Essential Properties Realty TRUST, Inc. (EPRT) intrinsic value & 10-year financials
Essential Properties Realty TRUST, Inc. (EPRT) has a Graham intrinsic value of $37.08 per share. At $26.09 on Oct 17, 2026, the stock trades 30% below that value. Over the last 10 fiscal years revenue grew 33.9% a year to $561.2M, with an average return on invested capital of 4.5%.
- Graham intrinsic value
- $37.08
- Share price (Oct 17, 2026)
- $26.09
- Price vs Graham value
- 30% below
- Market cap
- $5.2B
- Revenue (FY2025)
- $561.2M
- Revenue growth (10-yr CAGR)
- 33.9%
- ROIC (10-yr avg)
- 4.5%
- Free cash flow (FY2025)
- —
EPRT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $561.2M | $253.0M | $1.28 | — | 64.1% | 5.8% |
| FY2024 | $449.6M | $203.0M | $1.15 | — | 61.9% | 5.4% |
| FY2023 | $359.6M | $190.7M | $1.24 | — | 67.5% | 5.7% |
| FY2022 | $286.5M | $134.1M | $0.99 | — | 61.2% | 5.0% |
| FY2021 | $230.2M | $95.7M | $0.82 | — | 58.4% | 4.9% |
| FY2020 | $164.0M | $42.3M | $0.44 | — | 44.4% | 3.8% |
| FY2019 | $139.4M | $41.8M | $0.63 | — | 37.9% | 4.2% |
| FY2018 | $96.2M | $15.6M | — | $44.2M | 20.7% | 1.8% |
| FY2017 | $54.4M | $6.3M | — | $22.4M | 11.8% | 3.5% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ESSENTIAL PROPERTIES REALTY TRUST, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
ESSENTIAL PROPERTIES REALTY TRUST, INC. has historically struggled to out-earn its cost of capital, averaging just 4.6% ROIC.
ESSENTIAL PROPERTIES REALTY TRUST, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ESSENTIAL PROPERTIES REALTY TRUST, INC. is modeled at 12.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $37.08 per share.