Lumida
/EPRT
⌘K
Essential Properties Realty Trust Inc

Essential Properties Realty Trust Inc

EPRT
$28.79USD↓-1.07%-0.31 today

MARKET CAP

6.3B

P/E (TTM)

22.7x

FWD P/E

—

DAY RANGE

$29 – $29

52W RANGE

$29
$35

AI Summary

Stalk
Sell NowHigh

EPRT broke key support decisively on heavy volume and remains below all major EMAs, confirming bearish momentum across short, medium, and long horizons. While extreme oversold readings and RSI near 30 could trigger a shallow relief bounce, structural downtrend persists and rallies into broken support zones are prime for sell-side engagement.

  • ↑Q2 GAAP net income $74.5M and AFFO $110.1M (+9% YoY).
  • ↑Revised 2026 AFFO/share guidance to $2.01–$2.05 (7%+ growth).
  • ↓Sale-leaseback competition slowing cap rate declines, pressuring yields.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Essential Properties Realty Trust (NYSE: EPRT) is a leading firm in the real estate investment trust (REIT) sector, specializing in net lease properties across diverse industries, particularly focusing on middle-market operators. Positioning itself within the growing sale-leaseback market, EPRT provides essential capital solutions that enable businesses to monetize their real estate assets while retaining operational control. The company's strategy emphasizes a strong tenant mix and long-term financial stability, mitigating risks associated with market concentration and economic volatility.

Bull says

  • ↑Q2 GAAP net income $74.5M and AFFO $110.1M (+9% YoY).
  • ↑Revised 2026 AFFO/share guidance to $2.01–$2.05 (7%+ growth).
  • ↑Occupancy at 99.6%; top 10 tenants account for 15.2% of ABR.
  • ↑Q2 sale-leaseback volume $332M with average cash yield of 7.8%.
  • ↑Liquidity of $1.7B and pro forma leverage of 3.5x support growth.
  • ↑Dividend yield 0.91% and strong profitability factors underpin returns.

Bear says

  • ↓Sale-leaseback competition slowing cap rate declines, pressuring yields.
  • ↓Restaurant tenants show flat rent coverage amid economic volatility.
  • ↓Negative EPS revisions reflect market skepticism on growth prospects.
  • ↓Rising rates could strain debt costs and 3.5x leverage coverage.
  • ↓Potential regulatory shifts could impact casual dining tenant profits.
  • ↓Valuation stretched: negative earnings yield and weak quality factors.

Investment themes with EPRT

Retail REITs↑ +0.51%

KIM · REG · FRT

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 08-16-2026neutral

Transcript signals

Bull points

  • During the quarter, we continued to support our existing relationships, which contributed 88% of our $334 million of investments, underscoring the value of recurring business with our tenant base.
  • Our pro forma leverage is 3.5 times, and we have $1.3 billion of liquidity. This positions us well to continue to invest, support our relationships, and grow our portfolio while generating sustainable earned growth for our shareholders.
  • we are increasing our 2025 AFFO Per Share Guidance to a range of $1.86 to $1.89.

Bear points

  • Though we have not yet seen this materialize in our opportunities set, we continue to expect our investment cap rates in 2025 to trend lower.
  • We continue to expect our investment cap rates in 2025 to trend lower.
  • And ultimately, competition drives our ability to drive those numbers.
Read full transcript analysis ›