Essential Properties Realty Trust, Inc. (NYSE:EPRT) to Issue $0.32 Quarterly Dividend

Key Points

• Essential Properties Realty Trust declared a quarterly dividend of $0.32 per share, payable October 14 to shareholders of record on September 30. The annualized dividend is $1.28 per share, representing a 4.3% yield.
• The REIT has increased its dividend for six consecutive years, but its current 95.5% payout ratio leaves limited coverage if earnings decline. Analysts expect next year’s earnings to support a lower projected payout ratio of 61%.
• In its latest quarter, Essential Properties reported EPS of $0.34, beating estimates by $0.01, while revenue rose 18.1% year over year to $161.89 million. Shares opened at $29.88, near the company’s 52-week low.

Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.32 per share on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Essential Properties Realty Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Essential Properties Realty Trust has a payout ratio of 95.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Essential Properties Realty Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 61.0%.

Essential Properties Realty Trust Stock Up 0.8%

NYSE:EPRT opened at $29.88 on Wednesday. The firm has a market capitalization of $6.46 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. The stock has a 50 day moving average of $31.10 and a 200-day moving average of $31.42. Essential Properties Realty Trust has a 52 week low of $28.95 and a 52 week high of $34.73. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business's revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Analysts predict that Essential Properties Realty Trust will post 1.97 EPS for the current year.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc NYSE: EPRT is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.

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