Essential Properties Realty Trust Inc. Common Stock (EPRT)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach this as a REIT, so I set aside Graham Number and margin-of-safety shortcuts; depreciation distorts EPS and P/E. FFO and AFFO, the right REIT measures, are not in the data, so I lean on dividend yield, leverage, revenue trend, and price-to-book. Essential Properties owns 2,266 net-lease properties with a weighted average lease term of 14.4 years and rent coverage of 3.6x as of September 30, 2025. That is a simple, durable model: tenants pay rent, and long leases reduce churn. In fiscal 2025, revenue was $561.2 million and net income was $253.0 million, or $1.28 per diluted share; in fiscal 2024, revenue was $449.6 million and net income was $203.0 million, or $1.15 per diluted share. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $161.9 million, net income $74.3 million, and diluted EPS $0.34, versus revenue of $137.1 million, net income of $63.2 million, and diluted EPS of $0.32 in fiscal Q2 2025. Revenue growth is real, though EPS growth is slower. FairStock shows a price of $25.68 at the 2026-10-13 close, a 4.79% dividend yield, 1.26 price-to-book, 0.66 debt-to-equity, 7.5% FCF yield, PEG of 1.14, and a 63/100 score. The 52-week range is $24.62-$34.73, so the stock is near its low. FairStock's 19.91 P/E is less useful here. The balance sheet has moderate leverage, but an Altman Z-Score of 1.26 and Piotroski 6/9 suggest caution. The Lynch category is FAST GROWER based on five-year profit and revenue growth. Overall, quality looks decent and valuation reasonable, not a screaming bargain.

In plain English: Essential Properties owns single-tenant retail buildings and collects long-term rent from the businesses that occupy them. The business looks reasonably strong: rent revenue and profit have grown, the portfolio is large, and the dividend yield is attractive. At the recent price, the shares look fair-to-modestly cheap compared with the value of its properties and its cash generation, though this is a real estate company and the usual earnings figures can mislead.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer