EPRT Profile
Essential Properties Realty Trust, Inc. is a real estate investment trust (REIT) specializing in acquiring, owning, and managing single-tenant properties across the United States. The company's portfolio features properties leased to a diverse range of middle-market businesses, including those in the restaurant, car wash, automotive service, medical and dental services, convenience store, equipment rental, entertainment, early childhood education, grocery, and health and fitness sectors. These leases are typically long-term, providing stable and predictable income streams.
As of December 31, 2021, Essential Properties Realty Trust managed a portfolio of 1,451 properties. The company's strategic focus on single-tenant assets allows it to target a wide array of industries, thereby mitigating risk and enhancing portfolio stability. Its approach to property management and leasing is designed to ensure long-term, sustainable growth and value creation for its shareholders.
Essential Properties Realty Trust operates under the REIT structure, which offers significant tax advantages. By distributing at least 90% of its taxable income to shareholders, the company is generally exempt from federal corporate income taxes. This structure aligns the company's interests with those of its investors, supporting its goal of delivering competitive returns.
Founded in 2016 and headquartered in Princeton, New Jersey, Essential Properties Realty Trust has rapidly established itself as a significant player in the single-tenant real estate sector. The company's focus on high-quality properties and long-term leases positions it well for continued growth and value generation in the real estate market.
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