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Essential Properties Realty Trust - EPRT STOCK NEWS

Welcome to our dedicated page for Essential Properties Realty Trust news (Ticker: EPRT), a resource for investors and traders seeking the latest updates and insights on Essential Properties Realty Trust stock.

Essential Properties Realty Trust, Inc. (NYSE: EPRT) is a publicly-traded real estate investment trust (REIT) headquartered in Princeton, NJ. The company specializes in owning, acquiring, and managing single-tenant net lease (STNL) properties. Through sale-leaseback transactions, Essential Properties provides growth capital to middle-market companies with strong credit profiles and reliable operating histories.

Essential Properties focuses on tenants operating service-oriented and experience-based businesses across various industries, including restaurants, car washes, automotive services, convenience stores, gas stations, medical and veterinary services, early childhood education, movie theaters, entertainment venues, and health and fitness centers. As of March 31, 2018, the company's portfolio included 530 properties occupied by 127 tenants, spanning 112 different concepts in 15 industries and located across 42 states.

Essential Properties Realty Trust’s business model emphasizes long-term net leases, providing a stable income stream. The company targets properties that are fundamental to the tenant’s operations, ensuring higher tenant retention and lower vacancy risks.

Recent achievements include strategic sale-leaseback transactions, such as those with Red Robin Gourmet Burgers, Inc., which have helped to generate substantial proceeds used for debt repayment and further investment in high-quality properties. This strategy reflects Essential's commitment to maintaining a robust financial position and supporting tenant growth.

In addition to its core business, Essential Properties Realty Trust, Inc. actively manages its portfolio to optimize performance and maximize shareholder value. The company has established strong partnerships, ensuring a diversified and resilient portfolio that can withstand economic fluctuations.

For up-to-date news and developments, investors and stakeholders can follow the latest reports and announcements on EPRT's performance, strategic initiatives, and market activities.

News

Essential Properties Announces Fourth Quarter 2023 Results

Rhea-AI Summary
Essential Properties Realty Trust, Inc. (EPRT) reported a strong fourth quarter with net income per share of $0.31 and AFFO per share of $0.42. The company closed investments totaling $314.9 million at a 7.9% weighted average cash cap rate. They reiterated their 2024 AFFO guidance of $1.71 to $1.75 per share. The full year 2023 saw significant growth in net income, FFO, Core FFO, and AFFO per share. The CEO highlighted the strong investment activity and liquidity position of nearly $800 million, positioning the company well for future growth.
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Essential Properties Realty Trust, Inc. Announces 2023 Dividend Tax Status

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Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced that 86.0340% of the dividends paid to common shareholders for the 2023 tax year are classified for federal income tax purposes as a taxable distribution. The tax attributes of the common stock dividends paid per share are outlined, including the record date, payment date, rate per share, ordinary dividends, qualified dividends, section 199A dividends, and non-dividend distribution.
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Essential Properties Realty Trust, Inc. to Report Fourth Quarter 2023 Results on February 14, 2024

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Essential Properties Realty Trust, Inc. (NYSE: EPRT) will release its Q4 2023 operating results on February 14, 2024, followed by an earnings conference call and webcast on February 15, 2024. The webcast will be available on the Investor Relations section of the Company’s website. Investors can participate in the telephone conference call and access the replay through provided numbers and links.
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Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.285 per Share, a 1.8% Increase Over Prior Quarter

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Essential Properties Realty Trust, Inc. (NYSE: EPRT) increases its quarterly cash dividend to $0.285 per share for the fourth quarter of 2023, amounting to an annualized dividend of $1.14 per share.
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Essential Properties Realty Trust, Inc. Announces Retirement of Paul T. Bossidy, Chairman of the Board, and Appointment of Scott A. Estes as New Board Chair

Rhea-AI Summary
Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023. The Board will be reduced to seven members, with Scott A. Estes appointed as the new Chairman. CEO Mavoides expressed confidence in Estes and gratitude to Bossidy for his contributions.
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Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 1, 2023

