Essential Properties Realty Trust, Inc. (NYSE:EPRT) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET
Company Participants
Daniel Donlan - Senior Vice President and Head of Capital Markets
Peter Mavoides - President and Chief Executive Officer
Mark Patten - Executive Vice President and Chief Financial Officer
Conference Call Participants
Ravi Vaidya - Mizuho Securities
RJ Milligan - Raymond James & Associates
Joshua Dennerlein - Bank of America Merrill Lynch
Greg McGinniss - Scotiabank
Nick Kerr - Citigroup Inc.
John Massocca - Ladenburg Thalmann & Co.
Omotayo Okusanya - Credit Suisse AG
Operator
Good morning, ladies and gentlemen, and welcome to the Essential Properties Realty Trust Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]
This conference call is being recorded and a replay of the call will be available two hours after the completion of the call for the next two weeks. The dial-in details for the replay can be found in yesterday's press release. Additionally, there will be an audio webcast available on Essential Properties website at www.essentialproperties.com. An archive of which will be available for 90-days.
It is now my pleasure to turn the call over to Dan Donlan, Senior Vice President and Head of Capital Markets and Portfolio Management at Essential Properties.
Daniel Donlan
Thank you, operator, and good morning, everyone. We appreciate you joining us today for Essential Properties fourth quarter 2022 conference call. Here with me today to discuss our operating results are Pete Mavoides, our President and CEO and Mark Patten, our CFO.
During this conference call, we will make certain statements that may be considered forward-looking statements on our Federal Securities Law. The Company's actual future results may differ significantly from the matters discussed in these forward-looking statements. And we may not release revisions to those forward-looking statements to reflect changes after the statements were made. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the Company's filings with the SEC and in yesterday's earnings release.
With that, Pete, please go ahead.
Peter Mavoides
Thank you, Dan, and thank you to everyone who is joining us today for your interest in Essential Properties. We finished 2022 on a strong note with a record $328 million of investments in the fourth quarter and $937 million invested for the full-year. This translated to year-over-year AFFO per share growth of 14% in 2022, which we are extremely proud of given the unprecedented volatility in the capital markets and the rapid raise in interest rates.