Essential Properties Realty Trust (EPRT) Earnings Call Presentation

Portfolio Performance - The portfolio is 99.7% leased, demonstrating stability[15] - Same-store rent growth has averaged 1.4% over the last four quarters[15] - Only 5.4% of ABR is expiring through 2029, with a coverage ratio of 4.0x[15] - The portfolio has experienced an annualized rent loss of approximately 30 bps since inception in 2016[19] Balance Sheet and Liquidity - Pro forma Net Debt / Annualized Adjusted EBITDAre is 3.4x at 1Q'25-end, indicating low leverage[15] - The company has approximately $1.5 billion of pro forma liquidity[15] - The weighted average debt maturity is 3.9 years, with a weighted average interest rate of 4.1%[15] Investment Activity - Closed investments of approximately $227 million in 2Q'25 to date, with an expected cash yield of approximately 7.8%[15] - Approximately $29 million of dispositions closed in 2Q'25 to date at a 7.2% cash yield[15] - Approximately $237 million under PSA or LOI, with 2Q'25 expected cash yield of ~7.8%[15] Portfolio Composition - Top 10 tenants represent 17.3% of ABR, indicating diversification[15] - 93% of cash ABR comes from service-oriented and experience-based tenants[39]