Essential Properties Realty Trust Inc | REIT Profile
Symbol: EPRT
CIK: 1728951
Exchange: NYSE
Founded: 2016 (8 years)
HQ: Princeton, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail
Internally Managed REIT
See EPRT on Yahoo Finance
See EPRT on SEC.gov
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Essential Properties is a privately held real estate operating company based in Princeton, NJ, that owns, acquires, and manages single-tenant net lease (STNL) properties. By utilizing sale-leaseback transactions, Essential provides growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential primarily targets tenants that operate service-oriented and experience-based businesses including: Restaurants; Car Washes and Automotive Services; Convenience Stores and Gas Stations; Medical, Dental, and Veterinarian Services; Early Childhood Education; Movie Theaters and Entertainment; Health and Fitness, and others.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $31.95 | $31.96 | $31.50 | $31.57 | $31.66 | 383,894 | $0.29 | 0.92% |
Last update: 2024-12-26 07:05:40 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2024-12-25
Annualized Dividend: $1.18*
Dividend Yield (TTM): 3.6%
Annualized Dividend (TTM): $1.165
Ex-Dividend Date: 2024-12-31
Dividend Date: 2025-01-14
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Essential Properties: Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.295 per Share, an Increase of Approximately 2% Over Prior Quarter - Mon, 9 Dec 2024 21:11:02 +0000
- Essential Properties: Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024 - Tue, 24 Sep 2024 20:51:53 +0000
- Essential Properties: Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024 - Mon, 9 Sep 2024 21:03:54 +0000
- Essential Properties: Essential Properties Realty Trust, Inc. Announces New $450 Million 5.5 Year Unsecured Term Loan - Thu, 11 Jul 2024 21:45:54 +0000
- Essential Properties: Essential Properties Realty Trust, Inc. to Report Second Quarter 2024 Results on July 24, 2024 - Mon, 1 Jul 2024 13:39:47 +0000
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for EPRT.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q3 | FFO | $--- | $--- | ---% |
| 2024 | Q3 | AFFO | $--- | $--- | ---% |
| 2024 | Q2 | FFO | $--- | $--- | ---% |
| 2024 | Q2 | AFFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day 2024-12-25
EBITDA: $389,020,000
P/E Ratio: 28.03
PEG Ratio: N/A
Book Value: 18.21
Dividend Per Share: $1.15
EPS: 1.14
Revenue Per Share TTM: $2.54
ProfitMargin: 45.90%
Operating Margin TTM: 64.70%
Return on Equity TTM: 6.50%
Revenue TTM: $428,535,000
Gross Profit TTM: $282,966,000
Diluted EPS TTM: $1.14
Quarterly Earnings Growth YOY: -6.40%
Quarterly Revenue Growth YOY: 27.80%
Trailing P/E: 28.03
Forward P/E: 25.91
Beta: 1.40
Price to Book Ratio: 1.74
EV to Revenue: 18.07
EV to EBITDA: 20.06x
Shares Outstanding: 175,332,000
52 Week High: $34.88
52 Week Low: $22.88
50 Day Moving Average: $32.92
200 Day Moving Average: $29.79
Properties Owned by EPRT
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $26.24 per share you would have been able to buy 38 shares of EPRT on 2023-12-26 costing $997.12 | @ $26.24 per share you would have been able to buy 19 shares of EPRT on 2023-12-26 costing $498.56 | @ $26.24 per share you would have been able to buy 9 shares of EPRT on 2023-12-26 costing $236.16 | @ $26.24 per share you would have been able to buy 3 shares of EPRT on 2023-12-26 costing $78.72 | @ $26.24 per share you would have been able to buy 1 shares of EPRT on 2023-12-26 costing $26.24 |
| Current worth | On 2024-07-05 these 38 shares would be worth $1,063.62 @ $27.99 | On 2024-07-05 these 19 shares would be worth $531.81 @ $27.99 | On 2024-07-05 these 9 shares would be worth $251.91 @ $27.99 | On 2024-07-05 these 3 shares would be worth $83.97 @ $27.99 | On 2024-07-05 these 1 shares would be worth $27.99 @ $27.99 |
| Dividends earned | $65.93 in dividends would have been earned since 2023-12-26 with 38 shares. | $33 in dividends would have been earned since 2023-12-26 with 19 shares. | $15.62 in dividends would have been earned since 2023-12-26 with 9 shares. | $5.21 in dividends would have been earned since 2023-12-26 with 3 shares. | $1.74 in dividends would have been earned since 2023-12-26 with 19 shares. |
