secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001728951-22-000113
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895122000113/0001728951-22-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895122000113/eprt-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001728951-22-000113

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