Essential Properties Q4 AFFO $0.39 (+5% YoY); full-year AFFO $1.53 (+14%); reiterates 2023 guidance

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2022-FY EPS reported $0.99 revenue$286,506,000

Q4 2022 net income $0.25 per share and AFFO $0.39 per share, up 5% YoY.
Full-year 2022 AFFO per share $1.53, a 14% increase versus 2021.
Record Q4 investment volume of $328.4M across 115 properties at 7.5% cash cap rate.
Reiterates 2023 AFFO guidance of $1.58–$1.64 per share; strong liquidity of $693.7M.
Net debt to annualized Adjusted EBITDAre of 4.6x (4.5x pro forma); portfolio 99.9% occupied.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported three months and year ended December 31, 2022 results: net income $0.25 per share (Q4), $0.99 per share (full year). Guidance reaffirmed.

Period: three months and year ended December 31, 2022
Net income: $0.25 per share (Q4), $0.99 per share (full year)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 15, 2023, Essential Properties Realty Trust, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the three months and year ended December 31, 2022.

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ESSENTIAL PROPERTIES REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001728951-23-000019

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