Essential Properties Realty Trust, Inc. (EPRT) Key Metrics
EPRT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.66B
- Enterprise value
- $8.60B
- P/E (TTM)
- 20.2 10-yr median 31.3
- Forward P/E
- 22.8
- PEG ratio
- —
- Price / sales
- 9.2 10-yr median 11.7
- Price / book
- 1.3 10-yr median 1.4
- EV / EBITDA
- 15.4 10-yr median 18.4
- Dividend yield
- 4.89% $1.28 a year
- Beta
- 0.84
EPRT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEPRT valuation Price multiples at each fiscal year-end price.
EPRT returns How much profit the business earns on the capital it uses.
EPRT per-share figures Results divided by the shares outstanding at year-end.
EPRT financial health Debt, liquidity and how easily interest is covered.
EPRT efficiency & capital use Working capital cycle and where the cash goes.
EPRT valuation history
EPRT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EPRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EPRT cash returned to shareholders
EPRT price vs earnings per share
EPRT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.98B | $5.54B | $3.92B | $3.19B | $3.39B | $2.04B | $1.87B | $605.5M | — | — |
| Enterprise value | $8.44B | $7.63B | $5.58B | $4.56B | $4.52B | $2.88B | $2.59B | $1.18B | — | — |
| P/E ratio | 23.6 | 27.3 | 20.6 | 23.8 | 35.4 | 48.2 | 44.7 | 38.8 | — | — |
| Price / sales | 10.6 | 12.3 | 10.9 | 11.1 | 14.7 | 12.4 | 13.4 | 6.3 | — | — |
| Price / book | 1.4 | 1.6 | 1.3 | 1.3 | 1.7 | 1.3 | 1.6 | 0.7 | — | — |
| Price / free cash flow | 15.7 | 18.0 | 15.4 | — | 20.2 | 20.5 | 21.1 | 13.7 | — | — |
| Price / operating cash flow | 15.7 | 18.0 | 15.4 | 15.1 | 20.2 | 20.5 | 21.1 | 13.2 | — | — |
| EV / sales | 15.0 | 17.0 | 15.5 | 15.9 | 19.6 | 17.5 | 18.6 | 12.2 | — | — |
| EV / EBITDA | 16.3 | 18.8 | 15.8 | 18.0 | 22.6 | 21.8 | 21.8 | 14.2 | — | — |
| EV / free cash flow | 22.2 | 24.7 | 21.9 | — | 27.0 | 28.9 | 29.3 | 26.6 | — | — |
| Earnings yield | 4.2% | 3.7% | 4.9% | 4.2% | 2.8% | 2.1% | 2.2% | 2.6% | — | — |
| Free cash flow yield | 6.4% | 5.6% | 6.5% | −16.2% | 4.9% | 4.9% | 4.7% | 7.3% | — | — |
| Dividend yield | 3.9% | 3.6% | 4.3% | 4.4% | 3.3% | 4.2% | 3.4% | 2.3% | — | — |
| Shareholder yield (dividends + buybacks) | 3.9% | 3.6% | 4.4% | 4.4% | 3.3% | 4.2% | 3.4% | 2.3% | — | — |
| Share price at fiscal year-end | $29.66 | $31.28 | $25.56 | $23.47 | $28.83 | $21.20 | $24.81 | $13.84 | — | — |
| Per share | ||||||||||
| Revenue per share | $2.79 | $2.54 | $2.34 | $2.11 | $1.96 | $1.70 | $1.85 | $2.20 | — | — |
| Earnings per share | $1.25 | $1.15 | $1.24 | $0.99 | $0.81 | $0.44 | $0.56 | $0.36 | — | — |
| Operating cash flow per share | $1.89 | $1.74 | $1.66 | $1.55 | $1.43 | $1.03 | $1.18 | $1.05 | — | — |
| Free cash flow per share | $1.89 | $1.74 | $1.66 | −$3.81 | $1.43 | $1.03 | $1.18 | $1.01 | — | — |
| Cash per share | $0.30 | $0.23 | $0.26 | $0.46 | $0.51 | $0.28 | $0.11 | $0.10 | — | — |
| Book value per share | $20.83 | $20.12 | $19.40 | $18.38 | $17.34 | $16.37 | $15.96 | $18.54 | — | — |
| Tangible book value per share | $20.34 | $19.59 | $18.82 | $17.73 | $16.59 | $15.77 | $14.91 | $17.02 | — | — |
| Dividends per share | $1.16 | $1.13 | $1.10 | $1.04 | $0.96 | $0.90 | $0.85 | $0.32 | — | — |
| Capex per share | $0.00 | $4.66 | $5.83 | $5.36 | $7.15 | $0.00 | $7.80 | $0.04 | — | — |
| Debt per share | $12.51 | $12.02 | $11.01 | $10.52 | $10.14 | $8.97 | $9.70 | $13.12 | — | — |
| Shares outstanding | 201.6M | 177.1M | 153.5M | 135.9M | 117.5M | 96.2M | 75.3M | 43.7M | — | — |
