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Sep 30, 2020
Essential Properties Q3 2020 Earnings Report
Announced third quarter 2020 results with net income per share of $0.13 and AFFO per share of $0.28.
Key Takeaways
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.
Net income per fully diluted share decreased 28% to $0.13.
Adjusted Funds from Operations (“AFFO”) per fully diluted share decreased by 3% to $0.28.
Net Debt to Annualized Adjusted EBITDAre was 4.0x at quarter end.
Invested $148.9 million in 50 properties at a 7.1% weighted average cash cap rate.
Revenue by Segment
Forward Guidance
No specific forward guidance provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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