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 reports recurring REIT developments around a portfolio of primarily freestanding, single-tenant commercial properties net leased on long-term terms to service-oriented and experience-based businesses. Company updates commonly cover property acquisitions, dispositions, portfolio occupancy, lease duration, tenant rent coverage, and geographic and tenant-concept diversification.
Recurring announcements also include quarterly operating results, FFO, Core FFO and AFFO metrics, dividends and dividend tax treatment, leverage and liquidity updates, investor presentations, ATM activity, public common stock offerings, forward sale agreements, and uses of capital through its operating partnership.
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.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) will announce its fourth quarter operating results for the period ending December 31, 2021, after market close on February 16, 2022. A conference call will be held on February 17, 2022, at 10:00 a.m. EST to discuss these results. Those interested can join the webcast via the Investor Relations section of the Company's website. As of September 30, 2021, EPRT's portfolio included 1,397 net lease properties, boasting a 99.9% lease rate and a weighted average lease term of 13.9 years.
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.
Essential Properties Realty Trust (EPRT) reported strong financial results for Q3 2021, achieving a net income per share of $0.23, up 77% year-over-year. The AFFO per share increased 22% to $0.33. The company closed investments totaling $230.8 million at a 7.0% cash cap rate. For 2022, EPRT issued AFFO guidance between $1.46 and $1.50 per share. The company retains solid liquidity, with $427.5 million available, and has a portfolio occupancy rate of 99.9%.
Essential Properties Realty Trust (NYSE: EPRT) will disclose its third quarter operating results for the period ending September 30, 2021, on November 1, 2021, after market close. The company will host a conference call and audio webcast on November 2, 2021, at 11:00 a.m. Eastern Daylight Time to discuss these results. Interested parties can access the live broadcast via the Investor Relations section of the company's website. The company holds a portfolio of 1,325 properties, with a 99.8% lease rate across various sectors.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a quarterly cash dividend of $0.25 per share for Q3 2021, amounting to an annualized dividend of $1.00 per share. This dividend will be payable on October 14, 2021 to stockholders of record by the close of business on September 30, 2021. As of June 30, 2021, EPRT's portfolio comprised 1,325 leased properties, with a 99.8% lease occupancy rate and a weighted average lease term of 14 years.
Essential Properties Realty Trust (NYSE: EPRT) reported strong second-quarter results for 2021, achieving an 82% increase in net income per share to $0.20 and a 23% rise in FFO per share to $0.32. Investment activity was robust, with $223.2 million invested across 94 properties, primarily through sale-leaseback transactions. The company maintained a high rent collection rate of 99%, with July collections nearing 100%. Essential Properties raised its 2021 AFFO guidance to a range of $1.30 to $1.32, up from prior estimates of $1.24 to $1.28 per share.
Essential Properties Realty Trust (NYSE: EPRT) will release its second quarter operating results on July 28, 2021, after market close. The earnings conference call is scheduled for July 29, 2021, at 11:00 a.m. EDT. Investors can access a live audio webcast on the Company's website, with details for participation provided. As of March 31, 2021, Essential Properties owned 1,240 properties, boasting 99.1% leasing and an average lease term of 14.3 years. The Company focuses on single-tenant properties leased to service-oriented businesses.
Essential Properties Realty Trust (NYSE: EPRT) announced a public offering of $400 million in 2.950% Senior Notes due 2031, priced at 99.800% of the principal. The settlement is expected on June 28, 2021. Proceeds will be used to repay secured debt, credit facility amounts, and for general corporate purposes. The offering is under an effective shelf registration with the SEC. BofA Securities and others are managing the offering. The company emphasizes that this does not constitute a sale offer in jurisdictions where it would be unlawful.
Essential Properties Realty Trust (NYSE: EPRT) projects its 2021 Adjusted Funds from Operations (AFFO) at $1.24 to $1.28 per share. The company declared a quarterly cash dividend of $0.25 per share for Q2 2021, marking a 4.2% increase from Q1. The dividend is payable on July 15, 2021, to shareholders on record as of June 30, 2021. CEO Pete Mavoides expressed confidence in the company's investment pipeline and portfolio performance, leading to an increase in AFFO guidance and dividend payout, reflecting a solid foundation for shareholder growth.