secwatch.observer — SEC 8-K summary
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Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001728951-26-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895126000028/0001728951-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895126000028/eprt-20260422.htm
  HTML page:      https://secwatch.observer/filing/0001728951-26-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer