How profitable is Essential Properties Realty Trust Inc. (EPRT)?

In FY 2025 (10-K), EPRT converted $561.2M of revenue into a 52% gross margin, 52% operating margin, and $355.8M in free cash flow (63.4% FCF margin).

Stock Ratings / Financials / EPRT / financials

RYN (51) OUT (58) HR (54) VNO (70) ⌘ Pro Terminal →

Essential Properties Realty Trust Inc. (EPRT) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$27.38 +2.36% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $27.44

Essential Properties Realty Trust Inc. (EPRT) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C • HOLD / WATCH Cap $6.03B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on EPRT Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is EPRT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Essential Properties Realty Trust Inc. (NYSE: EPRT) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $27.38 (+2.36% 1D, market cap $6.03B). Pillar breakdown: Fundamental Cash Engine 14/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, EPRT ranks #297 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does EPRT compare to RYN and OUT in the Financials sector?

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Within the Financials sector (Real Estate Investment Trusts), EPRT carries a Roarable C (63/100 RQD), trailing P/E of 23.3x, gross margin of —, and ROIC of 5.4%. By comparison, RYN (Rayonier Inc.) holds a D grade (51/100 RQD, P/E 12.0x, ROIC 3.0%, cap $6.00B) and OUT (OUTFRONT Media Inc.) posts a D+ grade (58/100 RQD, P/E 39.0x, ROIC 7.3%, cap $5.66B). Among the 5-stock peer group, VNO leads on earnings multiple (7.0x) while VNO leads on capital efficiency (10.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for EPRT?

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Per EPRT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001728951), Essential Properties Realty Trust Inc. generated $561.2M in revenue (+24.8% YoY), $253.0M in net income, and $355.8M in free cash flow against $6.86B in total assets and $1.19B in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $27.44 (+0.23%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 14/20 (B-) • 63.4% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

2-of-3 Quant Analysts Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw C · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+2.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for EPRT)Realized 20D OHLCV Swing Band: ±4.5%

Deterministic 5-Pillar Attribution (63/100 Composite)

🔍 WHY EPRT SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (25% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (24% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 9/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$25.96+1.2% Next Q

Q2 (-2Q)

Grade C$26.26+1.8% Next Q

Q3 (-1Q)

Grade C$26.73+2.4% Next Q

Current

Grade C$27.38+0.9% Hist 90D α

Trajectory: C (55) → C (63)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the EPRT Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, EPRT faces multiple-compression risk if 23.3x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($27.10) or 200D SMA ($30.37) invalidates the momentum regime and cuts Target Base ($28.00) toward Bear Floor ($21.84).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $EPRT• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “EPRT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 63%NO 37%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How EPRT Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$355.8M (63.4% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $359.6M

FY24

Rev $449.6M

FY25

Rev $561.2M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$561.2M	52%	64.1%	$253.0M	$355.8M	5.3%
FY 2024	$449.6M	52%	61.9%	$203.0M	$288.3M	4.9%
FY 2023	$359.6M	52%	67.5%	$190.7M	$238.4M	9.8%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring EPRT)

✓Walkthrough of EPRT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

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EPRT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -12.19%📐 HORIZONTAL RANGE

2026-11-04O $26.75H $27.38L $26.75C $27.38VOL 3.18M

RES: $36.36SUP: $23.52SMA50: $27.10SMA200: $30.37

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

EPRT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 EPRT Butterfly Map → + Track EPRT →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

17.1%/yr Implied 5Y Growth

vs. +24.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on EPRT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for EPRT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for EPRT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (EPRT)

