EPRT Stock Recent News

Essential Properties (EPRT) came out with quarterly funds from operations (FFO) of $0.42 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.39 per share a year ago.

Essential Properties is a REIT that has experienced strong growth while its share price has remained relatively stable. The company leases its properties to service-oriented tenants, providing stable income and secure rent. Essential Properties has a strong balance sheet, favorable debt maturities, and attractive valuation metrics, making it an interesting investment opportunity.

Essential Properties Realty Trust is a REIT that leases properties to diverse industries and has reported strong financial growth in the last three years driven by increased rentable space and rental revenue. A comparison of annual dividend of $1.125, with the current share price indicates a dividend yield of 4.36%. The stock is currently undervalued, and I think it can grow by 14% from the current price levels as a result of its expansion activities and improving demand in the market.

Essential Properties (EPRT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

I credit my friend and fellow writer Chuck Carnevale for teaching me about the concept of value investing. In this article, I will highlight the importance of patience and a long-term mindset in value investing. I will also recommend two REITs that are in the so-called "sweet spot".

EPRT focuses on mid-size regional or national companies in sectors that are less likely to be disrupted by digitalization or e-commerce. The company's stock has fared rather well compared with the competition in the last difficult year for REITs. Prudent debt management and positive investments for growth seem to point to a great future.

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company”) announced today that the Company will release its operating results for the fourth quarter ended December 31, 2023, after the market close on Wednesday, February 14, 2024. The Company will host its fourth quarter 2023 earnings conference call and audio webcast on Thursday, February 15, 2024, at 10:00 a.m. Eastern Time to discuss its operating results. A webcast of the.

Essential Properties Realty Trust has a diversified portfolio of over 1700 properties across 48 states, with strong occupancy rates and long-term leases. EPRT has a strong balance sheet, with the lowest debt level in the industry and first debt maturities only in 2026, providing stability and cash flow visibility. Due to solid operating performance and favourable AFFO guidance, EPRT's valuation multiple has converged to the sector average.

Several REITs currently present buying opportunities due to the rise in interest rates. Highwoods Properties stock is down 35%, and trades less than 15x P/AFFO, offering great upside potential. Both REITs continue to face headwinds from the current macro environment. Investors should pay close attention to declining occupancy rates from both going forward.

REITs are priced at their lowest valuations in years. Net lease REITs are particularly cheap, despite enjoying steady growth. We highlight three of our Top Picks for 2024.