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Essential Properties Realty Trust (EPRT) Misses Q3 EPS by 4c, provides guidance

October 23, 2024 4:11 PM

Essential Properties Realty Trust (NYSE: EPRT) reported Q3 EPS of $0.27, $0.04 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $117.13 million versus the consensus estimate of $109.73 million.

2025 Guidance

The Company currently expects 2025 AFFO per share on a fully diluted basis to be within a range of $1.84 to $1.89. The guidance range includes an estimate for investment volume of $900 million to $1.1 billion, and Cash G&A expense of $28 million to $31 million. Additionally, the guidance range includes an estimate for the dilutive effect of unsettled shares under the Company\'s outstanding forward sale agreements as calculated under the treasury stock method.

2024 Guidance

The Company reiterates its previously issued expectation that 2024 AFFO per share on a fully diluted basis will be within a range of $1.72 to $1.75.

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

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Earnings