EPRT Q1 AFFO $0.50 (+11% YoY), invests $388.6M at 7.7% cap; raises FY26 AFFO guidance to $2.00-$2.05

ESSENTIAL PROPERTIES REALTY TRUST, INC.

2026-Q1 EPS reported $0.28 vs consensus $0.33 ▼ miss (-14.9%)

Net income per share $0.28 (down 3% YoY); FFO per share $0.54 (up 13% YoY); AFFO per share $0.50 (up 11% YoY).
Invested $388.6M in 126 properties at 7.7% weighted average cash cap rate; dispositions $10.2M at 6.9% cap.
Raised $402.5M in follow-on equity at $32.20/share and $16.7M via ATM at $31.83/share during Q1.
Increased FY2026 AFFO guidance to $2.00-$2.05 per share (from prior range); investment guidance raised to $1.1B-$1.5B.
Pro forma net debt to annualized adjusted EBITDA re 3.5x as of quarter end, indicating low leverage.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported the three months ended March 31, 2026 results: net income $0.28, EPS $0.28. Guidance raised.

Period: the three months ended March 31, 2026
Net income: $0.28
EPS: $0.28
Guidance: raised
Result: reported results

Exact text from the filing

Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- Essential Properties Announces First Quarter 2026 Results - First Quarter Net Income per Share of $0.28 and AFFO per Share of $0.50 - - Closed Investments of $388.6 million at a 7.7% Weighted Average Cash Cap Rate - - Increases 2026 AFFO Guidance to $2.00 to $2.05 per Share - -

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ESSENTIAL PROPERTIES REALTY TRUST, INC. filing history →

Source: SEC EDGAR

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