earnings
confidence high
sentiment positive
materiality 0.75
Essential Properties Q2 AFFO $0.46 (+7% YoY); raises 2025 AFFO guidance to $1.86-$1.89
ESSENTIAL PROPERTIES REALTY TRUST, INC.
2025-Q2 EPS
reported $0.61
vs consensus $0.31
▲ beat
(+94.0%)
- Net income per share $0.32 (+10% YoY); AFFO per share $0.46 (+7% YoY).
- Closed $334M of investments at 7.9% cash cap rate across 77 properties.
- Increased 2025 AFFO guidance to $1.86-$1.89 per share; investment guidance raised to $1.0-$1.2B.
- Portfolio 99.6% occupied; 2,190 properties; 14.3 yr WALT; 3.4x rent coverage; cash G&A $28-31M.
- Dividend maintained at $0.30/quarter ($1.20 annualized); pro forma net debt/EBITDAre 3.5x.
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