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Mar 31, 2022
Essential Properties Q1 2022 Earnings Report
Announced first quarter results with net income per share of $0.21 and AFFO per share of $0.38.
Key Takeaways
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.
Invested $237.8 million in 105 properties with a 7.0% weighted average cash cap rate.
Net income per share increased by 50% to $0.21.
Adjusted Funds from Operations (AFFO) per share increased by 27% to $0.38.
Increased 2022 AFFO per share guidance to $1.50 to $1.53.
Essential Properties
Essential Properties
Essential Properties Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comInterest on loans and lease receivables Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The Company is increasing its guidance for AFFO per share on a fully diluted basis for 2022 to a range of $1.50 to $1.53 from its previously announced range of $1.47 to $1.51.
Revenue & Expenses
Visualization of income flow from segment revenue to net income