Essential Properties Realty Trust, Inc. (EPRT) Q1 2026 Earnings Call Transcript
Essential Properties Realty Trust, Inc. (EPRT) Q1 2026 Earnings Call Transcript
EPRT - Essential Properties Realty Trust, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$36.64
DETAILS
HIGH:
$40.00
LOW:
$34.00
MEDIAN:
$36.50
CONSENSUS:
$36.64
UPSIDE:
16.95%
Stock News
Essential Properties Realty Trust Q1 Earnings: Letting Fundamentals Catch Up To The Valuation
EPRT has delivered sector-leading growth, with Q1 revenue up 23% and AFFO per share up 11%. EPRT's aggressive external growth, funded by equity issuance, has led to a low leverage ratio but limits near-term share price upside. Trading at 15.8x AFFO, EPRT's premium valuation reflects past outperformance, but future upside appears constrained as growth tailwinds fade.
Essential Properties (EPRT) Tops Q1 FFO and Revenue Estimates
Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.5 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.45 per share a year ago.
Essential Properties Announces First Quarter 2026 Results
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) today announced operating results for the three months ended March 31, 2026. First Quarter 2026 Financial and Operating Highlights: Operating Results (compared to First Quarter 2025): • Investments (126 properties) $ Invested $388.6 million Weighted Avg Cash Cap Rate 7.7% • Dispositions (6 properties) Net Proceeds $10.2 million Weighted Avg Cash Cap Rate 6.9% •.
Asset Management One Co. Ltd. Reduces Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT
Asset Management One Co. Ltd. lessened its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE: EPRT) by 5.9% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,741 shares of the company's stock after selling
I Never Knew My First Develop Deal Would Lead To A $231 Billion Marketplace
Realty Income and VICI Properties are highlighted as top net lease REITs with wide moats and attractive valuations. Net lease REITs benefit from long-term, predictable cash flows and cost-of-capital advantages, especially those with access to European debt markets. O trades at 15.1x P/AFFO (below its historical 17.7x), offers a 5.0% yield, and is forecasted for a 15% 12-month total return.
B&I Capital AG Acquires 26,700 Shares of Essential Properties Realty Trust, Inc. $EPRT
B&I Capital AG grew its holdings in Essential Properties Realty Trust, Inc. (NYSE: EPRT) by 11.8% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 253,484 shares of the company's stock after acquiring an additional 26,700 shares during the period. Essential
Income On Sale: 2 Discounted REITs Delivering Reliable Income With Double-Digit Upside Potential
VICI Properties and Essential Properties Realty Trust offer attractive yields and are positioned for reliable income and potential double-digit total returns. VICI trades at a 6.40% forward yield, maintains a solid balance sheet, and is diversifying beyond Las Vegas, despite tenant concentration risks with Caesars Entertainment. EPRT, with a 3.81% forward yield and 8.6% AFFO growth, boasts strong occupancy, long lease terms, and low leverage, though its focus on non-rated tenants poses recession risk.
My Dividend Growth Income: March 2026 Update
I achieved a record $912.86 in monthly dividends and added $308.68 in forward income, reaching $6,883.46 in annual projected dividends. New capital contributions and purchases, particularly in SPYI and ADC, drove forward income growth this month. My portfolio yield on cost stands at 4.83% versus a current yield of 3.77%, reflecting disciplined accumulation and reinvestment.
Essential Properties: Buy-The-Dip Opportunity
Essential Properties Realty Trust offers a compelling entry point after a recent price dip, trading at a forward P/FFO of 14.2 and yielding 4%. EPRT's relationship-driven acquisition model and focus on middle-market, service-oriented properties have delivered outsized total returns and robust AFFO growth. Strong balance sheet with BBB-/BBB ratings and a conservative 59% payout ratio support continued dividend growth and reinvestment.
Don't Put All Your REIT Eggs In One Basket
REITs deserve a larger allocation today, driven by attractive valuations, structural demand, and reliable income across diverse sectors. Data center REITs like Equinix, Digital Realty, and Iron Mountain benefit from AI and cloud-driven demand, with strong growth and supply scarcity. Industrial REITs such as Prologis, EastGroup, and STAG Industrial offer structural growth, with EastGroup favored for its Sunbelt focus and robust internal growth.
Essential Properties Realty Trust, Inc. to Report First Quarter 2026 Results on April 22, 2026
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) announced today that the Company will release its operating results for the quarter ended March 31, 2026 after the market close on Wednesday, April 22, 2026. The Company will host its quarterly earnings conference call and audio webcast on Thursday, April 23, 2026, at 10:00 a.m. Eastern Time. A webcast of the conference call will be available on the Investor Relations.
What Active REIT Managers Bought And Sold In Q4 2025
Top REIT investors are quietly repositioning their portfolios, revealing where the “smart money” sees opportunity. Several clear sector themes are emerging from recent 13F filings. But the biggest surprise may be how much top managers disagree on certain REITs.
