EPRT dividend – Essential Properties Realty Trust Increases Quarterly Dividend to $0.285/Share

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ESSENTIAL ($NYSE:EPRT): EPRT is a publicly traded real estate investment trust (REIT) that focuses on acquiring strategically located, single-tenant net leased properties that are either free-standing or part of a larger shopping center. The company believes in creating long-term value for shareholders by investing in net lease properties in the United States. The company has consistently increased its quarterly dividend since its inception, reflecting its commitment to growing shareholder value. EPRT continues to be committed to rewarding shareholders through regular dividend payments.

This most recent dividend increase is another affirmation of the company’s ability to generate strong cash flows and returns to investors. With the continuous growth of its portfolio, EPRT is well-positioned to deliver on its mission of creating long-term value for shareholders.

Dividends – EPRT dividend

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for EPRT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for EPRT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for EPRT. More…

Key Ratios Snapshot

Some of the financial key ratios for EPRT are shown below. More…

Market Price

Following the news, Essential Properties Realty Trust stock opened at $24.4 and closed at $25.0, representing an increase of 1.8% from the previous closing price of 24.6. This dividend increase highlights the company’s commitment to returning value to its shareholders. Live Quote…

Analysis

By using our Star Chart tool, we have determined that the company has a high health score of 9/10 with regard to its cashflows and debt, indicating its ability to pay off debt and fund future operations. Additionally, we have found ESSENTIAL PROPERTIES REALTY TRUST to be strong in asset, dividend, and growth and medium in profitability. Based on these metrics, we have classified ESSENTIAL PROPERTIES REALTY TRUST as a ‘cow’, meaning the company has the track record of paying out consistent and sustainable dividends. This would be an attractive investment opportunity for those looking for steady income or a buy-and-hold strategy. As such, we would recommend this company to investors seeking a reliable income stream or a balanced portfolio. More…

Peers

The company’s competitors include Balkan and Sea Properties Reit-Varna, Emirates Properties REIT, and Melcor Real Estate Investment Trust.

– Balkan and Sea Properties Reit-Varna ($LTS:0HZU)

Balkan and Sea Properties Reit-Varna is a real estate investment trust that owns and operates a portfolio of properties in the Balkans and the Black Sea region. The company’s portfolio includes office buildings, retail centers, hotels, and residential properties.

– Emirates Properties REIT ($LTS:0NXF)

Melcor Real Estate Investment Trust is a Canadian company that owns, develops, and operates a portfolio of properties in Alberta and Ontario. As of 2022, the company had a market capitalization of $72.85 million. The company’s portfolio includes office, retail, industrial, and residential properties.

Summary

Essential Properties Realty Trust is a real estate investment trust (REIT) focused on acquiring single-tenant properties across the United States. The REIT recently raised its quarterly dividend by 1.8%, to $0.285 per share.

In addition, Essential Properties has been active in divestment activities, selling non-core assets in order to strengthen its portfolio. These moves have resulted in increased annual FFO per share, enhanced liquidity and strengthened capital structure. All in all, Essential Properties is well positioned to continue to increase its dividend and further enhance shareholder returns.