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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Hudson Pacific Properties, Inc. (HPP). Click either name above to swap in a different company.
Hudson Pacific Properties, Inc. is the larger business by last-quarter revenue ($256.0M vs $158.8M, roughly 1.6× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -109.4%, a 147.2% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 22.1%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 13.0%).
Essential Properties Realty Trust is a publicly traded real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-leased commercial properties across the United States. Its assets primarily cover essential service-oriented sectors including casual dining, automotive services, medical clinics, early childhood education centers and light industrial facilities, with tenants mostly holding robust long-term operating track records.
Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property. Its properties are on the West Coast of the United States and Vancouver. It is organized in Maryland and headquartered in Los Angeles. It is the largest independent operator of sound stages in Los Angeles.
EPRT vs HPP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $256.0M |
| Net Profit | $60.0M | $-280.2M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | 18.6% |
| Net Margin | 37.8% | -109.4% |
| Revenue YoY | 22.8% | 22.1% |
| Net Profit YoY | 6.5% | -61.5% |
| EPS (diluted) | $0.28 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 26 | — | $256.0M | ||
| Q1 26 | $158.8M | $181.9M | ||
| Q4 25 | $149.9M | $256.0M | ||
| Q3 25 | $144.9M | $186.6M | ||
| Q2 25 | $137.1M | $190.0M | ||
| Q1 25 | $129.4M | $198.5M | ||
| Q4 24 | $119.7M | $209.7M | ||
| Q3 24 | $117.1M | $200.4M |
| Q3 26 | — | $-280.2M | ||
| Q1 26 | $60.0M | $-50.9M | ||
| Q4 25 | $68.1M | $-280.2M | ||
| Q3 25 | $65.6M | $-144.1M | ||
| Q2 25 | $63.2M | $-87.8M | ||
| Q1 25 | $56.1M | $-80.3M | ||
| Q4 24 | $55.4M | $-173.5M | ||
| Q3 24 | $49.1M | $-107.0M |
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 60.0% | ||
| Q3 25 | — | 44.3% | ||
| Q2 25 | — | 43.1% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | — | 42.7% |
| Q3 26 | — | 18.6% | ||
| Q1 26 | 56.5% | -7.1% | ||
| Q4 25 | 65.9% | -109.8% | ||
| Q3 25 | 64.7% | -77.2% | ||
| Q2 25 | 64.1% | -46.0% | ||
| Q1 25 | 61.6% | -40.4% | ||
| Q4 24 | 66.1% | -83.2% | ||
| Q3 24 | 59.7% | -52.3% |
| Q3 26 | — | -109.4% | ||
| Q1 26 | 37.8% | -28.0% | ||
| Q4 25 | 45.4% | -109.4% | ||
| Q3 25 | 45.3% | -77.2% | ||
| Q2 25 | 46.1% | -46.2% | ||
| Q1 25 | 43.4% | -40.5% | ||
| Q4 24 | 46.3% | -82.7% | ||
| Q3 24 | 42.0% | -53.4% |
| Q3 26 | — | — | ||
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $-11.57 | ||
| Q3 25 | $0.33 | $-0.30 | ||
| Q2 25 | $0.32 | $-0.41 | ||
| Q1 25 | $0.29 | $-0.53 | ||
| Q4 24 | $0.31 | $-1.19 | ||
| Q3 24 | $0.27 | $-0.69 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.2M | $138.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $3.2B |
| Total Assets | $7.2B | $7.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | — | $138.4M | ||
| Q1 26 | $15.2M | $138.0M | ||
| Q4 25 | $60.2M | $138.4M | ||
| Q3 25 | $23.8M | $190.4M | ||
| Q2 25 | $20.8M | $236.0M | ||
| Q1 25 | $47.0M | $86.5M | ||
| Q4 24 | $40.7M | $63.3M | ||
| Q3 24 | $32.7M | $90.7M |
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | — |
| Q3 26 | — | $3.2B | ||
| Q1 26 | $4.4B | $3.1B | ||
| Q4 25 | $4.2B | $3.0B | ||
| Q3 25 | $3.8B | $3.2B | ||
| Q2 25 | $3.8B | $3.4B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.6B | $2.9B | ||
| Q3 24 | $3.2B | $3.0B |
| Q3 26 | — | $7.3B | ||
| Q1 26 | $7.2B | $7.2B | ||
| Q4 25 | $6.9B | $7.3B | ||
| Q3 25 | $6.6B | $7.8B | ||
| Q2 25 | $6.3B | $8.1B | ||
| Q1 25 | $6.1B | $8.0B | ||
| Q4 24 | $5.8B | $8.1B | ||
| Q3 24 | $5.5B | $8.3B |
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
HPP
| Rental revenues | $216.8M | 85% |
| Other | $35.6M | 14% |
| Service and other revenues | $3.7M | 1% |
