{ "schemaVersion": 1, "organisationId": "O-1465d9f02c5c43a98c49a63d82ba45cb", "slug": "essential-properties-realty-trust-inc", "name": "ESSENTIAL PROPERTIES REALTY TRUST, INC.", "updatedAt": "2026-10-02T16:24:01.323905Z", "sections": [ { "type": "OVERVIEW", "text": "Essential Properties Realty Trust, Inc. is a real estate investment trust focused on acquiring, owning, and managing commercial properties leased primarily to service-oriented and experience-based businesses under long-term net leases. Its tenants span categories such as restaurants, car washes, automotive and medical services, convenience stores, entertainment, fitness, and early-childhood education. [P142164885][https://essentialproperties.com/about-us/]\n\nThe company’s stated primary objective is to maximize stockholder value through attractive risk-adjusted returns. Its portfolio is concentrated in the United States: as of June 30, 2026, the company reported rental properties across 48 states and tenants operating 715 concepts. [P142164873][P142164885]\n\nAt June 30, 2026, the company reported 2,329 rental properties and $6.6 billion of net real estate investments. For fiscal 2025, total revenue was approximately $561 million, including approximately $528 million in rental revenue. [P142165071][T2880086]\n[P142164885][https://essentialproperties.com/about-us/][P142164873][P142165071][T2880086][T2880086][https://essentialproperties.com/about-us/]", "updatedAt": "2026-10-02T16:24:01.323905Z" }, { "type": "PRODUCTS", "text": "Essential Properties Realty Trust’s core product is the ownership and leasing of primarily freestanding, single-tenant commercial properties, generally under long-term triple-net leases. Its portfolio spans service-oriented businesses, experience-based businesses, industrial properties and retail, with service and experience-based properties together accounting for 91.6% of annualized base rent (ABR) as of June 30, 2026. Typical lease features include an initial term of 15 years or more, renewal options and contractual rent increases; the portfolio’s weighted-average remaining lease term was 14.3 years at that date. [P142164871][P142164885][P59877978][P142164907]\n\nThe largest property categories by ABR at June 30, 2026 included car washes (12.6%), medical and dental properties (12.2%), early-childhood education (11.9%), automotive service (8.3%), quick-service restaurants (8.2%), convenience stores (6.3%) and casual dining (5.6%). Other holdings include equipment rental and sales, family dining, pet care, entertainment, health and fitness, movie theaters, industrial uses, grocery stores and home furnishings. [P142165013]\n\nThe company’s leasing and property portfolio services are structured around tenant relationships and property-level lease performance: it seeks rent coverage and tenant financial reporting, and prefers master leases when multiple properties can be leased together. At June 30, 2026, 97.1% of ABR was subject to future rent increases, averaging 1.9% annually; weighted-average rent coverage was 3.5x, and tenants on leases representing 99.2% of ABR were obligated to provide periodic unit-level financial reporting. [P142164907][P142164882]\n[P142164871][P142164885][P59877978][P142164907][P142165013][P142164882]", "updatedAt": "2026-10-02T16:24:01.323905Z" }, { "type": "GEOGRAPHY", "text": "As of June 30, 2026, Essential Properties Realty Trust’s portfolio comprised 2,493 properties across 48 U.S. states, generating $604.9 million in annualized base rent; its tenants operated 715 concepts [P142164885]. In 2025, Texas was the only state accounting for at least 10% of rental revenue, at 12.5% [T5469525].\n\nThe company lists its office at 5 Vaughn Drive, Suite 202, Princeton, New Jersey 08540 [https://essentialproperties.com/contact/].\n[P142164885][T5469525][https://essentialproperties.com/contact/]", "updatedAt": "2026-10-02T16:24:01.323905Z" }, { "type": "SEGMENTS", "text": "Essential Properties Realty Trust reports one operating and reportable segment, aggregating its real estate investments and assessing performance on a consolidated basis. It does not report separate business segments or segment-level contribution percentages. [P142164452]\n\nAs a portfolio—not segment—breakdown, its Q2 2026 tenant-industry disclosure allocates annualized base rent (ABR) as follows: Service, 76.9%; Experience, 14.7%; Industrial, 5.9%; and Retail, 2.5%. These categories describe the businesses operating at its properties, rather than reportable segments. [T16253801] The company’s portfolio is primarily single-tenant, long-term net-leased properties, and 91.6% of ABR came from properties operated by service-oriented or experience-based businesses. [P142164871]\n[P142164452][T16253801][T16253801][T16253801][T16253801][P142164871]", "updatedAt": "2026-10-02T16:24:01.323905Z" }, { "type": "HISTORY", "text": "Essential Properties Realty Trust’s operating predecessor began operations on March 30, 2016. The public-company issuer was incorporated in Maryland on January 12, 2018. [P183664987][P183665030]\n\nIn June 2018, the company completed its initial public offering and began trading on the New York Stock Exchange under the ticker EPRT. [P183665030][https://investors.essentialproperties.com/news/essential-properties-realty-trust-inc-announces-pricing-of-initial-public-offering/a183e43b-acb7-4116-afdc-03b560a08c31] Peter Mavoides, who had held leadership roles at the predecessor since March 2016, became the public company’s president and chief executive officer in 2018. [https://essentialproperties.com/about-us/]\n\nThe company reported reaching 1,000 properties by the end of 2019, following investment in 375 properties that year. [https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-and-full-year-2019-results/d9d934dc-71d3-48c5-a424-e24b30cba457] Its portfolio grew to 1,653 properties by the end of 2022 and 2,104 by the end of 2024. [https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-2022-results/ec7c8124-0a90-402b-aae2-6eca8c185f74][https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-2024-results/91488787-b80e-4fab-a2ff-8c86cb326b29]\n[P183664987][P183665030][https://investors.essentialproperties.com/news/essential-properties-realty-trust-inc-announces-pricing-of-initial-public-offering/a183e43b-acb7-4116-afdc-03b560a08c31][https://essentialproperties.com/about-us/][https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-and-full-year-2019-results/d9d934dc-71d3-48c5-a424-e24b30cba457][https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-2022-results/ec7c8124-0a90-402b-aae2-6eca8c185f74][https://investors.essentialproperties.com/news/essential-properties-announces-fourth-quarter-2024-results/91488787-b80e-4fab-a2ff-8c86cb326b29]", "updatedAt": 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