Essential Properties Realty Trust Inc (NYSE: EPRT) is a net lease real estate investment trust that acquires, owns, and manages single-tenant operational real estate properties across the United States. The company generates revenue primarily through long-term net lease agreements, under which tenants pay base rent plus substantially all property-level operating expenses, including taxes, insurance, and maintenance. EPRT focuses on service-oriented and experience-based businesses, such as restaurants, car washes, automotive services, early childhood education, and medical and dental offices, which are less susceptible to e-commerce competition. As of the fiscal year ended December 31, 2025 (10-K filed February 11, 2026), the filing excerpts provided do not supply sufficient property count, tenant count, or financial detail to report specific portfolio or revenue metrics. EPRT is structured as a REIT, making it a dividend-paying entity by requirement. The company is headquartered in Princeton, New Jersey.

Revenue model

Long-term net leases where tenants pay base rent and substantially all property operating costs, providing the company with largely predictable rental income streams.

Products and services

Single-tenant net lease properties occupied by service-oriented and experience-based businesses including restaurants, car washes, automotive services, early childhood education centers, and medical and dental offices.

Customers and end markets

Single-tenant operators in service, experiential, and necessity-based retail end markets. Tenant businesses are generally resistant to e-commerce displacement.

Value-chain role

Property owner and landlord providing real estate capital to single-tenant operators via long-term net lease structures.

Geographic exposure

United States (specific state or regional breakdown not supported by the provided filing excerpts).

Source: SEC 10-K, filed 2026-02-11

Industry: Real Estate Investment Trusts Peers: Alexander & Baldwin, Inc. American Assets Trust Inc Global Net Lease Inc Broadstone Net Lease Inc W.p. Carey Inc /entities/esba Empire State Realty Trust Inc STORE CAPITAL LLC