Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.26 per Share, a 4.0% Increase Over Prior Quarter

Rhea-AI Summary

Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.26 per share for Q4 2021. This marks an increase of $0.04 from the previous annualized dividend, bringing the total to $1.04 per share. The dividend will be payable on January 13, 2022, to stockholders of record by December 31, 2021. As of September 30, 2021, EPRT's portfolio included 1,397 leased properties, achieving a 99.9% lease rate and an average lease term of 13.9 years.

Positive

• Quarterly cash dividend increased to $0.26 per share.
• Annualized dividend raised to $1.04 per share, reflecting company confidence.
• Portfolio 99.9% leased, indicating strong rental income stability.

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 fourth quarter of 2021. On an annualized basis, this dividend of $1.04 per share of common stock represents an increase of $0.04 per share over the previous annualized dividend. The dividend is payable on January 13, 2022 to stockholders of record as of the close of business on December 31, 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 September 30, 2021, the Company’s portfolio consisted of 1,397 freestanding net lease properties with a weighted average lease term of 13.9 years and a weighted average rent coverage ratio of 3.5x. As of the same date, the Company’s portfolio was 99.9% leased to 297 tenants operating 423 different concepts in 17 industries across 45 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211206005225/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 Q4 2021?

Essential Properties Realty Trust (NYSE: EPRT) declared a dividend of $0.26 per share for Q4 2021.

When will EPRT's dividend be paid?

The dividend will be payable on January 13, 2022.

What is the total annualized dividend for EPRT?

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

What percentage of EPRT's portfolio is leased?

As of September 30, 2021, EPRT's portfolio was 99.9% leased.

How many properties does EPRT manage?

EPRT manages 1,397 freestanding net lease properties.