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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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