Essential Properties Realty Trust, Inc. (EPRT) Bundle
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 FocusEssential 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% |
EPRT's property investments are strategically located across the United States:
- Total Properties: 877
- States Covered: 47
- Gross Investment: $4.2 billion
| Financial Indicator | 2023 Value |
|---|---|
| Annualized Recurring Revenue | $240.3 million |
| Average Lease Term | 14.3 years |
| Occupancy Rate | 99.7% |
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 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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