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Essential Properties
🇺🇸 NYSE:EPRT
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Dec 31, 2021

Essential Properties Q4 2021 Earnings Report

Essential Properties reported strong Q4 2021 results, achieving a net income per share of $0.24 and AFFO per share of $0.37.

Key Takeaways

Essential Properties Realty Trust, Inc. announced its Q4 2021 operating results, featuring investments of $322.2 million at a 6.9% weighted average cash cap rate. The company's performance supports an increased 2022 AFFO guidance to $1.47 to $1.51 per share.

Net income per share increased by 380% to $0.24.

Funds from Operations (FFO) per Share increased by 56% to $0.39.

Adjusted Funds from Operations (AFFO) per Share increased by 37% to $0.37.

Investments totaled $322.2 million with a weighted average cash cap rate of 6.9%.

Total Revenue
$65M
Previous year: $41.1M
+58.2%
EPS
$0.37
Previous year: $0.27
+37.0%
Occupancy Rate
99.9%
Previous year: 99.7%
+0.2%
Gross Profit
$63.2M
Previous year: $39M
+62.1%
Cash and Equivalents
$59.8M
Previous year: $33M
+81.1%
Total Assets
$3.3B
Previous year: $2.49B
+32.5%

Essential Properties

Essential Properties

Essential Properties 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 $1.47 to $1.51 from its previously announced range of $1.46 to $1.50.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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