| Change in shares outstanding | +13.8% | +15.4% | +13.0% | +15.7% | +22.1% | +27.7% | +72.1% | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.5% | 6.2% | 7.0% | 5.9% | 5.3% | 3.0% | 4.2% | 3.1% | 3.5% | 2.1% |
| Return on invested capital (ROIC) | 5.9% | 5.4% | 5.7% | 5.0% | 4.8% | 3.3% | 4.8% | 1.7% | 3.5% | 0.6% |
| Return on assets (ROA) | 4.0% | 3.8% | 4.3% | 3.7% | 3.3% | 1.9% | 2.5% | 1.3% | 0.9% | 0.8% |
| Return on tangible assets | 3.7% | 3.6% | 4.1% | 3.4% | 3.0% | 1.7% | 2.2% | 1.2% | 0.7% | 0.9% |
| Free cash flow margin | 67.8% | 68.6% | 70.8% | −180.7% | 72.7% | 60.6% | 63.6% | 46.0% | 41.2% | 67.7% |
| Income quality (OCF / net income) | 1.51 | 1.52 | 1.33 | 1.57 | 1.75 | 2.35 | 2.12 | 2.94 | 3.57 | 2.80 |
| Financial health | ||||||||||
| Total debt | $2.52B | $2.13B | $1.69B | $1.43B | $1.19B | $863.0M | $730.8M | $574.1M | $741.6M | $272.8M |
| Cash & short-term investments | $60.2M | $40.7M | $39.8M | $62.3M | $59.8M | $26.6M | $8.3M | $4.2M | $7.2M | $1.8M |
| Net debt | $2.46B | $2.09B | $1.65B | $1.37B | $1.13B | $836.4M | $722.5M | $569.9M | $734.4M | $271.0M |
| Debt / equity | 0.60 | 0.60 | 0.57 | 0.57 | 0.58 | 0.55 | 0.61 | 0.71 | 4.09 | 1.56 |
| Debt / assets | 0.37 | 0.37 | 0.35 | 0.36 | 0.36 | 0.35 | 0.37 | 0.42 | 0.79 | 0.59 |
| Net debt / EBITDA | 4.74 | 5.15 | 4.69 | 5.40 | 5.65 | 6.34 | 6.09 | 6.89 | 14.96 | 25.59 |
| Current ratio | 6.13 | 6.40 | 2.31 | 6.09 | 5.38 | 3.10 | 4.25 | 3.07 | 4.69 | 5.66 |
| Quick ratio | 6.11 | 6.29 | 2.20 | 6.02 | 5.14 | 2.59 | 4.22 | 2.11 | 4.08 | 5.66 |
| Interest coverage | 3.1 | 3.5 | 4.6 | 4.3 | 4.0 | 2.5 | 3.0 | 0.7 | 1.1 | — |
| Working capital | $546.1M | $489.7M | $93.0M | $349.2M | $283.4M | $70.7M | $119.8M | $37.6M | $25.3M | $11.3M |
| Invested capital | $6.66B | $5.65B | $4.63B | $3.86B | $3.17B | $2.41B | $1.92B | $1.38B | $915.8M | $445.6M |
| Tangible asset value | $4.11B | $3.48B | $2.90B | $2.41B | $1.96B | $1.52B | $1.12B | $744.6M | $118.9M | $118.8M |
| Net current asset value | −$2.00B | −$1.65B | −$1.62B | −$1.09B | −$906.9M | −$802.5M | −$616.7M | −$514.1M | −$728.7M | −$277.9M |
| Graham number | $24.25 | $22.78 | $23.29 | $20.21 | $17.83 | $12.72 | $14.13 | $12.20 | — | — |
| Graham net-net per share | −$10.51 | −$10.09 | −$10.79 | −$8.70 | −$8.37 | −$8.64 | −$8.97 | −$12.18 | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $233.9M | $199.7M | $168.2M | $141.7M | $112.3M | $86.5M | $63.9M | $14.1M | $101.2M | $7.5M |
| Share buybacks (net) | — | — | $3.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 92.5% | 98.4% | 88.2% | 105.6% | 117.4% | 204.6% | 152.7% | 90.1% | — | 201.0% |
| Dividends + buybacks / free cash flow | 61.4% | 64.7% | 67.5% | — | 67.1% | 87.0% | 72.2% | 31.8% | 451.4% | 71.7% |
| Capex / revenue | 0.0% | 183.7% | 248.8% | 254.3% | 364.9% | 0.0% | 421.5% | 1.8% | 0.1% | 1,866.0% |
| Capex / operating cash flow | 0.0% | 267.7% | 351.4% | 345.3% | 501.8% | 0.0% | 663.2% | 3.7% | 0.2% | 2,756.0% |
| Capex / depreciation | 0.00 | 6.76 | 8.77 | 8.25 | 12.02 | 0.00 | 13.57 | 0.05 | 0.00 | 53.40 |
| Stock-based compensation / revenue | 2.3% | 2.4% | 2.5% | 3.3% | 2.5% | 3.7% | 4.5% | 2.5% | 1.5% | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 7.3% | 7.8% | 8.5% | 10.3% | 10.6% | 14.9% | 15.6% | 14.3% | 16.4% | 36.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 375.9 | 256.9 | 228.0 | 391.4 | 259.4 | 191.9 | 196.3 | 75.8 | 31.7 | 29.2 |
| Days of inventory on hand | 25.8 | 638.1 | 478.9 | 1,068.7 | 1,029.1 | 859.1 | 1,112.6 | 1,998.1 | 492.3 | — |
