Essential Properties Realty Trust, Inc. filed a Form 8-K on September 14, 2026, disclosing the release of an Investor Presentation and Supplemental Information for September 2026. The filing indicates the presentation is intended for use in future meetings with investors.
The presentation details the company’s portfolio performance as of June 30, 2026. It reports a portfolio occupancy rate of 99.6% and an average unit-level rent coverage of 3.5x. The company notes that only 2.3% of its annualized base rent (ABR) expires through 2028, with a weighted average lease term of 14.3 years.
Regarding its balance sheet, Essential Properties states that its asset base is 100% unencumbered with no secured debt. As of the second quarter of 2026, the company reported a pro forma net debt to annualized adjusted EBITDAre of 3.5x. The presentation highlights approximately $1.7 billion of pro forma liquidity and a weighted average debt interest rate of 4.37%.
The company reported investment activity for the third quarter of 2026. It stated that closed investments totaled approximately $136 million, with an expected cash yield of about 7.6%. Additionally, the company closed dispositions of approximately $13 million, yielding 5.8%. As of September 10, 2026, the company had approximately $702 million of potential investments under a PSA or LOI and $61 million of potential dispositions under a PSA.
The presentation also outlines the company's strategy, noting that 84% of investments in the second quarter of 2026 were structured as Sale-Leasebacks. It emphasizes a focus on service-oriented and experience-based businesses and reports that 99.2% of its cash ABR is covered by properties reporting unit-level profit and loss data.
