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    John Alichowski

    Senior Equity Analyst at Wells Fargo

    John Alichowski is a Senior Equity Analyst at Wells Fargo Securities, specializing in the utilities sector with in-depth coverage of major companies such as Duke Energy, Exelon, and NextEra Energy. Known for his rigorous analysis and actionable investment recommendations, he has achieved consistent top-quartile performance metrics with an estimated 60% success rate and a solid track record on platforms like TipRanks. Alichowski began his financial services career in the mid-2000s, joining Wells Fargo in 2012 after roles at other leading financial institutions, and now leads critical research initiatives in power generation and renewable utilities. He maintains several FINRA registrations including Series 7, 63, and 86/87, and has earned recognition within the industry for his insightful sector commentary and investor guidance.

    John Alichowski's questions to ESSENTIAL PROPERTIES REALTY TRUST (EPRT) leadership

    John Alichowski's questions to ESSENTIAL PROPERTIES REALTY TRUST (EPRT) leadership • Q4 2024

    Question

    Speaking on behalf of John Alichowski, an analyst named Cheryl asked about the drivers for the $0.01 raise to the low end of the AFFO guidance. She also inquired about year-to-date acquisition trends, pipeline status, recent cap rate compression, and the reasons for a pickup in the 1.5x-1.99x tenant credit coverage bucket.

    Answer

    CEO Peter Mavoides explained that the guidance range is driven by a variety of assumptions around investments, credit experience, and cost of capital. He confirmed the pipeline is full but reflects modest cap rate compression, with expected transaction yields in the mid-to-high 7% range. Regarding the credit coverage bucket, he stated the shift was broad-based across the portfolio and not attributable to any specific industry or tenant trend.

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