earnings
confidence high
sentiment positive
materiality 0.75
EPRT Q2 AFFO $0.50 (+9% YoY); raises 2026 AFFO guidance to $2.01-$2.05
ESSENTIAL PROPERTIES REALTY TRUST, INC.
- Q2 net income $0.34/share; AFFO $0.50/share (+9% YoY).
- Closed $332.4M investments at 7.8% cap rate; dispositions $54.3M.
- Raised 2026 AFFO guidance to $2.01-$2.05/share; investment guidance to $1.2B-$1.5B.
- Issued $400M 10-year notes at 5.38% coupon; net debt/EBITDA 3.5x.
- Raised $36.6M equity via ATM at $30.70/share and $36.6M via OP units.