Essential Properties Realty Trust, Inc. Overview
Pro stress-test →Essential Properties Realty Trust is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of December 31, 2025, the Company's portfolio consisted of 2,300 freestanding net lease properties with a weighted average lease term of 14.4 years and a weighted average rent coverage ratio of 3.6x.
Strategic Profile
Pro stress-test →The company has demonstrated consistent revenue growth with a 3-year growth rate of 9% and maintains a strong operating margin of 63.61% and net margin of 45.25%. The company leverages its deep relationships with middle-market operators and focus on essential, service-based industries to navigate market volatility.
Competitive Landscape
Pro stress-test →EPRT competes within the net lease REIT sector against other single-tenant property operators. The company's competitive advantages include its internally managed structure, deep relationships with middle-market tenants, diversified portfolio across 659 concepts, and focus on essential service-based businesses with long-term lease stability. Competitors include NNN REIT, NETSTREIT, Broadstone Net Lease, and other specialized net lease REITs.
Industry Context
Essential Properties Realty Trust, Inc. operates in Real Estate Investment Trust (REIT) - Net Lease Properties.
Key facts
Founded: 2016 · Headquarters: Princeton, NJ · Revenue: Not separately disclosed · Market cap: $6.3B