Real Estate
Essential Properties Realty Trust Executive Compensation (FY25)
EPRT · Princeton, NJ · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Peter Mavoides | Latest say-on-pay support = May 11, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 22, 2026Latest filing (8-K): May 12, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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187 figures on this page: 169 cited to the filing that reported them, 18 calculated from figures it prints. See the citations
More on Essential Properties Realty Trust
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Mavoides: $8,339,000 → $9,634,000 (15.5% higher)
Say-on-pay support: 95.3% → 95.7% (0.4 points higher)
CEO pay ratio: 51:1 → 65:1 (27.5% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Essential Properties Realty Trust's chief executive and what were they paid?
Total compensation for Peter Mavoides, President and Chief Executive Officer (principal executive officer), came to $9,634,000 in fiscal 2025. Compared with the $8,339,000 reported for fiscal 2024, Mavoides' total was 15.5% higher.
What was Essential Properties Realty Trust's say-on-pay result?
The say-on-pay proposal drew 95.7% of votes cast for or against in favor at the meeting held May 11, 2026 for fiscal 2025.
Which companies are in Essential Properties Realty Trust's peer group?
The disclosed peer group names Acadia Realty Trust, Agree Realty Corporation, Broadstone Net Lease, Inc., EPR Properties and First Industrial Realty Trust, among others. The 2025 Compensation Peer Group includes Acadia Realty Trust, Agree Realty Corporation, Broadstone Net Lease, Inc., EPR Properties and First Industrial Realty Trust, among others. The 2025 TSR Peer Group names Getty Realty Corp., NETSTREIT Corp., Realty Income Corporation, Safehold Inc. and W.P. Carey Inc.
What is Essential Properties Realty Trust's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 65:1, against median employee compensation of $147,468.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Mavoides President and Chief Executive Officer (principal executive officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Patten President Chief Financial Officer (principal financial officer) Treasurer and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Mavoides President and Chief Executive Officer (principal executive officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Patten Former Executive Vice President, Chief Financial Officer (principal financial officer), Treasurer and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Mavoides President and Chief Executive Officer (principal executive officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Patten Executive Vice President, Chief Financial Officer (principal financial officer), Treasurer and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Aaron Peil Executive Vice President and Chief Investment Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
R. Randall Jenkins Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Mavoides President and Chief Executive Officer (principal executive officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Patten Former Executive Vice President, Chief Financial Officer (principal financial officer), Treasurer and Corporate Secretary Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A Joseph Peil Executive Vice President and Chief Investment Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
R. Randall Jenkins Executive Vice President and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Joseph Peil | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joseph Peil | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joseph Peil | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mark E. Patten | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mark E. Patten | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mark E. Patten | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Peter M. Mavoides | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Peter M. Mavoides | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Peter M. Mavoides | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| R. Max Jenkins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| R. Max Jenkins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| R. Max Jenkins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Peter Mavoides | RSU | ◇ | = | — | — |
| RSU | ◇ | = | — | — | |
| PSU | ◇ | = | — | — | |
| Mark Patten | RSU | ◇ | = | — | — |
| A Joseph Peil | PSU | ◇ | = | — | — |
| RSU | ◇ | = | — | — | |
| RSU | ◇ | = | — | — | |
| R. Randall Jenkins | RSU | ◇ | = | — | — |
| PSU | ◇ | = | — | — | |
| RSU | ◇ | = | — | — | |
| RSU | ◇ | = | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
A Joseph Peil
Executive Vice President, Chief Investment Officer · Employment agreement
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Scott A. Estes Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Kristin L. Smallwood | ◇ | ◇ | — | — | — | — | ◇ |
Janaki Sivanesan | ◇ | ◇ | — | — | — | — | ◇ |
Lawrence J. Minich | ◇ | ◇ | — | — | — | — | ◇ |
Joyce DeLucca | ◇ | ◇ | — | — | — | — | ◇ |
Heather L. Neary | ◇ | ◇ | — | — | — | — | ◇ |
Stephen D. Sautel | ◇ | ◇ | — | — | — | — | ◇ |
Peter M. Mavoides served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Acadia Realty Trust AKR
- Agree Realty Corporation ADC
- Broadstone Net Lease, Inc. BNL
- EPR Properties EPR
- First Industrial Realty Trust FR
- Four Corners Property Trust, Inc. FCPT
- Global Net Lease, Inc. GNL
- LXP Industrial Trust LXP
- NNN REIT, Inc. NNN
- STAG Industrial, Inc. STAG
- Urban Edge Properties UE
- Veris Residential VRE
2025 Compensation Peer Group
- Acadia Realty Trust AKR
- Agree Realty Corporation ADC
- Broadstone Net Lease, Inc. BNL
- EPR Properties EPR
- First Industrial Realty Trust FR
- Four Corners Property Trust, Inc. FCPT
- Global Net Lease, Inc. GNL
- LXP Industrial Trust LXP
- NNN REIT, Inc. NNN
- STAG Industrial, Inc. STAG
- Urban Edge Properties UE
2025 TSR Peer Group
- Getty Realty Corp. REIC
- NETSTREIT Corp. NTST
- Realty Income Corporation O
- Safehold Inc. SAFE
- W.P. Carey Inc. WPC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 11, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 12, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 13, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 15, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 16, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 17, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 30, 2020 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Peter Mavoides (President and Chief Executive Officer (principal executive officer)), FY2025 total compensation $9,634,000 (base salary $800,000) [exec_comp, SEC accession 0001193125-26-134683, filed 2026-03-31]What this page does not include
Everything above is a fact Essential Properties Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Essential Properties Realty Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
187 figures on this page: 169 cited to the filing that reported them, 18 calculated from figures it prints.
169 cited to the filing
18 calculated from the filing
Documents cited
- 0001728951-26-000035Annual Meeting, the Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the vote indicated below: Votes For Votes Against Abstentions
- 0001193125-26-1346832025 Grant of Plan-Based Awards · 2025 Summary Compensation Table · Director Compensation · Outstanding Equity Awards at December 31, 2025
- 0001728951-25-000088Annual Meeting, the Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the vote indicated below: Votes For Votes Against Abstentions
- 0001193125-25-0704832024 Summary Compensation Table
- 0001728951-25-000064Employment Agreement
- 0001728951-24-000079
- 0001728951-23-000051
- 0001193125-23-090907
- 0001728951-22-000064
- 0001728951-21-000047Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-20-020534Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Essential Properties Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EPRT (accessed 2026).
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The paid brief for Essential Properties Realty Trust
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings
Peers Essential Properties Realty Trust discloses
The companies named in EPRT's own disclosed peer group.
Acadia Realty TrustAgree Realty CorporationBroadstone Net Lease, Inc.EPR PropertiesFirst Industrial Realty TrustFour Corners Property Trust, Inc.Global Net Lease, Inc.LXP Industrial TrustNNN REIT, Inc.STAG Industrial, Inc.Urban Edge PropertiesVeris ResidentialNETSTREIT Corp.Realty Income CorporationSafehold Inc.W.P. Carey Inc.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}