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Dec 31, 2023
Essential Properties Q4 2023 Earnings Report
Essential Properties reported strong Q4 2023 results, marked by an 8% increase in AFFO per share and substantial investment activity.
Key Takeaways
Essential Properties Realty Trust, Inc. announced strong operating results for the fourth quarter of 2023, with AFFO per share growing by 8%. The company closed investments of $314.9 million at a 7.9% weighted average cash cap rate and reiterated its 2024 AFFO guidance of $1.71 to $1.75 per share. With nearly $800 million in liquidity, Essential Properties is well-positioned for future investments.
Net income per share increased by 24% to $0.31.
AFFO per share increased by 8% to $0.42.
Investments of $314.9 million were closed at a 7.9% weighted average cash cap rate.
The company reiterates 2024 AFFO guidance of $1.71 to $1.75 per share.
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 reiterates its previously issued expectation that 2024 AFFO per share on a fully diluted basis will be within a range of $1.71 to $1.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income