Earnings summaries and quarterly performance for ESSENTIAL PROPERTIES REALTY TRUST.
Executive leadership at ESSENTIAL PROPERTIES REALTY TRUST.
Board of directors at ESSENTIAL PROPERTIES REALTY TRUST.
Research analysts who have asked questions during ESSENTIAL PROPERTIES REALTY TRUST earnings calls.
CB
Caitlin Burrows
Goldman Sachs
6 questions for EPRT
Also covers: ALX, BNL, BRX +19 more
Eric Borden
BMO Capital Markets
6 questions for EPRT
Also covers: ADC, BNL, EGP +5 more
Greg McGinniss
Scotiabank
6 questions for EPRT
Also covers: BRX, COLD, FR +14 more
HS
Haendel St. Juste
Mizuho Financial Group
6 questions for EPRT
Also covers: AAT, ADC, AIV +21 more
Michael Goldsmith
UBS
6 questions for EPRT
Also covers: ADC, AHR, AMH +33 more
SR
Smedes Rose
Citigroup
5 questions for EPRT
Also covers: ADC, DRH, EPR +16 more
JK
James Kammert
Evercore ISI
4 questions for EPRT
Also covers: ADC, ARE, CHCT +6 more
JG
Jana Galan
Bank of America
4 questions for EPRT
Also covers: ADC, AHH, BXP +20 more
Jay Kornreich
Wedbush Securities
4 questions for EPRT
Also covers: APLE, BNL, GLPI +6 more
John Massocca
B. Riley Financial
4 questions for EPRT
Also covers: BEEP, CMCT, CTO +13 more
OO
Omotayo Okusanya
Deutsche Bank AG
4 questions for EPRT
Also covers: AMH, ARE, BDN +40 more
Rich Hightower
Barclays
4 questions for EPRT
Also covers: ADC, AMH, AVB +18 more
Dan Guglielmo
Capital One Financial Corporation
3 questions for EPRT
Also covers: ARKO, GLPI, LINE +3 more
John Kilichowski
Wells Fargo & Company
3 questions for EPRT
Also covers: ADC, CTRE, FCPT +15 more
RC
Ryan Caviola
Green Street
3 questions for EPRT
Also covers: BNL, O, WPC
SA
Spenser Allaway
Green Street
3 questions for EPRT
Also covers: ADC, BNL, CUBE +6 more
Daniel Guglielmo
Capital One
2 questions for EPRT
Also covers: ARKO, CHDN, CZR +7 more
KB
Ki Bin Kim
Truist Securities
2 questions for EPRT
Also covers: ADC, AKR, BNL +20 more
WJ
William John Kilichowski
Wells Fargo
2 questions for EPRT
Also covers: ADC, CTRE, EPR +14 more
BR
Bennett Rose
Citigroup
1 question for EPRT
Also covers: ADC, DRH, EPR +8 more
FG
Farrell Granath
Bank of America
1 question for EPRT
Also covers: ADC, AHR, ARE +13 more
JA
John Alichowski
Wells Fargo
1 question for EPRT
JK
John Kilichowski
BMO Capital Markets
1 question for EPRT
JD
Joshua Dennerlein
BofA Securities
1 question for EPRT
Also covers: AHR, AMH, ARE +18 more
Recent press releases and 8-K filings for EPRT.
Essential Properties Realty Trust Reports Q3 2025 Financial and Operational Highlights
EPRT
Earnings
New Projects/Investments
- For the three months ended September 30, 2025, Essential Properties Realty Trust reported total revenues of $144,934 thousand, net income of $65,800 thousand, and diluted Adjusted Funds From Operations (AFFO) per share of $0.48.
- The company maintains a 99.8% leased portfolio with 3.6x unit-level rent coverage and a weighted average lease term of 14.4 years as of September 30, 2025.
- EPRT's balance sheet is robust, with a proforma Net Debt to Annualized Adjusted EBITDAre of 3.8x at the end of Q3 2025, approximately $1.4 billion of pro forma liquidity, and no debt maturities until 2027.
