An Overview of Essential Properties Realty Trust, Inc. (EPRT)

General Summary of Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc. (EPRT) was established in 2016 and specializes in single-tenant, net lease properties. The company primarily focuses on acquiring and managing high-quality, income-generating commercial properties that are leased to corporate tenants on a long-term basis. As of 2024, EPRT has expanded its portfolio significantly, featuring properties in various sectors such as retail, service, and healthcare.

As of the start of 2024, EPRT owns over 400 properties across 44 states, with a total real estate portfolio valued at approximately $1.6 billion. In the fiscal year 2023, the company reported a total revenue of $173 million, driven largely by its strategic acquisitions and a growing tenant base.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the fourth quarter of 2023, Essential Properties Realty Trust achieved record-breaking revenue, which marked a 15% increase year-over-year. The main product sales, particularly from retail and service sectors, contributed approximately $145 million to this revenue. The company reported net income of $54 million for the year, equating to $1.22 per diluted share.

Key financial metrics from the latest report include:

Additionally, the company experienced a significant growth in its tenant base, resulting in a 8% increase in rental income compared to the previous year. EPRT's occupancy rate remained high at approximately 99%, reflecting strong demand for its properties across various sectors.

Introduction to Company as One of the Industry Leaders

Essential Properties Realty Trust is recognized as a leading player in the net lease real estate investment trust (REIT) sector. The company has established a robust and diversified portfolio that minimizes risk while maximizing returns. With its strategic emphasis on acquiring properties in high-growth markets and maintaining long-term lease agreements, EPRT positions itself favorably against competitors. In 2024, EPRT's market capitalization stands at approximately $1.8 billion, solidifying its ranking as a top performer in the industry.

To understand why Essential Properties Realty Trust is successful, consider the following attributes:

• Diverse Property Portfolio: EPRT owns a variety of properties, reducing exposure to any single sector.
• Strong Financial Performance: Consistent revenue growth with increasing net income.
• High Occupancy Rates: Maintaining a nearly full occupancy rate ensures stable revenue.
• Strategic Acquisitions: Continual investment in high-value markets enhances portfolio strength.

For a more comprehensive understanding of EPRT's strategic initiatives and performance metrics, further exploration is encouraged below.

Mission Statement of Essential Properties Realty Trust, Inc. (EPRT)

Company's Mission Statement Overview

Essential Properties Realty Trust, Inc. (EPRT) focuses on building and managing a portfolio of high-quality properties primarily leased to well-positioned, creditworthy tenants. Their mission statement articulates their commitment to investment excellence, innovative real estate solutions, and operational efficiency. This guiding document is pivotal in aligning their strategic objectives and maintaining accountability across their operations.

Core Component 1: Investment Excellence

The first core component of EPRT’s mission statement is Investment Excellence. EPRT strives to create a diversified portfolio of properties that not only generates attractive returns but also contributes positively to the communities in which they operate. As of Q3 2023, the total market capitalization of EPRT was approximately $1.4 billion, with assets under management exceeding $1.2 billion.

In 2022, EPRT reported a total revenue of $145 million, reflecting a year-over-year increase of 12%. This growth demonstrates EPRT's adeptness at identifying lucrative investment opportunities and managing risk effectively.

Core Component 2: Innovative Real Estate Solutions

The second core component is Innovative Real Estate Solutions. EPRT focuses on utilizing advanced technology and creative strategies to enhance property management and tenant engagement. For instance, EPRT employed a new property management software in 2023 that improved operational efficiency by 15%, leading to reduced operational costs.

According to the latest industry data, the real estate technology market is expected to reach $3 trillion by 2025, indicating the importance of embracing innovation within the sector. EPRT's proactive approach distinguishes it in a competitive market.

Core Component 3: Operational Efficiency

The third core component is Operational Efficiency. EPRT prioritizes streamlining operations to maximize profitability and minimize waste. In 2023, the company reduced its operating expenses by 10%, resulting in an operating margin of 35%. The effective management of costs allows EPRT to reinvest capital into the business to fuel further growth.

A strategic focus on improving tenant relationships also enhances occupancy rates. As of late 2023, EPRT maintained a tenant retention rate of 98%, showcasing its commitment to operational excellence.

Vision Statement of Essential Properties Realty Trust, Inc. (EPRT)

Vision Statement Overview

The vision statement of Essential Properties Realty Trust, Inc. (EPRT) encapsulates the company's long-term goals and aspirations for growth and impact within the real estate sector. The vision is directed towards establishing a sustainable and diversified portfolio that maximizes shareholder value while providing best-in-class service to its tenants.

