Equity Profile

EPRT

Essential Properties Realty Trust, Inc.

Real EstateDiversified REITs$6.7B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Essential Properties Realty Trust, Inc. (EPRT) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to single tenants....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its property portfolio and increase rental income.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EPRT Q2-2026 Earnings Preview

Context

Company Snapshot

Essential Properties Realty Trust, Inc. (EPRT) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to single tenants. With a market cap of $7 billion, EPRT plays a significant role in the diversified REIT sector, which is influenced by trends in consumer spending and the overall health of the retail market.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.84%

Avg Stock Reaction

-1.16%

Last Quarter Recap

In Q1-2026, EPRT reported an EPS of $0.54, surpassing estimates by nearly 15%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for EPRT's upcoming earnings are mixed, with investors keenly watching for any signs of continued profitability and revenue growth.

Bull Case

The optimistic view hinges on strong occupancy rates and further revenue growth, suggesting that EPRT is effectively managing its properties and expanding its portfolio.

Bear Case

On the pessimistic side, any signs of declining occupancy or weak revenue growth could raise concerns about the company's ability to maintain profitability in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate across EPRT's properties?

Occupancy rates are critical for understanding revenue stability and the company's ability to generate income from its properties.

How does EPRT plan to manage its property portfolio in the current economic climate?

Management's strategy for navigating economic challenges will be crucial for investor confidence and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating EPRT's ability to maintain high occupancy rates despite economic pressures, which could lead to stronger-than-expected revenue.

Supporting Evidence

EPRT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that investors anticipate volatility based on upcoming results.

Key Risk

If occupancy rates come in below 90%, it could challenge the bullish narrative surrounding EPRT's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around the company's ability to maintain high occupancy rates amidst changing market conditions.

Bull Confirmed If

A reported occupancy rate above 95% would confirm strong demand for EPRT's properties.

Bear Confirmed If

An occupancy rate below 90% would raise significant concerns about revenue stability.

Pre-Earnings Positioning

Options Market

Implied Move

±16.43%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±16.4% while EPRT has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

17.0%

Calls (100)P/C Ratio: 0.69Puts (500)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Real Estate in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If EPRT beats expectations, history suggests a potential average move of +1.21%, confirming the strength of its portfolio.

In-Line / Cautious

An in-line report with cautious commentary may lead to muted reactions, as investors weigh the implications for future growth.

Miss

If EPRT misses expectations, history suggests a potential average move of -1.16%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on occupancy rates and tenant retention strategies.
2Details on new property acquisitions or developments in the pipeline.
3Management's outlook on the retail sector and its impact on EPRT's performance.
4Insights into any changes in rental income or lease agreements.
5Comments on how the company plans to navigate economic challenges.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Essential Properties Realty Trust, Inc. (EPRT) is a real estate investment trust (REIT) that focuses on acquiring and managing properties leased to single tenants....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its expenses relative to its income.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its property portfolio and increase rental income.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EPRT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.84%

Avg Stock Reaction

-1.16%

Last Quarter Recap

In Q1-2026, EPRT reported an EPS of $0.54, surpassing estimates by nearly 15%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for EPRT's upcoming earnings are mixed, with investors keenly watching for any signs of continued profitability and revenue growth.

Bull Case

The optimistic view hinges on strong occupancy rates and further revenue growth, suggesting that EPRT is effectively managing its properties and expanding its portfolio.

Bear Case

On the pessimistic side, any signs of declining occupancy or weak revenue growth could raise concerns about the company's ability to maintain profitability in a competitive market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current occupancy rate across EPRT's properties?

Occupancy rates are critical for understanding revenue stability and the company's ability to generate income from its properties.

How does EPRT plan to manage its property portfolio in the current economic climate?

Management's strategy for navigating economic challenges will be crucial for investor confidence and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating EPRT's ability to maintain high occupancy rates despite economic pressures, which could lead to stronger-than-expected revenue.

Supporting Evidence

EPRT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that investors anticipate volatility based on upcoming results.

Key Risk

If occupancy rates come in below 90%, it could challenge the bullish narrative surrounding EPRT's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around the company's ability to maintain high occupancy rates amidst changing market conditions.

Bull Confirmed If

A reported occupancy rate above 95% would confirm strong demand for EPRT's properties.

Bear Confirmed If

An occupancy rate below 90% would raise significant concerns about revenue stability.

Pre-Earnings Positioning

Options Market

Implied Move

±16.43%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move, indicating that investors expect volatility around the earnings announcement.

Options are pricing ±16.4% while EPRT has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

17.0%

Calls (100)P/C Ratio: 0.69Puts (500)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If EPRT beats expectations, history suggests a potential average move of +1.21%, confirming the strength of its portfolio.

In-Line / Cautious

An in-line report with cautious commentary may lead to muted reactions, as investors weigh the implications for future growth.

Miss

If EPRT misses expectations, history suggests a potential average move of -1.16%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on occupancy rates and tenant retention strategies.
2Details on new property acquisitions or developments in the pipeline.
3Management's outlook on the retail sector and its impact on EPRT's performance.
4Insights into any changes in rental income or lease agreements.
5Comments on how the company plans to navigate economic challenges.