Essential Properties: Q4 Earnings Snapshot

PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — Essential Properties Realty Trust, Inc. (EPRT) on Wednesday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.

The Princeton, New Jersey-based real estate investment trust said it had funds from operations of $55.8 million, or 39 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.