secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001728951-23-000045
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 Q1 net income $0.29/share, AFFO $0.40; raises 2023 AFFO guidance
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- Net income per share $0.29 (up 38% YoY), AFFO per share $0.40 (up 5% YoY).
- Invested $207.1M in 57 properties at 7.6% weighted avg cash cap rate.
- Portfolio occupancy 99.8%, same-store rent growth 1.6%, rent coverage 3.9x.
- Updated 2023 AFFO guidance to $1.60-$1.64 per share (from $1.58-$1.64).
- Raised $217.8M in follow-on offering at $24.60/share in Feb 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000045/0001728951-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000045/eprt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001728951-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer