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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.
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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 $0.27 per share for Q2 2022, representing an annualized dividend of $1.08, an increase of $0.04 from the previous year. This dividend is payable on July 14, 2022, to stockholders of record as of June 30, 2022. As of March 31, 2022, the company’s portfolio consists of 1,545 net lease properties, fully leased with a weighted average lease term of 13.9 years.
Essential Properties Realty Trust (EPRT) reported strong first quarter 2022 results with a net income per share of $0.21, representing a 50% increase year-over-year. The company closed investments totaling $237.8 million at a 7.0% weighted average cash cap rate. Additionally, EPRT raised its 2022 AFFO guidance to between $1.50 and $1.53 per share. Key operational metrics include investments in 105 properties and a robust portfolio of 1,545 properties with a weighted average lease term of 13.9 years.
Essential Properties Realty Trust (NYSE: EPRT) will announce its Q1 2022 operating results on April 27, 2022, after market close. The earnings conference call is scheduled for April 28, 2022, at 10:00 AM EDT. Interested parties can access the webcast through the Company’s website, starting 15 minutes prior to the call. The Company, as of December 31, 2021, managed a portfolio of 1,451 properties, with an average lease term of 14 years and a 99.9% lease rate across multiple industries.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.26 per share for Q1 2022, translating to an annualized dividend of $1.04 per share. The dividend is set to be paid on April 13, 2022, to shareholders recorded by March 31, 2022. As of December 31, 2021, EPRT owned 1,451 net lease properties, boasting a 99.9% leasing rate and a weighted average lease term of 14.0 years, showing strong portfolio stability.