Essential Properties Realty Trust, Inc. (EPRT) company profile
Close on Nov 12, 2026Market cap $6.09BP/E 22.5Yield –
About Essential Properties Realty Trust
Real Estate Investment Trusts, SIC 6798
Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust that acquires, owns, and manages single-tenant commercial properties. The company leases its freestanding real estate on a long-term net basis primarily to unrated middle-market operators within service-oriented and experience-based industries. Its customer base includes tenants operating across various sectors, such as quick-service and casual dining restaurants, car washes, medical and dental services, convenience stores, early childhood education, automotive services, equipment rental, and health and fitness facilities. The firm primarily executes transactions using sale-leaseback and master lease structures.
As of December 31, 2025, the company's portfolio comprises 2,300 properties, including one undeveloped land parcel and 150 properties securing mortgage loans receivable. Its real estate holdings are leased to tenants operating 659 commercial concepts across 48 U.S. states, with an overall portfolio occupancy rate of 99.7%. The provided filing text does not disclose the location of the company's corporate headquarters.
Summary of the business section of Essential Properties Realty Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Essential Properties Realty Trust, Inc.
- Founded
- 2016
- Headquarters
- Princeton, NJ
- Address
- 5 Vaughn Drive, Suite 202
- Phone
- (609) 436-0619
- Website
- essentialproperties.com
- Employees
- 56, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, New York, New York
Stock & identifiers
- Ticker
- EPRT
- Exchange
- NYSE
- IPO date
- Jun 22, 2018
- Shares outstanding
- 220M, Oct 21, 2026
- Public float
- $6.30B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1728951
- CUSIP
- 29670E107
- ISIN
- US29670E1073
- FIGI
- BBG00L17LGJ7
- Share class FIGI
- BBG00L17LH87
- LEI
- 2549009LXQLVYCGLZO50
- EIN
- 82-4005693
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Peter M. Mavoides | CEO, Director | 477,075 |
| Robert M. Jenkins | President and COO | 34,386 |
| Timothy J. Earnshaw | SVP, CAO & Treasurer | 71,562 |
| Craig J. Vachris | Executive VP and CIO | – |
| Robert Webb Salisbury | Executive VP, CFO and CSO | 8,310 |
| A. Joseph Peil | Executive VP and CIO | 76,866 |
| Mark E. Patten | Executive VP, CFO & Treasurer | 134,978 |
| Kristin L. Smallwood | Director | 6,233 |
| Scott A. Estes | Director | 102,603 |
| Janaki Sivanesan | Director | 25,306 |
| Stephen D. Sautel | Director | 182,603 |
| Joyce DeLucca | Director | 32,603 |
| Lawrence J. Minich | Director | 31,643 |
| Heather Leed Neary | Director | 30,743 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $9.63M | $7.91M | $2.09M | $172600 | $105430 |
| FY2024 | $8.34M | $19.33M | $2.05M | $175100 | $107290 |
| FY2023 | $7.30M | $13.33M | $2.14M | $137620 | $106310 |
| FY2022 | $9.79M | $8.11M | $1.74M | $120610 | $99590 |
| FY2021 | $5.89M | $11.74M | $1.77M | $141170 | $137290 |
| FY2020 | $2.78M | $1.28M | $1.69M | $90420 | $90800 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Peter M. Mavoides President and Chief Executive Officer (principal executive officer) | $800 | $6.85K | $1.95K | $31 | $9.63K | +16% |
| Mark E. Patten Former Executive Vice President, Chief Financial Officer (principal financial officer), Treasurer and Corporate Secretary | $550 | $1.57K | – | $31 | $2.16K | -22% |
| A Joseph Peil Executive Vice President and Chief Investment Officer | $385 | $930 | $746 | $24 | $2.09K | +22% |
| R. Max Jenkins Executive Vice President and Chief Operating Officer | $385 | $889 | $746 | $22 | $2.04K | +22% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Jun 22, 2018
- Offer price
- $14.00
- Securities offered
- 32,500,000
- Gross proceeds
- $455.00M
- Exchange
- NYSE
- First trading day
- Jun 21, 2018
- First-day close
- $13.64-2.6%
- Lock-up ends (est.)
- Dec 18, 2018
“Per Share Total Initial public offering price $ 14.00 $ 455,000,000 Underwriting discounts(1) $ 0.84 $ 27,300,000 Proceeds, before expenses, to us $ 13.16 $ 427,700,000 (1) We refer you to “Underwriting” beginning on page 240 of this prospectus for additional information regarding underwriting compensation.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 56 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 9, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 30, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 20, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 22, 2018 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 15, 2018 | Listing | Registration of securities on an exchange (Form 8-A) |
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