Essential Properties Realty Trust, Inc. Announces Dividend for the Third Quarter 2019
PRINCETON, N.J.--(BUSINESS WIRE)--Sep 9, 2019--
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 third quarter of 2019. This represents an annualized dividend of $0.88 per share of common stock. The dividend is payable on October 15, 2019 to stockholders of record as of the close of business on September 30, 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 June 30, 2019, the Company’s portfolio consisted of 789 freestanding net lease properties with a weighted average lease term of 14.5 years and a weighted average rent coverage ratio of 2.9x. As of the same date, the Company’s portfolio was 100.0% leased to 184 tenants operating 219 different concepts in 16 distinct industries across 45 states.
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Essential Properties Realty Trust, Inc.
Senior Vice President, Capital Markets
KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: RETAIL OTHER CONSTRUCTION & PROPERTY HOME GOODS RESTAURANT/BAR COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY CONVENIENCE STORE SPECIALTY REIT FOOD/BEVERAGE
SOURCE: Essential Properties Realty Trust, Inc.
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PUB: 09/09/2019 04:24 PM/DISC: 09/09/2019 04:24 PM