EPRT at a glance
ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT, SEC CIK 1728951) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on September 16, 2026 and Form 4 insider filings as recently as September 16, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) reported revenue of $561.2 million (up 24.8% from FY2024) and net income of $253.0 million. Diluted EPS was $1.28.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) shares worth $4.9 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Jenkins Robert M on July 24, 2026 of 22,000 shares at $32.22 per share.
- In the last 90 days, EPRT insiders reported 0 open-market purchases ($0) and 1 open-market sale ($709K) on Form 4, a net sale of $709K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $561.2M
- +24.8% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$709K
- 13F holders
- 32 funds
- $4.9B · +0 vs prior quarter
- Latest 8-K
- Sep 16, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Acquires, owns, manages single-tenant, net leased properties to middle-market service and experience-based companies
- New emphasis: Increased investment in sale-leaseback and master lease structures, 95% and 73% weighted by annualized base rent respectively in 2025
- Strategic shift: Focus on smaller, low basis single-tenant properties, average investment $3.1M, enhancing portfolio diversification and liquidity
- Notable metric: Portfolio growth to 2,300 properties, $555M annualized base rent, 99.7% occupancy, leases average 14.4 years remaining
- Distinctive fact: 2025 investments total $1.3B, highest to date, supported by $1.4B liquidity including $1B revolver availability and forward equity sales
Risk Factors
- Regulatory risk from REIT qualification requirements under U.S. tax code, needing 90% distribution of taxable income, limiting retained earnings use
- Geographic concentration risk with 99.7% portfolio occupancy in 48 U.S. states, exposure to U.S. economic downturns affecting middle-market service tenants
- Operational risk from $114.5 million unfunded tenant construction financing commitments due by December 31, 2026
- Market disruption risk from competition with other net-leased single-tenant real estate investors offering varied lease terms and cap rates around 7.7%-8.1%
- Financial risk from $2.53 billion fixed-rate debt outstanding with weighted average maturity of 4.2 years and covenants limiting distributions and additional leverage
Management Discussion & Analysis
- Total revenues $561.2M, up 24.8% YoY ($111.6M increase), driven by rental revenue growth of $101.8M (23.9%)
- Operating income $359.9M vs $278.2M, net income attributable to stockholders $253.0M vs $203.0M, net margin approx. 45.1% vs 45.2%
- Best segment: Rental revenue $527.5M up $101.8M (23.9%), worst expense growth: Depreciation $153.6M up $31.4M (25.7%)
- Net debt $2.46B vs $2.09B, Total debt $2.53B up $0.4B, cash $60.2M up from $40.7M; no specific buybacks/dividends/capex disclosed
- Forward outlook risks: rising interest expense up 37.6% ($29.5M), driven by increased debt and rates, portfolio growth with 2,142 properties up from 1,947
AI summary of the EPRT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Investment activity $332.435M, down from $334.041M YoY, across 36 transactions and 103 properties
- Cash cap rate 7.8% vs 7.9% YoY; GAAP cap rate 9.1% vs 9.7%
- Rent coverage ratio 2.9x vs 3.4x YoY, the weakest quarterly investment metric
- Disposition volume $54.258M vs $46.193M YoY, including 15 leased and 2 vacant properties
- Portfolio annualized base rent $604.9M, occupancy 99.6%, with 97.1% of leases carrying 1.9% annual escalators
Risk Factors
- New tax-protection risk triggered by property acquisitions involving OP Units and contributor agreements
- Operational flexibility constrained by restrictions on selling protected properties or repaying allocated indebtedness
- Tax indemnification payments could materially reduce cash flows and distributions to stockholders
- Regulatory and compliance risks unchanged from the December 31, 2025 10-K
AI summary of the EPRT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- 2025 Corporate Responsibility Report published September 16, 2026 under Regulation FD
- Report covers EPRT’s corporate responsibility activities and disclosures for 2025
Item 1.01: Entry into a Material Definitive Agreement
- Revolving credit commitments increased 30% from $1.0 billion to $1.3 billion, expanding liquidity capacity
- Lower pricing grid reduces borrowing costs on the revolving facility and term loans
Item 7.01: Regulation FD Disclosure
- Investor presentation released September 14, 2026 for use in recurring meetings with investors
