EPRT · Essential Properties Realty Trust, Inc.

The investor presentation furnished by Essential Properties Realty Trust, Inc. underscores the company's continued execution on its growth and capital allocation strategy. The company reported robust investment activity for the year-to-date period ending April 3, 2026, closing over $385 million in investments at an attractive ~7.7% cash yield. This volume is supported by a healthy pipeline, with an additional $233 million of investments currently under purchase and sale agreements or letters of intent. The operating portfolio remains highly stable, characterized by a 99.7% lease rate, a long weighted average lease term of 14.4 years, and minimal near-term lease expiration risk with only 5.2% of annualized base rent expiring through 2030. Financially, the company maintains a conservative profile with investment-grade ratings, 100% unencumbered assets, and low leverage of 3.1x Net Debt to Annualized Adjusted EBITDAre. Liquidity is robust at approximately $1.8 billion on a pro forma basis, bolstered by successful equity execution in the first quarter of 2026 which raised roughly $419 million. The company continues to recycle capital selectively, disposing of approximately $10 million in assets year-to-date at a 6.9% yield.