Essential Properties Realty Trust, Inc. EPRT

Company Overview

Essential Properties Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that specializes in acquiring, owning, and managing single-tenant net lease properties. The company operates within the commercial real estate and net lease REIT industries, with a strategic focus on properties leased to service-oriented and experience-based businesses that are less susceptible to e-commerce disruption. Its primary revenue driver is long-term rental income generated under triple-net lease structures, where tenants are responsible for property taxes, insurance, and maintenance.

The company primarily serves middle-market operators and national brands across industries such as quick-service restaurants, automotive services, medical and dental services, early childhood education, and convenience retail. Essential Properties Realty Trust differentiates itself through a granular underwriting approach, diversification across tenants and industries, and a focus on unit-level profitability. The company was formed in 2016 and completed its initial public offering in 2018, evolving rapidly through portfolio acquisitions funded by equity, debt, and retained cash flows.