EPRT vs FCPT vs O Stock Comparison

Essential Properties Realty Trust, Four Corners Property Trust and Realty Income Prices as of Oct 23, 2026 Peers: Industry group
O Realty Income Corp
$56.89 +2.3% 1M -5.5% 1Y
Market cap
$53.27B
P/E
42.0x
Revenue (TTM)
$6.05B
Div. yield
0.06%
Net Lease REITs Real Estate
3 wins

Head to Head

11 decided of 12

Four Corners Property Trust leads on 4 of the 12 questions below (Four Corners Property Trust 4, Essential Properties Realty Trust 4, Realty Income 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEPRTFCPTOLeader
Larger companyMarket capitalisation $5.88B $2.45B $53.27B O
Cheaper on earningsLower P/E, profitable companies only 22.4x 20.7x 42.0x FCPT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.2x 20.5x 35.3x EPRT
Faster revenue growthRevenue growth, trailing twelve months +20.4% +9.6% +10.9% EPRT
More profitableNet margin, trailing twelve months 41.0% 38.7% 20.9% EPRT
Better return on capitalReturn on invested capital 5.2% 5.6% 3.4% FCPT
Less leveragedLower net debt / EBITDA 5.1x 3.1x 5.6x FCPT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.06% –
Better 1-year returnPrice return, last 12 months -16.4% -10.1% -5.5% O
Better 5-year returnAnnualised price return, 5 years -1.9%/yr -5.3%/yr -3.9%/yr EPRT
Less volatileAnnualised volatility, 1 year 21.1% 19.9% 17.3% O
Higher overall scoreMean of the five percentile scores vs peers 51/100 58/100 56/100 FCPT

Percentile Scorecard

EPRTFCPTO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEPRTFCPTO
Valuation 17 #120 of 145 39 #89 of 145 15 #124 of 145
Growth 83 #26 of 144 78 #32 of 144 83 #25 of 144
Profitability 71 #41 of 140 68 #45 of 140 70 #43 of 140
Financial Health 78 #33 of 146 87 #20 of 146 69 #46 of 146
Shareholder Returns 5 #125 of 132 17 #110 of 132 43 #76 of 132
Overall 51 58 56
  • EPRT ranked among 149 companies in Property REITs
  • FCPT ranked among 149 companies in Property REITs
  • O ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEPRTFCPTOSPY
1 month -0.8%-0.5%+2.3% -1.0%
3 months -17.6%-15.1%-13.3% +2.9%
6 months -15.2%-12.9%-10.2% +6.4%
Year to date -10.1%-4.0%+0.9% +11.4%
1 year -16.4%-10.1%-5.5% +13.1%
3 years +27.3%+5.4%+14.7% +79.4%
3 years, per year +8.4%+1.8%+4.7% +21.5%
5 years -9.3%-23.8%-18.2% +67.7%
5 years, per year -1.9%-5.3%-3.9% +10.9%
10 years —+6.5%-5.2% +255.2%
10 years, per year —+0.6%-0.5% +13.5%

