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 an internally managed REIT that acquires, owns and manages primarily single-tenant, freestanding commercial properties under long-term net leases. Its tenants operate service-oriented or experience-based businesses, and the company reports a large, highly leased portfolio with a long weighted average remaining lease term and a broad mix of tenant concepts across many U.S. states.
This news page aggregates company announcements, earnings releases and other updates related to EPRT. Readers can follow Essential Properties’ quarterly and annual operating results, including disclosures on net income, Funds from Operations (FFO), Adjusted Funds from Operations (AFFO), investment and disposition activity, capitalization rates, and leverage and liquidity metrics. The company’s releases also describe portfolio statistics such as property counts, occupancy, rent coverage ratios and the share of properties subject to master leases.
In addition to financial results, Essential Properties issues news about capital markets activity, such as public debt offerings, at-the-market equity program usage, follow-on equity offerings and changes to its revolving credit facility. The company also announces board and management changes, including the election of new independent directors and the appointment of senior executives, along with related governance details and indemnification arrangements.
Dividend declarations are another recurring theme in EPRT’s news flow, with the board of directors announcing quarterly cash dividends on common stock and any changes to the dividend rate. Investors and researchers can use this page to review Essential Properties’ press releases and related disclosures over time, providing context on how the company manages its net lease portfolio, finances growth and communicates with the market.
Essential Properties Realty Trust (EPRT) has declared a quarterly cash dividend of $0.24 per share for Q4 2020, marking an annualized increase to $0.96 per share, up by $0.04 from the previous year. This dividend will be payable on January 15, 2021 to shareholders of record by December 31, 2020. As of September 30, 2020, EPRT's portfolio comprised 1,096 strategically leased properties, achieving a remarkable 99.4% leasing rate across 214 tenants in 43 states, showcasing strong business positioning.
Essential Properties Realty Trust (NYSE: EPRT) reported its Q3 2020 results with a net income per diluted share of $0.13, a 28% decrease. However, Funds from Operations (FFO) rose 11% to $0.30. The company raised $219.6 million through equity offerings and achieved a 99.4% leased portfolio. Cash and equivalents, along with credit capacity, totaled $589.4 million. Investments reached $358.7 million across 126 properties. The weighted average cash cap rate stood at 7.2%. The cash dividend declared was $0.23, paid on October 15, 2020.
Essential Properties Realty Trust (NYSE: EPRT) reported it will release its Q3 2020 operating results after market close on November 4, 2020. The Company will hold a conference call on November 5, 2020, at 10:00 AM EST to discuss the results. Investors can access a live webcast of the call at www.essentialproperties.com. The Company’s portfolio as of June 30, 2020, included 1,060 properties, 99.6% leased to 215 tenants across 43 states, with an average lease term of 14.6 years.