AndreyPopov/iStock via Getty Images Previous Buy Rating #1 Lower Rated (Non-Investment Grade) Tenants When you lease to investment-grade tenants like Walmart or Starbucks (SBUX), they are unlikely to negotiate these sorts of leases, as this could handicap the company. That's why REITs with lower rated tenant exposure are not always a bad investment. This is also a reason why EPRT's portfolio was 99.9% leased at the end of their latest quarter. NNN REIT (NNN) & Realty Income's portfolios were 99.4% and 98.6% ...

MCCAIG/iStock via Getty Images Recently, I ran across an article by Cohen & Steers explaining capital markets expectations over the next ten years. As a private real estate and REIT investor (for over three decades), I'm always interested to hear other opinions, especially after witnessing transformational changes over the last two years. As the co-authors at Cohen & Steers explain, Gone are near-zero interest rates, low inflation, stable growth and long economic cycles that were observed for well over a de ...

Klaus Vedfelt Investment thesis Essential Properties Realty Trust (NYSE:EPRT) is guided by an effective investment strategy, which translates into elite-level business metrics: EPRT has outperformed many of the popular triple-net lease REITs in terms of AFFO per share growth and gratified its shareholders with decent dividend growth, supported by its solid financial and credit stance. Within the article, I've provided extensive reasoning, supported by multiple comparisons to peer companies, why I believe EP ...

Net lease real estate continues to cement itself as one of the most successful and investor-friendly real estate sectors. The business is growing with a deeper pool of public REITs (NETL) than ever before. For those who are unfamiliar, a triple net, or NNN, lease is a unique form of lease agreement where the lessee agrees to reimburse the landlord for certain expenses. These expenses typically include property taxes, insurance, and maintenance. Triple net leases can vary in structure, with each piece being ...

iQoncept Listen here or on the go via Apple Podcasts and Spotify Steven Cress shares what goes into quantitative investment analysis (0:40) Why Google looks good despite a poor valuation grade (15:00) Why Giga Cloud is a top consumer discretionary stock (19:00). Consumer staples pick is Sprouts Farmers (20:50) Energy and financial sector picks (21:50) Top healthcare and industrial picks (25:55). Material and real estate sector top picks (29:55). Top tech stock (32:55). Utilities pick is NRG (36:55). This is ...

Seiya Tabuchi Many yield-chasing investors out there (including myself) apply buy and hold strategies to construct portfolios, which do not require an active involvement beside some periodic rebalancing. The key objective is to select defensive enough companies that offer above-average current income streams and leave them untouched in portfolios for a long period of time, thereby fostering a snowball effect via a combination of dividend growth and reinvestments. While this requires a somewhat heavy due dil ...

Andy Sotiriou Introduction In their Q1 2024 earnings call, Essential Properties Realty Trust, Inc.'s (NYSE:EPRT) CEO updated the 2024 adjusted funds from operations (AFFO) guidance to a range of $1.72 to $1.75 which implies a 5.15% growth in AFFO at the midpoint as compared to 2023. Please take a look at Table 1 for EPRT's AFFO yield using the AFFO estimate and the stock's closing price on May 6th 2024. Table 1: AFFO Yield 2024 AFFO guidance at midpoint $1.735 Share price at the close on 5/6/24 $27.15 ...

Hispanolistic Since September 2023, when I issued my first bull thesis on Essential Properties Realty Trust (NYSE:EPRT) I have been actively covering the stock and made several additions to the position. The thesis is based on a relatively depressed P/FFO multiple, strong underlying growth and a fairly conservative AFFO payout ratio, which allows EPRT to act opportunistically in the M&A field. Moreover, the fact that EPRT carries a below-average debt load with the first notable maturities kicking in only in ...

Essential Properties Realty Trust, Inc. (NYSE:EPRT) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Rob Salisbury - SVP & Head, Capital Markets Peter Mavoides - President, CEO & Director Mark Patten - CFO & EVP Conference Call Participants Eric Borden - BMO Capital Markets Smedes Rose - Citigroup Greg McGinniss - Scotia Capital John Massocca - B. Riley Securities Haendel St. Juste - Mizuho Securities Jim Kammert - Evercore ISI Farrell Granath - Bank of America Merrill Lynch ...

Essential Properties (EPRT) reported $103.5 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 23.7%. EPS of $0.42 for the same period compares to $0.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $103.37 million, representing a surprise of +0.13%. The company delivered an EPS surprise of -2.33%, with the consensus EPS estimate being $0.43.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...