---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-25-000080"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:18:32.411885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Reports Q1 2025 Net Income of $0.29 per Share and AFFO of $0.45 per Share

## Summary
- Net income per share $0.29, up 4% year-over-year; AFFO per share $0.45, up 7%.
- Closed $307.7M in investments at 7.8% weighted average cash cap rate during Q1 2025.
- Reiterated 2025 AFFO guidance range $1.85 to $1.89 per share.
- Declared Q1 2025 dividend of $0.295 per share (annualized $1.18).
- Pro forma net debt to annualized adjusted EBITDA 3.4x as of March 31, 2025.

## SEC filing metadata
- accession: 0001728951-25-000080
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000080/0001728951-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000080/eprt-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-25-000080
- JSON: https://secwatch.observer/filing/0001728951-25-000080.json
- Plain text: https://secwatch.observer/filing/0001728951-25-000080.txt

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