Essential Properties Q4 2023 Earnings Report
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
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