---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-25-000175"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:47:36.944070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Q3 AFFO $0.48/share, up 12% YoY; raises 2025 AFFO guidance

## Summary
- Q3 net income $0.33/share (+22% YoY); AFFO $0.48/share (+12% YoY).
- Closed $369.8M in investments at 8.0% weighted avg cash cap rate across 87 properties.
- Issued $400M 10-year notes at 5.40% coupon; pro forma net debt/EBITDA 3.8x.
- Raised 2025 AFFO guidance to $1.87-$1.89/share; issued 2026 guidance of $1.98-$2.04.
- Year-to-date raised $445.6M in equity via follow-on and ATM at avg ~$32/share.

## SEC filing metadata
- accession: 0001728951-25-000175
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2025-10-22T23:59:59+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/1728951/000172895125000175/0001728951-25-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000175/eprt-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-25-000175
- JSON: https://secwatch.observer/filing/0001728951-25-000175.json
- Plain text: https://secwatch.observer/filing/0001728951-25-000175.txt

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