Essential Properties Q4 net income $0.31/share, AFFO $0.42, reiterates 2024 guidance

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2023-FY EPS reported $1.24 revenue$359,595,000

Q4 net income $0.31 per diluted share (+24% YoY); AFFO $0.42 per share (+8% YoY).
Closed $314.9M in investments at 7.9% weighted avg cash cap rate; full-year investment volume $1.0B.
Portfolio 99.8% leased, WALT 14.0 years; rent coverage 3.8x; 1,873 properties at year-end.
Reiterated 2024 AFFO guidance $1.71-$1.75 per share; Q4 dividend $0.285/share paid Jan 12.

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. reported three months and year ended December 31, 2023 results: EPS $0.31 and $1.24 per share.

Period: three months and year ended December 31, 2023
EPS: $0.31 and $1.24 per share
Result: reported results

Exact text from the filing

Essential Properties Announces Fourth Quarter 2023 Results - Fourth Quarter Net Income per Share of $0.31 and AFFO per Share of $0.42 -

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported 2024 results: EPS $1.71 to $1.75 per share. Guidance reaffirmed.

Period: 2024
EPS: $1.71 to $1.75 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company reiterates its previously issued expectation that 2024 AFFO per share on a fully diluted basis will be within a range of $1.71 to $1.75.

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ESSENTIAL PROPERTIES REALTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001728951-24-000024

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