Essential Properties Realty Trust Inc
NYSE:EPRT
Intrinsic Value
Essential Properties Realty Trust, Inc. engages in the acquisition, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates servi... [ Read More ]
The intrinsic value of one EPRT stock under the Base Case scenario is 27.7 USD. Compared to the current market price of 26.66 USD, Essential Properties Realty Trust Inc is Undervalued by 4%.
Valuation Backtest
Essential Properties Realty Trust Inc
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Fundamental Analysis
Essential Properties Posts Strong 2023 Finish
2023-Q4 Earnings Call
Essential Properties Realty Trust wrapped up 2023 with $315 million in Q4 investments, totaling over $1 billion for the year, yielding an impressive 8% growth in AFFO per share. The company's portfolio showcased resilience amidst a volatile capital market, reflected in stellar occupancy at 99.8% and solid same-store rent growth of 1.5%. Essential's investment discipline paid off, favoring durable service-oriented operators, leading to robust unit level rent coverage of 3.8x. Their strategy in addressing all net lease investment risks, including corporate credit, unit performance, and real estate basis, fortified their property portfolio's durability. Essential maintained a proactive role as a capital provider for its tenants, leveraging their position amid strained bank funding and credit market dislocations. They concluded the year with a pro forma leverage of 4.0x and nearly $800 million in liquidity, ensuring continued capital for investment opportunities and affirming a guidance of 5% growth in AFFO per share for 2024, ranging from $1.71 to $1.75.
Balance Sheet Decomposition
Essential Properties Realty Trust Inc
Current Assets | 147.4m |
Cash & Short-Term Investments | 39.8m |
Receivables | 107.5m |
Non-Current Assets | 4.6B |
PP&E | 4.3B |
Other Non-Current Assets | 287.8m |
Current Liabilities | 78.4m |
Accounts Payable | 21.4m |
Accrued Liabilities | 9.8m |
Other Current Liabilities | 47.2m |
Non-Current Liabilities | 1.7B |
Long-Term Debt | 1.7B |
Other Non-Current Liabilities | 42.6m |
Earnings Waterfall
Essential Properties Realty Trust Inc
Revenue
|
359.6m
USD
|
Cost of Revenue
|
-4.7m
USD
|
Gross Profit
|
354.9m
USD
|
Operating Expenses
|
-132.8m
USD
|
Operating Income
|
222.1m
USD
|
Other Expenses
|
-31.8m
USD
|
Net Income
|
190.3m
USD
|
Free Cash Flow Analysis
Essential Properties Realty Trust Inc
What is Free Cash Flow?
EPRT Profitability Score
Profitability Due Diligence
Essential Properties Realty Trust Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Essential Properties Realty Trust Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
EPRT Solvency Score
Solvency Due Diligence
Essential Properties Realty Trust Inc's solvency score is 42/100. The higher the solvency score, the more solvent the company is.
Score
Essential Properties Realty Trust Inc's solvency score is 42/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
EPRT Price Targets Summary
Essential Properties Realty Trust Inc
According to Wall Street analysts, the average 1-year price target for EPRT is 28.21 USD with a low forecast of 25.25 USD and a high forecast of 32.55 USD.
Ownership
EPRT Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
EPRT Price
Essential Properties Realty Trust Inc
Average Annual Return | 11.84% |
Standard Deviation of Annual Returns | 31.33% |
Max Drawdown | -74% |
Market Capitalization | 4.4B USD |
Shares Outstanding | 169 400 000 |
Percentage of Shares Shorted | 6.23% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Essential Properties Realty Trust, Inc. engages in the acquisition, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. The company is headquartered in Princeton, New Jersey and currently employs 37 full-time employees. The company went IPO on 2018-06-21. The firm acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. The company has a diversified portfolio that focuses on properties leased to tenants in businesses, such as car washes, quick-service restaurants, early childhood education, medical and dental services, convenience stores, automotive services, equipment rental, entertainment, and health and fitness. The company has a portfolio of approximately 1,451 properties, including approximately 126 properties, which have investments in mortgage loans receivables diversified by tenant, industry, concept and geography. The firm's portfolio is occupied by approximately 311 tenants operating approximately 433 different concepts in 16 industries across 46 states of the United States.
Contact
IPO
Employees
Officers
The intrinsic value of one EPRT stock under the Base Case scenario is 27.7 USD.
Compared to the current market price of 26.66 USD, Essential Properties Realty Trust Inc is Undervalued by 4%.