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Mar 31, 2021
Essential Properties Q1 2021 Earnings Report
Announced first quarter 2021 results with a net income per share of $0.14 and AFFO per share of $0.30.
Key Takeaways
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.
Invested $197.8 million in 74 properties with a 7.0% weighted average cash cap rate.
Net income per share decreased by 7% to $0.14.
AFFO per share increased by 3% to $0.30.
Reiterated 2021 AFFO per share guidance of $1.22 to $1.26.
Essential Properties
Essential Properties
Forward Guidance
The company reiterates its previously issued expectation that 2021 AFFO per share on a fully diluted basis will be within a range of $1.22 to $1.26.