Financials Rank #297 of 1097 ⚔️ RYN vs EPRT Full Matrix →

1. Head-to-Head Financials Peer Comparison (EPRT vs. RYN, OUT, HR, VNO)

Industry: Real Estate Investment Trusts (172 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Essential Properties Realty Trust Inc. (EPRT) ranks #297 by composite RQD confidence (63/100, grade C) and #245 by equity capitalization ($6.03B). Within this direct 5-issuer industry benchmark cohort, VNO leads on earnings valuation at 7.0x trailing P/E, while VNO leads on capital efficiency and profitability with 10.3% ROIC and — gross margin. VNO currently holds the highest overall quantitative score in the immediate peer group at 70/100 (B-) compared with EPRT at 63/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
EPRT ACTIVE Essential Properties Realty Trust Inc.	C	63/100	23.3x	—	5.4%	+2.36%	$6.03B	Benchmark Subject
RYN Rayonier Inc.	D	51/100	12.0x	—	3.0%	+4.08%	$6.00B	/ryn-vs-eprt →
OUT OUTFRONT Media Inc.	D+	58/100	39.0x	—	7.3%	+0.47%	$5.66B	/out-vs-eprt →
HR Healthcare Realty Trust Incorporated	D+	54/100	—	—	-3.7%	+3.41%	$6.47B	/hr-vs-eprt →
VNO Vornado Realty Trust	B-	70/100	7.0x	—	10.3%	+1.22%	$6.53B	/vno-vs-eprt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001728951 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Essential Properties Realty Trust Inc. (EPRT) reported GAAP revenue of $561.2M (+24.8% vs. FY2024 revenue of $449.6M , and +56.1% cumulative change since FY2023) , GAAP net income of $253.0M, operating cash flow of $381.1M, and free cash flow of $355.8M (+23.4% YoY). On the balance sheet, EPRT closed FY2025 with $6.86B in total assets against $1.19B in total debt (Altman Z-Score: N/A, Piotroski F-Score: 9/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$561.2M	$253.0M	$381.1M	$355.8M	$6.86B	$1.19B
FY2024 (FY)	2024-12-31	$449.6M	$203.0M	$308.5M	$288.3M	$5.80B	$1.00B
FY2023 (FY)	2023-12-31	$359.6M	$190.7M	$254.6M	$238.4M	$3.24B	$757.8M

3. EPRT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is EPRT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does EPRT compare to RYN and OUT in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for EPRT?

Where is EPRT trading relative to its 50-day, 200-day, and 52-week technical levels?

EPRT last traded at $27.38 (+2.36% on volume of 3,183,677 shares), positioning the stock +1.03% above its 50-day simple moving average ($27.10) and -9.85% below its 200-day simple moving average ($30.37). Across its 52-week range of $24.62 to $34.73, EPRT sits at the 27.3% percentile with a 14-day RSI of 59.6 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.5% ($26.15 to $28.61).

Direct Sub-Reports: EPRT RQD Cockpit EPRT 12M Forecast EPRT Earnings & Move EPRT Dividends & DRIP EPRT Insiders & 13F EPRT Whale Options EPRT Profit Sankey EPRT News & Why

ROARABLE RATING BRIEF • RQD 63/100 (C) ✓ SEC XBRL & RQD VERIFIED

EPRT — Essential Properties Realty Trust Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Essential Properties Realty Trust Inc. (EPRT) earns a live Roarable RQD composite score of 63/100, corresponding to a C letter grade (Roarable Hold) at a spot price of $27.38 (+2.36% 1D, market capitalization $6.03B).

Fundamental Cash Engine (14/20): Anchored by return on invested capital (ROIC) of 5.4%, gross margin of —, operating margin of 64.1%, and free cash flow yield of 6.04%.
Whale 13F & Options Flow (7/20) + Insider Conviction (16/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (11/20) + Forensic Balance Sheet (15/20): Incorporates a 0.97x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 9/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Essential Properties Realty Trust Inc. Is a NYSE-listed issuer classified under the Financials sector and the Real Estate Investment Trusts industry. Per the market data, the company reports an operating margin of 64.1% and a net margin of 45.1%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Essential Properties Realty Trust Inc. (EPRT) reported $561.2M in annual revenue (up from $449.6M in FY2024, +24.8% YoY) and $253.0M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($359.6M revenue, $190.7M net income) through FY2025, EPRT scaled operating cash flow to $381.1M and free cash flow to $355.8M, backed by $6.86B in total assets against $1.19B in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (C • RQD 63/100): Company leadership has skin in the game with net positive insider conviction. Clean SEC annual filing review with no major hidden accounting time-bombs. With Fundamental Cash Engine at 14/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $24.62 – $34.73 52-week range.
🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 23.3x trailing P/E and 18.2x EV/EBITDA against 64.1% operating margins and a 0.97x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Real Estate Investment Trusts (Financials), EPRT carries a macro regime beta of 0.97 and gross margin of —.

