---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-23-000019"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:43:59.388087+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q4 AFFO $0.39 (+5% YoY); full-year AFFO $1.53 (+14%); reiterates 2023 guidance

## Summary
- Q4 2022 net income $0.25 per share and AFFO $0.39 per share, up 5% YoY.
- Full-year 2022 AFFO per share $1.53, a 14% increase versus 2021.
- Record Q4 investment volume of $328.4M across 115 properties at 7.5% cash cap rate.
- Reiterates 2023 AFFO guidance of $1.58–$1.64 per share; strong liquidity of $693.7M.
- Net debt to annualized Adjusted EBITDAre of 4.6x (4.5x pro forma); portfolio 99.9% occupied.

## SEC filing metadata
- accession: 0001728951-23-000019
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2023-02-15T23:59:59+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/1728951/000172895123000019/0001728951-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895123000019/eprt-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-23-000019
- JSON: https://secwatch.observer/filing/0001728951-23-000019.json
- Plain text: https://secwatch.observer/filing/0001728951-23-000019.txt

## Key facts
- Earnings Releases
  ESSENTIAL PROPERTIES REALTY TRUST, INC. reported three months and year ended December 31, 2022 results: net income $0.25 per share (Q4), $0.99 per share (full year). Guidance reaffirmed.
  - Period: three months and year ended December 31, 2022
  - Net income: $0.25 per share (Q4), $0.99 per share (full year)
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 15, 2023, Essential Properties Realty Trust, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the three months and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728951/000172895123000019/0001728951-23-000019-index.htm

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