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Earnings Call Summary | Essential Properties Realty Trust Inc(EPRT.US) Q1 2024 Earnings Conference

Futu News ·  Apr 26 06:50  · Conference Call

The following is a summary of the Essential Properties Realty Trust, Inc. (EPRT) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Essential Properties Realty Trust reported a 5% AFFO per share growth achieved from $249 million of investments in Q1 2024.

  • The 2024 AFFO per share guidance has been revised to range between $1.72 and $1.75, suggesting over 5% growth at midpoint.

  • The corporation anticipates approaching $6 billion in income-producing gross assets later this year.

Business Progress:

  • A majority (87%) of the company's investments were generated from existing relationships.

  • Despite a volatile market, the company maintains a strategic focus on serving existing relationships and establishing new, long-term relationships.

  • The company's future strategy also includes managing and reducing industry and tenant concentrations by selling overexposed assets.

More details: Essential Properties Realty Trust Inc IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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