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Recent Updates — EPRT

September 9, 2026View Source ↗

Essential Properties Realty Trust announced executive leadership changes effective September 8, 2026. R. Max Jenkins was promoted from Executive Vice President and Chief Operating Officer to President and Chief Operating Officer, receiving a $2 million long-term incentive unit grant. Robert W. Salisbury expanded his role to include Chief Strategy Officer alongside his existing CFO duties. A. Joseph Peil departed as Executive Vice President and Chief Investment Officer. Craig Vachris was appointed as the new Chief Investment Officer, bringing over 20 years of commercial real estate experience. CEO Peter M. Mavoides executed a new four-year employment agreement. These changes aim to strengthen leadership for long-term value creation in the net lease real estate sector.

September 8, 2026View Source ↗

Essential Properties Realty Trust, Inc.'s Board of Directors declared a quarterly cash dividend of $0.32 per share for the third quarter of 2026, representing an annualized rate of $1.28 per share. The dividend is payable on October 14, 2026, to stockholders of record as of the close of business on September 30, 2026. Essential Properties Realty Trust, Inc. operates in the real estate industry and acquires, owns, and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses.

July 24, 2026View Source ↗

Essential Properties Realty Trust, Inc. entered into an at-the-market (ATM) equity offering sales agreement with a group of agents, including BofA Securities, Goldman Sachs, and Morgan Stanley, for the sale of up to $750.0 million in common stock. This new agreement replaces a prior ATM program that had $279.9 million in unsold shares remaining. Net proceeds are intended for contribution to the company's operating partnership to fund general corporate purposes, such as debt repayment, working capital, and capital expenditures. Essential Properties Realty Trust, Inc. is a real estate investment trust that focuses on essential retail properties.

July 22, 2026View Source ↗

Essential Properties Realty Trust announced second quarter 2026 results with net income per share of $0.34 and Adjusted Funds from Operations (AFFO) per share of $0.50. The company closed $332.4 million in investments across 103 properties at a 7.8% weighted average cash cap rate and generated $54.3 million from 17 dispositions. Financial activity included a $400 million public debt issuance with a 5.38% coupon on June 4, 2026, and approximately $73.2 million raised through its ATM program and common OP units. The company increased its full-year 2026 AFFO guidance to $2.01–$2.05 per share and raised its 2026 investment guidance to $1.2 billion–$1.5 billion. The company is an internally managed REIT that acquires and manages single-tenant net lease properties for service-oriented and experience-based businesses.

June 15, 2026View Source ↗

On June 15, 2026, Essential Properties, L.P., a subsidiary of Essential Properties Realty Trust, Inc., closed an underwritten public offering of $400 million in 5.375% Senior Notes due 2036. The notes were sold at 97.469% of the principal amount and are fully guaranteed by the parent company. Interest is payable semi-annually on January 15 and July 15, starting January 15, 2027. The notes are senior unsecured obligations, effectively subordinated to secured mortgage debt. The company operates as a real estate investment trust (REIT) that acquires and manages service-oriented commercial real estate properties.