28.29
+1.14%
Close of 9 Nov 2026, in USD
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About Essential Properties Realty Trust
From its filings with the US Securities and Exchange Commission
Essential Properties Realty Trust is based in Princeton, New Jersey and is incorporated in Maryland. Its shares trade on NYSE under the ticker EPRT. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $561.2m and net income of $253.0m. At that date it held total assets of $6.86bn and shareholders' equity of $4.20bn.
We believe that, in general, properties leased to tenants in these industries and similar businesses are essential to the generation of the tenants' sales and profits. We also believe that these businesses have favorable growth potential and, because of their nature, they are more insulated from the competitive pressures presented by e-commerce than many other businesses.
We completed our initial public offering in June 2018 and we qualified to be taxed as a REIT beginning with our taxable year ended December 31, 2018. As of December 31, 2025, 91.5% of our total annualized base rent of $555.0 million was attributable to properties operated by tenants in service-oriented and experience-based businesses. "Annualized base rent" means annualized contractually specified cash base rent in effect on December 31, 2025 for all of our leases (including those accounted for as loans or direct financing leases) commenced as of that date and annualized cash interest on our mortgage loans receivable as of that date.
Diversified Portfolio. Our goal is that, over time, no more than 5% of our annualized base rent will be derived from any single-tenant or more than 1% from any single property. As of December 31, 2025, our portfolio was 99.7% occupied by tenants operating 659 different concepts (i.e., brands) across 48 states, with none of our tenants contributing more than 3.4% of our annualized base rent.
Quoted from its 10-K, filed 11 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 21 Jun 2018
- Employees
- 56
- Website
- essentialproperties.com ↗
- Head office
- 5 VAUGHN DRIVE, PRINCETON, NJ
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Scott EstesIndependent Chairman of the Board$302,000
- Mr. Peter MavoidesPresident, Chief Executive Officer, Director, since 2018$8.3m
- Mr. Mark PattenChief Financial Officer, Executive Vice President, Treasurer, Secretary$2.8m
- Mr. R. Max JenkinsChief Operating Officer, Executive Vice President$1.7m
- Mr. A Joseph PeilExecutive Vice President, Chief Investment Officer$1.7m
- Ms. Joyce DeLuccaIndependent Director$175,000
- Mr. Lawrence MinichIndependent Director$180,000
- Ms. Heather NearyIndependent Director$175,000
- Mr. Stephen SautelIndependent Director$175,000
- Ms. Janaki SivanesanIndependent Director$191,000
- Ms. Kristin SmallwoodIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 80
- Environment
- 78
- Social
- 88
- Governance
- 73
- Direct emissions (scope 1)
- 0 t
- Energy emissions (scope 2)
- 32 t
- Women in the workforce
- 40%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Essential Properties Realty Trust Inc possesses a diverse and robust portfolio of real estate assets. These properties are strategically located across various regions, offering a wide range of investment opportunities in different markets. This strength allows the company to mitigate risk and seize valuable opportunities for growth.
- The company's long-term lease agreements provide stability and predictability in revenue generation. Having tenants committed to extended lease terms minimizes vacancies and ensures a steady cash flow for Essential Properties Realty Trust Inc. This strength allows the company to maintain consistent profitability and shareholder returns.
- Essential Properties Realty Trust Inc is led by a highly skilled and experienced management team. Their expertise in real estate investments and property management enables effective decision-making and execution of strategies. This strength enhances the company's ability to adapt to market changes, seize opportunities, and deliver sustainable growth.
Weaknesses
- Essential Properties Realty Trust Inc's performance heavily relies on the overall health of the economy. Economic downturns, recessions, or instability can impact tenant businesses, leading to potential lease defaults or decreased rental payments. This weakness exposes the company to risks associated with economic cycles and market fluctuations.
- Although Essential Properties Realty Trust Inc has a strong real estate portfolio, it may have limited geographic diversification. Concentration of properties in specific regions increases exposure to localized economic risks, regulatory changes, or regional market downturns. This weakness may hinder the company's ability to counteract adverse conditions in specific areas.
Opportunities
- Essential Properties Realty Trust Inc can capitalize on growth opportunities in high-demand markets. By acquiring strategic properties or expanding existing ones in areas with strong economic prospects and population growth, the company can enhance its market presence and generate long-term value for investors.
- The emergence of technology-driven solutions in the real estate sector presents opportunities for Essential Properties Realty Trust Inc to enhance operational efficiency and tenant satisfaction. By adopting smart building technologies, data analytics, and digital platforms, the company can optimize property management, offer innovative services, and attract tech-savvy tenants.
Threats
- Essential Properties Realty Trust Inc faces intense competition from other real estate companies, investment funds, and institutional investors. This competitive landscape may lead to increased acquisition costs, reduced availability of attractive investment opportunities, and potential pressure on rental rates, impacting the company's financial performance.
- The real estate industry is subject to various regulations and legal requirements. Essential Properties Realty Trust Inc must navigate potential challenges related to zoning laws, building codes, environmental regulations, and tenant-related legal disputes. Failure to comply with these regulations or handle legal issues effectively could result in financial penalties and reputational damage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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