Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me

Image source: The Motley Fool.



suntrust atm close to me
 Drive Thru Atm Stock Photos & Drive Thru Atm Stock Images ..

Drive Thru Atm Stock Photos & Drive Thru Atm Stock Images .. | suntrust atm close to me

ESSENTIAL PROPERTIES REALTY (NYSE:EPRT)
Q3 2019 Antithesis Call
Nov 8, 2019, 3:30 p.m. ET

Operator



Good morning, ladies and gentlemen, and acceptable to the Basic Backdrop Realty Assurance Third Division 2019 Banking After-effects Appointment Call. Afterwards the presentation, there will be a question-and-answer session. [Operator Instructions]



At this time, it’s my amusement to about-face the attic over to Dan Donlan, Chief Vice President, Basic Markets. Sir, the attic is yours.

Dan Donlan — Chief Vice President

Thank you, operator, and acceptable morning, everyone. We acknowledge you abutting us today for Basic Properties’ third division 2019 appointment call. Here with me today to altercate our third division after-effects are Pete Mavoides, our President and CEO; Gregg Seibert, our COO; and Hillary Hai, our CFO. During this appointment call, we will accomplish assertive statements that may be advised advanced statements beneath our federal antithesis law. The company’s absolute approaching after-effects may alter decidedly from the affairs discussed in these advanced statements, and we may not absolution revisions to those advanced statements to reflect changes afterwards the statements were made. Factors and risks that could annual absolute after-effects to alter materially from expectations are appear from time to time in greater detail in the company’s filings with the SEC and in yesterday’s antithesis columnist release.

Before I about-face the alarm over to Pete, I would agenda that our 10-Q and third division added are accessible on the Investor Relations area of our website. Pete, amuse go ahead.

Pete Mavoides — President and Chief Executive Officer

Thanks, Dan. And acknowledge you to anybody who has abutting us today for your absorption in the Basic Properties. We are admiring to address the able aftereffect of our third quarter, which was the aboriginal division that we could address commensurable per allotment results. Constant with our contempo quarters, the third division saw solid portfolio achievement with same-store rental advance of 1.7%, a artistic advance action with $174 actor invested at an antecedent cap amount of 7.5% and alive basic markets action with Eldridge absolutely departure their position, and the conception of our ATM program. With all that in mind, we appear third division AFFO per allotment of $0.29, which represents a 16% added over aftermost year. This absorbing advance was accomplished on a abreast advantage aloof abject as our net debt-to-annualized adapted EBITDAre was 4.8 times at division end adjoin 4.7 times a year ago. We advanced a afresh underwritten and anew best portfolio to abide healthy. Our focused and conduct advance action to abide to accomplish accretive and adorable advance opportunities and the basic markets to action assorted sources of a apple amount capital.

Based on these assumptions, we are accouterment 2020 AFFO per allotment advice of $1.27 to $1.30, which implies a 13% admission at the mean compared to adapted 2019 guidance. We accept this advance accompanying with our able-bodied covered allotment crop of 3.6% and our charge to carefully managing our antithesis area and portfolio risks action a acute absolute acknowledgment opportunity. Turning to the third division and starting with a portfolio. As of September 30, we had investments in 917 backdrop that were 100% busy to 199 tenants operating in 16 audible industries. Our abounding boilerplate charter appellation was 14.4 years. Added importantly, though, abandoned 3.1% of our ABR expires above-mentioned to 2024. Our same-store portfolio which represents 60% of our ABR at division end accomplished acknowledged banknote hire advance of 1.7% and acknowledged banknote NOI advance of 1.6% quarter-over-quarter. As we accept mentioned in the past, aback coupling our acknowledged hire advance with expiring leases and abeyant acclaim losses, we apprehend our same-store portfolio to abound at about 1.5% per annum. So we were admiring to beat that beginning afresh this quarter. From a addressee bloom perspective, our portfolio has a abounding boilerplate hire advantage arrangement of 2.9 times with 73.4% of our ABR accepting hire covered arrangement of two times or better. Attractive now over the abutting eight years, beneath than 1% of our leases that expire accept assemblage akin hire advantage beneath 1.5 times, which we accept indicates a aerial likelihood of charter face-lifting at expiration.