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Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported financial results for Q3 2023. Total revenues decreased by $9.2 million, comparable restaurant revenue decreased by 3.4%, and net loss decreased by $4.5 million compared to Q3 2022. However, adjusted EBITDA increased by $2.9 million. Year-to-date, total revenues increased by $18.1 million, comparable restaurant revenue increased by 2.9%, and net loss decreased by $26.7 million compared to the same period in 2022. Adjusted EBITDA increased by $14.5 million. The company repaid $8.4 million of debt and repurchased $5.0 million of stock. Red Robin also completed a Sale-Leaseback transaction for nine restaurants, generating net proceeds of approximately $30.4 million. The company's CEO expressed confidence in the brand's comeback.
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Essential Properties Announces Third Quarter 2023 Results

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Essential Properties Realty Trust announces strong Q3 2023 results with increased net income and AFFO per share. Issues 2024 AFFO guidance of $1.71 to $1.75 per share. Increases bottom end of range for 2023 AFFO guidance. Highlights include investments of $213.3 million at a 7.6% cap rate and dispositions of $28.5 million at a 6.5% cap rate.
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Essential Properties Realty Trust, Inc. to Report Third Quarter 2023 Results on October 25, 2023

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Essential Properties Realty Trust to release Q3 2023 operating results on October 25, 2023
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Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

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Essential Properties Realty Trust, Inc. announces pricing of public offering of 10,440,000 shares of common stock at $23.00 per share.
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Essential Properties Realty Trust, Inc. Announces Public Offering of Common Stock

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Essential Properties Realty Trust, Inc. has commenced an underwritten public offering of 8,700,000 shares of its common stock on a forward basis. The underwriters have been granted a 30-day option to purchase up to an additional 1,305,000 shares. The Company expects to physically settle the forward sale agreements within approximately 12 months. The Company will not receive any proceeds from the sale of shares by the forward purchasers. The net proceeds from the settlement of the forward sale agreements will be used for general corporate purposes.
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FAQ

What is the current stock price of Essential Properties Realty Trust (EPRT)?

The current stock price of Essential Properties Realty Trust (EPRT) is $31.88 as of February 21, 2025.

What is the market cap of Essential Properties Realty Trust (EPRT)?

The market cap of Essential Properties Realty Trust (EPRT) is approximately 6.0B.

What does Essential Properties Realty Trust, Inc. do?

Essential Properties Realty Trust, Inc. owns, acquires, and manages single-tenant net lease properties through sale-leaseback transactions.

What types of tenants does Essential Properties Realty Trust, Inc. target?

The company targets tenants in industries such as restaurants, car washes, convenience stores, medical services, early childhood education, and entertainment.

Where is Essential Properties Realty Trust, Inc. headquartered?

The company is headquartered in Princeton, NJ.

How does Essential Properties Realty Trust, Inc. generate revenue?

The company generates revenue through long-term net leases with tenants, providing a stable income stream.

What is a sale-leaseback transaction?

A sale-leaseback transaction involves selling a property and simultaneously leasing it back from the buyer, providing capital to the seller and a long-term tenant for the buyer.

How many properties did Essential Properties Realty Trust, Inc. own as of March 31, 2018?

As of March 31, 2018, the company owned 530 properties.

How does Essential Properties Realty Trust, Inc. ensure tenant retention?

The company targets properties fundamental to the tenant's business operations, ensuring higher retention and lower vacancy risks.

What recent strategic achievements has Essential Properties Realty Trust, Inc. made?

Recent achievements include strategic sale-leaseback transactions, such as those with Red Robin Gourmet Burgers, Inc., generating substantial proceeds for debt repayment and further investment.

What kind of financial position does Essential Properties Realty Trust, Inc. maintain?

The company maintains a robust financial position through strategic transactions and a diversified property portfolio.

Where can investors find the latest news about Essential Properties Realty Trust, Inc.?

Investors can follow the latest news and updates on EPRT's performance, strategic initiatives, and market activities through their official announcements and financial reports.
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Essential Properties Realty Trust

NYSE:EPRT

EPRT Rankings

#rank Ranked by Market Cap
#rank Ranked by Dividends

EPRT Stock Data

5.97B
185.69M
0.63%
117.5%
6.67%
REIT - Diversified
Real Estate Investment Trusts
Link
United States
PRINCETON