Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.29 per Share, a 1.8% Increase Over Prior Quarter
June 03 2024 - 4:58PM
Business Wire
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the
“Company”) announced today that its Board of Directors declared a
quarterly cash dividend of $0.29 per share of common stock for the
second quarter of 2024. On an annualized basis the second quarter
2024 dividend of $0.29 equals $1.16 per share, an increase of $0.02
per share compared to the previous annualized dividend. The
dividend is payable on July 12, 2024, to stockholders of record as
of the close of business on June 28, 2024.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed
REIT that acquires, owns and manages primarily single-tenant
properties that are net leased on a long-term basis to companies
operating service-oriented or experience-based businesses. As of
March 31, 2024, the Company’s portfolio consisted of 1,937
freestanding net lease properties with a weighted average lease
term of 14.1 years and a weighted average rent coverage ratio of
3.9x. In addition, as of March 31, 2024, the Company’s portfolio
was 99.9% leased to 383 tenants operating 548 different concepts in
16 industries across 48 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20240603082549/en/
Investor/Media: Essential Properties Realty Trust, Inc. Robert
W. Salisbury, CFA Senior Vice President, Head of Capital Markets
609-436-0619 investors@essentialproperties.com
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