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Despite challenges with growth in e-commerce and trade policy and changing consumer spending patterns, the Zacks REIT and Equity Trust - Retail stocks EPRT and UE are gaining attention for their potential to thrive in current market conditions.
Essential Properties Realty Trust, Inc. (NYSE:EPRT ) Q4 2024 Earnings Conference Call February 13, 2025 10:00 AM ET Company Participants Robert Salisbury - Senior Vice President and Head of Capital Markets Pete Mavoides - President and Chief Executive Officer Mark Patten - Chief Financial Officer AJ Peil - Head of Asset Management Conference Call Participants Haendel St. Juste - Mizuho Caitlin Burrows - Goldman Sachs Rich Hightower - Barclays Maddie Fargis - Citi Eric Borden - BMO Capital Markets Michael Goldsmith - UBS Farrell Granath - Bank of America Daniel Guglielmo - Capital One Securities Jay Kornreich - Wedbush Securities Greg McGinniss - Scotiabank Spenser Allaway - Green Street Advisors John Massocca - B. Riley Securities Operator Good morning, ladies and gentlemen, and welcome to Essential Properties Realty Trust Fourth Quarter 2024 Earnings Conference Call.
The headline numbers for Essential Properties (EPRT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.42 per share a year ago.
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) today announced operating results for the three months and year ended December 31, 2024. Fourth Quarter 2024 Financial and Operating Highlights: Operating Results (compared to Fourth Quarter 2023): •Investments (78 properties) $ Invested $333.4 million Weighted Avg Cash Cap Rate 8.0% •Dispositions (24 properties) Net Proceeds $60.4 million Weighted Avg Cash Cap.
Evaluate the expected performance of Essential Properties (EPRT) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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Commercial real estate, especially net lease REITs, faces volatility due to rising interest rates and inflation, impacting valuations and investor sentiment. Essential Properties Realty Trust stands out with a sale-leaseback model, outperforming peers despite recent share price declines linked to rising treasury yields. EPRT's reliance on tenants with lower creditworthiness poses risks, contrasting with more stable investment-grade portfolios like ADC.