Essential Properties Realty Trust (NYSE:EPRT) (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.
Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas. The company seeks assets that align with its risk-adjusted return objectives and benefit from strong demographic trends. Through a combination of acquisitions and built-to-suit development projects, it has expanded its footprint across more than 30 states, enhancing diversification by tenant industry and geography. This disciplined approach to portfolio expansion enables Essential Properties to capitalize on market inefficiencies and forge long-standing tenant relationships.
Headquartered in West Palm Beach, Florida, Essential Properties operates an in-house platform covering acquisition sourcing, underwriting, asset management and property administration. The leadership team comprises seasoned real estate professionals with extensive experience in investment management, capital markets and property operations. By maintaining an integrated internal platform, Essential Properties seeks to streamline transaction execution, optimize asset performance and deliver long-term value to its shareholders through a resilient, net-lease model.
