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Essential Properties Realty Trust (EPRT)
:EPRT
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 3.84%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong investment activity, AFFO growth, high occupancy, and improved financial metrics despite challenges such as the Zips Car Wash bankruptcy and cap rate compression.Company Guidance
In the Essential Properties Realty Trust fourth quarter 2024 earnings call, the company provided an optimistic outlook for 2025. The updated guidance for 2025 Adjusted Funds from Operations (AFFO) per share was set in the range of $1.85 to $1.89, reflecting a slight increase at the low end. The company reported strong portfolio performance, with a tenant occupancy rate of 99.7% and a same-store rent growth of 1.4%. The investment pipeline remains robust, supporting the company's investment guidance of $900 million to $1.1 billion for 2025. Essential Properties ended the quarter with a weighted average lease term of 14 years, a tenant unit-level rent coverage ratio of 3.5 times, and a pro forma leverage of 3.8 times. Despite competitive pressures resulting in modest cap rate compression, the company remains focused on maintaining tenant relationships and supporting growth across its portfolio.Strong Investment Activity
Invested $333 million through 37 transactions at a weighted average cash yield of 8%. Investment pipeline is supportive of the guidance range of $900 million to $1.1 billion for 2025.
Positive AFFO Growth
AFFO per share increased by 7% to $0.45 compared to Q4 2023. Total AFFO was $81.8 million, up 22% from the same period in 2023.
High Occupancy and Collections
Occupancy rate at 99.7% and 100% rent collections in the fourth quarter. Signed 72 leases with a recapture rate of 101%.
Improved Financial Metrics
G&A expenses as a percentage of total revenue decreased to 4.8% from 5.2% in the previous year. Declared a cash dividend of $0.295 with an AFFO payout ratio of 66%.
Strong Balance Sheet and Liquidity
Pro forma leverage of 3.8 times and liquidity of $1.4 billion. Upsized revolver commitment to $1 billion and an extended maturity date to February 2030.
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EPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $30.70 | $31.12 | +1.37% |
| Oct 23, 2024 | $33.57 | $33.04 | -1.58% |
| Jul 24, 2024 | $29.83 | $29.40 | -1.44% |
| Apr 24, 2024 | $25.59 | $25.00 | -2.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Essential Properties Realty Trust (EPRT) report earnings?
Essential Properties Realty Trust (EPRT) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Essential Properties Realty Trust (EPRT) earnings time?
Essential Properties Realty Trust (EPRT) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EPRT EPS forecast?
EPRT EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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