Essential Properties Realty Trust, Inc. engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. The company is headquartered in Princeton, New Jersey and currently employs 48 full-time employees. The company went IPO on 2018-06-21. The firm owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. The firm has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Company’s portfolio consists of about 2,104 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.5x. In addition, the Company’s portfolio is leased to about 413 tenants operating 592 different concepts in 16 industries across 49 states.