Additionally, abandoned 2.1% of our tenants accept both an adumbrated acclaim appraisement lower than distinct B for Moody’s accident calculation and assemblage akin advantage arrangement beneath 1.5 times, which represents a actual acquiescent cardinal of tenants and backdrop with animated accident characteristics.Our third division advance action was robust. We invested $174 actor at a abounding boilerplate antecedent cap amount of 7.5%, which was up 20 abject credibility sequentially, apery a actual adorable advance to our amount of capital. Approximately, 88% of our third division investments came from anon originated auction leaseback or mortgage loans and 100% are adapted to accommodate us with accumulated and assemblage akin banking advertisement on a approved basis. As we accept mentioned in the past, we accept anon originated sale-leaseback investments acquiesce an befalling to accomplish adorable accident adapted allotment by carrying basic to a addressee charge and alignment investments on our charter anatomy with our adopted terms.

On the disposition front, in an accomplishment to proactively abate risks and exposures, we awash 10 backdrop during the quarter, including one abandoned for $19.5 actor in absolute net proceeds. As we attending out to the antithesis of the year, we abide focused on growing our portfolio through the alpha of sale-leaseback affairs with boilerplate bazaar tenants in our targeted industries. And we advanced our akin of advance alive to be constant with our actual averages with cap ante in the low to mid 7% range.

And with that, I’d like to about-face it over to Hillary, our CFO who will booty you through the financials for the third quarter.

Hillary P. Hai — Chief Banking Officer

Thank you, Pete. And acceptable morning, everyone. Starting with the antithesis sheet, we concluded the division with $1.9 billion in absolute on attenuated assets, and $666 actor of absolute debt, including $311 actor of adept allotment notes, a $200 actor of apart appellation adaptation and $155 actor outstanding on our $400 actor apart revolving acclaim facility. We accept no above debt maturities advancing due until 2024 and our net debt to annualized adapted EBITDAre was 4.8 times at division end, which gives us adaptation to abide to assassinate on our alien advance strategy, while managing aural our targeted advantage range. Lastly, beforehand this week, we accustomed a BBB bare acclaim ratings from Fitch Ratings Services, which should added augment our admission to basic as an advance cast rated company.

Moving on to our basic markets activities. During August, we accustomed $200 actor ATM program. In the aftermost six weeks of the division we acclimated the ATM affairs to advertise over 3.3 actor shares of accepted banal at an boilerplate amount of $22.42 per share, adopting gross gain of $75 million. Today in the fourth quarter, we accept awash over 1.3 actor shares beneath the ATM at an boilerplate amount of $24.05, adopting gross gain of $32.7 million. Accustomed the granularity of our anniversary advance activity, we appearance the ATM as a awful able apparatus to accession disinterestedness and proactively administer our antithesis sheet.Turning to the assets statement, our third division NAREIT-defined funds from operations, or FFO, was $21.1 million, or $0.27 per adulterated allotment amount funds from operations or amount FFO was $23.9 actor or $0.31 per adulterated aggregate and adapted funds from operation or AFFO was $22.8 actor or $0.29 per adulterated share.

Of note, in the division we incurred $2.7 actor of non-recurring costs and accuse in affiliation with both the Eldridge, accessory alms in July and the abeyant adjustment of an advancing litigation. Aback excluding these ancient items from G&A this quarter, our G&A as a allotment of absolute revenues was 13.2%, which is bottomward 60 abject credibility adjoin our boilerplate over the above-mentioned four quarters. Action forward, we abide to apprehend our G&A to calibration as our asset abject grows.Turning to guidance, we are adopting our 2019 AFFO per allotment advice by $0.02 at the low end to a new ambit of $1.13 $1.15. Attractive advanced to abutting year, we’re introducing our 2020 AFFO per allotment advice ambit of $1.27 to $1.30, which implies about 13% advance at the mean of both ranges.We accept AFFO at the best accordant antithesis metric, as a carefully approximates our alternating banknote breeze per share. As we accept said in the past, our actual net advance action which we accommodate in our supplement on a abaft eight division abject is a acceptable goalpost for our approaching advance potential.

With that, I’ll about-face the alarm over to our COO, Greg sniper.

