Business Context and Reporting Period
Company: Essential Properties Realty Trust, Inc. (EPRT)
Filing Type: Form 8-K (Current Report)
Date of Report: February 1, 2023
Subject: Disclosure of the 2022 tax treatment of common stock distributions.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It exclusively details the tax characterization of dividends paid during the 2022 fiscal year.
| Record Date | Payment Date | Rate Per Share | Ordinary Dividends | Qualified Dividends | Section 199A Dividends | Non-Dividend Distribution |
|---|---|---|---|---|---|---|
| 3/31/22 | 4/13/22 | $0.2600 | $0.2073 | $0.0021 | $0.2052 | $0.0527 |
| 6/30/22 | 7/14/22 | $0.2700 | $0.2153 | $0.0022 | $0.2131 | $0.0547 |
| 9/30/22 | 10/14/22 | $0.2700 | $0.2153 | $0.0022 | $0.2131 | $0.0547 |
| 12/30/22 | 1/13/23 | $0.2750 | $0.2193 | $0.0022 | $0.2171 | $0.0557 |
Material Changes
The filing does not disclose material changes to the company's financial position or operations compared to prior periods. It serves as a regulatory disclosure of tax attributes for distributions already paid.
Guidance, Outlook, and Risks
Management Commentary: The company states that the information in Item 8.01 is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act, meaning it is not subject to the liabilities of that section nor incorporated by reference into other filings.
Risks/Contingencies: No specific risks or contingencies are detailed in this document beyond the standard tax classification of distributions.
Investor Verification Checklist
- Verify the total dividend yield based on the sum of the four quarterly distributions ($1.0750 per share for 2022).
- Confirm the tax implications of the "Non-Dividend Distribution" portion, which represents a return of capital reducing the cost basis of the investment.
- Review the Qualified Dividend portion to determine eligibility for preferential tax rates.
- Note that the filing explicitly excludes this data from liability under Section 18 of the Exchange Act.