SmarterDividends
EPRT

Essential Properties Realty Trust, Inc.

EPRT

Real Estate · REIT - Retail · Stock · quarterly payer

$26.09

Overvalued · -27% Add to Portfolio

Forward Yield

4.91%

Annual Dividend

$1.28

Payout Ratio

96%

5-Yr Growth

5.3%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about EPRT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Essential Properties Realty Trust, Inc. (EPRT) has a forward dividend yield of 4.91%, based on an annual dividend of $1.28 per share and a share price of $26.09.
  • As of Oct 18, 2026, EPRT's dividend safety grade from SmarterDividends is B (73 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Essential Properties Realty Trust, Inc. (EPRT) has raised its dividend for 7 consecutive years as of Oct 18, 2026.
  • EPRT has never cut its regular dividend in the payment history SmarterDividends has on record.
  • EPRT's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.32 per share.
  • As of Oct 18, 2026, EPRT pays out 96% of its trailing 12-month earnings as dividends (its payout ratio).
  • EPRT's dividend has grown at an average rate of 5.3% a year over the past five years.
  • As of Oct 18, 2026, EPRT's 4.91% yield is 18% above its five-year average yield of 4.16%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for EPRT is $19.10 per share, 27% below the $26.09 share price, so EPRT screens as overvalued.
  • Essential Properties Realty Trust, Inc. (EPRT) pays its dividend quarterly, 4 times a year.
  • Essential Properties Realty Trust, Inc. (EPRT) has raised its regular dividend 14 times and cut it 0 times across the 33 payments on record since 2018. Its most recent change was a 3.2% increase to $0.320 per share, going ex-dividend on Jun 30, 2026.
Cite this page

SmarterDividends, "EPRT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/EPRT

Summary

As of Oct 18, 2026, Essential Properties Realty Trust, Inc. (EPRT) yields 4.91% ($1.28 a year per share), has a dividend safety grade of B (73/100) and has 7 consecutive years of dividend increases on record.

Is EPRT a good dividend stock?

Yes, with caveats

Essential Properties Realty Trust, Inc. (EPRT) pays a quarterly dividend yielding 4.91% ($1.28/yr), with 7 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Never cut its dividend on record
  • Strong 5.3% 5-yr dividend growth

Risks

  • Elevated payout ratio (96%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
4.91%
Payout Ratio
96%
Annual Dividend
$1.28
5-Yr Avg Growth
5.3%
Ex-Dividend Date
Sep 30, 2026
Years of Growth
7
Frequency
quarterly
Beta
0.84
Market Cap
$5.7B
P/E Ratio
20.2
5-Yr Total Return
-3%
52-Week Range
$24.62 – $34.73
Dividend Safety
B · 73/100
Ever Cut?
No

EPRT dividend raises and cuts

Essential Properties Realty Trust, Inc. (EPRT) has raised its regular dividend 14 times and cut it 0 times across the 33 payments on record since 2018. Its most recent change was a 3.2% increase to $0.320 per share, going ex-dividend on Jun 30, 2026.

Ex-dateChangeOld → newMove
Jun 30, 2026Raise$0.310 → $0.320+3.2%
Dec 31, 2025Raise$0.300 → $0.310+3.3%
Jun 30, 2025Raise$0.295 → $0.300+1.7%
Dec 31, 2024Raise$0.290 → $0.295+1.7%
Jun 28, 2024Raise$0.285 → $0.290+1.8%
Dec 28, 2023Raise$0.280 → $0.285+1.8%
Jun 29, 2023Raise$0.275 → $0.280+1.8%
Dec 29, 2022Raise$0.270 → $0.275+1.9%
Jun 29, 2022Raise$0.260 → $0.270+3.8%
Dec 30, 2021Raise$0.250 → $0.260+4.0%
Jun 29, 2021Raise$0.240 → $0.250+4.2%
Dec 30, 2020Raise$0.230 → $0.240+4.3%
Show all 14 changes since 2019
Ex-dateChangeOld → newMove
Dec 30, 2019Raise$0.220 → $0.230+4.5%
Jun 27, 2019Raise$0.210 → $0.220+4.8%
Every EPRT payment →Download every raise and cut (CSV)
EPRT ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →EPRT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is EPRT a good dividend stock?

Yes, with caveats. Essential Properties Realty Trust, Inc. (EPRT) pays a quarterly dividend yielding 4.91% ($1.28/yr), with 7 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is EPRT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, EPRT's fair value is about $19.10 versus a $26.09 share price — so it looks overvalued (-27% vs. fair value).

Is EPRT's dividend safe?

EPRT has a dividend-safety grade of B (73/100), based on its payout coverage, free-cash-flow, 7-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is EPRT's fair value?

Our blended fair-value estimate for EPRT is about $19.10 per share, about 27% below the current $26.09 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is EPRT a buy, hold, or sell?

We don't issue formal ratings, but on the data EPRT screens as "yes, with caveats" and overvalued. Essential Properties Realty Trust, Inc. (EPRT) pays a quarterly dividend yielding 4.91% ($1.28/yr), with 7 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will EPRT cut its dividend?

EPRT earns a dividend-safety grade of B (73/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does EPRT pay a dividend?

Yes. Essential Properties Realty Trust, Inc. pays a quarterly dividend of about $1.28 per share annually, a forward yield of roughly 4.91%.

What is EPRT's dividend yield?

As of Oct 18, 2026, EPRT's forward dividend yield is 4.91%, based on a $1.28 annual dividend and a $26.09 share price.

What is EPRT's dividend per share?

As of Oct 18, 2026, EPRT pays $1.28 per share per year, distributed on a quarterly basis.

What is EPRT's dividend payout ratio?

As of Oct 18, 2026, EPRT's payout ratio is 96% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has EPRT grown its dividend?

As of Oct 18, 2026, EPRT has increased its dividend for 7 consecutive years.

When is the next EPRT ex-dividend date?

As of Oct 18, 2026, EPRT's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.32 per share.

EPRT Dividend News

EPRT
IncreaseEPRT·Jul 1, 2026

Essential Properties Raises Quarterly Dividend to $0.32

Essential Properties Realty Trust lifted its quarterly dividend by 3.23%, extending its dividend growth streak to seven years.

Income Calculator

At $1.28 / yr per share

Per payment (quarterly)$32.00
Annual$128.00
Monthly avg$10.67

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