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.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a quarterly cash dividend of $0.27 per share for Q3 2022, amounting to an annualized dividend of $1.08. The dividend will be paid on October 14, 2022 to stockholders of record by September 30, 2022. As of June 30, 2022, EPRT's portfolio includes 1,561 properties, 99.9% leased to 322 tenants across 46 states, with a weighted average lease term of 13.8 years and a rent coverage ratio of 4.0x.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a public offering of 7,600,000 shares of common stock at $23.00 per share, upsizing from a previous offering of 6,500,000 shares. The underwriters have a 30-day option to purchase up to an additional 1,140,000 shares. The net proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes, including future investments. The offering is set to close on August 4, 2022, pending customary conditions.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has initiated an underwritten public offering of 6,500,000 shares of its common stock, with a potential additional 975,000 shares available to underwriters. Proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes, including potential future investments. Wells Fargo Securities, BofA Securities, and Citigroup are the joint book-running managers for the offering. The offering is made under the Company’s effective shelf registration statement with the SEC.
Essential Properties Realty Trust reported significant financial growth for Q2 2022, with net income per share rising 35% to $0.27 and AFFO per share up 12% to $0.38. The company closed investments worth $175.7 million at a 7.0% cap rate, while net proceeds from dispositions totaled $26.1 million. They have raised equity grossing $32.6 million through their ATM program. The company has increased its 2022 AFFO guidance to between $1.52 and $1.54 per share, reflecting strong portfolio performance, high occupancy rates, and solid rent growth.
Essential Properties Realty Trust (NYSE: EPRT) announced its upcoming release of operational results for the second quarter ending June 30, 2022. The results will be disclosed after market close on Thursday, July 28, 2022. An earnings conference call and audio webcast is scheduled for Friday, July 29, 2022, at 11:00 a.m. Eastern Time to discuss these results. Investors can access the live broadcast via the Company's website.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of
Essential Properties Realty Trust (EPRT) reported strong first quarter 2022 results with a net income per share of $0.21, representing a 50% increase year-over-year. The company closed investments totaling $237.8 million at a 7.0% weighted average cash cap rate. Additionally, EPRT raised its 2022 AFFO guidance to between $1.50 and $1.53 per share. Key operational metrics include investments in 105 properties and a robust portfolio of 1,545 properties with a weighted average lease term of 13.9 years.
Essential Properties Realty Trust (NYSE: EPRT) will announce its Q1 2022 operating results on April 27, 2022, after market close. The earnings conference call is scheduled for April 28, 2022, at 10:00 AM EDT. Interested parties can access the webcast through the Company’s website, starting 15 minutes prior to the call. The Company, as of December 31, 2021, managed a portfolio of 1,451 properties, with an average lease term of 14 years and a 99.9% lease rate across multiple industries.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.26 per share for Q1 2022, translating to an annualized dividend of $1.04 per share. The dividend is set to be paid on April 13, 2022, to shareholders recorded by March 31, 2022. As of December 31, 2021, EPRT owned 1,451 net lease properties, boasting a 99.9% leasing rate and a weighted average lease term of 14.0 years, showing strong portfolio stability.
Essential Properties Realty Trust reported a fourth quarter net income per share of $0.24, a 380% increase, and AFFO per share of $0.37, up 37%. The company made investments of $322.2 million with a weighted average cash cap rate of 6.9%. For full year 2021, net income per share rose 86% to $0.82. The company increased its 2022 AFFO guidance to a range of $1.47 to $1.51.
Essential Properties remains optimistic about future investment opportunities despite capital market volatility.
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