- In Q4 2025 to date, EPRT closed ~$95 million in investments at an expected Cash Cap Rate of ~7.8% and raised ~$170 million of common equity through its ATM Program.
Dec 9, 2025, 1:24 PM
EPRT Increases Quarterly Dividend to $0.31 Per Share
EPRT
Dividends
- Essential Properties Realty Trust, Inc. (EPRT) declared a quarterly cash dividend of $0.31 per share of common stock for the fourth quarter of 2025.
- This dividend represents an increase of approximately 3% over the prior quarter, resulting in an annualized dividend of $1.24 per share.
- The dividend is payable on January 14, 2026, to stockholders of record as of the close of business on December 31, 2025.
Dec 8, 2025, 12:49 PM
Essential Properties Realty Trust Reports Strong Q3 2025 Results and Raises 2025 Guidance
EPRT
Earnings
Guidance Update
Debt Issuance
- Essential Properties Realty Trust (EPRT) reported Q3 2025 AFFO per share of $0.48, an increase of 12% compared to Q3 2024, with total AFFO reaching $96.2 million.
- The company increased its 2025 AFFO per share guidance to a range of $1.87 to $1.89 and its investment volume guidance to $1.2 billion to $1.4 billion.
- EPRT established initial 2026 AFFO per share guidance of $1.98 to $2.04, representing a 6% to 8% growth rate, with expected investments between $1 billion and $1.4 billion.
- During Q3 2025, EPRT invested $370 million at a weighted average initial cash yield of 8% and maintained a healthy capital position with 3.8 times leverage and $1.4 billion of liquidity.
- Portfolio performance remained strong, with same-store rent growth of 1.6% and overall rent coverage increasing to 3.6 times.
Oct 23, 2025, 2:00 PM
Essential Properties Realty Trust Reports Strong Q3 2025 Results and Raises Guidance
EPRT
Earnings
Guidance Update
Debt Issuance
- Essential Properties Realty Trust reported strong Q3 2025 results, with AFFO per share totaling $0.48, an increase of 12% versus Q3 2024, and $370 million in investments at an 8% weighted average initial cash yield.
- The company increased its 2025 AFFO per share guidance to a range of $1.87-$1.89 and its investment volume guidance to $1.2 billion-$1.4 billion.
- For 2026, EPRT established initial AFFO per share guidance of $1.98-$2.04, implying 6% to 8% growth, and expects to invest between $1 billion and $1.4 billion.
- Portfolio performance remained healthy, with same-store rent growth of 1.6%, overall rent coverage increasing to 3.6x, and a 120 basis point decline in annual base rent under one times rent coverage.
- EPRT maintained a strong capital position, executing a $400 million 10-year unsecured bond offering with a 5.4% coupon and reporting $1.4 billion of liquidity.
Oct 23, 2025, 2:00 PM
Essential Properties Realty Trust Announces Q3 2025 Results and Updates Guidance
EPRT
Earnings
Guidance Update
New Projects/Investments
- Essential Properties Realty Trust reported Net Income per Share of $0.33 and Adjusted Funds from Operations (AFFO) per Share of $0.48 for Q3 2025.
- The company completed $369.8 million in investments across 87 properties at an 8.0% Weighted Average Cash Cap Rate during the third quarter of 2025.
- EPRT increased its 2025 AFFO guidance to $1.87 to $1.89 per share and provided 2026 AFFO guidance of $1.98 to $2.04 per share.
- A $400.0 million public debt issuance with a 5.40% coupon was completed in August 2025, contributing to a Pro Forma Net Debt to Annualized Adjusted EBITDAre of 3.8x as of September 30, 2025.
- A cash dividend of $0.30 per share was declared for Q3 2025, equating to an annualized dividend of $1.20 per share.
Oct 22, 2025, 8:11 PM
Essential Properties Realty Trust Announces Third Quarter 2025 Results and Updates Guidance
EPRT
Earnings
Guidance Update
New Projects/Investments
- Essential Properties Realty Trust reported Net Income per Share of $0.33 and Adjusted Funds from Operations (AFFO) per Share of $0.48 for the third quarter ended September 30, 2025.
