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Essential Properties Realty Trust vs Ares Real Estate Income Trust: EPRT and ZARE compared
Essential Properties Realty Trust is the larger company: $169M of revenue in its latest quarter (Q3 2026) against $151M for Ares Real Estate Income Trust (Q2 2026). Ares Real Estate Income Trust is growing faster (+28% against +16% a year earlier). Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 56.0%.
Where the money goes: EPRT and ZARE
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.
Ares Real Estate Income Trust (ZARE) · Q2 2026
Ares Real Estate Income Trust, Q2 2026: revenue $151M (+28% year over year), operating margin 70.2%, net loss $26.1M, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.
| Essential Properties Realty Trust (EPRT) | Ares Real Estate Income Trust (ZARE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $169M | $151M |
| Revenue growth, Y/Y | +16% | +28% |
| Operating margin | 56.0% | 70.2% |
| Net earnings | $60.2M | −$26.1M |
| Net margin | 35.7% | -17.3% |
| Operating cash flow | $118M | $189M |
| Free cash flow | — | $177M |
| Market value | $5.6B | — |
| P/E | 20.6× | — |
| Analysts’ mean target | $33.24 | — |
Questions
Which is bigger, Essential Properties Realty Trust or Ares Real Estate Income Trust?
Essential Properties Realty Trust is the larger company: $169M of revenue in its latest quarter (Q3 2026) against $151M for Ares Real Estate Income Trust (Q2 2026).
Is Essential Properties Realty Trust or Ares Real Estate Income Trust growing faster?
Ares Real Estate Income Trust is growing faster (+28% against +16% a year earlier).
Which is more profitable, Essential Properties Realty Trust or Ares Real Estate Income Trust?
Ares Real Estate Income Trust is more profitable, with an operating margin of 70.2% against 56.0%.
More: Essential Properties Realty Trust earnings · how Essential Properties Realty Trust makes money · Ares Real Estate Income Trust earnings · how Ares Real Estate Income Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.