Abstract
Essential Properties Realty Trust Inc. will report quarterly results on February 11, 2026 Post Market; this preview outlines consensus expectations, recent execution quality, segment composition, and how analysts’ views frame the near-term stock reaction.Market Forecast
Consensus projections for Essential Properties Realty Trust Inc. point to revenue of USD 146.36 million for the current quarter, up 22.20% year over year, with EBIT estimated at USD 90.35 million, up 25.09% year over year, and adjusted EPS estimated at USD 0.33, up 6.33% year over year. Forecasts do not provide current-quarter gross profit margin or net profit margin, but the company’s prior quarter showed strong profitability and operating leverage that could influence the reported results.The main business remains rent, which dominated last quarter’s mix and underpins this quarter’s revenue trajectory; the outlook suggests rent-led growth is likely to remain the key driver of consolidated performance given its scale and stability within the revenue stack. The most promising segment is rent, contributing USD 136.54 million last quarter; while segment-specific year-over-year growth was not disclosed, total revenue grew 23.74% year over year in the prior quarter, indicating robust expansion at the consolidated level.
Last Quarter Review
Essential Properties Realty Trust Inc. delivered last quarter revenue of USD 144.93 million, a gross profit margin of 98.67%, GAAP net profit attributable to the parent company of USD 65.62 million, a net profit margin of 45.28%, and adjusted EPS of USD 0.33, up 22.22% year over year.A notable highlight was a 3.81% quarter-on-quarter increase in GAAP net profit, reflecting efficient cost control and high incremental margins. The main business mix was led by rent at USD 136.54 million (94.21% of revenue), complemented by loan interest and direct financing lease receivables at USD 8.13 million (5.61%) and other revenues at USD 0.26 million (0.18%); total revenue advanced 23.74% year over year, and last quarter’s top line exceeded forecasts by USD 6.34 million while adjusted EPS surpassed estimates by USD 0.02.
Current Quarter Outlook
Main Business: Rent
Rent is the core engine of the company’s results and informs both revenue quality and earnings cadence. The company posted rent revenue of USD 136.54 million last quarter, representing 94.21% of total revenue, and consensus anticipates current-quarter total revenue of USD 146.36 million, a year-over-year rise of 22.20%, implying modest sequential growth relative to last quarter’s actual revenue base. The current-quarter adjusted EPS forecast of USD 0.33, up 6.33% year over year, signals continued earnings resilience even as the step-up in revenue is proportionally larger, which often indicates higher operating leverage on the income statement. Margin stability remains a central consideration, with last quarter’s gross profit margin at 98.67% and net profit margin at 45.28% underscoring efficient revenue conversion; investors will scrutinize whether cost items and any non-cash charges keep margins aligned with these levels. Execution within the rent portfolio—timing of cash receipts, straight-line rent effects, and any realized contractual rent increases—will directly influence revenue recognition, EBIT progression, and EPS delivery in the current period.Most Promising Business: Rent Scale and Recurrence
The most promising business remains rent due to its scale and recurrence, which anchor consolidated outcomes and magnify the impact of even incremental growth. With USD 136.54 million of rent last quarter and a consolidated year-over-year revenue growth of 23.74% in the prior quarter, the business demonstrated robust expansion and a capacity to translate top-line gains into strong margin performance. Consensus now anticipates total revenue of USD 146.36 million, implying the rent base should continue to be the major contributor to this quarter’s growth. The degree of rent-led uplift is pivotal for operating leverage: as rent expands, EBIT is expected to rise to USD 90.35 million, up 25.09% year over year, and adjusted EPS is projected at USD 0.33, up 6.33% year over year. Investors will parse the composition of reported rent, looking at timing differences, any one-off items, and recurring components that shape the sustainability of earnings power. While smaller lines such as loan interest and direct financing lease receivables contributed USD 8.13 million last quarter, rent remains the center of gravity for both growth and predictability.Factors Most Impacting the Stock Price This Quarter
Headline beats or misses versus the USD 146.36 million revenue and USD 0.33 adjusted EPS estimates are likely to drive initial price action, as the market has priced in double-digit year-over-year growth and expects margin durability. EBIT delivery near USD 90.35 million will be an important validation of operating leverage; any deviation will prompt closer examination of expense trends, interest costs, and non-cash items that influence EBIT-to-EPS translation. Margin direction versus last quarter’s 98.67% gross profit margin and 45.28% net profit margin is a key focal point; a stable or expanding margin footprint would support the earnings trajectory, while compression would invite questions about cost discipline or non-recurring items. The Street will also evaluate sequential performance—last quarter’s GAAP net profit grew 3.81% quarter over quarter—given the relatively small implied sequential revenue uptick, and consider whether operational efficiency offsets any near-term fluctuations. Commentary on the cadence of rent recognition and the balance between cash and non-cash revenue components will be closely watched, as these factors influence reported margins and the predictability of future earnings.Analyst Opinions
Analyst sentiment collected within the recent six-month window is decisively bullish, with 100.00% of published views positive and 0.00% negative; consensus tone frames a constructive backdrop for the print and near-term trajectory. UBS maintained a Buy rating and set a USD 38.00 price target, highlighting confidence in execution quality and earnings visibility. Truist Financial reiterated a Buy rating with a USD 35.00 price target, emphasizing consistency in results and the expectation that revenue and EPS can track or exceed current forecasts. Evercore ISI maintained a Buy rating and a USD 36.00 price target, reflecting a view that the company’s profitability and revenue composition support favorable operating leverage into the upcoming quarter. Berenberg Bank initiated coverage with a Buy rating and an affirmative stance supported by a constructive numerical framework, aligning with the broader consensus captured above.The distribution of Buy recommendations and the concentration of price targets in the USD 35.00–USD 38.00 range set clear expectations: analysts primarily anticipate successful delivery on the USD 146.36 million revenue and USD 0.33 adjusted EPS forecasts, with emphasis on maintaining last quarter’s margin profile to reinforce confidence. The revenue structure, dominated by rent, reinforces the analytical lens on stability and repeatability, which underpins the rationale for constructive ratings. In the event of variance, analysts will parse the drivers beneath top-line and EPS outcomes, with particular interest in EBIT quality relative to the USD 90.35 million estimate, given its sensitivity to both revenue mix and operating expenses. The common thread across these published views is that the company’s recent track record—beating last quarter’s revenue estimate by USD 6.34 million and surpassing adjusted EPS expectations by USD 0.02—supports the probability of meeting this quarter’s forecasts, provided margins remain near last quarter’s levels and rent continues to anchor the performance. As a result, the preponderance of Buy ratings suggests that analysts expect a constructive report with steady revenue growth, sustained profitability, and earnings aligned with consensus, which together shape the anticipated market reaction.