Commitment to Diversification

EPRT aims to enhance its portfolio through diversification across various sectors. The company focuses on single-tenant properties primarily within the retail and service sectors, which contribute significantly to its revenue streams.

As of Q3 2023, EPRT owned 1,501 properties located in 49 states, with a total investment of approximately $3.2 billion.

Focus on Sustainable Growth

The vision emphasizes sustainable growth through strategic acquisitions and organic portfolio expansion. EPRT projects to achieve a compound annual growth rate (CAGR) of 8-10% in Funds From Operations (FFO) over the next five years.

The company's total revenue for 2022 was reported at $172.5 million, indicating a growth trajectory supported by its vision of sustainability.

Enhancing Shareholder Value

EPRT's vision statement prioritizes the enhancement of shareholder value as a core principle. In 2023, the company had a total shareholder return (TSR) of 22.7%, highlighting the effectiveness of its strategic initiatives.

The annual dividends declared were approximately $1.03 per share, reflecting a strong commitment to returning value to shareholders.

Tenant-Focused Strategy

Central to EPRT's vision is the commitment to providing excellent service to tenants, ensuring their long-term success and stability. As of 2023, EPRT reported a lease expiration schedule with a weighted average remaining term of 10.3 years, indicating stability in rental income.

Long-Term Strategic Partnerships

EPRT’s vision includes forming long-term strategic partnerships with tenants, which is vital for ensuring stability and consistent income. As of Q3 2023, EPRT has approximately 99% of its leases with investment-grade-rated or equivalent tenants.

Commitment to Community Impact

The company envisions a significant impact on the communities where it operates. EPRT plays a role in economic development by supporting local businesses and contributing to job creation. In 2023, EPRT's properties were estimated to generate over 25,000 jobs across various locations.

Core Values of Essential Properties Realty Trust, Inc. (EPRT)

Integrity

Integrity is fundamental to the operations of Essential Properties Realty Trust, Inc. (EPRT). It denotes a commitment to transparency and ethical decision-making in all business dealings.

In 2023, EPRT reported a commitment to integrity through the establishment of a rigorous compliance program. This program aimed to ensure adherence to regulatory requirements and ethical standards. For instance, EPRT successfully completed its annual audit conducted by a third-party firm, with no material weaknesses identified in its internal controls.

Furthermore, EPRT's Code of Ethics is reviewed and updated annually to reflect current best practices. In 2023, training sessions on ethical conduct were provided to 100% of employees, indicating its steadfast dedication to maintaining a culture of integrity.

Customer Focus

Customer Focus underscores EPRT’s commitment to understanding and meeting the needs of its tenants and stakeholders.

The company has implemented a tenant satisfaction survey, which reported an 85% satisfaction rate among its tenants in 2023. This feedback helped EPRT to enhance tenant services, including improved communication channels and faster response times for maintenance requests.

Innovation

Innovation drives EPRT’s operational strategy, ensuring that the company remains competitive in the real estate sector.

In 2023, EPRT adopted advanced property management software that integrated artificial intelligence, leading to a 30% reduction in operational costs. This software provided predictive analytics, optimizing property maintenance schedules and reducing downtime.

The company also launched an internal innovation incubator, resulting in three pilot projects aimed at enhancing sustainability in portfolio properties. These initiatives are expected to reduce energy consumption by 20%, aligning with industry trends towards eco-friendly operations.

Collaboration

Collaboration emphasizes teamwork within the organization and partnerships with external stakeholders.

In 2023, EPRT formed alliances with local community organizations, culminating in 10 joint initiatives aimed at enhancing community engagement. These initiatives included development projects that contributed to 150 new housing units in underserved areas.

• Partnerships with five local nonprofits
• Volunteer programs engaging over 200 employees
• Collaborative workshops with community members held quarterly

Accountability

Accountability ensures that individuals within the organization take responsibility for their actions.

In its 2023 annual report, EPRT highlighted the establishment of a performance management system that aligns employee objectives with company goals. This system has improved accountability, leading to a 15% increase in employee performance ratings compared to the previous year.

EPRT also holds quarterly reviews to assess progress against strategic goals, fostering a culture where accountability is central to success.

Commitment to Sustainability

Commitment to Sustainability defines EPRT's approach to responsible real estate investment.

As of 2023, EPRT has implemented sustainability measures across 75% of its properties, including energy-efficient upgrades that are projected to save over $1.5 million annually in energy costs. EPRT is on track to achieve its goal of having 100% of its portfolio certified by a recognized green standard by 2025.