Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.33%. A quarter ago, it was expected that this company would post FFO of $0.42 per share when it actually produced FFO of $0.42, delivering no surprise.Over the last four quarters, the company has n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________________ (Mark One) Registrant's telephone number, including area code: (609) 436-0619 ______________________________________________________________________________________________________ Securities ...

Exhibit 99.1 Essential Properties Announces First Quarter 2024 Results - First Quarter Net Income per Share of $0.28 and AFFO per Share of $0.42 - - Closed Investments of $248.8 million at an 8.1% Weighted Average Cash Cap Rate - - Updates 2024 AFFO Guidance to $1.72 to $1.75 per Share - April 24, 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 months ended March 31, 2024. Fir ...

The Zacks REIT and Equity Trust - Retail industry constituents are expected to benefit from consumers’ growing preference for in-store shopping experiences and limited new supply of retail real estate space. Efforts to support omnichannel retailing, adaptive reuse capabilities and a focus on e-commerce resistant sectors have poised Essential Properties Realty Trust, Inc. (EPRT) and Tanger Inc. (SKT) well for growth.Nevertheless, concerns loom due to rising retailer bankruptcies, elevated borrowing costs, hi ...

CHEYENNE, Wyo., March 20, 2024 (GLOBE NEWSWIRE) -- Mexican quick-service restaurant staple Taco John's® proudly welcomes industry veteran Heather Neary to the executive leadership team as President and Chief Executive Officer. Neary brings more than two decades of relevant restaurant, brand, and franchise leadership experience to her new role, most recently as the Brand President at KBP Brands, a large QSR Franchisee. She joins Taco John's as the company accelerates its expansion throughout the Midwest and ...

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $24.75 per share. The offering was upsized from the previously announced offering size of 8,000,000 shares of common stock, and the offering is expected to close on March 14, 2024, ...

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it has commenced an underwritten public offering of 8,000,000 shares of its common stock on a forward basis in connection with the forward sale agreements described below. BofA Securities, Wells Fargo Securities, Truist Securities and Mizuho are acting as the joint book-running managers for the offering. In connection with the offering, the Company expects to enter into forward sale a ...

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.285 per share of common stock for the first quarter of 2024. This represents an annualized dividend of $1.14 per share of common stock. The dividend is payable on April 12, 2024, to stockholders of record as of the close of business on March 29, 2024. About Essential Properties Realty Trust, Inc. Essential Properties Real ...

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) (“Red Robin” or the “Company”), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed a third Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. (NYSE: EPRT) to sell and simultaneously lease-back ten owned properties. The transaction generated gross proceeds of approximately $24 million. The Company a ...

PRINCETON, N.J.--(BUSINESS WIRE)--Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the promotion of two executives. Max Jenkins has been promoted to EVP, Head of Investments. AJ Peil, CFA has been promoted to EVP, Head of Asset Management. Pete Mavoides, the Company’s President and Chief Executive Officer, said, “ These promotions highlight the impressive performance of two of our senior leaders and serve as recognition for their contributions over their many ...