Barclays initiated coverage of Essential Properties Realty Trust (EPRT) with an Overweight rating and $35.94 price target In many ways, Essential Properties crystallizes the basic menu of trade-offs in net lease, the analyst tells investors in a research note. The firm added that, amid higher cap rates, financial transparency, master leases, repeat clients, and other bespoke lease terms, Essential Properties seeks to play in a different “sandbox” than most of its peers.
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