Essential Properties Q3 AFFO per share $0.38, up 15% YoY; issues 2023 guidance $1.58-$1.64

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2022-Q3 EPS reported $0.74 revenue$212,230,000

Net income per share $0.26 (up 13% YoY); AFFO per share $0.38 (up 15% YoY); total revenues $70.7M.
Invested $195.5M in 40 properties at 7.1% weighted avg cash cap rate; disposed 12 properties for $35.5M.
2023 AFFO guidance issued at $1.58-$1.64 per share; 2022 AFFO guidance reaffirmed at $1.52-$1.54.
Drew remaining $150M on 2028 term loan in October; available liquidity ~$894M; net debt/EBITDA 4.4x.
Portfolio 99.8% occupied; weighted avg lease term 14.0 years; unit-level rent coverage 4.2x.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported the three and nine months ended September 30, 2022 results: net income $0.26, EPS $0.26. Guidance initiated.

Period: the three and nine months ended September 30, 2022
Net income: $0.26
EPS: $0.26
Guidance: initiated
Result: reported results

Exact text from the filing

Essential Properties Announces Third Quarter 2022 Results - Third Quarter Net Income per Share of $0.26 and AFFO per Share of $0.38

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ESSENTIAL PROPERTIES REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001728951-22-000113

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