Essential Properties Realty Trust Inc

Essential Properties Realty Trust, Inc. engages in the acquisition, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D's, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station. The company was founded on January 12, 2018 and is headquartered in Princeton, NJ.

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Essential Properties Realty Trust excels in Q4 2022 earnings call

Essential Properties Realty Trust delivered a strong performance in Q4 2022, with record investments and solid financial metrics.
The company's diversified portfolio, reaffirmed guidance, and strategic investments position it well for future growth.
While facing challenges such as market volatility and asset dispositions, EPRT remains focused on leveraging opportunities for expansion and operational optimization.
Maintaining a balanced approach to risk management and growth strategies will be crucial for EPRT's continued success in the dynamic real estate market.

Essential Properties Realty Trust excels in Q1 2023 earnings call

Essential Properties Realty Trust's Q1 2023 showcased resilience and growth potential amidst market uncertainties. Strategic acquisitions, strong tenant health, and proactive risk management position the company well for future success.

Essential Properties Realty Trust Inc (EPRT) reports strong Q2 performance and outlook

Essential Properties Realty Trust Inc (EPRT) demonstrated solid performance in Q2, driven by a strong portfolio and investment activity. The company's focus on tenant diversity, conservative balance sheet, and increased guidance reflect a positive outlook. While challenges exist in property sales and market dynamics, EPRT's liquidity and strategic approach present growth opportunities.

Essential Properties Realty Trust (EPRT) reports robust Q3 performance and outlines growth strategies for 2024

Essential Properties Realty Trust (EPRT) delivered a strong performance in Q3 2023, driven by portfolio strength and active investment activities, positioning the company for continued growth.
Despite challenges like tenant-specific risks and industry exposures, EPRT's robust portfolio, capital market activities, and growth strategies offer opportunities for sustained performance and value creation.
Investors can look forward to EPRT's 2024 growth trajectory, supported by solid financial metrics, strategic capital deployment, and a focus on enhancing shareholder returns.

Essential Properties Realty Trust (EPRT) excels in Q4 earnings, poised for strategic growth

Essential Properties Realty Trust (EPRT) reported a strong Q4 performance, with robust investments and AFFO growth. The company's portfolio metrics and liquidity position are solid, setting the stage for continued investment activity.
EPRT's disciplined portfolio management, focus on tenant relationships, and operational resilience are key strengths. However, challenges include addressing asset durability, credit risks, and operational complexities.
Opportunities lie in leveraging financial strength for further investments, maintaining tenant relationships for long-term stability, and optimizing portfolio performance. EPRT's strategic focus on asset-level operations positions it well for future growth.

Essential Properties Realty Trust (EPRT) excels in Q1 2024, poised for strategic growth

Essential Properties Realty Trust (EPRT) demonstrated robust performance and financial strength in Q1 2024, underpinned by a resilient portfolio and strategic investments.
While facing challenges in funding mix and market competition, EPRT's focus on stability, growth, and prudent financial management positions it well for future opportunities.
With a solid foundation, ample liquidity, and a clear growth strategy, EPRT is poised to navigate challenges, capitalize on opportunities, and deliver value to investors.

Essential Properties Realty Trust (EPRT) reports solid Q2 performance

EPRT's Q2 performance reflects steady growth driven by strategic investments and a resilient tenant base.
With a robust portfolio, strong balance sheet, and reiterated guidance, EPRT is poised for continued success in 2024.
While facing challenges in a competitive market, EPRT can leverage opportunities to enhance operational efficiency and drive sustainable growth.

Essential Properties Realty Trust (EPRT) reports strong Q3 performance and optimistic 2025 outlook

Essential Properties Realty Trust (EPRT) showcased a robust Q3 performance with strong financial metrics and a positive outlook for 2025. Their strategic investments, focus on tenant diversity, and disciplined portfolio management were key highlights. While challenges exist in market uncertainties and expense management, EPRT is well-positioned to leverage opportunities for growth through strategic acquisitions and operational enhancements.

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Essential Properties Realty Trust, Inc. engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. Its portfolio includes the following: Captain D's, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday, and White Oak Station. The company was founded on January 12, 2018 and is headquartered in Princeton, NJ.

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The commercial real estate market continues to face challenges from elevated interest rates and rising supply. Retail real estate stands out with low vacancy rates, benefiting companies like Realty Income and Agree Realty. Industrial and multifamily sectors face rising vacancies due to increased supply, but leaders like Prologis and Mid-America Apartment Communities show resilience.

