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Essential Properties Realty Trust

Market Cap

US$3.1b

Last Updated

2021/05/07 23:51 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Average dividend payer and slightly overvalued.

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 +/- 4% a week.

Volatility Over Time: EPRT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

EPRT

-0.8%

US REITs

-0.3%

US Market


1 Year Return

94.6%

EPRT

31.2%

US REITs

50.2%

US Market

Return vs Industry: EPRT exceeded the US REITs industry which returned 32.1% over the past year.

Return vs Market: EPRT exceeded the US Market which returned 51.8% over the past year.


Shareholder returns

EPRTIndustryMarket
7 Day-1.0%-0.8%-0.3%
30 Day8.0%4.1%2.2%
90 Day15.9%11.5%3.8%
1 Year104.5%94.6%36.6%31.2%52.7%50.2%
3 Yearn/a42.0%24.9%63.4%53.1%
5 Yearn/a51.8%21.4%129.6%104.0%

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

Valuation

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

48.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EPRT ($25.92) is trading below our estimate of fair value ($50.77)

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 (59.7x) compared to the US REITs industry average (46.8x).

PE vs Market: EPRT is poor value based on its PE Ratio (59.7x) compared to the US market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: EPRT is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: EPRT's PB Ratio (1.7x) is in line with the US REITs industry average.


Future Growth

How is Essential Properties Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

12.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPRT's forecast earnings growth (12.8% per year) is above the savings rate (2%).

Earnings vs Market: EPRT's earnings (12.8% per year) are forecast to grow slower than the US market (15.4% per year).

High Growth Earnings: EPRT's earnings are forecast to grow, but not significantly.

Revenue vs Market: EPRT's revenue (13.7% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: EPRT's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EPRT's Return on Equity is forecast to be high in 3 years time


Past Performance

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

53.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EPRT has high quality earnings.

Growing Profit Margin: EPRT's current net profit margins (25.3%) are lower than last year (32.9%).


Past Earnings Growth Analysis

Earnings Trend: EPRT's earnings have grown significantly by 53.6% per year over the past 5 years.

Accelerating Growth: EPRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EPRT had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the REITs industry average (-8.5%).


Return on Equity

High ROE: EPRT's Return on Equity (2.7%) 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 ($111.9M) exceed its short term liabilities ($35.8M).

Long Term Liabilities: EPRT's short term assets ($111.9M) do not cover its long term liabilities ($972.7M).


Debt to Equity History and Analysis

Debt Level: EPRT's debt to equity ratio (57.8%) 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 (10.8%).

Interest Coverage: EPRT's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

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

3.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EPRT's dividend (3.7%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: EPRT's dividend (3.7%) is in the top 25% of dividend payers in the US market (3.42%)


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 (83%), 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 (70.3% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Pete Mavoides (53 yo)

3.33yrs

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 ($USD2.78M) is below average for companies of similar size in the US market ($USD5.41M).

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 (3.3 years average tenure).


Board Members

Experienced Board: EPRT's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: EPRT 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 28.1%.


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$3.054b
  • Market Cap: US$3.040b
  • Shares outstanding: 117.82m
  • 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 Analysis2021/05/07 23:51
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
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.