Peter M. Mavoides has been the CEO of Essential Properties Realty Trust since 2018. He studied finance at the University of Maryland, and has built a solid track record in the real estate investment trust (REIT) sector. Before joining Essential...

Current Market Cap

$5.99B

Number of Employees

40

Total Compensation

2019 - 2023

Trending down by -60.00% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 16.67% last year

Bonus

Down by -99.85% last year

Other

Up by 17.65% last year

Year

2023

Total Compensation

$701.74K

Salary

$700.00K

Board Justification

The compensation philosophy is designed to align executive pay with company performance and stockholder interests, emphasizing pay-for-performance and competitive compensation to attract and retain top talent.

Bonus

$1.72K

Board Justification

The cash bonus for 2023 was based on the weighted achievement of corporate and individual performance metrics, resulting in a payout of $1,724,000, which is 164% of the target bonus opportunity.

Other

$20.00

Board Justification

This includes matching contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation and performance metrics for the year.

Performance Metrics

The performance metrics for 2023 included AFFO per share, gross investments, recurring cash G&A expense, same store rent growth, net debt-to-annualized adjusted EBITDAre ratio, and ESG initiatives.

SEC Filing

From April 2, 2024

Peter M. Mavoides

CEO of Essential Properties Realty Trust

E

Education

Mr. Mavoides holds a B.S. in Finance from the University of Maryland.

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1971 - 53 years ago

Is Founder?

No

Current Tenure

6 years 5 months (Jun 2018 - Present)

Previous Experience

Prior to joining Essential Properties Realty Trust, Inc., Mr. Mavoides held various positions in the real estate investment and management sectors.