Added to YB: 2026-07-28
Pitch date: 2026-07-26
EPRT [bullish]
Essential Properties Realty Trust, Inc.
-0.41%
current return
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses.
Market Cap
$7.0B
Pitch Price
$32.06
Price Target
N/A
Dividend
3.96%
EV/EBITDA
17.39
P/E
25.15
EV/Sales
15.98
Sector
Diversified REITs
Category
growth
Essential Properties Realty Trust, Inc. - $EPRT
EPRT: Internally-managed net-lease REIT, best growth in sector via internally-originated sale-leasebacks to middle-market service tenants (3.5x unit coverage, 99% unit reporting). 7-8% AFFO/share growth, ~14.8x P/2026 AFFO, 4.3% yield, 3.5x net debt/EBITDA. Premium justified but unforgiving; add on weakness to low-$30s, trim into expansion. Bear: recession tests untested BB tenant base, reflexive flywheel reverses.
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