---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-25-000146"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:32:22.858730+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q2 AFFO $0.46 (+7% YoY); raises 2025 AFFO guidance to $1.86-$1.89

## Summary
- 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.

## SEC filing metadata
- accession: 0001728951-25-000146
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2025-07-23T23:59:59+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/1728951/000172895125000146/0001728951-25-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000146/eprt-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-25-000146
- JSON: https://secwatch.observer/filing/0001728951-25-000146.json
- Plain text: https://secwatch.observer/filing/0001728951-25-000146.txt

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