Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.26 Per Share for the First Quarter of 2022

Rhea-AI Summary

Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.26 per share for Q1 2022, translating to an annualized dividend of $1.04 per share. The dividend is set to be paid on April 13, 2022, to shareholders recorded by March 31, 2022. As of December 31, 2021, EPRT owned 1,451 net lease properties, boasting a 99.9% leasing rate and a weighted average lease term of 14.0 years, showing strong portfolio stability.

Positive

• Quarterly cash dividend of $0.26 per share indicates steady income for shareholders.
• 99.9% leasing rate reflects strong demand and stability in the portfolio.

Negative

• None.

PRINCETON, N.J.--(BUSINESS WIRE)-- Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.26 per share of common stock for the first quarter of 2022. This represents an annualized dividend of $1.04 per share of common stock. The dividend is payable on April 13, 2022 to stockholders of record as of the close of business on March 31, 2022.

About Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of December 31, 2021, the Company’s portfolio consisted of 1,451 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 3.7x. As of the same date, the Company’s portfolio was 99.9% leased to 311 tenants operating 433 different concepts in 16 industries across 46 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315006287/en/

Investor/Media:

Essential Properties Realty Trust, Inc.

Daniel Donlan

Senior Vice President, Capital Markets

609-436-0619

info@essentialproperties.com

Source: Essential Properties Realty Trust, Inc.

FAQ

What is the dividend amount declared by EPRT for Q1 2022?

EPRT declared a quarterly cash dividend of $0.26 per share for Q1 2022.

When is the dividend for EPRT payable?

The dividend is payable on April 13, 2022.

What is the record date for EPRT's dividend payment?

The record date for the dividend payment is March 31, 2022.

What percentage of EPRT's properties are leased?

As of December 31, 2021, 99.9% of EPRT's properties were leased.

What is the annualized dividend amount for EPRT?

The annualized dividend amount for EPRT is $1.04 per share.