Essential Properties Realty Trust, Inc. EPRT
Essential Properties Realty Trust, Inc. (EPRT) is a real estate enterprise focused on the acquisition, ownership, and management of freestanding, single-tenant commercial properties throughout the United States. The company leases these assets under long-term agreements to a diverse range of mid-sized businesses. Its tenant base spans various sectors, including dining establishments, automotive care facilities (like car washes and repair shops), medical and dental practices, convenience stores, equipment rental providers, entertainment venues, early childhood education centers, grocery outlets, and health and fitness clubs. As of December 31, 2021, EPRT's property portfolio included 1,451 locations. For federal income tax purposes, the company operates as a real estate investment trust (REIT), which generally exempts it from corporate income taxes, provided it distributes at least 90% of its taxable profits to its shareholders. The company was founded in 2016 and maintains its corporate headquarters in Princeton, New Jersey.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-11 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-06-01) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model EPRT yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $561.89M | $253.01M | $153.60M | $518.96M | $381.08M |
| 2024 | $449.61M | $203.00M | $122.16M | $404.97M | $308.48M |
| 2023 | $359.60M | $190.71M | $101.94M | $352.05M | $254.57M |
| 2022 | $286.51M | $134.13M | $88.56M | $253.50M | $211.02M |
| 2021 | $230.23M | $95.72M | $68.75M | $199.95M | $167.39M |
| 2020 | $164.01M | $42.27M | $59.41M | $131.84M | $99.39M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-14 | 2026-06-01 | $0.32 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-14 | 2026-03-06 | $0.31 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-14 | 2025-12-05 | $0.31 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-14 | 2025-09-05 | $0.30 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-14 | 2025-05-30 | $0.30 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-11 | 2025-03-10 | $0.29 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-14 | 2024-12-09 | $0.29 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-11 | 2024-09-09 | $0.29 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-12 | 2024-06-03 | $0.29 | Irregular |
| 2024-03-27 | 2024-03-29 | 2024-04-12 | 2024-03-07 | $0.28 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-12-04 | $0.28 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-09-07 | $0.28 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-06-09 | $0.28 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-09 | $0.28 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-11-30 | $0.28 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-07 | $0.27 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-14 | 2022-06-02 | $0.27 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-13 | 2022-03-14 | $0.26 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-13 | 2021-12-06 | $0.26 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-14 | 2021-09-02 | $0.25 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-03 | $0.25 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-09 | $0.24 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-03 | $0.24 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-08 | $0.23 | Quarterly |
Coverage (payout of operating cash flow): 67.72%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — EPRT
Essential Properties Realty Trust, Inc. to Report Second Quarter 2026 Results on July 22, 2026
Essential Properties: Priced At A Premium To Net Asset Value
Dividend Champion, Contender, And Challenger Highlights: Week Of June 7
Essential Properties Realty Trust, Inc. Announces Pricing of $400 Million of 5.375% Senior Notes due 2036
Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.32 per Share, an Increase of Approximately 3% Over Prior Quarter
Essential Properties Realty Trust, Inc. (EPRT) Q1 2026 Earnings Call Transcript
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Diversified REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.