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Sep 30, 2021
Essential Properties Q3 2021 Earnings Report
Announced third quarter results with a net income per share of $0.23 and AFFO per share of $0.33.
Key Takeaways
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.
Invested $230.8 million in 85 properties with a 7.0% weighted average cash cap rate.
Net income per share increased by 77% to $0.23.
Adjusted Funds from Operations (AFFO) per share increased by 22% to $0.33.
Issued 2022 AFFO per share guidance of $1.46 to $1.50.
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 currently expects 2022 AFFO per share on a fully diluted basis to be within a range of $1.46 to $1.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income