Essential Properties Q2 AFFO $0.41, raises 2023 guidance to $1.62-$1.65 per share

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2023-Q2 EPS reported $0.64 revenue$170,204,000

Q2 2023 AFFO per share $0.41, up 8% YoY; net income per share $0.35, up 30% YoY.
Invested $277.4M in 78 properties at 7.4% weighted avg cash cap rate.
Dispositions: $41.7M net proceeds at 6.2% cap rate; portfolio 99.9% occupied.
2023 AFFO guidance raised to $1.62-$1.65 per share (from $1.60-$1.64).
Year-to-date AFFO per share $0.81, up 7% YoY; net debt/EBITDA 4.3x.

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 three and six months ended June 30, 2023 results: net income $0.35, EPS $0.35 per share. Guidance raised.

Period: three and six months ended June 30, 2023
Net income: $0.35
EPS: $0.35 per share
Guidance: raised
Result: reported results

Exact text from the filing

ssential Properties Announces Second Quarter 2023 Results - Second Quarter Net Income per Share of $0.35 and AFFO per Share of $0.41 - - Closed Investments of $277.4 million at a 7.4% Weighted Average Cash Cap Rate - - Increases 2023 AFFO Guidance to $1.62 to $1.65 per Share - July 26, 2023 PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc.

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Source: SEC EDGAR

accession 0001728951-23-000081

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