Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States.
Solid track record, good value and pays a dividend.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EPRT underperformed the US REITs industry which returned -10.1% over the past year.
Return vs Market: EPRT underperformed the US Market which returned 9.9% over the past year.
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
1 month ago | Simply Wall StDid Changing Sentiment Drive Essential Properties Realty Trust's (NYSE:EPRT) Share Price Down By 39%?
2 months ago | Simply Wall StInsider Buying: The Essential Properties Realty Trust, Inc. (NYSE:EPRT) Interim CFO & Director Just Bought US$354k Worth Of Shares
3 months ago | Simply Wall StIs Now The Time To Put Essential Properties Realty Trust (NYSE:EPRT) On Your Watchlist?
Is Essential Properties Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EPRT ($13.64) is trading below our estimate of fair value ($26.22)
Significantly Below Fair Value: EPRT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EPRT is good value based on its PE Ratio (20.9x) compared to the REITs industry average (27.4x).
PE vs Market: EPRT is poor value based on its PE Ratio (20.9x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: EPRT is poor value based on its PEG Ratio (4.8x)
Price to Book Ratio
PB vs Industry: EPRT is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (1.3x).
How is Essential Properties Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EPRT's forecast earnings growth (4.3% per year) is above the savings rate (2.2%).
Earnings vs Market: EPRT's earnings (4.3% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: EPRT's earnings are forecast to grow, but not significantly.
Revenue vs Market: EPRT's revenue (10.8% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: EPRT's revenue (10.8% 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
How has Essential Properties Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EPRT has high quality earnings.
Growing Profit Margin: EPRT's current net profit margins (32.9%) are higher than last year (15.9%).
Past Earnings Growth Analysis
Earnings Trend: EPRT's earnings have grown significantly by 77.2% per year over the past 5 years.
Accelerating Growth: EPRT's earnings growth over the past year (188%) exceeds its 5-year average (77.2% per year).
Earnings vs Industry: EPRT earnings growth over the past year (188%) exceeded the REITs industry 5.3%.
Return on Equity
High ROE: EPRT's Return on Equity (3.9%) is considered low.
How is Essential Properties Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: EPRT's short term assets ($259.2M) exceed its short term liabilities ($28.9M).
Long Term Liabilities: EPRT's short term assets ($259.2M) do not cover its long term liabilities ($920.8M).
Debt to Equity History and Analysis
Debt Level: EPRT's debt to equity ratio (66.8%) is considered high.
Reducing Debt: Insufficient data to determine if EPRT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EPRT's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: EPRT's interest payments on its debt are well covered by EBIT (3x coverage).
What is Essential Properties Realty Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EPRT's dividend (6.74%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: EPRT's dividend (6.74%) is in the top 25% of dividend payers in the US market (4.54%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EPRT has been paying a dividend for less than 10 years.
Growing Dividend: EPRT's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (78.2%), EPRT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EPRT's dividends in 3 years are forecast to be thoroughly covered by earnings (0.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pete Mavoides (52yo)
Mr. Peter M. Mavoides, also known as Pete, is President & Chief Executive Officer of Essential Properties Realty Trust, Inc. Mr. Mavoides served as the President and Chief Operating Officer of Spirit Realt ...
CEO Compensation Analysis
Compensation vs Market: Pete's total compensation ($USD2.39M) is below average for companies of similar size in the US market ($USD4.76M).
Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.
|Interim CFO & Director||0.75yr||US$16.00k||0.13% $1.7m|
|Executive VP & COO||2.42yrs||US$1.30m||0.25% $3.1m|
|Senior Vice President & Chief Accounting Officer||0.42yr||no data||0.019% $237.0k|
|Senior VP & Head of Capital Markets||2.42yrs||no data||0.031% $385.8k|
|Senior VP & Head of Asset Management||no data||no data||no data|
|Senior VP & Head of Credit||no data||no data||no data|
Experienced Management: EPRT's management team is considered experienced (2.4 years average tenure).
|Interim CFO & Director||0.75yr||US$16.00k||0.13% $1.7m|
|Independent Chairman of the Board||2.42yrs||US$209.00k||0.043% $545.4k|
|Independent Director||2.42yrs||US$124.00k||0.29% $3.6m|
|Independent Director||2.42yrs||US$129.00k||0.063% $792.4k|
|Independent Director||0.42yr||no data||no data|
|Independent Director||0.42yr||no data||0.0027% $34.3k|
|Independent Director||0.42yr||no data||0.0012% $15.1k|
|Independent Director||2.42yrs||US$119.00k||0.0085% $106.2k|
Experienced Board: EPRT's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.9%.
Essential Properties Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Essential Properties Realty Trust, Inc.
- Ticker: EPRT
- Exchange: NYSE
- Founded: 2016
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$1.256b
- Market Cap: US$1.248b
- Shares outstanding: 92.06m
- Website: https://www.essentialproperties.com
Number of Employees
- Essential Properties Realty Trust, Inc.
- 902 Carnegie Center Boulevard
- Suite 520
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EPRT||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 2018|
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 as restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis. As of December 31, 2019, it had a portfolio of 1000 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is based in Princeton, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 05:38|
|End of Day Share Price||2020/05/29 00:00|
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.