PRINCETON, N.J.–(BUSINESS WIRE)–Essential Properties Realty Trust, Inc. (NYSE:EPRT; the “Company”)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.22 per share of common stock for the second quarter of
2019. On an annualized basis, this dividend of $0.88 per share of common
stock represents an increase of $0.04 per share over the previous
annualized dividend. The dividend is payable on July 15, 2019 to
stockholders of record as of the close of business on June 28, 2019.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed real
estate company that acquires, 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. As of March
31, 2019, the Company’s portfolio consisted of 711 freestanding net
lease properties with a weighted average lease term of 14.5 years and a
weighted average rent coverage ratio of 2.8x. As of the same date, the
Company’s portfolio was 99.9% leased to 172 tenants operating 197
different concepts in 16 distinct industries across 44 states.
Contacts
Investor/Media:
Essential Properties Realty Trust, Inc.
Daniel
Donlan
Senior Vice President, Capital Markets
609-436-0619
[email protected]
