Filing Flows › Essential Properties Realty Trust (EPRT) › Q3 2026
Essential Properties Realty Trust (EPRT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 21, 2026
Essential Properties Realty Trust (EPRT) reported revenue of $169M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +4% from the quarter before. Operating margin was 56.0%, net earnings $60.2M (35.7% of revenue).
Essential Properties Realty Trust, Q3 2026: revenue $169M (+16% year over year), operating margin 56.0%, net earnings $60.2M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $169M | +4% | +16% |
| Operating profit | $94.5M | -9% | +0.8% |
| Net earnings | $60.2M | -19% | -8% |
| Operating cash flow | $118M | +7% | +19% |
What changed
Revenue was $168.7M in Q3 2026, up 16% year over year and up 4% from the previous quarter.
Operating profit was $94.5M, a 56.0% margin (down 8.6 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 65% margin then. Total costs grew 45% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+47%). Net earnings were $60.2M, down 8% year over year. The effective tax rate was 0.4%.
Operating cash flow was $118.1M (up 19% year over year), 195% of net earnings. Non-cash charges added back $44.6M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $7.7M. Capital expenditures of $284.2M exceeded it, leaving free cash flow of −$166.1M.
Questions
What was Essential Properties Realty Trust's revenue in the third quarter 2026?
Essential Properties Realty Trust (EPRT) reported revenue of $169M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +4% from the quarter before.
Was Essential Properties Realty Trust profitable in the third quarter 2026?
Operating profit was $94.5M (56.0% of revenue) and net earnings $60.2M.
Source: Essential Properties Realty Trust 10-Q on SEC EDGAR.