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Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Essential Properties Realty Trust had a gross margin of 99.33% for the quarter that ended in Jun. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Essential Properties Realty Trust Gross Margin % Related Terms
Essential Properties Realty Trust Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, Essential Properties Realty Trust's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essential Properties Realty Trust Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Essential Properties Realty Trust's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Essential Properties Realty Trust's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Essential Properties Realty Trust (EPRT) has a Gross Margin % of 99.33% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Essential Properties Realty Trust and its competitors. This is near median its historical median of 97.94. Over the past decade, Essential Properties Realty Trust's Gross Margin % has ranged from 97.16 to 98.96. According to the industry distribution chart, Essential Properties Realty Trust ranks #26 out of 672 companies in the REITs industry, placing it in the top 3.9%.
Is Essential Properties Realty Trust's Gross Margin % too high?
Essential Properties Realty Trust's current Gross Margin % of 99.33% is near median its 10-year median of 97.94. Over the past 10 years, this metric has ranged from a low of 97.16 to a high of 98.96. The REITs industry median Gross Margin % is 69.57. Essential Properties Realty Trust's value of 99.33% is 42.8% above this industry median. Based on the distribution chart, Essential Properties Realty Trust ranks #26 out of 672 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Essential Properties Realty Trust has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Essential Properties Realty Trust's Gross Margin % compare to MAC and KRG?
According to the REITs industry distribution chart, Essential Properties Realty Trust ranks #26 out of 672 companies for Gross Margin %. This places Essential Properties Realty Trust in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.57. Essential Properties Realty Trust's value of 99.33% is 42.8% above this benchmark. Historically, Essential Properties Realty Trust's own Gross Margin % has ranged from 97.16 to 98.96 over the past decade. While the company's 10-year median is 97.94 vs. the industry median of 69.57, Essential Properties Realty Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.57, based on 672 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Essential Properties Realty Trust's current Gross Margin % of 99.33% is 42.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Essential Properties Realty Trust and its competitors. For the REITs industry, the median Gross Margin % is 69.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Essential Properties Realty Trust's current Gross Margin % is 99.33%, which is near median its own 10-year median of 97.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essential Properties Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Essential Properties Realty Trust (EPRT) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.17, compared to a current price of $30.37 — trading 11.1% below its estimated fair value. The current Gross Margin % is 99.33%, which is near median its 10-year median of 97.94 and 42.8% above the REITs industry median of 69.57. Essential Properties Realty Trust's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Essential Properties Realty Trust (EPRT), the current Gross Margin % is 99.33% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Essential Properties Realty Trust (EPRT) Overvalued in 2026?
Based on GuruFocus' analysis, Essential Properties Realty Trust stock appears to be undervalued.
The current stock price of $30.37 is trading 11.1% below its estimated GF Value™ of $34.17.
GuruFocus considers Essential Properties Realty Trust to be Modestly Undervalued.
Key valuation signals for EPRT:
Gross Margin %: 99.33% (near median its 10-year median of 97.94)
GF Value™: $34.17 vs. price of $30.37 (11.1% below fair value)
Industry Position: 42.8% above the REITs median (#26 of 672)
No single metric tells the full story. See the EPRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Essential Properties Realty Trust Inc is a real estate investment trust. It is an internally managed real estate company acquires, owns and manages single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. The Company generally invests in and leases freestanding, single-tenant commercial real estate facilities where a tenant services its customers and conducts activities that are essential to the generation of the tenant's sales and profits.
88GF Score
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