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 (EPRT) operates as a leading real estate investment trust specializing in single-tenant net lease properties through sale-leaseback transactions. This page serves as your comprehensive resource for official company announcements, financial updates, and strategic developments.
Access curated press releases and news articles covering EPRT's property acquisitions, tenant partnerships, and earnings reports. Investors will find timely updates on portfolio growth across key sectors including restaurants, healthcare facilities, and automotive services – all critical to understanding the company's performance in the net lease REIT market.
Our aggregation of EPRT communications ensures you never miss:
• Quarterly financial results and SEC filings
• Strategic property acquisitions and lease agreements
• Leadership announcements and corporate governance updates
• Industry analysis relevant to commercial net lease trends
Bookmark this page for direct access to verified information from EPRRT's investor relations team, helping you make data-driven decisions without searching multiple sources.
Red Robin Gourmet Burgers (NASDAQ: RRGB) reported its fiscal first-quarter results ending April 21, 2024. Total revenue was $388.5 million, down $29.3 million from the previous year. Comparable restaurant revenue fell by 6.5%. Net loss widened to $9.5 million from $3.3 million last year. Adjusted EBITDA dropped to $12.2 million from $35.9 million.
Despite early second-quarter improvements, the company initiated a $21.2 million debt repayment and launched a new loyalty program on May 22. In a sale-leaseback transaction, Red Robin generated net proceeds of $23.4 million from ten restaurant properties.
Guidance for fiscal 2024 includes total revenue between $1.250 billion and $1.275 billion, with a slight decline in comparable restaurant revenue. Adjusted EBITDA is projected at $60-$70 million.
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