Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced its financial results for the three and nine months ended September 30, 2026, via a press release filed with the SEC on October 21, 2026.
For the third quarter of 2026, the company reported net income per share of $0.27, a decrease of 18% compared to the same period in 2025. Funds from Operations (FFO) per share increased by 4% to $0.54, while Adjusted Funds from Operations (AFFO) per share increased by 6% to $0.51.
During the quarter, the company invested $342.2 million across 100 properties, achieving a weighted average cash cap rate of 7.7%. The company also raised $28.4 million through its At-The-Market (ATM) program and amended its credit facility, upsizing capacity to $1.3 billion with a 5 basis point spread reduction.
As of September 30, 2026, the company’s portfolio consisted of 2,580 properties with a weighted average lease term of 14.2 years and a 99.6% occupancy rate. The company’s leverage, measured as pro forma net debt to annualized Adjusted EBITDA, stood at 3.8x.
Regarding guidance, Essential Properties increased its 2026 AFFO per share estimate to a range of $2.02 to $2.05. The company also issued 2027 AFFO guidance, projecting a range of $2.10 to $2.18 per share.
The company declared a cash dividend of $0.32 per share for the quarter ended September 30, 2026, with a record date of September 30, 2026.