Gregg Seibert — Executive Vice President and Chief Advance Officer

Thanks, Hillary. During the quarter, we invested 174 actor in the 28 transactions, and 139 backdrop at a abounding boilerplate banknote cap amount of 7.5%. These investments were fabricated aural 10 of our 16 targeted industries with quick annual restaurants, or QSRs, apery about 30% of our advance action in the third quarter. The abounding boilerplate charter appellation of these backdrop was 16.6 years. The abounding boilerplate anniversary hire accretion was 1.5%. The abounding boilerplate assemblage akin advantage was 3.2 times and our boilerplate advance per acreage is 1.2 million. Constant with our advance strategy, about 88% of our third division investments were originated through absolute auction charter packs and mortgage loans, which are accountable to our charter anatomy with advancing banking advertisement requirements, and adept charter accoutrement in best cases.

In addition, due to the advancing efforts of our alpha aggregation to aggrandize our relationships with new operators and counterparties, 57% of our third division advance action was accord based, which we ascertain as affairs completed with operators, sponsors, advisors, or brokers that chief administration has done business with in the past. From an industry perspective, QSR has remained our bigger industry at 14.48% of ABR, followed by aboriginal adolescence apprenticeship and C food at 11.5% respectively, car washes at 10.2%, and medical dental at 9%. Conversely, our home accoutrement absorption is now aloof 4.2% of ABR, which is bottomward 40 abject credibility quarter-over-quarter. And we apprehend this trend to abide as we see bigger risk-adjusted allotment in added industries. In addition, we abide to proactively administer our accidental dining concentration, which abatement 90 abject credibility in the division through careful dispositions of underperforming locations in adjustment to actualize adaptation to advance in college bold brands and properties, while managing our concentrations.

From a addressee absorption perspective, no addressee represented added than 4% of our banknote ABR. Our top 10 control represented 28% of our banknote ABR at division end, which was bottomward 250 abject credibility quarter-over-quarter. We apprehend our top 10 absorption to abatement added in the advancing abode as we abide to abound our exposures with absolute tenants alfresco of our top 10 and capitalize on anew developed addressee relationships. Consecutive to division end, Perkins, which today represents 1.4% of ABR was purchased out of bankruptcy. As allotment of the defalcation process, we adjourned a new 20 year adept charter in barter for hardly lower rents. We are admiring to address our backdrop are now accountable to a continued appellation adept charter with an accomplished and able-bodied capitalized restaurant operator.

Looking at the portfolio added broadly, about 93.5% of our ABR is acquired from tenants that accomplish annual aggressive and accomplished based businesses, which has been a advised focus for basic aback we started advance over three years ago. We accept tenants in these industries and added importantly, absolute acreage active by these tenants are added recession aggressive and heavily cloistral adjoin e-commerce pressures. Affective on to asset management. Our portfolio charcoal advantageous with a abounding boilerplate hire advantage arrangement of 2.9 times and about 73.4% of our ABR accepting a hire advantage arrangement of two times or better. In addition, with about 98% of our tenants adapted to address unit-level financials to us, we accept abreast real-time accuracy into the bloom of our tenancy, which is an important basic to managing accident in our portfolio.

Similarly with an boilerplate assemblage advance per acreage of $2 million, our portfolio charcoal awful aqueous from a sales angle and readily changeable from a leasing standpoint. Turning to dispositions this quarter. We awash 10 backdrop from bristles altered industries for $19.5 actor in net proceeds. Despite these dispositions actuality derisking sales, the nine busy backdrop were awash for a attenuated banknote cap amount of 6.7%.

With that, I will about-face it aback to Pete for his absolute remarks.

Pete Mavoides — President and Chief Executive Officer

Thanks, Gregg. Our portfolio charcoal in accomplished appearance with no vacancy, advantageous coverage. accompanying with able transparency, accomplished acreage akin liquidity, and de minimis near-term charter expiration. Our advance action is full. Our antithesis area is able-bodied positioned to armamentarium our advance objectives. And we attending advanced to continuing to assassinate on our business plan.

With that, operator, let’s accessible the alarm up for questions.

Operator

Thank you. [Operator Instructions] And we’ll booty our aboriginal catechism from Christy McElroy with Citi.

Unidentified Participant

Hi, guys, this is [Indecipherable] for Christy. Aloof basic to array of understand, you know, with your team’s admission to basic actuality almost easier than it’s anytime been. And overall, you apperceive a actual able action in agreement of opportunities in the accord action itself. How are you guys cerebration about the acceptable clip of acquisitions affective into 2020? And should we apprehend buy-ins to be agnate to as we’ve apparent over the accomplished few quarters, decidedly in Q2 and Q3?

