EPRT Q3 EPS $0.29, AFFO $0.42, invests $213.3M at 7.6% cap rate; raises 2023 AFFO guidance low end

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2023-Q3 EPS reported $0.94 revenue$261,861,000

Net income $0.29/share (up 12% YoY); AFFO $0.42/share (up 11% YoY).
Invested $213.3M across 65 properties at 7.6% weighted average cash cap rate.
Issued 2024 AFFO guidance $1.71-$1.75 per share; updated 2023 AFFO to $1.64-$1.65 (from $1.62-$1.65).
Quarterly dividend declared $0.28 per share, paid Oct 13 to holders of record Sep 29.
Pro forma net debt to annualized adjusted EBITDA 3.7x; available liquidity ~$990M.

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 0.9

ESSENTIAL PROPERTIES REALTY TRUST, INC. updated its the three and nine months ended September 30, 2023 guidance (reaffirmed).

Period: the three and nine months ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On October 25, 2023, Essential Properties Realty Trust, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the three and nine months ended September 30, 2023. The press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.

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ESSENTIAL PROPERTIES REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001728951-23-000098

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