Mark Patten's Colleagues at Essential Properties Realty Trust, Inc.
Mark Patten's Contact Details
609-436-0619
Essential Properties Realty Trust, Inc.
Mark Patten's Company Details
Essential Properties Realty Trust, Inc. (NYSE: EPRT) is a publicly-traded real estate company based in Princeton, NJ, that owns, acquires, and manages single-tenant net lease (STNL) properties. By utilizing sale-leaseback transactions, Essential provides growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential primarily targets tenants that operate service-oriented and experience-based businesses within industries like restaurants, car washes, automotive services, convenience stores, medical and dental clinics, pet care services, early childhood education, equipment rental and sales, entertainment, and health and fitness. The company is also actively engaged in the grocery and building materials industries. As of March 31, 2021, our portfolio consisted of 1,240 freestanding net lease properties with a weighted average lease term of 14.3 years and a weighted average rent coverage ratio of 3.0x. As of the same date, the portfolio was 99.1% leased to 259 tenants operating in 17 distinct industries across 43 states.