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 (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.