Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.28 Per Share for the Third Quarter of 2023
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share of common stock for the third quarter of 2023. This represents an annualized dividend of $1.12 per share of common stock. The dividend is payable on October 13, 2023, to stockholders of record as of the close of business on September 29, 2023.
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 June 30, 2023, the Company’s portfolio consisted of 1,742 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 4.1x. In addition, as of June 30, 2023, the Company’s portfolio was 99.9% leased to 360 tenants operating 560 different concepts in 16 industries across 48 states.
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Essential Properties Realty Trust Stock
Essential Properties Realty Trust is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 26 € there is a slightly positive potential of 4.54% for Essential Properties Realty Trust compared to the current price of 24.87 €.
