secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001728951-24-000127
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPRT Q2: net income $0.29, AFFO $0.43, invests $333.9M, reaffirms FY24 AFFO
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- Q2 net income per share $0.29 (down 17% YoY); AFFO per share $0.43 (up 5% YoY).
- Total revenues $109.3M; net income attributable to stockholders $51.5M.
- Closed $333.9M in investments at 8.0% cash cap rate; portfolio 2,009 properties, 99.8% leased.
- Pro forma net debt/Adjusted EBITDAre 3.8x; new $450M term loan with $320M drawn at 4.99%.
- Reaffirms 2024 AFFO guidance $1.72-$1.75 per share; quarterly dividend $0.29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000127/0001728951-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000127/eprt-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001728951-24-000127

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