secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001728951-24-000165
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000165/0001728951-24-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895124000165/eprt-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001728951-24-000165

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