# Essential Properties Realty Trust, Inc.: overview

EPRT · NYSE · CIK 1728951 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/eprt.md) · [Financials](/companies/eprt/financials.md) · [Filings](/companies/eprt/filings.md) · [Insiders](/companies/eprt/insiders.md)

Latest reported revenue: [$168.7m](/filings/0001728951-26-000071.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 21, 2026 (XBRL us-gaap:Revenues, accession 0001728951-26-000071).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [120 d](/filings/0001728951-26-000008.md) | [129](/filings/0001728951-26-000029.md) | [137](/filings/0001728951-26-000052.md) | [145](/filings/0001728951-26-000071.md) | [150 d](/filings/0001728951-26-000008.md) | [159](/filings/0001728951-26-000029.md) | [162](/filings/0001728951-26-000052.md) | [169](/filings/0001728951-26-000071.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [66.1% d](/filings/0001728951-26-000008.md) | [61.6%](/filings/0001728951-26-000029.md) | [64.1%](/filings/0001728951-26-000052.md) | [64.7%](/filings/0001728951-26-000071.md) | [65.9% d](/filings/0001728951-26-000008.md) | [56.5%](/filings/0001728951-26-000029.md) | [64.5%](/filings/0001728951-26-000052.md) | [56.0%](/filings/0001728951-26-000071.md) |
| Net margin | % | [46.3% d](/filings/0001728951-26-000008.md) | [43.4%](/filings/0001728951-26-000029.md) | [46.1%](/filings/0001728951-26-000052.md) | [45.3%](/filings/0001728951-26-000071.md) | [45.4% d](/filings/0001728951-26-000008.md) | [37.7%](/filings/0001728951-26-000029.md) | [45.9%](/filings/0001728951-26-000052.md) | [35.7%](/filings/0001728951-26-000071.md) |
| Diluted EPS | $ per share | not reported | [0.29](/filings/0001728951-26-000029.md) | [0.32](/filings/0001728951-26-000052.md) | [0.33](/filings/0001728951-26-000071.md) | not reported | [0.28](/filings/0001728951-26-000029.md) | [0.34](/filings/0001728951-26-000052.md) | [0.27](/filings/0001728951-26-000071.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [230](/filings/0001728951-24-000026.md) | [287](/filings/0001728951-25-000031.md) | [360](/filings/0001728951-26-000008.md) | [450](/filings/0001728951-26-000008.md) | [561](/filings/0001728951-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [58.4%](/filings/0001728951-24-000026.md) | [61.2%](/filings/0001728951-25-000031.md) | [67.5%](/filings/0001728951-26-000008.md) | [61.9%](/filings/0001728951-26-000008.md) | [64.1%](/filings/0001728951-26-000008.md) |
| Net margin | % | [41.6%](/filings/0001728951-24-000026.md) | [46.8%](/filings/0001728951-25-000031.md) | [53.0%](/filings/0001728951-26-000008.md) | [45.2%](/filings/0001728951-26-000008.md) | [45.1%](/filings/0001728951-26-000008.md) |
| Diluted EPS | $ per share | [0.82](/filings/0001728951-24-000026.md) | [0.99](/filings/0001728951-25-000031.md) | [1.24](/filings/0001728951-26-000008.md) | [1.15](/filings/0001728951-26-000008.md) | [1.28](/filings/0001728951-26-000008.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/eprt/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.18bn | 39,636,617 |  | Added +2,370,798 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $634.2m | 21,247,170 |  | Added +1,407,338 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $364.5m | 12,083,687 |  | Added +616,120 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $290.5m | 9,730,422 |  | Added +373,882 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $186.3m | 6,240,518 |  | Added +673,121 |
| [MASSACHUSETTS FINANCIAL SERVICES CO /MA/](/funds/912938.md) | 2026-06-30 | $166.7m | 5,430,505 |  | Added +433,831 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $159.7m | 5,351,515 |  | Reduced −322,599 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $159.3m | 5,335,415 |  | Reduced −2,952,976 |
| [Daiwa Securities Group Inc.](/funds/1481045.md) | 2026-06-30 | $154.9m | 5,189,719 |  | Reduced −93,389 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $144.0m | 4,822,946 |  | Reduced −363,042 |

## Recent filings

[All 663 filings](/companies/eprt/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 20:58 ET | [10-Q](/filings/0001728951-26-000071.md) | Quarterly report, period 2026-09-30 | 0001728951-26-000071 |
| 2026-10-21 | 20:44 ET | [8-K](/filings/0001728951-26-000069.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728951-26-000069 |
| 2026-09-16 | 21:15 ET | [8-K](/filings/0001728951-26-000066.md) | 1.01 Entry into a material agreement; 1.02 Termination of a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001728951-26-000066 |
| 2026-09-16 | 20:36 ET | [8-K](/filings/0001728951-26-000064.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728951-26-000064 |
| 2026-09-14 | 12:07 ET | [8-K](/filings/0001728951-26-000059.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728951-26-000059 |
| 2026-09-09 | 20:17 ET | [8-K](/filings/0001728951-26-000057.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728951-26-000057 |
| 2026-09-08 | 20:20 ET | [8-K](/filings/0001728951-26-000054.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001728951-26-000054 |
| 2026-07-24 | 20:38 ET | [8-K](/filings/0001628280-26-049625.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-049625 |
| 2026-07-22 | 20:47 ET | [10-Q](/filings/0001728951-26-000052.md) | Quarterly report, period 2026-06-30 | 0001728951-26-000052 |
| 2026-07-22 | 20:16 ET | [8-K](/filings/0001728951-26-000049.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001728951-26-000049 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001728951-26-000008.md), filed Feb 11, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1728951
- Tickers: EPRT
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:46 ET. No prices; not investment advice.