Exhibit 99.1 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 - October 23, 2024 PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; "Essential Properties" or the "Company") today announced operating results for the three and nine months ended September ...

Core Insights - Essential Properties (EPRT) is expected to report quarterly earnings of $0.44 per share, reflecting a year-over-year increase of 4.8% [1] - Anticipated revenues are projected to be $114.52 million, showing a significant increase of 24.9% compared to the same quarter last year [1] - The consensus EPS estimate has been revised downward by 0.5% in the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Analysts project 'Revenues- Interest on loans and direct financing lease receivables' to reach $4.88 million, representing a year-over-year change of +6.8% [2] - The estimate for 'Revenues- Rental revenue' is expected to be $108.01 million, indicating a year-over-year change of +24.2% [2] - 'Depreciation and amortization' is anticipated to be $30.87 million, up from $26.21 million reported in the same quarter last year [2] Stock Performance - Shares of Essential Properties have shown a return of -1.7% over the past month, contrasting with the Zacks S&P 500 composite's +2.8% change [3] - With a Zacks Rank 3 (Hold), EPRT is expected to perform in line with the overall market in the near future [3]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . One of the things I love to do when I'm bored is browse websites that offer commercial properties for sale. The net lease properties are especially interesting, as tenants are responsible for insurance, taxes, and maintenance. Analyst's Disclosure: I/we have no stock, option or ...

Article Overview - The article discusses the author's experience with dividend investing and their coverage of Essential Properties Realty Trust (EPRT) on Seeking Alpha [1] - The author emphasizes the importance of dividend investing as a path to financial freedom and shares insights from their professional background in finance, M&A, and business valuation [1] Author's Background and Expertise - The author is a finance professional with deep experience in M&A and business valuation, having evaluated numerous businesses and participated in sell-side and buy-side transactions [1] - Their expertise spans sectors such as tech, real estate, software, finance, and consumer staples, which form the core of their personal investment portfolio and coverage on Seeking Alpha [1] Dividend Investing Philosophy - Dividend investing is highlighted as a straightforward and accessible way to achieve financial freedom, with the author sharing their personal journey and insights to make the process more approachable for others [1] - The author's motivation for writing on Seeking Alpha is to deepen their own knowledge and share value with others pursuing similar financial goals [1] Disclosure and Position - The author holds a beneficial long position in EPRT through stock ownership, options, or other derivatives [2] - The article reflects the author's personal opinions and is not influenced by compensation or business relationships with the mentioned companies [2] General Disclaimer - The article does not constitute investment advice or recommendations, and the author owns other REITs such as ADC, O, and NNN [3] - Seeking Alpha's disclosure clarifies that the platform and its analysts are not licensed securities dealers, brokers, or investment advisers, and the views expressed may not reflect those of Seeking Alpha as a whole [3]

Core Viewpoint - Essential Properties Realty Trust (EPRT) is positioned as a compelling investment alternative in the retail REIT sector, focusing on mid-market properties and smaller tenants, which allows for higher growth potential despite associated risks [1][19]. Group 1: Company Overview - EPRT specializes in retail properties, particularly in the experience and services sectors, differentiating itself from larger peers like Realty Income Corp. and NNN REIT by targeting smaller, non-investment grade tenants [1]. - The REIT has a total of 2,009 properties and 395 tenants, with an impressive occupancy rate of 99.9% since its IPO, indicating strong demand and effective management [4]. - EPRT's portfolio is diversified across 16 industries and 49 states, with a significant focus on services, which constitute 80.3% of its annual base rent (ABR) [5][6]. Group 2: Financial Performance - In Q2, EPRT reported a funds from operations (FFO) per share of $1.84, maintaining consistent growth in both FFO and dividends per share since its IPO in 2018 [2][3]. - The REIT has demonstrated a controlled payout ratio, with a dividend per share of $1.14 and a dividend payout ratio of 0.95, reflecting a healthy balance between growth and returns [3][16]. - EPRT's average cash cap rate for acquisitions in Q2 2024 was 8%, significantly higher than larger REITs, indicating its ability to secure more profitable investment opportunities [11]. Group 3: Investment Strategy - EPRT employs a strategy focused on sale-leaseback transactions, which typically involve long-term contracts and enhance tenant quality, contributing to predictable cash flows [11]. - The REIT's focus on tenants with lower credit ratings allows it to capture a risk premium, with 38.4% of its portfolio under long-term contracts expiring after 2039 [7][10]. - EPRT has invested over $195 million per quarter since Q1 2022, indicating a proactive approach to growth and expansion in a less competitive market [10][19]. Group 4: Valuation and Growth Prospects - EPRT is currently trading at a price-to-FFO ratio of 17.3x, higher than its peers, reflecting its growth potential and lower leverage [14][15]. - The projected annualized FFO per share growth for 2024 is 5.5%, which is favorable compared to Realty Income's 4.4% and NNN's 2.6% [15]. - EPRT's dividend yield stands at 3.56%, the lowest among major retail REITs, but its payout is considered the healthiest based on net income, suggesting room for future increases [16][18].

IvelinRadkov My initial bull thesis on Essential Properties Realty Trust, Inc. (NYSE:EPRT) was circulated back in September 2023. At the time, the P/FFO multiple of 13x seemed just too low given the robust balance sheet, ample liquidity, and conservative cash flows. My view was that by opening a position in EPRT, investors would access sizeable returns from price appreciation on top of an attractive and well-supported dividend of ~5%. In the total return performance chart below, we can see how EPRT has deli ...

ttp 0.00 ... . III f11photo Data by YCharts Introduction Guess what? Real estate is back! All three major real estate ETFs are up more than 20% over the past 12 months. This is entirely caused by the rally that started in April, as we can see in the chart below. On the one hand, this is fantastic news, as I have discussed many REIT opportunities this year. In general, real investors are in a great spot again. On the other hand, it's not very easy to find bargains anymore, as valuations have increased substa ...

Ibrahim Akcengiz The outbreak of COVID-19 and subsequent change in the monetary policy from extremely accommodative to restrictive had caused a significant pain in the equity REIT markets. By being forced to stay at home for a prolonged period, the work-from-home dynamic strengthened, leading to a structurally impaired demand for many office buildings. Similarly, the retail segment has become less attractive since the temporary closure of brick and mortar stores during the COVID-19 period provided a strong ...

DNY59 Overview The real estate sector (XLRE) continues to be one of the worst performing asset classes since the initial pandemic drop in 2020. The embracing of remote work changed the sentiment around demand for real estate and this was coupled with aggressive interest rate hikes throughout 2022 and 2023. As a result, the sector severely underperformed the rest of the market indexes like the S&P 500 (SPY). However, I believe that the outlook has drastically improved and we can look forward to interest rate ...

jetcityimage Introduction I've previously covered many companies that have significant real estate assets that are often non-core to their business (often as a hidden source of value). Often times, these may be regular brick and mortar businesses with a restaurant or warehouse operations where they happen to own the real estate upon which their primary business sits on. For these companies, being involved in the real estate business isn't their main focus. As the prices of land rises over time, many compani ...