Business Context and Reporting Period
Company: Essential Properties Realty Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 5, 2018
Event: Declaration of cash dividend by the Board of Directors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend distribution details.
- Dividend Declared: $0.224 per share of common stock.
- Dividend Composition:
- $0.21 for the third quarter ending September 30, 2018.
- $0.014 for the six days of the second quarter ended June 30, 2018 (post-IPO closing).
- Annualized Dividend (Q3 portion): $0.84 per share.
- Record Date: September 28, 2018.
- Payment Date: October 12, 2018.
Material Changes
The filing does not provide comparative financial data or material changes to operating results versus prior periods. The primary change reported is the formal declaration of the dividend following the company's initial public offering.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure of the dividend event. No unusual items or contingencies are described in this report.
Investor Verification Checklist
- Verify the record date (September 28, 2018) to confirm eligibility for the dividend payment.
- Confirm the payment date (October 12, 2018) for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend policy.
- Note that the dividend includes a partial payment for the period immediately following the IPO closing.