Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.285 per Share for the First Quarter of 2024
March 07 2024 - 3:42PM
Business Wire
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the
“Company”) announced today that its Board of Directors declared a
quarterly cash dividend of $0.285 per share of common stock for the
first quarter of 2024. This represents an annualized dividend of
$1.14 per share of common stock. The dividend is payable on April
12, 2024, to stockholders of record as of the close of business on
March 29, 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
December 31, 2023, the Company’s portfolio consisted of 1,873
freestanding net lease properties with a weighted average lease
term of 14.0 years and a weighted average rent coverage ratio of
3.8x. In addition, as of December 31, 2023, the Company’s portfolio
was 99.8% leased to 374 tenants operating 588 different concepts in
16 industries across 48 states.
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version on businesswire.com: https://www.businesswire.com/news/home/20240307375046/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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