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Dec 31, 2024
Essential Properties Q4 2024 Earnings Report
Key Takeaways
Essential Properties reported strong revenue growth of 22.5% YoY, driven by increased rental income and new investments. Adjusted EPS grew by 7%, reflecting resilient cash flows, while net income per share declined by 3%.
Revenue by Segment
Forward Guidance
Essential Properties increased the lower bound of its 2025 AFFO per share guidance, reflecting confidence in continued investment activity and stable portfolio performance.
Positive Outlook
- 2025 AFFO per share guidance raised to $1.85 - $1.89.
- Planned investments between $900M and $1.1B.
- Strong liquidity position of $1.4B.
- 99.7% occupancy maintained across portfolio.
- Weighted average lease term remains robust at 14 years.
Challenges Ahead
- Increased competition in real estate investment market.
- Potential headwinds from capital market fluctuations.
- Higher interest expense impacting profitability.
- Operating margin declined by 3.15 percentage points YoY.
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
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