| Net (gain / loss)* | 132.43 USD | 66.22 USD | 31.37 USD | 10.46 USD | 3.49 USD |
| ROI** | 13.28% | 13.28% | 13.28% | 13.28% | 13.28% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by EPRT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| EPRT | 2024-12-31 | 0.295 | 1.72% | 2024-12-09 | 2024-12-31 | 2025-01-14 |
| EPRT | 2024-09-30 | 0.290 | --- | 2024-09-09 | 2024-09-30 | 2024-10-11 |
| EPRT | 2024-06-28 | 0.290 | --- | 2024-06-03 | 2024-06-28 | 2024-07-12 |
| EPRT | 2024-06-12 | 0.290 | 1.75% | 2024-06-03 | 2024-06-12 | 2024-06-28 |
| EPRT | 2024-03-27 | 0.285 | --- | 2024-03-07 | 2024-03-29 | 2024-04-12 |
| EPRT | 2023-12-28 | 0.285 | 1.79% | 2023-12-04 | 2023-12-29 | 2024-01-12 |
| EPRT | 2023-09-28 | 0.280 | --- | 2023-09-07 | 2023-09-29 | 2023-10-13 |
| EPRT | 2023-06-29 | 0.280 | 1.82% | 2023-06-12 | 2023-06-30 | 2023-07-14 |
| EPRT | 2023-03-30 | 0.275 | --- | 2023-03-09 | 2023-03-31 | 2023-04-14 |
| EPRT | 2022-12-29 | 0.275 | 1.85% | 2022-11-30 | 2022-12-30 | 2023-01-13 |
| EPRT | 2022-09-29 | 0.270 | --- | 2022-09-07 | 2022-09-30 | 2022-10-14 |
| EPRT | 2022-06-29 | 0.270 | 3.85% | 2022-06-02 | 2022-06-30 | 2022-07-14 |
| EPRT | 2022-03-30 | 0.260 | --- | 2022-03-15 | 2022-03-31 | 2022-04-13 |
| EPRT | 2021-12-30 | 0.260 | 4.00% | 2021-12-06 | 2021-12-31 | 2022-01-13 |
| EPRT | 2021-09-29 | 0.250 | --- | 2021-09-02 | 2021-09-30 | 2021-10-14 |
| EPRT | 2021-06-29 | 0.250 | 4.17% | 2021-06-03 | 2021-06-30 | 2021-07-15 |
| EPRT | 2021-03-30 | 0.240 | --- | 2021-03-09 | 2021-03-31 | 2021-04-15 |
| EPRT | 2020-12-30 | 0.240 | 4.35% | 2020-12-03 | 2020-12-31 | 2021-01-15 |
| EPRT | 2020-09-29 | 0.230 | --- | 2020-09-08 | 2020-09-30 | 2020-10-15 |
| EPRT | 2020-06-29 | 0.230 | --- | 2020-06-15 | 2020-06-30 | 2020-07-15 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 8 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 5.1 |
| 6 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.9 |
| 9 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.9 |
| 10 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 7.8 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 9 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 8.7 |
| 9 | AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| 10 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 6.9 |
| 10 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 8.1 |
| Rating | Leverage Section | Avg. Rating |
| 10 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 5.9 |
| 10 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.5 |
| 9 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.8 |
| 3 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 7.3 |
| 9 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 4.8 |
| 10 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.8 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 10 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.3 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 6.3 |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.8 |
| 10 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.6 |
| Rating | Market Cap Section | Avg. Rating |
| 6 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.5 |
| 9.0 | Overall REITRating™ Score (See trend) | 6.4 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
Related REITs
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|---|---|---|---|---|---|
| Acadia Realty Trust (AKR) | 7.9 | NYSE | Mid-Cap | Retail | United States |
| Agree Realty Corp. (ADC) | 9.0 | NYSE | Mid-Cap | Retail | United States |
| American Assets Trust, Inc. (AAT) | 7.3 | NYSE | Mid-Cap | Diversified Office Residential Hotel Retail | United States |
| Brixmor Property Group, Inc. (BRX) | 7.9 | NYSE | Mid-Cap | Retail | United States |
| Broadstone Net Lease, Inc. (BNL) | 6.4 | NYSE | Mid-Cap | Industrial Health Care Office Retail | United States |
Last updated: 2024-12-26 - v5.8