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 declared a quarterly cash dividend of $0.275 per share for Q4 2022, with an annualized amount of $1.10, reflecting a $0.02 increase from the previous year. The dividend payment is scheduled for January 13, 2023, to shareholders recorded by December 30, 2022. As of September 30, 2022, the Company owned 1,572 properties, boasting a 99.8% lease occupancy and a weighted average lease term of 14.0 years.
Essential Properties Realty Trust (EPRT) reported strong third quarter results with a net income per share of $0.26, up 13% year-over-year, and an adjusted funds from operations (AFFO) per share of $0.38, reflecting a 15% increase. The company closed investments totaling $195.5 million at a weighted average cash cap rate of 7.1%. EPRT projects 2023 AFFO per share guidance of $1.58 to $1.64. The balance sheet maintains substantial liquidity with nearly $900 million available, supporting future investments amid market uncertainties.
Essential Properties Realty Trust (NYSE: EPRT) will release its third quarter operating results on October 27, 2022, after market close. A conference call to discuss the results is scheduled for October 28, 2022, at 11:00 a.m. ET. Investors can attend via live audio webcast on the company’s website. As of June 30, 2022, EPRT's portfolio included 1,561 properties with a 99.9% lease rate across 46 states.
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Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a quarterly cash dividend of $0.27 per share for Q3 2022, amounting to an annualized dividend of $1.08. The dividend will be paid on October 14, 2022 to stockholders of record by September 30, 2022. As of June 30, 2022, EPRT's portfolio includes 1,561 properties, 99.9% leased to 322 tenants across 46 states, with a weighted average lease term of 13.8 years and a rent coverage ratio of 4.0x.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced a public offering of 7,600,000 shares of common stock at $23.00 per share, upsizing from a previous offering of 6,500,000 shares. The underwriters have a 30-day option to purchase up to an additional 1,140,000 shares. The net proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes, including future investments. The offering is set to close on August 4, 2022, pending customary conditions.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has initiated an underwritten public offering of 6,500,000 shares of its common stock, with a potential additional 975,000 shares available to underwriters. Proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes, including potential future investments. Wells Fargo Securities, BofA Securities, and Citigroup are the joint book-running managers for the offering. The offering is made under the Company’s effective shelf registration statement with the SEC.
Essential Properties Realty Trust reported significant financial growth for Q2 2022, with net income per share rising 35% to $0.27 and AFFO per share up 12% to $0.38. The company closed investments worth $175.7 million at a 7.0% cap rate, while net proceeds from dispositions totaled $26.1 million. They have raised equity grossing $32.6 million through their ATM program. The company has increased its 2022 AFFO guidance to between $1.52 and $1.54 per share, reflecting strong portfolio performance, high occupancy rates, and solid rent growth.
Essential Properties Realty Trust (NYSE: EPRT) announced its upcoming release of operational results for the second quarter ending June 30, 2022. The results will be disclosed after market close on Thursday, July 28, 2022. An earnings conference call and audio webcast is scheduled for Friday, July 29, 2022, at 11:00 a.m. Eastern Time to discuss these results. Investors can access the live broadcast via the Company's website.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of