Essential Properties Realty Trust Inc

Essential Properties Realty Trust, Inc. is a publicly traded real estate company headquartered in Princeton, New Jersey. The company employs 54 people and generated $286.5 million in revenue. Essential Properties specializes in owning, acquiring, and managing single-tenant net lease (STNL) properties. They primarily work with middle-market companies with strong credit profiles and stable operating histories, facilitating growth capital through sale-leaseback transactions. Their tenant base spans a variety of industries, including restaurants, car washes, automotive services, convenience stores, medical and dental clinics, pet care services, early childhood education, equipment rental and sales, entertainment, and health and fitness. They also have a presence in the grocery and building materials industries. As of December 31, 2023, Essential Properties' portfolio consisted of 1,873 freestanding net lease properties. These properties boast a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 3.8x. The portfolio was 99.8% leased to 374 tenants operating in 16 distinct industries across 48 states. For more information, visit essentialproperties.com.