Essential Properties Realty Trust, Inc. (EPRT) To Go Ex-Dividend on September 30th

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

Essential Properties Realty Trust has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. Essential Properties Realty Trust has a payout ratio of 95.5% meaning 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 Performance

Shares of EPRT stock opened at $29.58 on Thursday. Essential Properties Realty Trust has a 12-month low of $28.95 and a 12-month high of $34.73. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.85. The business has a 50 day simple moving average of $31.09 and a 200 day simple moving average of $31.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17.

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

About Essential Properties Realty Trust

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.