Headquartered in Princeton, NJ Fiscal year ends December NYSE: EPRT essentialproperties.com
Essential Properties Realty Trust, Inc. (NYSE: EPRT) is an internally managed real estate investment trust that acquires, owns, and manages primarily single-tenant properties net leased on a long-term basis to companies operating service-oriented or experience-based businesses across the middle market. The company focuses on e-commerce resilient industries including car washes, medical/dental offices, early childhood education centers, automotive service facilities, quick service restaurants, convenience stores, casual dining, equipment rental, entertainment venues, and health and fitness centers. As of June 30, 2026, the portfolio consisted of 2,493 freestanding net lease properties across 48 states with a weighted average lease term of 14.3 years, weighted average rent coverage ratio of 3.5x, and 99.6% occupancy. The company's investment strategy emphasizes originating bespoke capital solutions, with approximately 90% of cash ABR derived from sale-leaseback transactions and approximately 92% from service and experiential sectors. The portfolio is granular with an average investment per property of $3.1 million, and highly diversified with tenants operating 715 different concepts and the top 10 tenants representing just 15.2% of cash ABR. The company maintains an investment grade balance sheet rated BBB/BBB/Baa2 with 100% unencumbered assets and no secured debt. Updated
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Essential Properties Realty Trust, Inc. (NYSE: EPRT) is an internally managed real estate investment trust that acquires, owns, and manages primarily single-tenant properties net leased on a long-term basis to companies operating service-oriented or experience-based businesses across the middle market.
The Wall Street consensus 12-month price target for EPRT is $36.15.
