EPRT Q2: net income $0.29, AFFO $0.43, invests $333.9M, reaffirms FY24 AFFO

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2024-Q2 EPS reported $0.57 revenue$212,770,000

Q2 net income per share $0.29 (down 17% YoY); AFFO per share $0.43 (up 5% YoY).
Total revenues $109.3M; net income attributable to stockholders $51.5M.
Closed $333.9M in investments at 8.0% cash cap rate; portfolio 2,009 properties, 99.8% leased.
Pro forma net debt/Adjusted EBITDAre 3.8x; new $450M term loan with $320M drawn at 4.99%.
Reaffirms 2024 AFFO guidance $1.72-$1.75 per share; quarterly dividend $0.29.

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