our estimate of fair value ($71.43)

Significantly Below Fair Value: EPRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EPRT is poor value based on its PE Ratio (61.3x) compared to the US REITs industry average (49.7x).

PE vs Market: EPRT is poor value based on its PE Ratio (61.3x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: EPRT is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: EPRT is good value based on its PB Ratio (1.9x) compared to the US REITs industry average (2x).


Future Growth

How is Essential Properties Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

21.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPRT's forecast earnings growth (21.1% per year) is above the savings rate (2%).

Earnings vs Market: EPRT's earnings (21.1% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EPRT's revenue (17.7% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: EPRT's revenue (17.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EPRT's Return on Equity is forecast to be low in 3 years time (5.5%).


Past Performance

How has Essential Properties Realty Trust performed over the past 5 years?

50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EPRT has high quality earnings.

Growing Profit Margin: EPRT's current net profit margins (29.6%) are lower than last year (33.2%).


Past Earnings Growth Analysis

Earnings Trend: EPRT's earnings have grown significantly by 50.4% per year over the past 5 years.

Accelerating Growth: EPRT's earnings growth over the past year (8.6%) is below its 5-year average (50.4% per year).

Earnings vs Industry: EPRT earnings growth over the past year (8.6%) exceeded the REITs industry 3.9%.


Return on Equity

High ROE: EPRT's Return on Equity (3.1%) is considered low.


Financial Health

How is Essential Properties Realty Trust's financial position?


Financial Position Analysis

Short Term Liabilities: EPRT's short term assets ($212.6M) exceed its short term liabilities ($43.5M).

Long Term Liabilities: EPRT's short term assets ($212.6M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: EPRT's debt to equity ratio (56.7%) is considered high.

Reducing Debt: Insufficient data to determine if EPRT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EPRT's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: EPRT's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Dividend

What is Essential Properties Realty Trust current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 22 2021Ex Dividend DateSep 29 2021Dividend Pay DateOct 14 202115 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EPRT's dividend (3.45%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EPRT's dividend (3.45%) is low compared to the top 25% of dividend payers in the US market (3.65%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EPRT has been paying a dividend for less than 10 years.

Growing Dividend: EPRT's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.4%), EPRT's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EPRT's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Pete Mavoides (54 yo)

3.67yrs

Tenure

US$2,779,000

Compensation

Mr. Peter M. Mavoides, also known as Pete, has been the President & Chief Executive Officer of Essential Properties Realty Trust, Inc. since January 12, 2018 and he held similar positions since March 2016...


CEO Compensation Analysis

Compensation vs Market: Pete's total compensation ($USD2.78M) is below average for companies of similar size in the US market ($USD5.25M).

Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EPRT's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: EPRT's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.7%.


Top Shareholders

Company Information

Essential Properties Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Essential Properties Realty Trust, Inc.
  • Ticker: EPRT
  • Exchange: NYSE
  • Founded: 2016
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: US$3.440b
  • Market Cap: US$3.424b
  • Shares outstanding: 118.79m
  • Website: https://essentialproperties.com

Number of Employees


Location

  • Essential Properties Realty Trust, Inc.
  • 902 Carnegie Center Boulevard
  • Suite 520
  • Princeton
  • New Jersey
  • 8540
  • United States

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:24
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.