ESSENTIAL PROPERTIES REALTY TRUST, INC.

Essential Properties Realty Trust, Inc. (NASDAQ: EPRT) operates as a real estate investment trust focused on acquiring, owning, and managing a diversified portfolio of single-tenant retail properties. The company's website is www.essentialproperties.com.

The REIT specializes in leasing properties to essential retail tenants across the United States, with a particular emphasis on businesses that provide necessity-based goods and services to consumers. Essential Properties' portfolio includes properties leased to tenants in categories such as grocery stores, pharmacies, discount retailers, quick-service restaurants, and other essential service providers. This strategic focus on essential retail creates a business model designed to generate stable, recurring rental income with lower vacancy risk compared to discretionary retail segments.

The company operates through a single reportable segment focused on real estate rental operations. Essential Properties generates revenue primarily through base rental income from its leased properties, supplemented by tenant reimbursements for operating expenses, real estate taxes, insurance, and common area maintenance costs. The REIT maintains a geographically diversified portfolio spread across multiple states, reducing concentration risk and providing exposure to various regional markets.

Essential Properties' business model emphasizes long-term lease agreements with creditworthy tenants, typically featuring annual rent escalations and expense recovery provisions that help protect against inflation. The company actively pursues acquisitions of additional single-tenant retail properties that meet its investment criteria, focusing on properties in strong demographic areas with essential retail tenants demonstrating consistent operational performance.

The REIT maintains a capital structure supported by a revolving credit facility and term loan arrangements, as evidenced by the sixth amendment to its amended and restated credit agreement dated February 6, 2025, which extended the revolving credit commitment period and increased available liquidity. This financing framework enables Essential Properties to fund acquisitions, refinance maturing debt, and maintain operational flexibility while managing its leverage profile in accordance with established financial covenants and metrics.