EPRT - NYSE

Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc.

EPRTยทNYSE

$29.71

-0.87%
Real EstateREIT - Diversified

Essential Properties Realty Trust, Inc., a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$6.42B
EPS1.2900
P/E Ratio23.03
Earnings Date07/22/2026
Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc. Fair Value Envelope

EPRT ยท NYSE

Our analysis suggests that EPRT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.71, this represents a potential HIDDEN relative to our calculated worth for Essential Properties Realty Trust, Inc..

HIDDEN
Intrinsic Value
Current Price: $29.71

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$33.4B
+ Cash & Equivalents$60.2M
Firm Value$33.5B
- Debt$2.5B
Equity Value$31.0B
/ Shares Outstanding198,144,552B
DCF Value$156
UNDERVALUED BY 426%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$470.8M
$581.5M
$718.4M
$887.5M
$1.1B
$1.4B
$1.7B
$2.1B
$2.6B
$3.2B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$470.8M
$581.5M
$718.4M
$887.5M
$1.1B
$1.4B
$1.7B
$2.1B
$2.6B
$3.2B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$435.9M
$498.6M
$570.3M
$652.3M
$746.1M
$853.4M
$976.2M
$1.1B
$1.3B
$1.5B
Terminal Value represents 74.3% of Enterprise Value

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