EPRT Stock Overview

The commercial real estate market, particularly net lease REITs, is experiencing fluctuations because of increasing interest rates and inflation, which affect property values and how investors feel. Essential Properties Realty Trust is notable for its sale-leaseback approach, doing better than its competitors even though its share prices have recently dropped due to higher treasury yields. However, EPRT's dependence on tenants with lower credit ratings presents some risks, unlike more secure investment-grade portfolios such as ADC.

Essential Properties Realty Trust, Inc. announced impressive results for the third quarter of 2024, showing a 2% increase in AFFO per share and a 17% rise in total AFFO compared to last year. The company has high occupancy levels and strong profitability among its tenants, with a weighted average rent coverage ratio of 3.6 times. Looking ahead, Essential Properties intends to invest between $900 million and $1.1 billion in 2025, targeting tenants that focus on service and customer experience.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; referred to as “Essential Properties” or the “Company”) announced that it will share its operating results for the fourth quarter ending December 31, 2024, after the market closes on Wednesday, February 12, 2025. The Company will hold a conference call and audio webcast on Thursday, February 13, 2025, at 10:00 a.m. Eastern Time to discuss these results. A webcast of the event will be available.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) has announced that its Board of Directors has approved a quarterly cash dividend of $0.295 per share of common stock for the fourth quarter of 2024. This amount translates to an annual dividend of $1.18 per share, which is an increase of $0.02 from the previous annual dividend. The dividend will be paid on January 14, 2025, to shareholders who are on record as of the cutoff date.

Investing in REITs such as Essential Properties Realty Trust allows you to gain real estate exposure without the headaches of taxes, tenants, and maintenance, making it a convenient choice. EPRT has performed well, with a 42.71% increase, strong fundamentals, low debt, and a cautious payout ratio, but it lacks a safety margin at the moment. Although it fell short of FFO estimates, EPRT's revenue growth, long lease agreements, and high occupancy rates demonstrate its strong portfolio and potential for growth.

Essential Properties Realty Trust (EPRT) is a reliable and conservative REIT with a solid portfolio, but it is currently overpriced, which makes it less appealing for new investments. Although it has strong fundamentals and good dividends, its current valuation restricts its growth potential compared to competitors like Realty Income. At this moment, EPRT's growth forecasts and yield do not support keeping or investing more money in it.

The REIT market doesn't operate with perfect efficiency. Some REITs have prices that are too high, while others are priced too low. I want to point out a particularly good example of this.

The transcript for the Q3 2024 earnings call of Essential Properties Realty Trust, Inc. (EPRT) is available. It includes important financial information and updates about the company's performance. You can find details about their earnings and future plans in this document.

The main figures for Essential Properties (EPRT) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.