Essential Properties Realty Trust, Inc. Provides Earnings Guidance for the Year Ending December 31, 2021 and Year Ending December 31, 2022
November 01, 2021 at 04:10 pm EDT
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Essential Properties Realty Trust, Inc. provided earnings guidance for the year ending December 31, 2021 and year ending December 31, 2022. For the year the ending December 31, 2021, the Company reiterated its previously issued expectation that 2021 AFFO per share on a fully diluted basis will be within a range of $1.30to $1.32.
For the year ending December 31, 2022, the company expected AFFO per share on a fully diluted basis to be within a range of $1.46 to $1.50.
Essential Properties Realty Trust, Inc. is an internally managed real estate investment trust (REIT). The Company 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. The Company has a diversified portfolio that focuses on properties leased to tenants in businesses, including car washes, restaurants (primarily quick service restaurants and casual dining), early childhood education, medical and dental services, convenience stores, automotive services, equipment rental and sales, grocery, entertainment, industrial, and health and fitness. The Companyâs portfolio consists of about 1,873 freestanding net lease properties with a weighted average lease term of 14 years and a weighted average rent coverage ratio of 3.8x. In addition, the Companyâs portfolio is leased to about 374 tenants operating 588 different concepts in 16 industries across 48 states.
ESSENTIAL PROPERTIES REALTY TRUST, INC. 
