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Essential Properties Realty Trust Inc
NYSE:EPRT

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Essential Properties Realty Trust Inc Logo
Essential Properties Realty Trust Inc
NYSE:EPRT
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Price: 26.66 USD 0.49% Market Closed
Updated: Mar 29, 2024

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%.

Key Points:
EPRT Intrinsic Value
Base Case
27.7 USD
Undervaluation 4%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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 Posts Strong 2023 Finish

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

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.

Positive Gross Profit
Positive Operating Income
Positive Net Income
Exceptional 3-Years Revenue Growth
56/100
Profitability
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.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
42/100
Solvency
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

Wall Street analysts forecast EPRT stock price to rise over the next 12 months.

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.

Lowest
Price Target
25.25 USD
5% Downside
Average
Price Target
28.21 USD
6% Upside
Highest
Price Target
32.55 USD
22% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

EPRT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

EPRT Price
Essential Properties Realty Trust Inc

1M 1M
+12%
6M 6M
+23%
1Y 1Y
+12%
3Y 3Y
+27%
5Y 5Y
+64%
10Y 10Y
+145%
Annual Price Range
26.66
52w Low
20.49
52w High
26.66
Price Metrics
Average Annual Return 11.84%
Standard Deviation of Annual Returns 31.33%
Max Drawdown -74%
Shares Statistics
Market Capitalization 4.4B USD
Shares Outstanding 169 400 000
Percentage of Shares Shorted 6.23%

EPRT Return Decomposition
Main factors of price return

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Company Profile

Essential Properties Realty Trust Inc Logo
Essential Properties Realty Trust Inc

Country

United States of America

Industry

Real Estate

Market Cap

4.4B USD

Dividend Yield

4.3%

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

NEW JERSEY
Princeton
902 Carnegie Center Blvd., Suite 520
+16094360619.0
https://essentialproperties.com/

IPO

2018-06-21

Employees

37

Officers

President, CEO & Director
Mr. Peter M. Mavoides
Executive VP, CFO, Treasurer & Secretary
Mr. Mark E. Patten
Senior VP & Chief Accounting Officer
Mr. Timothy J. Earnshaw
Senior Vice President of Real Estate Counsel
Ms. Kristin M. Walker J.D.
Senior VP & Head of Capital Markets
Mr. Robert W. Salisbury C.F.A.

See Also

Discover More
What is the Intrinsic Value of one EPRT stock?

The intrinsic value of one EPRT stock under the Base Case scenario is 27.7 USD.

Is EPRT stock undervalued or overvalued?

Compared to the current market price of 26.66 USD, Essential Properties Realty Trust Inc is Undervalued by 4%.