Texas Permanent School Fund Invests $1.98 Million in Essential Properties Realty Trust,

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Essential Properties Realty ($NYSE:EPRT) Trust, Inc. is a real estate investment trust (REIT) that primarily focuses on acquiring single-tenant, net-leased properties throughout the United States. It was founded by a group of seasoned real estate professionals with a deep understanding of the real estate industry and a commitment to creating a top-tier real estate investment firm. Recently, the Texas Permanent School Fund has invested $1.98 million in Essential Properties Realty Trust, Inc. stock. This investment is beneficial for both parties: it gives the Texas Permanent School Fund a strong, long-term position in an established REIT, and it helps Essential Properties Realty Trust, Inc. to continue its growth in the real estate industry. Essential Properties Realty Trust, Inc. also has a strategic focus on acquisitions that fit its growth objectives in terms of tenant concentration, geography, and property type.

Its portfolio includes a diverse mix of retail, office, industrial, flex, and hospitality assets across multiple states. It aims to provide investors with long-term capital appreciation and total returns through the ownership and management of a diversified portfolio of high-quality assets. The company’s management team has extensive experience in the acquisition, management, and disposition of high-quality real estate assets, and is focused on creating value through the analysis and execution of strategic transactions.

Price History

As a result, the stock of EPRT opened at $23.3 and closed at $24.0, up by 3.9% from its previous closing price of $23.1. Currently, the media coverage regarding ESSENTIAL PROPERTIES REALTY TRUST has been largely positive due to its new investment. They are focused on acquiring freestanding, single-tenant properties net leased to high quality tenants under long-term leases. The Texas Permanent School Fund is a permanent endowment fund of the State of Texas which is used to fund public education in the state. The fund is managed by the Texas Education Agency and the State Board of Education and is invested in a variety of assets, such as stocks, bonds and real estate.

This investment in ESSENTIAL PROPERTIES REALTY TRUST is part of the school fund’s strategy to diversify its portfolio and invest in high-yield investments with long-term potential. The investment by Texas Permanent School Fund into ESSENTIAL PROPERTIES REALTY TRUST will bring in much needed capital to the company and help them expand their portfolio of operationally essential real estate assets. With this additional capital, the company will have more resources to acquire and manage more single-tenant properties and grow their business. This new investment is a positive step for the company and is likely to have long-term benefits for both parties involved. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for EPRT. More…

Key Ratios Snapshot

Some of the financial key ratios for EPRT are shown below. More…

VI Analysis

ESSENTIAL PROPERTIES REALTY TRUST is a company that has solid fundamentals and long-term potential. According to the VI Star Chart, it is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes it an attractive investment for investors who are looking for a steady, reliable income. The company also has a high health score of 9/10 with regards to its cashflows and debt. This means that it is capable of paying off its debt and funding future operations. Furthermore, when it comes to its performance, ESSENTIAL PROPERTIES REALTY TRUST excels in dividend and growth, with a medium performance in asset and profitability. Overall, ESSENTIAL PROPERTIES REALTY TRUST is a strong investment choice for investors who are looking for steady returns with strong fundamentals. The company is well-positioned to pay off its debt and fund future operations while offering consistent dividends. More…

VI Peers

The company’s competitors include Balkan and Sea Properties Reit-Varna, Emirates Properties REIT, and Melcor Real Estate Investment Trust.

– Balkan and Sea Properties Reit-Varna ($LTS:0HZU)

Balkan and Sea Properties Reit-Varna is a real estate investment trust that owns and operates a portfolio of properties in the Balkans and the Black Sea region. The company’s portfolio includes office buildings, retail centers, hotels, and residential properties.

– Emirates Properties REIT ($LTS:0NXF)

Melcor Real Estate Investment Trust is a Canadian company that owns, develops, and operates a portfolio of properties in Alberta and Ontario. As of 2022, the company had a market capitalization of $72.85 million. The company’s portfolio includes office, retail, industrial, and residential properties.

Summary

The Texas Permanent School Fund recently invested $1.98 million in Essential Properties Realty Trust, Inc. The news of the investment has been well-received, with media coverage trending positive and the stock price increasing on the same day. This suggests that investors are optimistic about the company’s prospects for growth. Essential Properties Realty Trust, Inc. has potential for those looking to invest in real estate, as it provides a profitable opportunity for investors to diversify their portfolios.