---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-24-000071"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:46:50.267165+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q1 AFFO per share $0.42, raises 2024 AFFO guidance to $1.72-$1.75

## Summary
- Q1 net income $47.1M ($0.28/diluted share); AFFO $71.1M ($0.42/share, up 5% YoY).
- Closed $248.8M in investments (79 properties) at 8.1% weighted avg cash cap rate, highest Q1 ever.
- Updated 2024 AFFO guidance to $1.72-$1.75 per share from $1.70-$1.75, raising low end.
- Net debt to annualized adjusted EBITDAre 4.1x (3.6x pro forma); raised $309.6M equity via follow-on and ATM.
- Portfolio 99.9% occupied, 1,937 properties, 14.1 yr WALT, 3.9x rent coverage; dividend $0.285/share.

## SEC filing metadata
- accession: 0001728951-24-000071
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2024-04-24T23:59:59+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/1728951/000172895124000071/0001728951-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895124000071/eprt-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-24-000071
- JSON: https://secwatch.observer/filing/0001728951-24-000071.json
- Plain text: https://secwatch.observer/filing/0001728951-24-000071.txt

## Key facts
- Earnings Releases
  ESSENTIAL PROPERTIES REALTY TRUST, INC. reported three months ended March 31, 2024 results: net income $0.28, EPS $0.28. Guidance raised.
  - Period: three months ended March 31, 2024
  - Net income: $0.28
  - EPS: $0.28
  - Guidance: raised
  - Result: reported results
  source text: On April 24, 2024, Essential Properties Realty Trust, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1728951/000172895124000071/0001728951-24-000071-index.htm

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