| Days payables outstanding | — | — | — | 2,948.8 | 3,396.9 | 3,731.0 | 3,268.1 | 3,341.6 | — | — |
| Cash conversion cycle (days) | — | — | — | -1,488.6 | -2,108.4 | -2,680.1 | -1,959.2 | -1,267.7 | — | — |
| Receivables turnover | 0.97 | 1.42 | 1.60 | 0.93 | 1.41 | 1.90 | 1.86 | 4.81 | 11.51 | 12.49 |
| Payables turnover | — | — | — | 0.12 | 0.11 | 0.10 | 0.11 | 0.11 | — | — |
| Inventory turnover | 14.17 | 0.57 | 0.76 | 0.34 | 0.35 | 0.42 | 0.33 | 0.18 | 0.74 | — |
| Asset turnover | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 | 0.03 |
| Average receivables | $578.6M | $316.5M | $224.6M | $307.3M | $163.6M | $86.2M | $74.9M | $20.0M | $4.7M | $1.2M |
| Average payables | — | — | — | $27.9M | $53.6M | $39.7M | $27.5M | $18.1M | — | — |
| Average inventory | $6.3M | $8.7M | $6.1M | $10.1M | $16.2M | $9.1M | $9.4M | $10.8M | $2.1M | $0 |
| Intangibles / total assets | 1.4% | 1.6% | 1.9% | 2.2% | 2.7% | 2.3% | 4.0% | 4.8% | 6.6% | 12.0% |
Computed from EPRT's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EPRT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Essential Properties Realty traded at 23.6 times earnings, against a 10-year median of 31.3. Based on the latest twelve months, the trailing P/E is 20.2 and the forward P/E is 22.8. Essential Properties Realty earned a return on equity of 6.5% and a return on invested capital of 5.9% in fiscal 2025. It ended the year with $2.5 billion of debt and $60.2 million in cash and short-term investments, net debt of $2.5 billion. It returned $233.9 million to shareholders: $233.9 million in dividends and $0 in share buybacks, 61% of free cash flow.
See the EPRT income statement, the EPRT chart for price history, or the EPRT stock overview for the latest quote and news.
EPRT key metrics FAQ
What is Essential Properties Realty's P/E ratio?
Essential Properties Realty's trailing P/E ratio is 20.2 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 22.8. At the end of fiscal 2025 it was 23.6, compared with a 10-year median of 31.3.
What is Essential Properties Realty's EV/EBITDA?
Essential Properties Realty's enterprise value was 16.3 times EBITDA at the end of fiscal 2025 (enterprise value $8.4 billion, EBITDA $519.0 million); the current EV/EBITDA is 15.4.
What is Essential Properties Realty's return on equity?
Essential Properties Realty's return on equity (ROE) was 6.5% in fiscal 2025: net income of $253.0 million on average shareholders' equity of $3.9 billion.
What is Essential Properties Realty's ROIC?
Essential Properties Realty's return on invested capital was 5.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Essential Properties Realty have?
Essential Properties Realty had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.60 and $2.5 billion of net debt (4.74 times EBITDA).
What is Essential Properties Realty's dividend yield?
Essential Properties Realty's forward dividend yield is 4.89%. Essential Properties Realty paid $233.9 million in dividends in fiscal 2025 ($1.16 per share), a payout ratio of 92.5%.
What is Essential Properties Realty's free cash flow yield?
Essential Properties Realty generated $381.1 million of free cash flow in fiscal 2025, a free cash flow yield of 6.4% on its market value at year-end ($6.0 billion).
What is Essential Properties Realty's current ratio?
Essential Properties Realty's current ratio was 6.13 at the end of fiscal 2025: current assets were 6.13 times current liabilities.