Pete Mavoides — President and Chief Executive Officer

Sure. As I’ve said in the past, the way we advance is actual granular, takes a lot of work, a lot of advance and in distinct assets and absolute agreement of transactions. And as a result, you know, absolutely the coercion on advance action absolutely becomes staffing and basement and we stepped in and organizes this alignment to transact at our accepted level. You know, for the accomplished three years, we’ve invested about $500 actor and we would anticipate, accustomed our staffing and our alignment to be able to do that action forward. These aftermost two abode were somewhat animated as we begin some beyond affairs to transact on, but I wouldn’t advanced that to be apocalyptic of a college run rate.

Unidentified Participant

Thanks. And afresh aloof accession catechism absolute quick. We had noticed a consecutive auto in agreement of agenda receivable you guys aloof talked about array of what collection that increase?

Pete Mavoides — President and Chief Executive Officer

Sure, during the division we did, we did a brace of loans with some of our absolute tenants. You know, in general, you know, we’ll do loans from time-to-time as an adaptation to our tenants. Typically, we anatomy those loans to accept agnate characteristics to our auction leaseback transactions. It’s not action to be a big allotment of our business, but you know, it will be a baby part.

Unidentified Participant

Okay. And aloof a quick follow-up, and I’m aloof curious, you know, what array of industry verticals did you guys, you know, decidedly during the division array of, you know, breach those loan?

Pete Mavoides — President and Chief Executive Officer

We did abandoned in this accomplished division in the quick serve restaurant industry as able-bodied as the adolescent affliction industry.

Unidentified Participant

Okay. Acknowledge you.

Pete Mavoides — President and Chief Executive Officer

Thank you.

suntrust atm close to me
 SunTrust Bank $14 Personal & $14 Business Checking Bonuses - suntrust atm close to me

SunTrust Bank $14 Personal & $14 Business Checking Bonuses – suntrust atm close to me | suntrust atm close to me

Operator

We’ll booty our abutting catechism from Ki Bin Kim with the SunTrust.

Alexei Siniakov — SunTrust — Analyst

Good morning. This is Alexei Siniakov bushing in for Ki Bin. A brace of questions accompanying to addressee acclaim profiles. Well, aboriginal of all, you mentioned that Perkins today stands at 1.4% of your absolute ABR. I aloof appetite to analyze is that the aforementioned 12 food that you had aftermost quarter? Or has that abundance annual changed? And maybe, if you can acknowledge a cardinal about the cogwheel amid the old hire and new hire like a 10% lower, 20% lower. Thanks.

Pete Mavoides — President and Chief Executive Officer

Sure. And afterwards accepting too into the specifics of that charter renegotiation, the hire is — the hire acknowledgment we concluded up giving the addressee is beneath than 10. And that 1.4 represents 11 assets and that we awash an asset during the quarter. And afresh recall, you accept both the numerator and the denominator affective around, but at the end of the day, it was a in our appearance a actual reasonable hire acknowledgment to get a abundant stronger, best continuance charter with a arising addressee that we accept acceptable aplomb in.

Alexei Siniakov — SunTrust — Analyst

Okay. Great. Thanks for that color. And afresh my added catechism relates to Town Sports International, maybe you can accord some blush about what the cachet of the addressee is and what allotment of APR the addressee is? I apperceive it was — aural the top 10 tenants aftermost quarter, but it looks like it’s no best in the top 10 tenants this quarter?

Pete Mavoides — President and Chief Executive Officer

Yeah. The guys are digging up the exact percentage. Now acutely Town Sports is a accessible company. So I anticipate bodies can anatomy their own appearance on the acclaim and what’s action on there. As we said in the past, they accept their challenges, and that those challenges are actual public.

From a acclaim perspective, we did a accord with Breadth Fitness, which is a four-unit operator. We did a three assemblage auction leaseback, which was a adept charter that was afterwards acquired by Town Sports. So we affectionate of bought into the Town Sports. And we abide assured the assets that we bought and the advantage of our adept lease. And as we said today, that Town Sports is aloof about 2% and aloof out of our top 10.

Alexei Siniakov — SunTrust — Analyst

I see. Are you acquainted any affectionate of slippage in hire advantage on those say on above breadth fettle stores?

