Essential Properties (NYSE: EPRT) gets 9.4% Cohen & Steers stake

Rhea-AI Filing Summary

Cohen & Steers has reported a significant institutional position in Essential Properties Realty Trust, Inc. (EPRT). As of 12/31/2025, Cohen & Steers, Inc. beneficially owned 18,659,157 shares of EPRT common stock, representing 9.42% of the outstanding class.

The firm had sole voting power over 13,054,951 shares and sole dispositive power over all 18,659,157 shares, with no shared voting or dispositive authority. The stake is held through affiliated entities, including Cohen & Steers Capital Management, UK, Asia, and Ireland units, for the benefit of underlying account holders. Cohen & Steers certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of EPRT.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Essential Properties Realty Trust, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

29670E107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 29670E107

1

Names of Reporting Persons

Cohen & Steers, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,054,951.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,659,157.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,659,157.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.42 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 29670E107

1

Names of Reporting Persons

Cohen & Steers Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,969,468.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,326,376.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,326,376.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.25 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP No. 29670E107

1

Names of Reporting Persons

Cohen & Steers UK Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 62,141.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 309,439.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

309,439.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.16 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP No. 29670E107

1

Names of Reporting Persons

Cohen & Steers Asia Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.00 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

CUSIP No. 29670E107

1

Names of Reporting Persons

Cohen & Steers Ireland Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 23,342.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 23,342.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,342.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

FI, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Essential Properties Realty Trust, Inc.
(b)	Address of issuer's principal executive offices: 902 Carnegie Center Blvd., Suite 520, Princeton, New Jersey 08540
Item 2.
(a)	Name of person filing: Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc. Cohen & Steers UK Ltd Cohen & Steers Asia Ltd Cohen & Steers Ireland Ltd
(b)	Address or principal business office or, if none, residence: The principal address for Cohen & Steers, Inc. and Cohen & Steers Capital Management, Inc. is: 1166 Avenue of the Americas, 30th Floor New York, NY 10036 The principal address for Cohen & Steers UK Ltd. is: The Burlian, 2nd Floor 3 Dering Street, London W1S 1AA United Kingdom The principal address for Cohen & Steers Asia Ltd. is: 3301B, 33rd Floor, The Henderson 2 Murray Road Central, Hong Kong The principal address for Cohen & Steers Ireland Ltd. is: Suite G01 81 Merrion Square South Dublin 2 D02 NR12 Ireland
(c)	Citizenship: Cohen & Steers, Inc: Delaware corporation Cohen & Steers Capital Management, Inc: New York corporation Cohen & Steers UK Ltd: United Kingdom Private Limited Company Cohen & Steers Asia Ltd: Asia Private Limited Company Cohen & Steers Ireland Ltd: Ireland Private Limited Company
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 29670E107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Corporation
Item 4.	Ownership
(a)	Amount beneficially owned: 18,659,157
(b)	Percent of class: 9.42%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13,054,951
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 18,659,157
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. and Cohen & Steers Ireland Ltd. holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders. Such account holders have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer that are held on their behalf.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. (investment advisors registered under Section 203 of the Investment Advisers Act) and Cohen & Steers Ireland Ltd. (a non-US institution).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Cohen & Steers, Inc.

Signature:	/s/ Nargis Hilal
Name/Title:	SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	02/13/2026

Cohen & Steers Capital Management, Inc.

Signature:	/s/ Nargis Hilal
Name/Title:	SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	02/13/2026

Cohen & Steers UK Limited

Signature:	/s/ Nargis Hilal
Name/Title:	SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	02/13/2026

Cohen & Steers Asia Limited

Signature:	/s/ Catherine Cheng
Name/Title:	VP, Compliance Officer
Date:	02/13/2026

Cohen & Steers Ireland Limited

Signature:	/s/ Alan Cooper
Name/Title:	VP, Compliance Officer
Date:	02/13/2026

FAQ

What percentage of Essential Properties (EPRT) does Cohen & Steers own?

Cohen & Steers, Inc. reports beneficial ownership of 9.42% of Essential Properties Realty Trust, totaling 18,659,157 common shares as of 12/31/2025. This represents a sizeable institutional position in the company’s outstanding common stock.

How many Essential Properties (EPRT) shares does Cohen & Steers control the voting for?

Cohen & Steers, Inc. has sole voting power over 13,054,951 EPRT shares as of 12/31/2025. It reports no shared voting power, indicating all disclosed voting authority resides solely with Cohen & Steers or its controlled entities.

What is the total number of Essential Properties (EPRT) shares Cohen & Steers can dispose of?

Cohen & Steers, Inc. reports sole dispositive power over 18,659,157 EPRT shares and no shared dispositive power. This means it alone can decide if, when, and how these reported shares are sold or otherwise disposed of.

Which Cohen & Steers subsidiaries hold Essential Properties (EPRT) shares?

The stake is held through Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd, Cohen & Steers Asia Ltd, and Cohen & Steers Ireland Ltd. These entities hold EPRT securities for the benefit of their respective account holders.

Is Cohen & Steers seeking control of Essential Properties (EPRT) with this stake?

Cohen & Steers certifies the EPRT securities were acquired and are held in the ordinary course of business. It states they are not held for the purpose of changing or influencing control of Essential Properties Realty Trust.

When is the ownership information for Cohen & Steers’ EPRT position effective?

The reported ownership details are stated as of 12/31/2025. On that date, Cohen & Steers, Inc. beneficially owned 18,659,157 EPRT common shares, representing 9.42% of the class, with the voting and dispositive powers described.