EPRT Stock Recent News

Essential Properties Realty Trust has a depressed P/FFO multiple, strong growth potential, and a conservative AFFO payout ratio. For these reasons, since the publication of my bull thesis on EPRT back in September 2023, I have consistently purchased this REIT, diversifying my exposure to Realty Income Corporation. I dissect the key items of the 1Q24 report and explain why I am still bullish on EPRT after it has delivered ~13% in alpha relative to the overall REIT market.

While the top- and bottom-line numbers for Essential Properties (EPRT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.40 per share a year ago.

The Zacks REIT and Equity Trust - Retail industry stocks EPRT and SKT are in focus amid limited supply and an emphasis on omnichannel retailing, adaptability and essential retail tenants.

Essential Properties Trust is a net-lease REIT with a portfolio of nearly 2,000 properties leased to various tenants. EPRT has outperformed its peers in the net lease sector due to its focus on small properties, middle-market tenants, and sale-leaseback transactions. While EPRT offers higher growth potential, it also comes with higher risks, including exposure to economic downturns and inflation. The stock is currently considered fairly valued.

I have made many mistakes over the years. Some of them cost me a lot of money. Learn from my mistakes so you don't need to learn the hard way.

REITs are selling off again. We are buying the dip because we expect a rally later this year. We highlight two REITs with significant upside potential.

Looking For Income? 5%-Yielding Essential Properties Realty Trust May Be Right For You

I recommend reading the book "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko, published in 1996. The book emphasizes the importance of living below your means and adopting a lifestyle of hard work, perseverance, and self-discipline to accumulate wealth. In this article, I'm recommending two REITs that I will be including in my "millionaire maker" portfolio.

Essential Properties Realty Trust, Inc. (EPRT) Q4 2023 Earnings Call Transcript