Earnings ·
Reports Q3 Net Income per Share of $0.27 and Raises 2026 AFFO Guidance
EPRTEssential Properties Realty Trust, Inc.
Essential Properties Realty Trust reported third-quarter diluted net income per share of $0.27, an 18% decrease from the prior year period. Adjusted Funds From Operations (AFFO) per share increased 6% to $0.51, while Funds From Operations (FFO) per share rose 4% to $0.54. The company closed $342.2 million in investments at a weighted average cash cap rate of 7.7% and raised $28.4 million through its ATM program. Management increased its full-year 2026 AFFO guidance to $2.02–$2.05 per share from the previous range of $2.01–$2.05, and issued 2027 guidance of $2.10–$2.18 per share. Essential Properties Realty Trust is an internally managed REIT that acquires, owns, and manages primarily single-tenant net leased properties.