Essential Properties Announces First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall Street ends sharply higher as AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- Wall Street ends sharply higher as AI optimism reignites and Treasury yields retreat
Essential Properties Realty Trust (EPRT) Misses Q1 EPS by 2c, Revenues Miss
May 11, 2020 6:12 AM EDTEssential Properties Realty Trust (NYSE: EPRT) reported Q1 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $41.49 million versus the consensus estimate of $42.01 million.
First Quarter 2020 Financial and Operating Highlights
Ended the quarter with a 99.5% leased portfolio with a weighted average lease term (WALT) of 14.6 years and a weighted average rent coverage ratio of 2.9xReduced top 10 tenant concentration to 23.1%, a 30 bps sequential declineInvested $167.5 million in 63 properties at a 7.1% weighted average cash cap rateNet income... More