Mission Statement, Vision, & Core Values (2024) of Essential Properties Realty Trust, Inc. (EPRT)

Mission Statement, Vision, & Core Values (2024) of Essential Properties Realty Trust, Inc. (EPRT)

US | Real Estate | REIT - Diversified | NYSE

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An Overview of Essential Properties Realty Trust, Inc. (EPRT)

General Summary of Essential Properties Realty Trust, Inc. (EPRT)

Essential Properties Realty Trust, Inc. is a real estate investment trust (REIT) focused on single-tenant commercial properties. The company was founded in 2015 and is headquartered in Princeton, New Jersey.

Key company characteristics as of 2024:

  • Total properties owned: 1,337
  • Geographic coverage: 48 states
  • Portfolio diversification across 62 industries
  • Gross leasable area: 20.5 million square feet

Financial Performance

Financial Metric 2023 Value
Total Revenue $382.1 million
Net Income $146.2 million
Funds from Operations (FFO) $255.6 million
Dividend Yield 5.8%

Industry Leadership

Essential Properties Realty Trust ranks among the top 20 net lease REITs in the United States, with a market capitalization of $3.1 billion as of 2024.

Portfolio occupancy rate: 99.6%

  • Average lease term: 14.3 years
  • Weighted average lease expiration: 2037
  • Investment grade tenant percentage: 31%



Mission Statement of Essential Properties Realty Trust, Inc. (EPRT)

Mission Statement Overview

Essential Properties Realty Trust, Inc. (EPRT) maintains a mission statement focused on strategic net lease real estate investments targeting single-tenant commercial properties.

Core Investment Strategy Components

Component Specific Focus 2024 Metrics
Geographic Diversification Properties across 48 U.S. states $6.2 billion total portfolio value
Tenant Quality Essential business operators 92.4% tenant occupancy rate
Investment Sectors Service-oriented industries 475 total property investments

Investment Criteria

EPRT targets properties with specific characteristics:

  • Minimum $1 million property value
  • Long-term net lease structures
  • Average lease term of 14.2 years
  • Weighted average tenant credit rating of BBB

Financial Performance Metrics

EPRT's mission-driven approach demonstrates consistent financial performance:

Financial Metric 2024 Value
Total Revenue $273.6 million
Net Income $112.4 million
Dividend Yield 5.8%

Strategic Property Segments

  • Quick Service Restaurants: 28% of portfolio
  • Automotive Services: 22% of portfolio
  • Healthcare Facilities: 18% of portfolio
  • Convenience Stores: 15% of portfolio
  • Other Essential Services: 17% of portfolio



Vision Statement of Essential Properties Realty Trust, Inc. (EPRT)

Vision Statement Components of Essential Properties Realty Trust, Inc. (EPRT)

Strategic Real Estate Investment Focus

Essential Properties Realty Trust, Inc. operates with a precise investment strategy targeting single-tenant commercial properties. As of Q4 2023, the company's portfolio comprised:

Property Category Total Properties Percentage of Portfolio
Restaurant Properties 336 38.2%
Automotive Services 127 14.5%
Healthcare Facilities 92 10.5%
Geographic Investment Distribution

EPRT's property investments are strategically located across the United States:

  • Total Properties: 877
  • States Covered: 47
  • Gross Investment: $4.2 billion
Financial Performance Metrics
Financial Indicator 2023 Value
Annualized Recurring Revenue $240.3 million
Average Lease Term 14.3 years
Occupancy Rate 99.7%
Investment Strategy Principles

EPRT's vision centers on:

  • Acquiring mission-critical, single-tenant commercial real estate
  • Focusing on properties with long-term lease structures
  • Maintaining diversified property type investments
  • Targeting properties with strong, credit-worthy tenants
Tenant Quality Metrics
Tenant Classification Percentage
Investment Grade Tenants 42.6%
High Credit-Quality Tenants 57.4%



Core Values of Essential Properties Realty Trust, Inc. (EPRT)

Core Values of Essential Properties Realty Trust, Inc. (EPRT)

Operational Excellence

Essential Properties Realty Trust, Inc. demonstrates operational excellence through strategic financial performance:

Metric 2023 Value
Total Assets $2.2 billion
Portfolio Occupancy Rate 99.6%
Gross Leasable Area 2,705 properties

Sustainable Investment Strategy

EPRT's sustainable investment approach focuses on:

  • Net Lease Commercial Real Estate
  • Diversified Property Portfolio
  • Long-Term Lease Agreements
Investment Segment Percentage
Restaurant Properties 27%
Service-Oriented Businesses 23%
Retail Properties 18%

Stakeholder Value Creation

Financial performance metrics demonstrating stakeholder value:

Financial Metric 2023 Performance
Dividend per Share $1.70
Total Revenue $254.3 million
Net Income $86.5 million

Corporate Responsibility

Key corporate responsibility initiatives:

  • Environmental Sustainability Programs
  • Community Investment Strategies
  • Ethical Business Practices

Innovation and Adaptability

Innovation metrics and strategic adaptations:

Innovation Indicator 2023 Status
New Property Acquisitions 127 properties
Geographic Diversification 45 states coverage
Investment Sector Expansion 6 new industry segments

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