PRINCETON, N.J. (AP) _ Essential Properties Realty Trust, Inc. (EPRT) on Monday reported first-quarter profit of $15.3 million.

On a per-share basis, the Princeton, New Jersey-based company said it had net income of 14 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The company posted revenue of $48.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $46.8 million.

Essential Properties expects full-year earnings in the range of $1.22 to $1.26 per share.

Essential Properties shares have increased 25% since the beginning of the year. In the final minutes of trading on Monday, shares hit $26.40, a rise of 99% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPRT at https://www.zacks.com/ap/EPRT

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