---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-26-000004"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:20:24.798736+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 $0.49/share; raises 2026 AFFO guidance to $1.99-$2.04

## Summary
- Q4 net income per share $0.34, up 13% YoY; AFFO per share $0.49, up 9% YoY.
- Closed $295.8M in investments at 7.7% weighted avg cash cap rate during Q4.
- Full-year 2025 AFFO per share $1.89, up 9% YoY; net income per share $1.28, up 11%.
- 2026 AFFO guidance raised to $1.99-$2.04 per share from prior range.
- Issued $400M 10-year notes at 5.40% coupon in August 2025; pro forma net debt/EBITDA 3.8x.

## SEC filing metadata
- accession: 0001728951-26-000004
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2026-02-11T23:59:59+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/1728951/000172895126000004/0001728951-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895126000004/eprt-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-26-000004
- JSON: https://secwatch.observer/filing/0001728951-26-000004.json
- Plain text: https://secwatch.observer/filing/0001728951-26-000004.txt

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