---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-22-000113"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:06:36.818225+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q3 AFFO per share $0.38, up 15% YoY; issues 2023 guidance $1.58-$1.64

## Summary
- Net income per share $0.26 (up 13% YoY); AFFO per share $0.38 (up 15% YoY); total revenues $70.7M.
- Invested $195.5M in 40 properties at 7.1% weighted avg cash cap rate; disposed 12 properties for $35.5M.
- 2023 AFFO guidance issued at $1.58-$1.64 per share; 2022 AFFO guidance reaffirmed at $1.52-$1.54.
- Drew remaining $150M on 2028 term loan in October; available liquidity ~$894M; net debt/EBITDA 4.4x.
- Portfolio 99.8% occupied; weighted avg lease term 14.0 years; unit-level rent coverage 4.2x.

## SEC filing metadata
- accession: 0001728951-22-000113
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728951/000172895122000113/0001728951-22-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895122000113/eprt-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-22-000113
- JSON: https://secwatch.observer/filing/0001728951-22-000113.json
- Plain text: https://secwatch.observer/filing/0001728951-22-000113.txt

## Key facts
- Earnings Releases
  ESSENTIAL PROPERTIES REALTY TRUST, INC. reported the three and nine months ended September 30, 2022 results: net income $0.26, EPS $0.26. Guidance initiated.
  - Period: the three and nine months ended September 30, 2022
  - Net income: $0.26
  - EPS: $0.26
  - Guidance: initiated
  - Result: reported results
  source text: Essential Properties Announces Third Quarter 2022 Results - Third Quarter Net Income per Share of $0.26 and AFFO per Share of $0.38
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728951/000172895122000113/0001728951-22-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.