{"schema_version":"secwatch.filing_event.v1","accession":"0001728951-26-000028","form_type":"8-K","ticker":"EPRT","cik":"0001728951","company_name":"ESSENTIAL PROPERTIES REALTY TRUST, INC.","filed_at":"2026-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.820503+00:00","generated_at":"2026-05-15T04:54:50.380730+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"EPRT Q1 AFFO $0.50 (+11% YoY), invests $388.6M at 7.7% cap; raises FY26 AFFO guidance to $2.00-$2.05","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001728951-26-000028","json":"https://secwatch.observer/filing/0001728951-26-000028.json","markdown":"https://secwatch.observer/filing/0001728951-26-000028.md","text":"https://secwatch.observer/filing/0001728951-26-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1728951/000172895126000028/0001728951-26-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1728951/000172895126000028/eprt-20260422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:54:50.380730+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b48e38cb08c6bfc2c1cd7383786d6926f3cdc483","claim":"ESSENTIAL PROPERTIES REALTY TRUST, INC. reported the three months ended March 31, 2026 results: net income $0.28, EPS $0.28. Guidance raised.","evidence_excerpt":"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 - -","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1728951/000172895126000028/0001728951-26-000028-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2026"},{"label":"Net income","value":"$0.28"},{"label":"EPS","value":"$0.28"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}