Essential Properties Realty Trust, Inc. has declared a quarterly cash dividend of $0.30 per share of common stock for the second quarter of 2025, representing an increase of approximately 2% over the prior quarter. This translates to an annualized dividend of $1.20 per share, marking a $0.02 per share increase compared to the previous annualized dividend. The dividend is set to be payable on July 14, 2025, to stockholders of record as of the close of business on June 30, 2025.
As of March 31, 2025, Essential Properties Realty Trust, Inc.'s portfolio comprised 2,138 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 3.5x. Moreover, the company's portfolio was 99.7% leased to 423 tenants operating 604 different concepts in 16 industries across 49 states.
Essential Properties Realty Trust, Inc. is an internally managed REIT focused on acquiring, owning, and managing primarily single-tenant properties net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As a result of these announcements, the company's shares have moved 0.55% on the market, and are now trading at a price of $32.68. If you want to know more, read the company's complete 8-K report here.
