
What smart money is saying about Essential Properties Realty Trust
2 funds in our archive have pitched Essential Properties Realty Trust — most recently Tributary Capital Management Multi Cap Core Equity Strategy in June 2026.
Essential Properties Realty Trust, Inc. (EPRT) is a real estate enterprise focused on the acquisition, ownership, and management of freestanding, single-tenant commercial properties throughout the United States. The company leases these assets under long-term agreements to a diverse range of mid-sized businesses. Its tenant base spans various sectors, including dining establishments, automotive care facilities (like car washes and repair shops), medical and dental practices, convenience stores, equipment rental providers, entertainment venues, early childhood education centers, grocery outlets, and health and fitness clubs. As of December 31, 2021, EPRT's property portfolio included 1,451 locations. For federal income tax purposes, the company operates as a real estate investment trust (REIT), which generally exempts it from corporate income taxes, provided it distributes at least 90% of its taxable profits to its shareholders. The company was founded in 2016 and maintains its corporate headquarters in Princeton, New Jersey.
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Position history
Between Q1 2026 and Q2 2026, 3 fund letters reported a position in Essential Properties Realty Trust — 1 opened or added to the position, 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 1 | 2 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 3 moves
- June 2026
“We exited the Fund’s position in Essential Properties Realty Trust, Inc. and reallocated to the proceeds to other REITs that we believe may offer superior return potential.”
Essential Properties Realty Trust - June 2026
“We exited the Strategy’s position in Essential Properties Realty Trust, Inc. and reallocated to the proceeds to other REITs that we believe may offer superior return potential.”
Essential Properties Realty Trust - June 2026
“PORTFOLIO CHANGES Nine positions were added to the strategy in the second quarter.”
Essential Properties Realty Trust
Fund coverage · 2 theses
Essential Properties Realty Trust benefits from long-term leases, same-store rent growth and acquisition returns above its cost of capital.
Read the full thesis- Baron Real Estate Income FundMarch 2026
Essential Properties Realty Trust, Inc. targets underserved middle-market sale-leasebacks, offering diversified credit quality, best-in-class growth, a solid dividend, and discounted valuation.
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