Key Question #1: Can EPRT sustain or expand its 64.1% operating margin and 5.4% ROIC against Real Estate Investment Trusts peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $561.2M and free cash flow of $355.8M, how will capital allocation balance growth reinvestment against $1.19B in total debt?
Key Question #3: How sensitive is EPRT's 19.6x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 0.97x)?

EPRT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Essential Properties Realty Trust Inc. (EPRT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to EPRT Debate Forum (3) ↓

🔴 RISK WATCH Yahoo Finance • 1d ago

Essential Properties Realty Trust (EPRT) Q3 Results Lift Stock As Funding Risk Lingers

Yahoo Finance report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

Essential Properties Realty Trust: Buy-The-Dip Opportunity Ahead Of Earnings (Rating Upgrade) (NYSE:EPRT)

Seeking Alpha report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH TradingView • 2d ago

Essential Properties Realty Trust, Inc. Stock 12‑Month Price Target Cut to $33.61, Implies 28% Upside

TradingView report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE GuruFocus • 2d ago

Essential Properties Realty Trust (EPRT) Shares Rise 3.62% After Mixed Q3 Results

GuruFocus report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST The Globe and Mail • 2d ago

Essential Properties Realty Raises 2026 AFFO Guidance

The Globe and Mail report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Investing.com • 2d ago

Stifel cuts Essential Properties stock price target on earnings miss

Investing.com report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 2d ago

3 US REIT Stocks That Could Benefit From Higher Interest Rates

Yahoo Finance report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 2d ago

Essential Properties: Caught In The Interest Rate Storm (Upgrade) (NYSE:EPRT)

Seeking Alpha report covering Essential Properties Realty Trust Inc. (EPRT) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

EPRT Bull vs. Bear Conversation Board — What's Your Call at $27.38?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON EPRT 🐻 33% BEARISH CONVICTION

BR BreakoutHunter RQD DEBATE OPENER • Swing & Catalyst Trader 🐂 BULLISH 🎯 Target: $33.17 (+24.0%)

📌 Pinned Debate

Revenue, operating income, and free cash flow grew across FY 2023–FY 2025 while the company raised 2026 AFFO guidance, per the SEC fina

Here is why I am bullish on EPRT here at $26.75: Revenue, operating income, and free cash flow grew across FY 2023–FY 2025 while the company raised 2026 AFFO guidance, per the SEC financials and news wire.. Compare EPRT's 64.1% operating margin and 5.4% ROIC against the rest of Real Estate Investment Trusts. As long as cash conversion holds up, dips toward $25.41 are getting bought.

RetailWhale_TX 🐂 BULL

@BearTrap_Alert Shorting a 7/20 institutional whale-flow stock at $26.75 is dangerous when funds are rotating into Financials.

BE BearTrap_Alert RQD DEBATE OPENER • Cycle Peak Watcher 🐻 BEARISH 🎯 Target: $22.47 (-16.0%)

Spot @ $26.75

Trailing P/E of 23.3 and EV/EBITDA of 18.2 sit against a 5.4% ROIC, and one analyst cut its price target on an earnings miss.

I respect the product at Essential Properties Realty Trust Inc., but the stock at $26.75 is a different story. Trailing P/E of 23.3 and EV/EBITDA of 18.2 sit against a 5.4% ROIC, and one analyst cut its price target on an earnings miss.. FCF yield is 6.04% and RQD sits at 63/100 (C) — why pay up here when you can wait for next quarter's numbers?