ADC - Essential Properties: 2 Reasons This REIT Is Outperforming Net Lease Peers

2024-06-06 02:13:02 ET

Summary

• Essential Properties Realty Trust is a high-quality net lease REIT that has outperformed the broader sector with a highly occupied portfolio.
• EPRT owns a diverse portfolio of nearly 2,000 single tenant retail properties on long-term triple net leases.
• We explore two reasons why this REIT could continue to outperform peers.

Net lease real estate continues to cement itself as one of the most successful and investor-friendly real estate sectors. The business is growing with a deeper pool of public REITs ( NETL ) than ever before. For those who are unfamiliar, a triple net, or NNN, lease is a unique form of lease agreement where the lessee agrees to reimburse the landlord for certain expenses. These expenses typically include property taxes, insurance, and maintenance. Triple net leases can vary in structure, with each piece being negotiable between the landlord and tenant....

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