Essential Properties Earnings Reports

Essential Properties reported strong revenue growth of 22.5% YoY, driven by increased rental income and new investments. Adjusted EPS grew by 7%, reflecting resilient cash flows, while net income per share declined by 3%.

Essential Properties Realty Trust announced strong third-quarter results, highlighting a healthy middle-market tenancy and strategic capital market activities, including raising over $700 million in debt and equity.

Essential Properties Realty Trust announced strong second-quarter results, marked by significant investment activity of $333.9 million at an 8.0% weighted average cash cap rate. The company's AFFO per share increased by 5% to $0.43, and they reiterated their 2024 AFFO guidance range of $1.72 to $1.75 per share. CEO Pete Mavoides highlighted the company's ability to accretively deploy capital into attractive investments amidst a growing opportunity set.

Essential Properties Realty Trust reported a positive start to the year, marked by the highest first quarter investments since its inception, totaling $248.8 million at an 8.1% weighted average cash cap rate. The company has updated its 2024 AFFO guidance to $1.72 to $1.75 per share, reflecting confidence in its portfolio and tenant credit trends.

Essential Properties Realty Trust, Inc. announced strong operating results for the fourth quarter of 2023, with AFFO per share growing by 8%. The company closed investments of $314.9 million at a 7.9% weighted average cash cap rate and reiterated its 2024 AFFO guidance of $1.71 to $1.75 per share. With nearly $800 million in liquidity, Essential Properties is well-positioned for future investments.

Essential Properties Realty Trust reported strong third quarter results, driven by healthy tenant trends, solid investment activity, and timely capital market executions. The company issued 2024 AFFO guidance of $1.71 to $1.75 per share and increased the bottom end of the range for 2023 AFFO guidance to $1.64 to $1.65 per share.

Essential Properties Realty Trust reported strong second-quarter results, driven by a high-performing portfolio and a differentiated investment model. The company closed investments of $277.4 million at a 7.4% weighted average cash cap rate and increased its 2023 AFFO guidance to $1.62 to $1.65 per share.

Essential Properties Realty Trust reported a strong first quarter in 2023, marked by $207.1 million in investments at a 7.6% weighted average cash cap rate. Occupancy remained high at 99.8%, and the company is refining its 2023 AFFO per share guidance to $1.60 to $1.64.

Essential Properties Realty Trust announced its Q4 2022 results, featuring investments of $328.4 million at a 7.5% weighted average cash cap rate. The company reiterated its 2023 AFFO guidance of $1.58 to $1.64 per share.

Essential Properties Realty Trust reported strong AFFO per share growth in the third quarter, driven by improved unit-level coverages, solid investment activity, and proactive capital market executions. The company's balance sheet is well-positioned with quarter-end leverage of 4.4x and nearly $900 million of available liquidity.

Essential Properties Realty Trust reported strong first-quarter results, driven by a stable internal growth profile and the resilient nature of the sale-leaseback marketplace. The company increased its 2022 AFFO per share guidance to $1.50 to $1.53.

Essential Properties Realty Trust, Inc. announced its Q4 2021 operating results, featuring investments of $322.2 million at a 6.9% weighted average cash cap rate. The company's performance supports an increased 2022 AFFO guidance to $1.47 to $1.51 per share.

Essential Properties Realty Trust reported strong third-quarter results driven by a fully stabilized portfolio and strategic investments. The company closed investments of $230.8 million at a 7.0% weighted average cash cap rate and issued 2022 AFFO guidance of $1.46 to $1.50 per share.

Essential Properties Realty Trust reported strong second-quarter 2021 results, with rent collection at 99% and July collections essentially at 100%. The company invested over $220 million during the quarter, primarily in sale-leaseback transactions. They also completed an inaugural unsecured public bond issuance and raised their 2021 AFFO guidance to $1.30 to $1.32 per share.

Essential Properties Realty Trust reported strong first quarter results, driven by portfolio stability, investment activity, and capital raising. The company invested $197.8 million at a 7.0% weighted average cash cap rate and reiterated its 2021 AFFO per share guidance.

Essential Properties Realty Trust reported Q4 2020 results with a net income per share of $0.05 and AFFO per share of $0.27. The company closed quarterly investments of $244.1 million at a 7.1% weighted average cash cap rate and reiterated its 2021 AFFO guidance of $1.22 to $1.26 per share.

Essential Properties Realty Trust reported a decrease in net income per share to $0.13 and AFFO per share to $0.28 for the third quarter of 2020. The company invested $148.9 million in 50 properties at a 7.1% weighted average cash cap rate and collected 90% of third quarter rent and 91% of October rent.

Essential Properties Realty Trust reported a challenging second quarter due to the COVID-19 pandemic, but the portfolio performed well. The company invested $42.4 million in 13 properties at a 7.4% weighted average cash cap rate. The portfolio remained highly leased at 99.6% with a strong weighted average lease term of 14.6 years.

Essential Properties Realty Trust reported first quarter results with net income per share increasing by 15.4% and AFFO per share increasing by 7.4%. The company invested $167.5 million in properties and ended the quarter with a 99.5% leased portfolio. Due to the economic uncertainty related to COVID-19, the company has withdrawn its 2020 AFFO per share guidance.

Essential Properties Realty Trust, Inc. announced operating results for the three months and year ended December 31, 2019. The company invested $204.7 million in 94 properties at a 7.3% weighted average cash cap rate during the quarter. Net income per fully diluted share increased 38% to $0.18 per share, and Adjusted Funds from Operations (“AFFO”) per fully diluted share grew by 11% to $0.30.