Essential Props Realty Q2 2024 AFFO $0.43 Misses $0.47 Estimate, Sales $109.268M Beat $106.411M Estimate

7/24/24 4:08:10 PM ET

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Essential Props Realty (NYSE:EPRT) reported quarterly AFFO of $0.43 per share which missed the analyst consensus estimate of $0.47 by 8.51 percent. This is a 4.88 percent increase over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $109.268 million which beat the analyst consensus estimate of $106.411 million by 2.69 percent. This is a 26.30 percent increase over sales of $86.516 million the same period last year.

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Recent Analyst Ratings for
$EPRT

Date	Price Target	Rating	Analyst
8/19/2024		Outperform	Wedbush
7/17/2024	$30.00 → $32.00	Outperform → In-line	Evercore ISI
6/28/2024	$33.00	Buy	Goldman
5/31/2024	$30.00	Buy	UBS
3/22/2024	$25.00 → $28.50	Neutral → Buy	Citigroup
2/13/2024	$29.00	Outperform	BMO Capital Markets
11/30/2023	$27.50	Buy	B. Riley Securities
9/21/2023	$27.00	Overweight	Wells Fargo

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Essential Properties Announces Third Quarter 2024 Results
- Third Quarter Net Income per Share of $0.27 and AFFO per Share of $0.43 - - Closed Investments of $307.6 million at an 8.1% Weighted Average Cash Cap Rate - - Issues 2025 AFFO Guidance of $1.84 to $1.89 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and nine months ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Third Quarter 2023): • Investments (57 properties) $ Invested $307.6 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (9 properties) Net Procee
10/23/24 4:05:00 PM ET
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Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the third quarter ended September 30, 2024, after the market close on Wednesday, October 23, 2024. The Company will host its third quarter 2024 earnings conference call and audio webcast on Thursday, October 24, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order
9/24/24 4:49:00 PM ET
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Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based bus
9/9/24 5:03:00 PM ET
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Essential Properties Announces Third Quarter 2024 Results
- Third Quarter Net Income per Share of $0.27 and AFFO per Share of $0.43 - - Closed Investments of $307.6 million at an 8.1% Weighted Average Cash Cap Rate - - Issues 2025 AFFO Guidance of $1.84 to $1.89 per Share - Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) today announced operating results for the three and nine months ended September 30, 2024. Third Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Third Quarter 2023): • Investments (57 properties) $ Invested $307.6 million Weighted Avg Cash Cap Rate 8.1% • Dispositions (9 properties) Net Procee
10/23/24 4:05:00 PM ET
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Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that the Company will release its operating results for the third quarter ended September 30, 2024, after the market close on Wednesday, October 23, 2024. The Company will host its third quarter 2024 earnings conference call and audio webcast on Thursday, October 24, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the conference call will be available on the Investor Relations section of the Company's website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order
9/24/24 4:49:00 PM ET
$EPRT
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Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024
Essential Properties Realty Trust, Inc. (NYSE:EPRT, the "Company"))) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based bus
9/9/24 5:03:00 PM ET
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Taco John's Taps Heather Neary as President and CEO to Usher in New Era of Growth for Popular Quick-Service Mexican Food Franchise
CHEYENNE, Wyo., March 20, 2024 (GLOBE NEWSWIRE) -- Mexican quick-service restaurant staple Taco John's® proudly welcomes industry veteran Heather Neary to the executive leadership team as President and Chief Executive Officer. Neary brings more than two decades of relevant restaurant, brand, and franchise leadership experience to her new role, most recently as the Brand President at KBP Brands, a large QSR Franchisee. She joins Taco John's as the company accelerates its expansion throughout the Midwest and beyond, with new locations planned in existing and new territories in coming years. "Heather's strategic vision, energy, and proven track record of driving growth, customer experience
3/20/24 8:00:00 AM ET
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Essential Properties Realty Trust, Inc. Announces Retirement of Paul T. Bossidy, Chairman of the Board, and Appointment of Scott A. Estes as New Board Chair
Essential Properties Realty Trust, Inc. (NYSE:EPRT, "Essential Properties" or the "Company"))) announced today that Paul T. Bossidy has notified the Company of his intent to retire as Chairman ("Chairman") of the Company's Board of Directors (the "Board"), effective as of December 31, 2023, after nearly 7 years as Chairman. Mr. Bossidy's retirement decision was not the result of any disagreement with the Company on any matter relating to the Company's operations, disclosures, policies or practices. In connection with Mr. Bossidy's retirement, the size of the Board will be reduced from eight members to seven members, and the Board has appointed current Board member, Mr. Scott A. Estes, to be
11/13/23 8:00:00 AM ET
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NETSTREIT Announces Daniel Donlan as Chief Financial Officer
NETSTREIT Corp. (NYSE:NTST) (the "Company"), today announced the appointment of Daniel P. Donlan as its new Chief Financial Officer and Treasurer ("CFO") effective April 10, 2023. Mr. Donlan will be based at the Company's headquarters in Dallas, TX. "We are pleased to welcome Dan to the NETSTREIT team," said Mark Manheimer, Chief Executive Officer of NETSTREIT. "Dan's extensive capital markets, investor relations, and net lease industry experience will be invaluable as we continue to opportunistically raise growth capital and source high quality investments to produce strong risk adjusted returns. I would also like to thank Lori Wittman for stepping in as Interim Chief Financial Officer w
4/3/23 4:40:00 PM ET
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Essential Props Realty Q2 2024 AFFO $0.43 Misses $0.47 Estimate, Sales $109.268M Beat $106.411M Estimate

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SEC Form SC 13G/A filed by Essential Properties Realty Trust Inc. (Amendment)

SEC Form SC 13G/A filed by Essential Properties Realty Trust Inc. (Amendment)

SEC Form SC 13G/A filed by Essential Properties Realty Trust Inc. (Amendment)

$EPRT Financials

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Essential Properties Announces Third Quarter 2024 Results

Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024

Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024

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Essential Properties Announces Third Quarter 2024 Results

Essential Properties Realty Trust, Inc. to Report Third Quarter 2024 Results on October 23, 2024

Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.29 per Share for the Third Quarter of 2024

President and CEO Mavoides Peter M. sold $536,677 worth of shares (16,829 units at $31.89), decreasing direct ownership by 4% to 402,485 units (SEC Form 4)

SVP & Chief Accounting Officer Earnshaw Timothy J was granted 41 shares, increasing direct ownership by 0.09% to 44,994 units (SEC Form 4)

EVP & Head of Asset Management Peil A Joseph was granted 41 shares, increasing direct ownership by 0.05% to 76,145 units (SEC Form 4)

$EPRT Market Insights

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Stifel Maintains Buy on Essential Props Realty, Raises Price Target to $32

Essential Properties Reiterates 2024 AFFO Per Share Guidance Range Of $1.72 - $1.75, Est $1.90