---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-24-000165"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:07:33.645618+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q3 AFFO $0.43/sh (+2%); invests $308M at 8.1% cap rate; 2025 guidance $1.84-$1.89

## Summary
- Q3 diluted AFFO per share $0.43, up 2% YoY; net income per share $0.27, down 7%.
- Invested $307.6M in 57 properties at 8.1% weighted avg cash cap rate; raised $312.4M via ATM at $31.04/share.
- 2025 AFFO guidance $1.84-$1.89; reaffirms 2024 AFFO guidance $1.72-$1.75.
- Pro forma net debt to annualized adj. EBITDAre 3.5x; total liquidity $1.2B.
- Board declared Q3 dividend $0.29/share (unchanged, annualized $1.16).

## SEC filing metadata
- accession: 0001728951-24-000165
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1728951/000172895124000165/0001728951-24-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895124000165/eprt-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-24-000165
- JSON: https://secwatch.observer/filing/0001728951-24-000165.json
- Plain text: https://secwatch.observer/filing/0001728951-24-000165.txt

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