earnings
confidence high
sentiment positive
materiality 0.75
Essential Properties Q4 AFFO up 7% YoY to $0.45/sh; lifts 2025 guidance
ESSENTIAL PROPERTIES REALTY TRUST, INC.
2024-FY EPS reported
$1.15
revenue$449,610,000
- Q4 net income $0.30/sh, AFFO $0.45/sh (+7% YoY); full-year AFFO $1.74/sh (+6%).
- Invested $333.4M in Q4 at 8.0% avg cash cap rate; 78 properties added; portfolio 99.7% occupied.
- 2025 AFFO guidance raised to $1.85-$1.89/sh; investment volume expected $900M-$1.1B.
- Revolver upsized to $1.0B, maturity extended to Feb 2030; pro forma net debt/EBITDAre 3.8x.
- Q4 dividend $0.295/sh ($1.18 annualized), paid Jan 14, 2025.