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Essential Properties Realty Trust vs Tanger: EPRT and SKT compared
Essential Properties Realty Trust is the larger company: $169M of revenue in its latest quarter (Q3 2026) against $158M for Tanger (Q3 2026). Essential Properties Realty Trust is growing faster (+16% against +9% a year earlier). Essential Properties Realty Trust is more profitable, with an operating margin of 56.0% against 22.2%.
Where the money goes: EPRT and SKT
Essential Properties Realty Trust (EPRT) · Q3 2026
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.
Tanger (SKT) · Q3 2026
Tanger, Q3 2026: revenue $158M (+9% year over year), operating margin 22.2%, net earnings $33.6M. The chart follows the revenue to costs, profit and cash.
| Essential Properties Realty Trust (EPRT) | Tanger (SKT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $169M | $158M |
| Revenue growth, Y/Y | +16% | +9% |
| Operating margin | 56.0% | 22.2% |
| Net earnings | $60.2M | $33.6M |
| Net margin | 35.7% | 21.3% |
| Operating cash flow | $118M | — |
| Market value | $5.6B | $4.1B |
| P/E | 20.6× | — |
| Analysts’ mean target | $33.24 | $40.70 |
Where the revenue comes from
Tanger
- Rental revenue: $149M (95%)
- Other revenue: $6.3M (4%)
- Management, leasing and other services: $2.3M (1%)
Questions
Which is bigger, Essential Properties Realty Trust or Tanger?
Essential Properties Realty Trust is the larger company: $169M of revenue in its latest quarter (Q3 2026) against $158M for Tanger (Q3 2026).
Is Essential Properties Realty Trust or Tanger growing faster?
Essential Properties Realty Trust is growing faster (+16% against +9% a year earlier).
Which is more profitable, Essential Properties Realty Trust or Tanger?
Essential Properties Realty Trust is more profitable, with an operating margin of 56.0% against 22.2%.
More: Essential Properties Realty Trust earnings · how Essential Properties Realty Trust makes money · Tanger earnings · how Tanger makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 8-K filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.