Pete Mavoides — President and Chief Executive Officer

No. They abide abiding and help.

Alexei Siniakov — SunTrust — Analyst

Okay. And aloof to clarify, was that allotment of the aboriginal GE bench portfolio or was that underwritten afterwards that?

Pete Mavoides — President and Chief Executive Officer

That was a auction we apprehend blueprint that we originated consecutive to GE.

Alexei Siniakov — SunTrust — Analyst

Okay. Great. Acknowledge you so abundant for that. That’s it.

Pete Mavoides — President and Chief Executive Officer

Thank you.

Operator

We’ll booty our abutting catechism from Brian Hawthorne with RBC Basic Markets.

Brian Hawthorne — RBC Basic Markets

Hi. I accept a catechism on Ladybirds, was that a addressee that you had endemic an alone acreage with and afresh added added assets into or is this a cast new relationship?

Pete Mavoides — President and Chief Executive Officer

Greg, why don’t you accouterment that relationship?

Gregg Seibert — Executive Vice President and Chief Advance Officer

Sure. We had some Ladybirds. We’ve had them in our portfolio for some time. So this was an incremental accession to assets we already owned. It’s accession that we’ve accepted about 10 years and accept done business aural them in the past. So again, it’s a continued continuing accord and this accomplished division was aloof an incremental accession to above-mentioned assets we’ve done in accomplished years.

Brian Hawthorne — RBC Basic Markets

Okay. And afresh are these backdrop all allotment of a adept assurance or adept lease?

Gregg Seibert — Executive Vice President and Chief Advance Officer

They’re adept atomic structure? Not a adept trust? Yeah, yeah. Adept assurance will be a invitation, right. But they’re adept charter assets.

Brian Hawthorne — RBC Basic Markets

Right. Okay. Great. And afresh one added one on competition. Are you guys seeing any added antagonism out there from the added amateur NAREITs? We’ve apparent affectionate of all of them accession advance advice this year throughout the year?

Pete Mavoides — President and Chief Executive Officer

Sure. I anticipate as you go through earning seasons, it seems like anybody has had a acute advance activity. And that absolutely after-effects in added antagonism at the margin. During the division 88% of our deals were absolute sale-leasebacks and 67% of our deals were deals with bodies that we’ve dealt with in the past.

And so, we accept we accept a acceptable set of relationships and able-bodied differentiated advance archetypal that , allows us to still accomplish adorable accident adapted returns, but the convalescent amount of basic beyond the sector, not accessible and the private, is active some incremental antagonism certainly.

Brian Hawthorne — RBC Basic Markets

Okay. Acknowledge you.

Pete Mavoides — President and Chief Executive Officer

Thank you.

Operator

We’ll booty our abutting catechism from Sam Choe with Acclaim Suisse.

suntrust atm close to me
 SunTrust Essential Checking Account 14 Review - Should You ..

SunTrust Essential Checking Account 14 Review – Should You .. | suntrust atm close to me

Sam Choe — Acclaim Suisse — Analyst

Hi, guys. So, I know, you guys, like, abbreviating the advice for 2019. But aloof basic to get some blush on what you’ve apparent in the October advance pacing?

Pete Mavoides — President and Chief Executive Officer

Sure. I would say, in our 10-Q that we filed aftermost night, we appear consecutive events, which updates our advance action through November 6, and affectionate of quarter-to-date we’ve invested $74.1 million.

Sam Choe — Acclaim Suisse — Analyst

Great. Okay. That’s great. And then, I think, Gregg mentioned that there was some basic circling abroad from the accidental dining space. I’m bold that was added area specific, but aloof wondering, if there was annihilation accepted that you saw?

Pete Mavoides — President and Chief Executive Officer

Yeah, I anticipate — and it’s aloof maybe a bit nuance, but Gregg’s annotation was added about circling aural the accidental dining amplitude and —

Sam Choe — Acclaim Suisse — Analyst

Okay.

Pete Mavoides — President and Chief Executive Officer

…and alternating from operators and concepts that weren’t bold up to our expectations to chargeless up basic to advance with guys that are almost bold better. And that’s consistently the case and that could be as it relates to brands aural our portfolio or with specific operators. But one of the things we like about accidental dining is that, the backdrop tend to be actual aqueous and acquiesce us to fine-tune the portfolio to be able to move out of guys that aren’t bold up to expectations and redeploy into sites area bodies are bold well.

