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 $0.23 per share of common stock for the fourth quarter of 2019. On an annualized basis, this dividend of $0.92 per share of common stock represents an increase of $0.04 per share over the previous annualized dividend. The dividend is payable on January 15, 2020 to stockholders of record as of the close of business on December 31, 2019.
About Essential Properties Realty Trust, Inc.
Essential Properties Realty Trust, Inc. is an internally managed REIT 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, 2019, the Company’s portfolio consisted of 917 freestanding net lease properties with a weighted average lease term of 14.4 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 199 tenants operating 233 different concepts in 16 industries across 45 states.
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Essential Properties Realty Trust, Inc.
Senior Vice President, Capital Markets
Source: Essential Properties Realty Trust, Inc.