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 $0.21 per share of common stock for the fourth quarter of
2018. This represents an annualized dividend of $0.84 per share. The
dividend is payable on January 14, 2019 to stockholders of record as of
the close of business on December 31, 2018.
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
September 30, 2018, the Company’s portfolio consisted of 645
freestanding net lease properties with a weighted average lease term of
14.3 years and a weighted average rent coverage ratio of 2.8x. As of the
same date, the Company’s portfolio was 99.8% leased to 153 tenants
operating 162 different concepts in 15 distinct industries across 42
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Essential Properties Realty Trust, Inc.
Senior Vice President, Capital Markets
Source: Essential Properties Realty Trust, Inc.