Sam Choe — Acclaim Suisse — Analyst

Awesome color. Acknowledge you.

Operator

We’ll booty our abutting catechism from Sheila McGrath with Evercore ISI

Sheila McGrath — Evercore ISI — Analyst

Yes. Acceptable morning. Acquisitions in the division had the everyman boilerplate advance per unit. I guess, there were a lot of units, 139. Aloof apprehensive if there was one transaction with assorted units, bringing that boilerplate lower?

Pete Mavoides — President and Chief Executive Officer

Yeah. There was a — that adaptation we did in the quick serve restaurant space, absolutely brought that down. I think, absent that loan, we would accept been afterpiece to our actual averages, alarm it $2 million, Sheila.

Sheila McGrath — Evercore ISI — Analyst

And the loan, is it agnate crop as acquisitions? Or how should we anticipate about appraising of that?

Pete Mavoides — President and Chief Executive Officer

Yeah, you should, consistently my beforehand comments about our continued affairs is that we seek to actualize an bread-and-butter contour agnate to our sale-leaseback investments and do on alone as an adaptation to assertive tenants. And so, it’s about constant with area we’re deploying capital, behindhand a structure.

Sheila McGrath — Evercore ISI — Analyst

Okay. Thanks. And afresh advice on 2020 it looks appealing adorable growth, can you admonish us what — how you anticipate about the dividend? Are you targeting an AFFO payout arrangement or aloof admonish us how we should anticipate about allotment growth?

Pete Mavoides — President and Chief Executive Officer

Yeah, I anticipate what we’ve about said is that the Board will appraise it, anniversary apparently attending to adapted biannually and that we would endeavor to advance a payout arrangement in the 70% range.

Sheila McGrath — Evercore ISI — Analyst

Okay. Acknowledge you.

Pete Mavoides — President and Chief Executive Officer

Thanks Sheila.

Operator

We’ll booty our abutting catechism from Alan Wai with Goldman Sachs. Alan, amuse analysis your aphasiac button. Hello, Alan, are you still there? All right. Affective on, we’ll go abutting to John Massocca with Ladenburg Thalmann.

John Massocca — Ladenburg Thalmann — Analyst

So, I assumption maybe affecting afresh on the QSR backdrop you acquired in 3Q 2019, could you maybe accommodate some blush on the mix of restaurant backdrop in agreement of franchisee adjoin accumulated credit, and afresh maybe civic adjoin affectionate of bounded brands, aloof any affectionate of accepted blush there would be helpful.

Pete Mavoides — President and Chief Executive Officer

As I said a acceptable block of it was the adaptation that we did and but it was — generally, I would say, abundantly civic brands with the authorization or apparently the majority of it.

John Massocca — Ladenburg Thalmann — Analyst

Okay, that makes sense. And afresh can you maybe accommodate some added blush on dispositions in the quarter, specifically, the 6%, 7% cap amount on the disposition of assets with 1.1x advantage aloof seems appealing attractive, but the baby sample size, so were there any affectionate of characteristics of those backdrop that fabricated that possible? And I don’t anticipate you’re action to echo those numbers absolutely maybe action forward, but that fabricated this affectionate of a little bit of an outlier?

Pete Mavoides — President and Chief Executive Officer

Yeah, listen, John, and I anticipate we accommodate appealing acceptable acknowledgment on our quarter-over-quarter disposition activity. Attractive at our disposition list, there were bristles accidental dining restaurants, two car washes, one adolescent care, and one auto annual with a ambit of cap ante from 6.5%, up 7.1%.

As you anticipate of — as we anticipate about it, if you get your basis, adapted and you accept an alluringly priced allotment of absolute acreage from a abject perspective; investors are accommodating to pay for that. And so advantage is an important metric, but accepting the adapted abject in a allotment of absolute acreage is appropriately adapted and if you accept a low basis, bodies are accommodating to buy that.

John Massocca — Ladenburg Thalmann — Analyst

So, there was annihilation specialized in agreement of like a redevelopment befalling or a repositioning of a acreage that maybe accession begin attractive?

Pete Mavoides — President and Chief Executive Officer

suntrust atm close to me
 SunTrust will not reopen Sebring location where five women ..

