Filing Flows › Essential Properties Realty Trust (EPRT) › Q2 2026
Essential Properties Realty Trust (EPRT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
Essential Properties Realty Trust (EPRT) reported revenue of $162M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +2% from the quarter before. Operating margin was 64.5%, net earnings $74.3M (45.9% of revenue).
Essential Properties Realty Trust, Q2 2026: revenue $162M (+18% year over year), operating margin 64.5%, net earnings $74.3M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | +2% | +18% |
| Operating profit | $104M | +16% | +19% |
| Net earnings | $74.3M | +24% | +18% |
| Operating cash flow | $110M | +10% | +10% |
What changed
Revenue was $161.9M in Q2 2026, up 18% year over year and up 2% from the previous quarter.
Operating profit was $104.4M, a 64.5% margin (up 0.4 points year over year). Of the extra revenue versus Q2 2025, 67% reached operating profit, above the 64% margin then. Total costs grew 17% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $74.3M, up 18% year over year. The effective tax rate was 0.8%.
Operating cash flow was $110.2M (up 10% year over year), 148% of net earnings. Non-cash charges added back $43.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $236.8M exceeded it, leaving free cash flow of −$126.6M.
Questions
What was Essential Properties Realty Trust's revenue in the second quarter 2026?
Essential Properties Realty Trust (EPRT) reported revenue of $162M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +2% from the quarter before.
Was Essential Properties Realty Trust profitable in the second quarter 2026?
Operating profit was $104M (64.5% of revenue) and net earnings $74.3M.
Source: Essential Properties Realty Trust 10-Q on SEC EDGAR.