- The company closed $369.8 million in investments during Q3 2025 at an 8.0% weighted average cash cap rate, contributing to $1.0 billion in year-to-date investments.
- Essential Properties increased its 2025 AFFO guidance to a range of $1.87 to $1.89 per share and issued 2026 AFFO guidance of $1.98 to $2.04 per share.
- As of September 30, 2025, the investment portfolio consisted of 2,266 properties with a 99.8% weighted average occupancy and a 14.4-year weighted average lease term.
Oct 22, 2025, 8:05 PM
Essential Income REIT Achieves Top Blue Vault Performance Ratings in Q2 2025
EPRT
Dividends
Earnings
- Essential Income REIT received top performance profile ratings from Blue Vault in Q2 2025 across Operating Performance, Financing Outlook, and Cumulative MFFO, distinguishing itself among non-traded equity REITs.
- The REIT demonstrated strong financial health in Q2 2025, being one of only three non-traded REITs to fully cover its distributions with AFFO or MFFO, with an inception-to-date AFFO to distribution coverage of 103.99% as of June 30, 2025.
- It reported a significantly low redemption rate of 1.28% of weighted average shares outstanding in Q2 2025, compared to an average of 2.50% for other non-traded REITs.
- The REIT also maintained a robust interest coverage ratio of 2.3x in Q2 2025, exceeding 2.25x and indicating a strong ability to cover financing costs.
- As of June 30, 2025, the REIT owns 359 properties in 34 states, diversified across 39 different primarily national investment-grade necessity-based retail tenants.
Sep 30, 2025, 1:00 PM
Essential Properties Realty Trust Operating Partnership Issues Senior Notes
EPRT
Debt Issuance
- Essential Properties, L.P., the operating partnership of Essential Properties Realty Trust, Inc., closed an underwritten public offering of $400,000,000 aggregate principal amount of 5.400% Senior Notes due 2035 on August 21, 2025.
- The Notes bear interest at 5.400% per annum, payable semi-annually on June 1 and December 1, commencing December 1, 2025, and have a stated maturity of December 1, 2035.
- Essential Properties Realty Trust, Inc. fully and unconditionally guarantees the obligations of the operating partnership under these Notes.
Aug 21, 2025, 12:00 AM
Essential Properties Realty Trust Reports Q2 2025 Results and Raises Guidance
EPRT
Earnings
Guidance Update
New Projects/Investments
- Essential Properties Realty Trust reported Q2 2025 AFFO per share of $0.46, representing a 7% increase versus Q2 2024, with total AFFO reaching $93,000,000, up 21% from the same period in 2024.
- The company invested $334,000,000 in Q2 2025 at a weighted average cash yield of 7.9% and a GAAP yield of 9.7%. Year-to-date investments for the first half of 2025 totaled $642,000,000.
- EPRT increased its 2025 AFFO per share guidance to a new range of $1.86 to $1.89, representing 8% growth at the midpoint, and raised its investment guidance by $100,000,000 to a new range of $1,000,000,000 to $1,200,000,000.
- The company maintained a strong capital position with pro forma leverage of 3.5 times and $1,300,000,000 of liquidity, having raised $119,000,000 of equity through its ATM program in Q2 2025.
- The portfolio continued to perform well, ending the quarter with 2,190 properties and 99.6% occupancy, with a weighted average unit level coverage ratio of 3.4 times.
Jul 25, 2025, 1:50 AM
EPRT Releases Q1 2025 Investor Presentation
EPRT
New Projects/Investments
Debt Issuance
- The presentation provides a comprehensive business update for Q1 2025, including detailed review of the portfolio, investment highlights, and strategic initiatives, while noting forward-looking statements and related risks.
- It outlines strong financial and operational metrics, highlighting robust rental revenue, net income, and liquidity details such as a $1.5bn available liquidity and a 3.4x net debt to EBITDA ratio.
- The document emphasizes EPRT’s focus on capital structure optimization, including recent equity raising efforts and strategic debt management with a revolving credit facility, supporting its growth and stability objectives.
May 5, 2025, 12:00 AM
Quarterly earnings call transcripts for ESSENTIAL PROPERTIES REALTY TRUST.
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