Risk

MeasureEPRTFCPTOSPY
Volatility, 1Y 21.1%19.9%17.3% 12.7%
Downside volatility, 1Y 21.6%19.8%18.2% 12.7%
Beta vs S&P 500, 1Y -0.30-0.10-0.09 1.00
Return / volatility, 1Y -0.77-0.51-0.32 1.03
Max drawdown, 5Y -37.6%-31.3%-38.3% -25.4%
From 52-week high -23.0%-16.4%-15.8% -2.5%
52-week high $34.59$26.49$67.56 $779.14
52-week low $24.88$21.03$53.35 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEPRTFCPTO
P/E now vs peer median 22.0xmedian 27.0x 20.4xmedian 27.0x 41.8xmedian 27.0x
P/S now vs peer median 9.2xmedian 4.1x 7.9xmedian 4.1x 8.9xmedian 4.1x
EV/EBITDA now vs peer median 15.4xmedian 14.5x 15.7xmedian 14.5x 16.0xmedian 14.5x
P/FCF now vs peer median -8.8xmedian 23.7x -33.8xmedian 23.7x -27.1xmedian 23.7x
P/B now vs peer median 1.3xmedian 1.3x 1.5xmedian 1.3x 1.3xmedian 1.3x
PEG now vs peer median 10.65median 2.07 135.16median 2.07 23.28median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEPRTFCPTO
Revenue $639.22M $306.40M $6.05B
Gross profit – $262.29M –
Operating income $387.32M $126.57M –
Net income $263.37M $118.71M $1.31B
Free cash flow -$669.26M -$71.90M -$1.98B
EPS (diluted) $1.20 $1.08 $1.36
Cash & equivalents $25.22M $24.79M $552.65M
Total debt $10.99B $2.50B $111.24B
Shares (diluted) 219.12M 109.79M 934.66M
Enterprise value $5.65B $2.38B $51.49B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEPRTFCPTO
P/E 22.0x 20.4x 41.8x
P/FCF -8.8x -33.8x -27.1x
P/Operating cash flow 13.6x 12.5x 12.9x
P/S 9.2x 7.9x 8.9x
P/B 1.3x 1.5x 1.3x
P/Tangible book 1.3x 1.6x 1.5x
EV/EBITDA 15.4x 15.7x 16.0x
EV/EBIT 22.7x 24.0x 31.8x
EV/Revenue 13.8x 9.9x 13.6x
EV/FCF -13.2x -42.2x -41.6x
EV/Operating cash flow 20.3x 15.6x 19.8x
PEG (3Y EPS CAGR) 10.65 135.16 23.28

Growth

14 metrics
MetricEPRTFCPTO
Revenue growth (1Y) 20.4% 9.6% 10.9%
Revenue CAGR (3Y) 23.9% 9.4% 18.0%
Gross profit growth (1Y) – 10.2% –
Gross profit CAGR (3Y) – 10.3% –
Operating income growth (1Y) 13.8% 10.7% –
Operating income CAGR (3Y) 20.0% 12.1% –
Net income growth (1Y) 9.3% 12.0% 42.0%
Net income CAGR (3Y) 14.0% 8.0% 14.6%
EPS growth (1Y) -0.4% 3.2% 35.0%
EPS CAGR (3Y) 2.1% 0.2% 1.8%
Operating cash flow growth (1Y) 19.3% 13.2% 13.8%
Operating cash flow CAGR (3Y) 22.0% 6.3% 14.5%
Free cash flow growth (1Y) 6.9% 60.4% -90.4%
Free cash flow CAGR (3Y) -1.1% 32.1% 36.5%

Profitability

14 metrics
MetricEPRTFCPTO
Gross margin – 85.6% –
EBITDA margin 89.6% 63.0% 85.4%
Operating margin 60.6% 41.3% –
Pretax margin 41.4% 24.0% 23.3%
Net margin 41.0% 38.7% 20.9%
FCF margin -104.7% -23.5% -32.8%
Operating cash flow margin 67.8% 63.6% 68.8%
Return on equity 5.8% 7.2% 3.2%
Return on assets 3.5% 4.0% 1.7%
Return on invested capital 5.2% 5.6% 3.4%
Return on capital employed – – –
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) 1.6x 1.6x 3.2x
Stock comp / revenue 2.3% 3.0% 0.6%

