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.
Essential Properties Realty Trust (NYSE: EPRT) announced the closing of an amended credit agreement, creating a new $450 million unsecured term loan facility with a 5.5-year term. The 2030 Term Loan initially bears interest at term SOFR plus a margin. The initial funding of $320 million was drawn, partly used to pay off the revolving credit facility. The remaining $130 million can be borrowed through January 2025. Swap agreements fix the initial funding's effective rate at approximately 4.99%. The loan aims to address EPRT's near-term debt needs, with strong bank support indicated.
Essential Properties Realty Trust (NYSE: EPRT) announced it will release its second quarter 2024 operating results on July 24, 2024, after market close. The company will hold an earnings conference call and audio webcast on July 25, 2024, at 10:00 a.m. ET to discuss the results.
Investors can access the webcast via the company's website. Domestic participants can dial 877-407-9208, and international participants can dial 201-493-6784 for the live call. A replay will be available, with domestic playback at 844-512-2921 and international playback at 412-317-6671, using PIN 13747626.
Essential Properties Realty Trust (NYSE: EPRT) announced a 1.8% increase in its quarterly cash dividend, now set at $0.29 per share for the second quarter of 2024. This brings the annualized dividend to $1.16 per share, reflecting a $0.02 increase from the previous rate. The dividend will be payable on July 12, 2024, to shareholders on record as of June 28, 2024.
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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