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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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