Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.25 per Share for the Third Quarter of 2021

Rhea-AI Summary

Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a quarterly cash dividend of $0.25 per share for Q3 2021, amounting to an annualized dividend of $1.00 per share. This dividend will be payable on October 14, 2021 to stockholders of record by the close of business on September 30, 2021. As of June 30, 2021, EPRT's portfolio comprised 1,325 leased properties, with a 99.8% lease occupancy rate and a weighted average lease term of 14 years.

Positive

• Quarterly cash dividend of $0.25 per share, signaling financial confidence.
• 99.8% lease occupancy rate indicates strong demand.
• 1,325 properties in the portfolio with a long-term weighted average lease term of 14 years.

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 $0.25 per share of common stock for the third quarter of 2021. This represents an annualized dividend of $1.00 per share of common stock. The dividend is payable on October 14, 2021 to stockholders of record as of the close of business on September 30, 2021.

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 June 30, 2021, the Company’s portfolio consisted of 1,325 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 3.2x. As of the same date, the Company’s portfolio was 99.8% leased to 281 tenants operating 402 different concepts in 16 industries across 44 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210902005804/en/

Investor/Media:

Essential Properties Realty Trust, Inc.

Daniel Donlan

Senior Vice President, Capital Markets

609-436-0626

info@essentialproperties.com

Source: Essential Properties Realty Trust, Inc.

FAQ

What is the dividend amount declared by EPRT for Q3 2021?

EPRT declared a quarterly cash dividend of $0.25 per share for Q3 2021.

When is the dividend payment date for EPRT?

The dividend is payable on October 14, 2021.

When is the record date for EPRT's dividend?

The record date for the dividend is September 30, 2021.

What is the annualized dividend for EPRT?

The annualized dividend for EPRT is $1.00 per share.