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 $0.29 per share of common stock for the third quarter of 2024. This represents an annualized dividend of $1.16 per share of common stock. The dividend is payable on October 11, 2024, to stockholders of record as of the close of business on September 30, 2024.
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 June 30, 2024, the Company’s portfolio consisted of 2,009 freestanding net lease properties with a weighted average lease term of 14.1 years and a weighted average rent coverage ratio of 3.7x. In addition, as of June 30, 2024, the Company’s portfolio was 99.8% leased to 395 tenants operating 568 different concepts in 16 industries across 49 states.
