Essential Properties Realty Trust, Inc. (EPRT) has named Robert W. Salisbury, CFA, as its new Chief Financial Officer, effective January 1, 2026. Salisbury will also assume the role of Executive Vice President. The appointment follows the departure of former CFO Mark E. Patten, who will leave the company on December 31, 2025, to pursue other opportunities.
Salisbury joined EPRT in 2023 as the head of capital markets and investor relations. In that capacity he led the company’s public‑market financing initiatives, secured debt and equity transactions that supported portfolio expansion, and managed relationships with institutional investors. His deep familiarity with EPRT’s long‑term net‑lease portfolio and his track record of disciplined capital allocation positioned him as the natural successor to Patten.
EPRT’s Q3 2025 earnings underscored the company’s robust financial footing. Revenue rose 23.7% to $144.93 million, driven by a 12% increase in AFFO per share and a 24% jump in total AFFO compared with the same period in 2024. Operating margin expanded to 63.61%, reflecting efficient cost management amid a high‑occupancy portfolio of 2,266 single‑tenant properties. Earnings per share of $0.48 met analyst consensus of $0.48, a beat of $0.00 in absolute terms but a 0% increase that still confirms the company’s ability to generate consistent cash flow.
President and CEO Peter M. Mavoides praised Salisbury’s leadership, noting that “Rob has helped lead our capital markets and investor relations functions, and he has been intimately involved in our strategy, finances and financial reporting. Rob’s familiarity with our Company and his demonstrated leadership skills make him the right choice to serve as the Company’s next Chief Financial Officer.” Mavoides added that the transition will preserve continuity while positioning EPRT to capitalize on emerging opportunities in the single‑tenant, service‑oriented real‑estate market.
Management has maintained its 2025 guidance, reaffirming expectations for continued revenue growth and AFFO expansion. The company’s strong Q3 performance and the appointment of an internal CFO signal confidence in its long‑term strategy and its ability to navigate a competitive real‑estate landscape. Investors will likely view the move as a stabilizing factor that preserves the company’s disciplined capital allocation and operational excellence.
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