EPRT EPRT

Name: EPRT Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $30.85

Crucible Score

55.1

Quality × Value Composite

KQI — Quality

62.5

C+

Fundamental Quality Index

KVI — Value

46.1

D+

Valuation Attractiveness Index

Crucible Verdict — EPRT

EPRT trades near fair value at $31 versus a $33 base case, but the quality-value disconnect tells the real story. The company's 79 Moat Durability score and solid growth profile clash with abysmal diversification metrics and insider selling pressure. EPRT's 36% earnings beat rate over 22 quarters signals execution inconsistency that could limit multiple expansion until operational reliability improves.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

50.6

Growth Profile⚠

66.6

Moat Durability⚠

78.9

Management Effectiveness

62.3

Diversification & Resilience⚠

28.0

Market Position

58.0

Weakest dimension: Diversification & Resilience (28.0)

◆ KVI Value Dimensions

DCF Margin of Safety

63.1

FCF Yield & Cash Returns

22.1

Relative Valuation

43.1

Growth-Adjusted Value

46.1

Historical Valuation

51.1

Macro Context

48.2

◆ DCF Valuation Scenarios

Bear Case

$24.12

Base Case

$33.47

Bull Case

$46.18

Price at Analysis

$30.85

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$24.12	8.0%	58.0%	9.6%
🟢 Base	$33.47	12.0%	63.0%	8.9%
🟢 Bull	$46.18	15.0%	67.0%	8.4%

Key Assumptions: EPRT is a net-lease REIT with zero capex (triple-net leases) and near-zero tax rate as a REIT. Historical revenue CAGR of ~25% reflects rapid external acquisition growth which is expected to moderate as the portfolio scales; FCF is proxied by operating cash flow. WACC is computed via CAPM with a 5.5% ERP for base (bear 5.2x beta premium, bull 4.5x) reflecting REIT sector characteristics and current rate environment. Operating margins (defined as OCF/Revenue) have been stable at 65-68% and are projected to remain high given the asset-light triple-net model.

◆ Financial Snapshot

Profitability

Gross Margin84.0%

Operating Margin64.5%

Net Margin45.0%

ROIC45.8%

ROE4.3%

Balance Sheet

Balance SheetCR: 6.13

Cash ConversionFCF/EPS: -1.73x

Capital IntensityCapex/Rev: 0.0%

Altman Z-Score1.79 (Distress)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR25.0% CAGR

Earnings CAGR27.5% CAGR

Growth ConsistencyCV: 1.19

Segment BreadthNo data

Quarterly TrendRev→+22%, Margin↑, WC↓, Exp↓

Earnings CredibilityConsistent Misser

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership< 1%

Compensation91% performance-based

Insider ActivitySelling

Capital AllocationROIC 45.8% vs WACC 3.6%

Earnings Beat Rate36% (8/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.