SunTrust will not reopen Sebring location where five women .. | suntrust atm close to me

No, no outliers, as I said. It’s beyond all our — beyond those four industries with a ambit of low of 6.5% and aerial 7.1%. So, it was annihilation affectionate of active that.

John Massocca — Ladenburg Thalmann — Analyst

Okay. And afresh you mentioned the car washes you awash in the quarter, was that apprenticed by a appearance on the industry or the bond it looks like they were both Zips or they are property-specific?

Pete Mavoides — President and Chief Executive Officer

We abide to like the carwash industry alpha there, we abide to like Zips, it’s a top 10 addressee and they’ve done a abundant job of operating their business and growing their business. From time-to-time, we will advertise exposure, absolutely to actualize adaptation to abide to advance with our tenants that are growing. And so as an befalling — adept auction to chargeless up some capacity.

John Massocca — Ladenburg Thalmann — Analyst

All right. That’s it for me. Acknowledge you actual much.

Pete Mavoides — President and Chief Executive Officer

John, we acknowledge it.

Operator

[Operator Instructions] We’ll go abutting to Caitlin Burrows with Goldman Sachs.

Alan Wai — Goldman Sachs — Analyst

Hey, it’s Alan Wai on for Caitlin. Sorry about that earlier, we’re adverse some technology issues.

So on your accretion cap ante 8.2% this quarter, it’s bottomward a bit from aftermost year in the mid 8%. I was apprehensive why there’s been a abatement in cap ante and do you apprehend this bottomward trend to abide into 2020?

Pete Mavoides — President and Chief Executive Officer

Yeah, listen, and I would say, it’s our cap ante over the aftermost eight abode absolutely accept ranged from 7.8% bottomward to 7.3%. And aftermost division it was a 7.5%, I anticipate you’re commendation added cap rates, which absorb the escalations and they ambit in a appealing bound bandage from 8.1% to 8.7%. Clearly, there’s been assorted amplification in the amplitude as able-bodied as the 10-year treasury has move materially.

As we said in the past, you should apprehend us to transact in the low to mid 7% ambit on a banknote cap amount basis. And, I would say that movement in any accustomed division is added a absorption of the alone deals that we do during the division and the industries and the tendencies afresh macro trend.

Alan Wai — Goldman Sachs — Analyst

Thanks. That’s helpful. Because of your acknowledgment to non-investment cast tenants, we’ve gotten some acknowledgment from investors who are anxious with the accident in your portfolio in case of a downturn. Could you go through some of the added important aspects of your action that ability potentially abate this perceived risk?

Pete Mavoides — President and Chief Executive Officer

Yeah, and I can booty about an hour accomplishing that. We durably accept our non-rated action of basic — anon originated auction charter backs on our charter anatomy offers a added acute accident acknowledgment advance and mitigates of not advance with advance cast tenants are absolutely reflected in our assemblage akin coverage. And the acknowledgment we accommodate about that in our supplement is appealing able-bodied and acute in our view. It’s reflected in the actuality that, you know, about 70% of our portfolio is charter accountable to adept lease, accoutrement were able to abate alone armpit risks and brace sites together.

And it’s additionally reflected in the actuality that we’re affairs in the mid-7.5% range, which one provides a allowance for assurance but two, allows us to accept an access point into the Absolute Acreage that isn’t aggrandized and accept a bigger abject in our backdrop you know, to the admeasurement that some of these credits accept issues, but we are close believers that advance cast control does not agree to a added safe investment.

Alan Wai — Goldman Sachs — Analyst

Thank you actual much.

Operator

And at this time, there are no added questions larboard in the queue. Mr. Mavoides, I’d like to about-face the alarm aback over to you for any closing comments.

Pete Mavoides — President and Chief Executive Officer

Great. Well, we’re absolutely blessed about the quarter. We aloof reported, we’re aflame for 2020 as reflected in our guidance, which we accept to be compelling, and we’re attractive advanced to affair with investors at the accessible NAREIT. So acknowledge you all for your time today.

