Essential Properties Realty Trust, Inc. has recently released its 10-Q report, providing a detailed insight into the company's financial condition and operations. The company, headquartered in Princeton, New Jersey, is a real estate investment trust that acquires, owns, and manages single-tenant properties across the United States. These properties are leased to middle-market companies in various industries on a long-term basis. As of December 31, 2021, the company had a portfolio of 1,451 properties and qualifies as a real estate investment trust for federal income tax purposes.
In the 10-Q report, Item 2 focuses on Management’s Discussion and Analysis of Financial Condition and Results of Operations. Essential Properties Realty Trust, Inc. is an internally managed real estate company that primarily acquires and manages single-tenant properties leased on a long-term basis to middle-market companies. As of June 30, 2025, 93.3% of the company's $507.8 million of annualized base rent was attributable to properties operated by tenants in service-oriented and experience-based businesses. The report outlines the company's primary business objective to maximize stockholder value by owning, managing, and growing a diversified portfolio of commercially desirable properties. As of June 30, 2025, the company had a portfolio of 2,190 properties, with annualized base rent of $507.8 million and a 99.6% occupancy rate.
The report also discusses the company's competitive strengths, including its carefully constructed portfolio leased to service-oriented or experience-based tenants. The portfolio is diversified by tenant, industry, concept, and geography, with no single tenant contributing more than 3.7% of the annualized base rent. Essential Properties Realty Trust, Inc. also emphasizes its differentiated investment strategy, disciplined underwriting leading to strong portfolio characteristics, experienced and proven management team, scalable platform allowing for significant growth, and extensive tenant financial reporting supporting active asset management. These strengths are outlined as key factors that distinguish the company from its competitors and enable it to compete effectively in the single-tenant, net-lease market. Today the company's shares have moved -1.04% to a price of $30.55. For more information, read the company's full 10-Q submission here.