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Essential Properties Realty Trust has a highly effective investment strategy, which translates into top-tier business metrics, incl. high occupancy rate, outstanding WALT, and impressive rent escalators. It has outperformed other triple-net lease REITs in terms of AFFO per share growth and has provided decent dividend growth. The company remains an attractive addition to a portfolio with a clear value proposition and potential for multiple appreciation.

Essential Properties Realty Trust Is Still A Buy - Here's Why

Essential Properties Realty Trust is a high-quality net lease REIT that has outperformed the broader sector with a highly occupied portfolio. EPRT owns a diverse portfolio of nearly 2,000 single tenant retail properties on long-term triple net leases. We explore two reasons why this REIT could continue to outperform peers.

Essential Properties: 2 Reasons This REIT Is Outperforming Net Lease Peers

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the second quarter of 2024. On an annualized basis the second quarter 2024 dividend of $0.29 equals $1.16 per share, an increase of $0.02 per share compared to the previous annualized dividend. The dividend is payable on July 12, 2024, to stockholders of record as of the close o.

Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.29 per Share, a 1.8% Increase Over Prior Quarter

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Net lease REITs have performed better than other types of REITs despite rising interest rates. AFFO multiples are the primary method for valuing net lease REITs. These charts allow us to compare the swing in AFFO multiples over the last 5 years.

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EPRT's business model focuses on sale and leaseback transactions with middle market, non-investment grade rated businesses in service-oriented and experience-based industries. This tenant profile usually translates to EPRT commanding higher cap rates than its peers. Unfortunately, this also means that EPRT has a higher cost of capital. The current negative investment spread and elevated interest rate environment suggest that investors should wait for a positive spread to be demonstrated at a minimum before investing in EPRT.

Essential Properties: Exposure To Consumer Discretionary Is Hurting Investment Spreads

Sale-leasebacks (SLBs) are a growing trend in commercial real estate, offering opportunities of over $1.6 trillion among S&P 500 companies alone. SLB transactions involve selling a property and then leasing it back from the new owner, providing cash flow for expansion without expensive loans. Essential Properties Realty Trust (EPRT) is a standout player in the SLB market, focusing on essential industries and offering attractive growth opportunities and dividends.

Essential Properties: 4% Yield And A Trillion-Dollar Tailwind

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Essential Properties Realty Trust has a depressed P/FFO multiple, strong growth potential, and a conservative AFFO payout ratio. For these reasons, since the publication of my bull thesis on EPRT back in September 2023, I have consistently purchased this REIT, diversifying my exposure to Realty Income Corporation. I dissect the key items of the 1Q24 report and explain why I am still bullish on EPRT after it has delivered ~13% in alpha relative to the overall REIT market.

Essential Properties Realty Trust: The Value Potential Is Still There After Q1 Earnings

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Essential Properties Realty Trust, Inc. (NYSE:EPRT ) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Rob Salisbury - SVP & Head, Capital Markets Peter Mavoides - President, CEO & Director Mark Patten - CFO & EVP Conference Call Participants Eric Borden - BMO Capital Markets Smedes Rose - Citigroup Greg McGinniss - Scotia Capital John Massocca - B. Riley Securities Haendel St. Juste - Mizuho Securities Jim Kammert - Evercore ISI Farrell Granath - Bank of America Merrill Lynch John Kilichowski - Wells Fargo Securities Spenser Allaway - Green Street Advisors Operator Good morning, ladies and gentlemen, and welcome to the Essential Properties Realty Trust First Quarter 2024 Earnings Conference Call.

Essential Properties Realty Trust, Inc. (EPRT) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Essential Properties (EPRT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Essential Properties (EPRT) Reports Q1 Earnings: What Key Metrics Have to Say

Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.40 per share a year ago.

Essential Properties (EPRT) Lags Q1 FFO Estimates

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) today announced operating results for the three months ended March 31, 2024. First Quarter 2024 Financial and Operating Highlights: Operating Results (compared to First Quarter 2023):     • Investments (79 properties) $ Invested $248.8 million   Weighted Avg Cash Cap Rate 8.1% • Dispositions (7 properties) Net Proceeds $11.9 million   Weighted Avg Cash Cap Rate 6.5% •.

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