A Crude Awakening
U.S. equities slid to four-month lows as the escalating Iran war rattled markets, sending oil to three-year highs and interest rates higher amid tanker attacks, shipping disruptions, and intensifying strikes. Brent Crude jumped above $100 as attacks on shipping in the Strait of Hormuz and tanker explosions threatened global oil flows, fueling inflation fears and keeping investors on edge. The White House deployed emergency supply measures—including Russian crude purchases and potential strategic reserve releases—but markets remain skeptical they can offset disruptions to global energy flows.
Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Victory Capital Management Inc.
Victory Capital Management Inc. cut its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE: EPRT) by 22.3% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 915,083 shares of the company's stock after selling 262,054 shares during the
Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.31 per Share for the First Quarter of 2026
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of common stock for the first quarter of 2026. On an annualized basis, the first quarter 2026 dividend of $0.31 equals $1.24 per share of common stock. The dividend is payable on April 14, 2026, to stockholders of record as of the close of business on March 31, 2026. About Essential Properties Real.
Essential Properties Realty Trust, Inc. $EPRT Shares Acquired by Barclays PLC
Barclays PLC lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE: EPRT) by 168.5% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,212,137 shares of the company's stock after purchasing an additional 1,388,289 shares during
What Makes REITs So Rewarding
REITs have struggled recently, but long term, they have outperformed. Returns are driven by cash flow and growth, as seen with Essential Properties Realty Trust. Today's low valuations may be the real opportunity.
Essential Properties Realty Trust (NYSE:EPRT) Reaches New 1-Year High After Analyst Upgrade
Shares of Essential Properties Realty Trust, Inc. (NYSE: EPRT - Get Free Report) reached a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from $34.00 to $35.00. Scotiabank currently has a sector perform rating on the stock. Essential Properties Realty Trust traded as high as $34.41 and
Rates Down, REITs Up! It's Opportunity Cost
Net lease REITs like Realty Income, NNN, Agree Realty, and W. P. Carey are rebounding as falling treasury yields drive capital back to stable, long-duration assets. The sector's rally is fueled by a flight to safety amid turmoil in private credit and software, with REITs outperforming equity indices year-to-date. With weighted average lease terms of 10+ years, net lease REITs act as long-duration credit portfolios, highly sensitive to treasury yield movements.
Price Targets
Essential Properties Realty Trust price target lowered to $34 from $37 at Mizuho
$34.00
(was $31.27)
Mizuho Securities
Essential Properties Realty Trust price target raised to $36.50 from $36 at Stifel
$36.50
(was $32.17)
Simon Yarmak
·
Stifel Nicolaus
Essential Properties Realty Trust price target raised to $40 from $37 at Barclays
$40.00
(was $33.30)
Barclays
Essential Properties Realty Trust (EPRT) PT Raised to $37 at Truist Securities
$37.00
(was $34.16)
Ki Bin Kim
·
Truist Financial
Essential Properties Realty Trust price target raised to $40 from $38 at UBS
$40.00
(was $34.16)
UBS
Essential Properties price target raised to $37 from $36 at Barclays
$37.00
(was $29.89)
Barclays
Essential Properties Realty Trust price target raised to $33 from $32 at Mizuho
$33.00
(was $30.47)
Mizuho Securities
Essential Properties Realty Trust price target lowered to $35 from $36 at Evercore ISI
$35.00
(was $30.68)
Evercore ISI
Essential Properties Realty price target raised to $34 from $33 at Scotiabank
$34.00
(was $31.82)
Nicholas Yulico
·
Scotiabank
Essential Properties Realty Trust price target raised to $36 from $35 at Cantor Fitzgerald
$36.00
(was $31.00)
Cantor Fitzgerald
Essential Properties Realty Trust price target raised to $36 from $35.50 at Stifel
$36.00
(was $31.25)
Simon Yarmak
·
Stifel Nicolaus
Essential Properties Realty Trust initiated with a Buy at Berenberg
$36.00
(was $29.20)
Berenberg Bank
Essential Properties Realty Trust initiated with an Overweight at Cantor Fitzgerald
$35.00
(was $29.76)
Cantor Fitzgerald
Essential Properties Realty Trust upgraded to Outperform from In Line at Evercore ISI
$36.00
(was $29.92)
James Kammert
·
Evercore ISI
Essential Properties Realty Trust price target raised to $32 from $30 at Scotiabank
$32.00
(was $32.62)
Greg McGinniss
·
Scotiabank
Essential Properties Realty Trust price target raised to $36 from $33 at Truist
$36.00
(was $32.59)
Ki Bin Kim
·
Truist Financial
Essential Properties Realty Trust asumed with an Overweight at Wells Fargo
$37.00
(was $34.15)
John Kilichowski
·
Wells Fargo
Essential Properties price target raised to $34 from $33 at Evercore ISI
$34.00
(was $32.91)
James Kammert
·
Evercore ISI
Essential Properties Realty Trust initiated with an Outperform at Wedbush
$34.00
(was $29.93)
Jay Kornreich
·
Wedbush
Goldman Sachs Starts Essential Properties Realty Trust (EPRT) at Buy
$33.00
(was $27.58)
Caitlin Burrows
·
Goldman Sachs