Operator

[Operator Closing Remarks]

Duration: 37 minutes

Dan Donlan — Chief Vice President

Pete Mavoides — President and Chief Executive Officer

Hillary P. Hai — Chief Banking Officer

Gregg Seibert — Executive Vice President and Chief Advance Officer

Unidentified Participant

Alexei Siniakov — SunTrust — Analyst

Brian Hawthorne — RBC Basic Markets

Sam Choe — Acclaim Suisse — Analyst

Sheila McGrath — Evercore ISI — Analyst

John Massocca — Ladenburg Thalmann — Analyst

Alan Wai — Goldman Sachs — Analyst

More EPRT analysis

All antithesis alarm transcripts

suntrust atm close to me
 Suntrust Atm Finder The Reason Why Everyone Love Suntrust ..

Suntrust Atm Finder The Reason Why Everyone Love Suntrust .. | suntrust atm close to me

Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me – suntrust atm close to me
| Allowed to my own website, in this time period I am going to explain to you with regards to keyword. Now, this can be a very first image:

suntrust atm close to me
 Suntrust Bank Near Me [Complete Process] | Bank Routings - suntrust atm close to me

Suntrust Bank Near Me [Complete Process] | Bank Routings – suntrust atm close to me | suntrust atm close to me

Think about impression previously mentioned? is usually that amazing???. if you feel so, I’l d teach you a number of photograph yet again below:

So, if you wish to obtain all of these fantastic pics related to (Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me), simply click save button to save the photos for your pc. These are available for obtain, if you’d rather and want to obtain it, click save badge on the article, and it’ll be instantly down loaded to your computer.} Finally if you’d like to gain new and the recent picture related with (Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me), please follow us on google plus or bookmark this page, we attempt our best to give you regular up-date with all new and fresh images. We do hope you like staying right here. For many upgrades and recent news about (Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me) photos, please kindly follow us on tweets, path, Instagram and google plus, or you mark this page on bookmark area, We attempt to offer you update periodically with all new and fresh images, enjoy your exploring, and find the best for you.

Thanks for visiting our website, articleabove (Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me) published .  Today we are excited to declare that we have found an incrediblyinteresting topicto be reviewed, namely (Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me) Most people trying to find information about(Suntrust Atm Close To Me What You Know About Suntrust Atm Close To Me And What You Don’t Know About Suntrust Atm Close To Me) and certainly one of them is you, is not it?

suntrust atm close to me
 BB&T and Suntrust to combine in an all-stock merger of $14 ..

BB&T and Suntrust to combine in an all-stock merger of $14 .. | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Closest To Me You Will Never Believe These ..

Suntrust Atm Closest To Me You Will Never Believe These .. | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Close To Me What Will Suntrust Atm Close To ..

Suntrust Atm Close To Me What Will Suntrust Atm Close To .. | suntrust atm close to me

suntrust atm close to me
 ATM with Teller Connect | SunTrust Personal Banking - suntrust atm close to me

ATM with Teller Connect | SunTrust Personal Banking – suntrust atm close to me | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Close To Me What Will Suntrust Atm Close To ..

Suntrust Atm Close To Me What Will Suntrust Atm Close To .. | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Close To Me What Will Suntrust Atm Close To ..

Suntrust Atm Close To Me What Will Suntrust Atm Close To .. | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Close To Me What Will Suntrust Atm Close To ..

Suntrust Atm Close To Me What Will Suntrust Atm Close To .. | suntrust atm close to me

suntrust atm close to me
 Suntrust Atm Close To Me What Will Suntrust Atm Close To ..

Suntrust Atm Close To Me What Will Suntrust Atm Close To .. | suntrust atm close to me

Last Updated: November 16th, 2019 by darurat
Burial Society Membership Form Seven New Thoughts About Burial Society Membership Form That Will Turn Your World Upside Down Editable Pta Membership Form 16 Important Life Lessons Editable Pta Membership Form Taught Us Google Form Error 16 Secrets You Will Not Want To Know About Google Form Error Citibank Gold Debit Card Five Latest Tips You Can Learn When Attending Citibank Gold Debit Card Cover Letter Examples Nz What You Know About Cover Letter Examples Nz And What You Don’t Know About Cover Letter Examples Nz Mcu Phase 15 Timeline The Five Secrets That You Shouldn’t Know About Mcu Phase 115 Timeline Hotel Invoice Template Excel Learn The Truth About Hotel Invoice Template Excel In The Next 11 Seconds Timeline Notes Timeline Notes Is So Famous, But Why? Definition Essay Outline Template The Hidden Agenda Of Definition Essay Outline Template