Essential Properties: Exposure To Consumer Discretionary Is Hurting Investment Spreads

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 ...