2024-05-02 13:09:23 ET
Summary
- Essential Properties Realty Trust has a depressed P/FFO multiple, strong growth potential, and a conservative AFFO payout ratio.
- For these reasons, since the publication of my bull thesis on EPRT back in September 2023, I have consistently purchased this REIT, diversifying my exposure to Realty Income Corporation.
- I dissect the key items of the 1Q24 report and explain why I am still bullish on EPRT after it has delivered ~13% in alpha relative to the overall REIT market.
Since September 2023, when I issued my first bull thesis on Essential Properties Realty Trust ( EPRT ) I have been actively covering the stock and made several additions to the position....
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For further details see:
Essential Properties Realty Trust: The Value Potential Is Still There After Q1 Earnings