Peter Mavoides

President, Chief Executive Officer & Director, ESSENTIAL PPT RLTY TST

Search every verified Peter Mavoides interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Peter Mavoides, president and CEO of Essential Properties Realty Trust, discussed the company’s growth strategy and market conditions in interviews during 2023. At Nareit’s REITworld conference in November, he said the most common investor question concerned external growth in the current economic environment. He described the company as a sale-leaseback capital provider to middle-market tenants, stating that these tenants lack alternative capital sources, which allows the company to secure favorable pricing and cap rates at levels he said he had not seen in 25 years. He noted that despite broader capital market challenges, the company maintained nearly $1 billion in liquidity and leverage of 3.7 times annualized adjusted EBITDA, positioning it to deploy capital. He also mentioned plans to open a satellite office in Jersey City to attract talent. In a May 2023 interview at ICSC ReCon, Mavoides commented on commercial real estate conditions, stating that debt capital is scarce and priced wide, creating challenges for the transaction market. He said the capital markets need time to settle out and that normalization of the yield curve would be important for market functioning. He also discussed the use of technology and AI as tools for data analysis, noting that his team was exploring ways to become more efficient, while emphasizing that investment decisions ultimately rely on informed judgment.