secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001728951-23-000098
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPRT Q3 EPS $0.29, AFFO $0.42, invests $213.3M at 7.6% cap rate; raises 2023 AFFO guidance low end
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- Net income $0.29/share (up 12% YoY); AFFO $0.42/share (up 11% YoY).
- Invested $213.3M across 65 properties at 7.6% weighted average cash cap rate.
- Issued 2024 AFFO guidance $1.71-$1.75 per share; updated 2023 AFFO to $1.64-$1.65 (from $1.62-$1.65).
- Quarterly dividend declared $0.28 per share, paid Oct 13 to holders of record Sep 29.
- Pro forma net debt to annualized adjusted EBITDA 3.7x; available liquidity ~$990M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000098/0001728951-23-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895123000098/eprt-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001728951-23-000098

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