Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.285 per Share, a 1.8% Increase Over Prior Quarter

Rhea-AI Summary

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.

Positive

• The increase in quarterly cash dividend reflects the company's financial stability and commitment to rewarding shareholders.

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 $0.285 per share of common stock for the fourth quarter of 2023. On an annualized basis the fourth quarter 2023 dividend of $0.285 equals $1.14 per share, an increase of $0.02 per share compared to the previous annualized dividend. The dividend is payable on January 12, 2024 to stockholders of record as of the close of business on December 29, 2023.

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, 2023, the Company’s portfolio consisted of 1,793 freestanding net lease properties with a weighted average lease term of 13.9 years and a weighted average rent coverage ratio of 4.0x. In addition, as of September 30, 2023, the Company’s portfolio was 99.8% leased to 363 tenants operating 584 different concepts in 16 industries across 48 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231204546910/en/

Investor/Media:

Essential Properties Realty Trust, Inc.

Robert W. Salisbury, CFA

Senior Vice President, Capital Markets

609-436-0619

info@essentialproperties.com

Source: Essential Properties Realty Trust, Inc.

FAQ

What is the quarterly cash dividend declared by Essential Properties Realty Trust, Inc. for the fourth quarter of 2023?

The quarterly cash dividend declared by Essential Properties Realty Trust, Inc. for the fourth quarter of 2023 is $0.285 per share of common stock.

When will the dividend be payable to stockholders of Essential Properties Realty Trust, Inc.?

The dividend will be payable on January 12, 2024, to stockholders of record as of the close of business on December 29, 2023.

What is the annualized dividend for the fourth quarter of 2023 for Essential Properties Realty Trust, Inc.?

The annualized dividend for the fourth quarter of 2023 for Essential Properties Realty Trust, Inc. is $1.14 per share, an increase of $0.02 per share compared to the previous annualized dividend.