Essential Properties Realty Trust (EPRT) Misses Q2 EPS by 1c

Essential Properties Realty Trust (NYSE: EPRT) reported Q2 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12.

• Net income per fully diluted share decreased 21% to $0.11
• Funds from Operations (“FFO”) per fully diluted share increased 13% to $0.26
• Core Funds from Operations (“Core FFO”) per fully diluted share decreased by 7% to $0.27
• Adjusted Funds from Operations (“AFFO”) per fully diluted share remained unchanged at $0.27
• Net Debt to Annualized Adjusted EBITDAre was 4.9x at quarter end
• Cash and cash equivalents and restricted cash plus available capacity under revolving credit facility of $509.5 million at quarter end
• Ended the quarter with a 99.6% leased portfolio with a weighted average lease term (“WALT”) of 14.6 years and a weighted average rent coverage ratio of 3.0x
• Raised $17.3 million in gross proceeds from the sale of shares of common stock through the Company’s at-the-market equity program (“ATM Program”)

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

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