Essential Properties Realty Trust (EPRT) Declares $0.29 Quarterly Dividend

By Tamara Parker • Tuesday, September 10 08:08 • Permanent Link

Essential Properties Realty Trust, Inc. (NYSE: EPRT) has declared a quarterly cash dividend of $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024.

As of June 30, 2024, the Company’s portfolio consisted of 2,009 freestanding net lease properties with a weighted average lease term of 14.1 years and a weighted average rent coverage ratio of 3.7x. Additionally, the Company’s portfolio was 99.8% leased to 395 tenants operating 568 different concepts in 16 industries across 49 states.

This announcement signifies a continuation of the company's commitment to providing returns to its shareholders, as the dividend per share remains unchanged from the previous quarter. The market has reacted to these announcements by moving the company's shares 0.7% to a price of $32.3. If you want to know more, read the company's complete 8-K report here.

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