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Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.27 per Share, a 3.8% Increase Over Prior Quarter
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.27 per share for Q2 2022, representing an annualized dividend of $1.08, an increase of $0.04 from the previous year. This dividend is payable on July 14, 2022, to stockholders of record as of June 30, 2022. As of March 31, 2022, the company’s portfolio consists of 1,545 net lease properties, fully leased with a weighted average lease term of 13.9 years.
Positive
Quarterly cash dividend of $0.27 per share improves shareholder income.
Annualized dividend increased to $1.08 per share, a $0.04 increase over the previous year.
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 $0.27 per share of common stock for the second quarter of 2022. On an annualized basis, this dividend of $1.08 per share of common stock represents an increase of $0.04 per share over the previous annualized dividend. The dividend is payable on July 14, 2022, to stockholders of record as of the close of business on June 30, 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 March 31, 2022, the Company’s portfolio consisted of 1,545 freestanding net lease properties with a weighted average lease term of 13.9 years and a weighted average rent coverage ratio of 3.8x. In addition, as of March 31, 2022, the Company’s portfolio was 100.0% leased to 323 tenants operating 461 different concepts in 16 industries across 46 states.