- Presentation attached as Exhibit 99.1, potentially containing updated operating or strategic information
AI summaries of EPRT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for EPRT
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- Fund moves. Which tracked funds opened, added or cut EPRT, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Vachris Craig J | A | Sep 15, 2026 | 67,476 | - |
| Salisbury Robert Webb | A | Sep 9, 2026 | 67,476 | - |
| Jenkins Robert M | A | Sep 9, 2026 | 67,476 | - |
| Jenkins Robert M | Sell | Jul 24, 2026 | 22,000 | $32.22 |
| Peil A Joseph | A | Jul 14, 2026 | 176 | - |
| Mavoides Peter M. | A | Jul 14, 2026 | 852 | - |
| Earnshaw Timothy J | A | Jul 14, 2026 | 95 | - |
| Jenkins Robert M | A | Jul 14, 2026 | 176 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $359.6M | $449.6M | $561.2M |
| Operating Income | $242.8M | $278.2M | $359.9M |
| Net Income | $190.7M | $203.0M | $253.0M |
| Op. Margin | 67.5% | 61.9% | 64.1% |
| Net Margin | 53.0% | 45.2% | 45.1% |
| Balance Sheet | |||
| Total Assets | - | $5.8B | $6.9B |
| Equity | $3.0B | $3.6B | $4.2B |
| ROE | 6.4% | 5.7% | 6.0% |
| Per Share | |||
| EPS | $1.24 | $1.15 | $1.28 |
| Cash Flow | |||
| Operating CF | $254.6M | $308.5M | $381.1M |
Source: XBRL data in ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate EPRT share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $4.92B |
| Q1 2026 | 32 | $4.55B |
| Q4 2025 | 30 | $3.98B |
| Q3 2025 | 33 | $3.84B |
| Q2 2025 | 31 | $4.03B |
| Q1 2025 | 29 | $2.89B |
| Q4 2024 | 25 | $2.22B |
| Q3 2024 | 21 | $1.20B |
- COHEN & STEERS, INC.+9.22M (+31%)
- BlackRock+2.37M (+6%)
- Vanguard Portfolio Management LLC+1.41M (+7%)
- Millennium Management+723.3K (+398%)
- State Street Corp+616.1K (+5%)
- Goldman Sachs Group−541.3K (-38%)
- FMR LLC (Fidelity)−423.5K (-10%)
- Two Sigma Investments−363.0K (-7%)
- Invesco Ltd−322.6K (-6%)
- JPMorgan Chase & Co−106.8K (-5%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 233 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
EPRT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 16, 2026 | - | - | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 8-K | Sep 16, 2026 | - | Analysis | - |
| 8-K | Sep 14, 2026 | - | Analysis | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 4 | Jul 28, 2026 | - | - | - |
| 8-K | Jul 24, 2026 | - | Analysis | - |
| 10-Q | Jul 22, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - |
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EPRT SEC filings: frequently asked questions
Are EPRT insiders buying or selling?
In the last 90 days, ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $708,840 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold EPRT stock?
As of June 30, 2026, the largest ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) holders among the 13F filers tracked by SignalX were BlackRock ($1.2 billion), COHEN & STEERS, INC. ($1.2 billion), Vanguard Portfolio Management LLC ($634.2 million), State Street Corp ($364.5 million), Vanguard Capital Management LLC ($290.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was EPRT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) reported revenue of $561.2 million (up 24.8% from FY2024) and net income of $253.0 million. Diluted EPS was $1.28. The figures come from the XBRL data in the 10-K.
What are the main risks in EPRT's latest 10-K?
In the 10-K filed February 11, 2026, ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) flagged: Regulatory risk from REIT qualification requirements under U.S. tax code, needing 90% distribution of taxable income, limiting retained earnings use. Geographic concentration risk with 99.7% portfolio occupancy in 48 U.S. states, exposure to U.S. economic downturns affecting middle-market service tenants. (AI summary of the Risk Factors section.)
What did EPRT report in its latest 8-K?
ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) filed an 8-K on September 16, 2026 reporting Item 7.01 (Regulation FD Disclosure). 2025 Corporate Responsibility Report published September 16, 2026 under Regulation FD.
What are the latest EPRT SEC filings?
ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) filed its latest 10-K annual report on February 11, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on September 16, 2026 and a Form 4 insider filing on September 16, 2026.
What is EPRT's SEC CIK number?
ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)'s SEC Central Index Key (CIK) is 1728951. EDGAR lists every EPRT filing under that number.
Ask anything about EPRT
The research agent reads EPRT's filings, financials, insider trades and 13F holders, then answers with sources.