Financial Health

11 metrics
MetricEPRTFCPTO
Debt / assets 38.6% 21.1% 38.3%
Debt / equity 0.6x 0.4x 0.7x
Net debt / EBITDA 5.1x 3.1x 5.6x
Debt / FCF -4.4x -8.8x -14.8x
Liabilities / assets 40.4% 45.9% 45.1%
Equity / assets 59.6% 54.1% 54.9%
Interest coverage 3.1x 2.4x 2.2x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricEPRTFCPTO
Dividend yield 4.7% 6.6% 5.7%
Net buyback yield -11.4% -8.3% -3.4%
Shareholder yield -6.7% -1.7% 2.3%
Payout ratio (earnings) – – 228.6%
Payout ratio (FCF) – – -151.1%
Dividend growth (1Y) – – 6.3%
Dividend CAGR (3Y) – – 15.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEPRTFCPTO
Forward P/E 19.2xFY2026 20.5xFY2026 35.3xFY2026
EPS, next fiscal year $1.39FY2026 $1.08FY2026 $1.61FY2026
EPS growth, next FY +8.6%FY2026 -0.9%FY2026 +37.6%FY2026
EPS growth, the year after -10.1% +10.2% +0.6%
Revenue, next fiscal year $653.11MFY2026 $341.61MFY2026 $5.87BFY2026
Revenue growth, next FY +23.8%FY2026 +16.1%FY2026 +7.9%FY2026
Revenue growth, the year after +3.9% -6.7% -3.2%
EPRT estimates →FCPT estimates →O estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEPRTFCPTO
Held by institutions 100.0% 100.0% 78.8%
Institutions holding 377 350 1,461
Change in shares held, QoQ +19.1% +0.4% +5.2%
Institutions buying 211 179 799
Institutions selling 113 98 469
Buyers to sellers 1.87 1.83 1.70
EPRT holders →FCPT holders →O holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EPRTFCPTO
EPRT 1.00 0.79 0.72
FCPT 0.79 1.00 0.71
O 0.72 0.71 1.00

Add a Peer

Largest companies in the same industry
EPRT · Net Lease REITs
+WPCW. P. Carey +ADCAgree Realty +NNNNnn Reit +BNLBroadstone Net Lease +NTSTNetstreit +GTYGetty Realty +GNLGlobal Net Lease +SAFESafehold
Plot all 28 Net Lease REITs stocks →

Related Comparisons

EPRT vs WPCW. P. Carey EPRT vs ADCAgree Realty EPRT vs NNNNnn Reit EPRT vs BNLBroadstone Net Lease

Frequently Asked Questions

Which is bigger, EPRT, FCPT and O?

Realty Income (O) is the largest by market capitalisation: Essential Properties Realty Trust (EPRT) $5.88B, Four Corners Property Trust (FCPT) $2.45B, Realty Income (O) $53.27B.

Which stock is cheaper, EPRT, FCPT and O?

Four Corners Property Trust (FCPT) trades on the lowest price-to-earnings ratio (Essential Properties Realty Trust (EPRT) 22.4x, Four Corners Property Trust (FCPT) 20.7x, Realty Income (O) 42.0x). On next year's consensus earnings, Essential Properties Realty Trust (EPRT) is cheapest (Essential Properties Realty Trust (EPRT) 19.2x, Four Corners Property Trust (FCPT) 20.5x, Realty Income (O) 35.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Essential Properties Realty Trust (EPRT) grew revenue fastest over the trailing twelve months: Essential Properties Realty Trust (EPRT) +20.4%, Four Corners Property Trust (FCPT) +9.6%, Realty Income (O) +10.9%.

Which company is more profitable?

Essential Properties Realty Trust (EPRT) has the highest net margin (Essential Properties Realty Trust (EPRT) 41.0%, Four Corners Property Trust (FCPT) 38.7%, Realty Income (O) 20.9%). On return on invested capital, Four Corners Property Trust (FCPT) leads (Essential Properties Realty Trust (EPRT) 5.2%, Four Corners Property Trust (FCPT) 5.6%, Realty Income (O) 3.4%).

Which stock has performed better?

Over the past year Realty Income (O) returned the most: Essential Properties Realty Trust (EPRT) -16.4%, Four Corners Property Trust (FCPT) -10.1%, Realty Income (O) -5.5%. Over five years, Essential Properties Realty Trust (EPRT) compounded fastest (Essential Properties Realty Trust (EPRT) -1.9%/yr, Four Corners Property Trust (FCPT) -5.3%/yr, Realty Income (O) -3.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Essential Properties Realty Trust (EPRT) 0.00%, Four Corners Property Trust (FCPT) 0.00%, Realty Income (O) 0.06%. Essential Properties Realty Trust (EPRT) and Four Corners Property Trust (FCPT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Realty Income (O) has been the steadiest (Essential Properties Realty Trust (EPRT) 21.1%, Four Corners Property Trust (FCPT) 19.9%, Realty Income (O) 17.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EPRT, FCPT and O?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Four Corners Property Trust (FCPT) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.