Essential Properties Raises 2026 AFFO Guidance After Q2 Beat
EPRT is trading near its 52-week low of $28.95 (12% above the low).
Summary
Essential Properties delivered Q2 AFFO of $0.50 per share, a 9% increase year-over-year, driven by $332.4 million in acquisitions at a 7.8% cap rate. The company raised its full-year 2026 AFFO guidance to $2.01-$2.05, up from $2.00-$2.05, and lifted investment volume expectations to $1.2-$1.5 billion. Portfolio quality remains high with 99.6% occupancy and a 14.3-year weighted average lease term. This follows a 3% dividend hike in June and a $400 million debt offering, signaling strong capital access. The raised guidance, even if modest at the low end, confirms accelerating acquisition momentum and operational strength.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.