EPRT - Essential Properties Realty Trust Is Still A Buy - Here's Why
2024-06-06 03:39:11 ET
Summary
- Essential Properties Realty Trust has a highly effective investment strategy, which translates into top-tier business metrics, incl. high occupancy rate, outstanding WALT, and impressive rent escalators.
- It has outperformed other triple-net lease REITs in terms of AFFO per share growth and has provided decent dividend growth.
- The company remains an attractive addition to a portfolio with a clear value proposition and potential for multiple appreciation.
Investment thesis
Essential Properties Realty Trust ( EPRT ) is guided by an effective investment strategy, which translates into elite-level business metrics:
- outstanding WALT
- impressive rent escalators
- high occupancy rate
- attractive cap rates
- well-diversified portfolio in terms of geography, tenants, and their sectors