Essential Properties Realty Trust, Inc. (NYSE:EPRT) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET
Company Participants
Rob Salisbury - Senior Vice President and Head of Capital Markets
Pete Mavoides - President and Chief Executive Officer
Mark Patten - Executive Vice President and Chief Financial Officer
Conference Call Participants
Connor Siversky - Wells Fargo Securities, LLC
Carole Greenough - Bank of America Merrill Lynch
Eric Borden - BMO Capital Markets
Nate Crossett - BNP Paribas Exane
Elmer Chang - Scotiabank
Haendel St. Juste - Mizuho Securities
John Massocca - B. Riley Securities, Inc.
James Kammert - Evercore ISI
Operator
Good morning, ladies and gentlemen, and welcome to the Essential Properties Realty Trust Fourth Quarter 2023 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. On the call this morning are Pete Mavoides, EPRT's President and Chief Executive Officer; Mark Patten, EPRT's Chief Financial Officer; and Rob Salisbury, EPRT's Senior Vice President and Head of Capital Markets.
It's now my pleasure to turn the call over to Rob Salisbury.
Rob Salisbury
Thank you, operator. Good morning, everyone, and thank you for joining us today for Essential Properties fourth quarter 2023 earnings conference call. During this conference call, we will make certain statements that may be considered forward-looking statements under 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 the yesterday's earnings press release.
With that, I'll turn the call over to Pete.
Pete Mavoides
Thank you, Rob, and thank you to everyone joining us today for your interest in Essential Properties. We finished 2023 with a strong $315 million of investments in the fourth quarter and just over a $1 billion invested for the full-year. This translated to AFFO per share growth of 8% in 2023, which we are proud of given the industry backdrop of heightened volatility in the capital markets and wider bid-ask spreads in the transaction markets, serving as a testament to the resilience of our differentiated investment strategy and variable portfolio.