Loading...
•
Sep 30, 2022
Essential Properties Q3 2022 Earnings Report
Announced third quarter results with net income per share of $0.26 and AFFO per share of $0.38.
Key Takeaways
Essential Properties Realty Trust reported strong AFFO per share growth in the third quarter, driven by improved unit-level coverages, solid investment activity, and proactive capital market executions. The company's balance sheet is well-positioned with quarter-end leverage of 4.4x and nearly $900 million of available liquidity.
Net Income per Share Increased by 13% to $0.26.
Adjusted Funds from Operations (AFFO) per Share Increased by 15% to $0.38.
Closed Investments of $195.5 million at a 7.1% Weighted Average Cash Cap Rate.
Issued 2023 AFFO Guidance of $1.58 to $1.64 per Share.
Revenue by Segment
Forward Guidance
The Company currently expects 2023 AFFO per share on a fully diluted basis to be within a range of $1.58 to $1.64.
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
Loading earnings performance data...
Loading earnings reaction data...