Essential Properties Realty Trust, Inc.

Good morning, ladies and gentlemen, and welcome to the Essential Property Realty Trust first quarter 2022 earnings conference call. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. This conference is being recorded and a replay of the call will be available two hours after the completion of the call for the next two weeks. Dial-in details for the replay can be found in today's press release. Additionally, there will be an audio webcast available on Essential Properties' website at www.essentialproperties.com, an archive of which will be available for 90 days. It is now my pleasure to turn the call over to Dan Donlan, Senior Vice President and Head of Capital Markets at Essential Properties. Thank you, Dan. You may begin.

Thank you, operator, and good morning, everyone. We appreciate you joining us today for Essential Properties' first quarter 2022 conference call. Here with me today to discuss our operating results are Pima Voides, our President and CEO, Greg Seibert, our COO, and Mark Patton, our CFO. During this call, we'll make certain statements that may be considered forward-looking statements under federal securities law. The company's actual future results may differ significantly from the matters discussed in these forward-looking statements, and we may not release revisions of those forward-looking statements to reflect changes after the statements were made. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the company's funds at the SEC and in yesterday's earnings press release. With that, Pete, please go ahead.

Thank you, Dan, and thank you to everyone who is joining us today for your interest in essential properties. The first quarter was another strong quarter for the company as our portfolio experienced solid same-store rent growth, Quarterly investment activity above our trailing eight quarter average and leverage moved down sequentially. In terms of portfolio, with no vacant properties at quarter end and same store rents growing 2% year over year, our granular portfolio of single tenant net lease properties remain stable and our tenants are performing well.