Essential Properties Realty Trust (EPRT) Tops Q1 EPS by 4c

Essential Properties Realty Trust (NYSE: EPRT) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10.

CEO Comments

Commenting on the first quarter 2021 results, Essential Properties’ President and Chief Executive Officer, Pete Mavoides, said, “We are pleased with our first quarter results, particularly the continuation of the key trends that drove our robust fourth quarter results, including the increased stability of our portfolio, strong investment activity, and attractively priced capital raising.” Mr. Mavoides added, “With regards to our $198 million quarterly investment activity, 81% were prior relationship transactions and 85% were direct sale-leasebacks, which speaks to the consistency of our team and our disciplined investment approach. We remain optimistic that these favorable dynamics can continue through 2021 and beyond.”

2021 Guidance

The Company reiterates its previously issued expectation that 2021 AFFO per share on a fully diluted basis will be within a range of $1.22 to $1.26.

For earnings history and earnings-related data on Essential Properties Realty Trust (EPRT) click here.

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