Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.24 per Share for the First Quarter of 2021 and Date of 2021 Annual Meeting of Stockholders

Rhea-AI Summary

Essential Properties Realty Trust, Inc. (NYSE: EPRT) declared a quarterly cash dividend of $0.24 per share, totaling an annualized dividend of $0.96. This dividend will be payable on April 15, 2021, to stockholders of record as of March 31, 2021. Additionally, the company announced its 2021 Annual Meeting of Stockholders scheduled for May 17, 2021, for stockholders of record as of March 25, 2021 to vote on relevant matters.

Positive

• Quarterly cash dividend of $0.24 per share declared.
• Annualized dividend of $0.96 per share.
• High portfolio occupancy rate of 99.7%.

Negative

• None.

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.24 per share of common stock for the first quarter of 2021. This represents an annualized dividend of $0.96 per share of common stock. The dividend is payable on April 15, 2021 to stockholders of record as of the close of business on March 31, 2021.

In addition, the Company announced that it will be hosting its 2021 Annual Meeting of Stockholders on May 17, 2021, at which common stockholders of record as of March 25, 2021 will be entitled to vote on matters presented at the meeting.

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, 2020, the Company’s portfolio consisted of 1,181 freestanding net lease properties with a weighted average lease term of 14.5 years and a weighted average rent coverage ratio of 2.9x. As of the same date, the Company’s portfolio was 99.7% leased to 238 tenants operating 336 different concepts in 17 industries across 43 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210309005985/en/

FAQ

What is the dividend amount declared by EPRT?

EPRT declared a quarterly cash dividend of $0.24 per share.

When is the EPRT dividend payable?

The dividend is payable on April 15, 2021.

What is the record date for EPRT's dividend?

The record date for the dividend is March 31, 2021.

When is EPRT's Annual Meeting of Stockholders?

The Annual Meeting is scheduled for May 17, 2021.

What is the record date for the EPRT Annual Meeting?

The record date for the Annual Meeting is March 25, 2021.