Essential Properties Realty Trust ( (EPRT) ) has released its Q4 earnings. Here is a breakdown of the information Essential Properties Realty Trust presented to its investors.
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Essential Properties Realty Trust operates as an internally managed real estate investment trust (REIT), primarily focusing on single-tenant properties that are net leased to service-oriented or experience-based businesses across the United States.
In its fourth-quarter report for 2024, Essential Properties Realty Trust revealed a net income per share of $0.30 and an adjusted funds from operations (AFFO) per share of $0.45, with significant investments totaling $333.4 million at an 8.0% weighted average cash cap rate. The company also updated its 2025 AFFO guidance to a range of $1.85 to $1.89 per share.
Key performance metrics indicate that while the net income per share decreased by 3% compared to the fourth quarter of 2023, the company’s AFFO per share saw a 7% increase. The company made notable investments in 78 properties amounting to $333.4 million and disposed of 24 properties for $60.4 million. Additionally, the company raised $78.9 million through its ATM equity program.
Looking forward, Essential Properties Realty Trust is positioned well with a conservative balance sheet and substantial liquidity, as highlighted by its increased revolving credit facility and strategic investments. The management expressed optimism in continuing to capitalize on its investment strategy amid a dynamic market landscape, supported by a healthy portfolio and growing investment pipeline.