---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-25-000029"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:56:53.201273+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q4 AFFO up 7% YoY to $0.45/sh; lifts 2025 guidance

## Summary
- Q4 net income $0.30/sh, AFFO $0.45/sh (+7% YoY); full-year AFFO $1.74/sh (+6%).
- Invested $333.4M in Q4 at 8.0% avg cash cap rate; 78 properties added; portfolio 99.7% occupied.
- 2025 AFFO guidance raised to $1.85-$1.89/sh; investment volume expected $900M-$1.1B.
- Revolver upsized to $1.0B, maturity extended to Feb 2030; pro forma net debt/EBITDAre 3.8x.
- Q4 dividend $0.295/sh ($1.18 annualized), paid Jan 14, 2025.

## SEC filing metadata
- accession: 0001728951-25-000029
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2025-02-12T23:59:59+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/1728951/000172895125000029/0001728951-25-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000029/eprt-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-25-000029
- JSON: https://secwatch.observer/filing/0001728951-25-000029.json
- Plain text: https://secwatch.observer/filing/0001728951-25-000029.txt

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