Essential Properties Realty Trust Delivers Q2 AFFO of $0.50 and Lifts Full-Year Outlook
EPRT is trading near its 52-week low of $28.95 (12% above the low).
Summary
Essential Properties Realty Trust posted a 9% increase in Q2 AFFO to $0.50 per share and raised its full-year 2026 AFFO and investment guidance, underscoring robust portfolio growth and operating momentum.
Key Events · Earnings and Guidance · EPRT
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Q2 AFFO Beats, Guidance Raised
Driven by a 17% surge in rental revenue, AFFO per share climbed 9% year-over-year to $0.50. Management responded by lifting full-year 2026 AFFO and investment guidance.
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Portfolio Expansion Continues
The portfolio expanded to 2,493 properties, generating $604.9 million in annualized base rent, up from 2,300 properties at year-end 2025. Occupancy held firm at 99.6%.
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Capital Markets Activity
Ample liquidity for the investment pipeline is supported by a $400 million issuance of 5.375% senior notes due 2036 and $574.7 million in unsettled forward equity.
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Dividend Increased
The quarterly dividend was raised 3% to $0.32 per share, extending a track record of consistent increases.
Analysis · EPRT · Real Estate & Construction
A 9% jump in AFFO per share to $0.50 underscored a strong second quarter for Essential Properties, fueled by portfolio expansion and higher rental revenue. Confidence in the pipeline prompted management to raise both full-year AFFO and investment guidance. The balance sheet remains well-capitalized following a $400 million note issuance and ongoing ATM equity sales, even as impairment charges edged higher. Altogether, the results highlight the REIT's ability to compound earnings while preserving a diversified, net-leased portfolio.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EPRT was trading at $32.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $28.95 to $34.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.