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Essential Properties Realty Trust Earnings Calls
| Release date | Apr 22, 2026 |
| EPS estimate | $0.320 |
| EPS actual | $0.280 |
| EPS Surprise | -12.50% |
| Revenue estimate | 147.899M |
| Revenue actual | 149.392M |
| Revenue Surprise | 1.01% |
| Release date | Feb 11, 2026 |
| EPS estimate | $0.328 |
| EPS actual | $0.340 |
| EPS Surprise | 3.56% |
| Revenue estimate | 142.593M |
| Revenue actual | 140.091M |
| Revenue Surprise | -1.75% |
| Release date | Oct 22, 2025 |
| EPS estimate | $0.480 |
| EPS actual | $0.330 |
| EPS Surprise | -31.25% |
| Revenue estimate | 149.44M |
| Revenue actual | 144.934M |
| Revenue Surprise | -3.02% |
| Release date | Jul 23, 2025 |
| EPS estimate | $0.470 |
| EPS actual | $0.320 |
| EPS Surprise | -31.91% |
| Revenue estimate | 138.075M |
| Revenue actual | 137.062M |
| Revenue Surprise | -0.734% |
Last 4 Quarters for Essential Properties Realty Trust
Below you can see how EPRT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 23, 2025 |
| Price on release | $30.58 |
| EPS estimate | $0.470 |
| EPS actual | $0.320 |
| EPS surprise | -31.91% |
| Date | Price |
|---|---|
| Jul 17, 2025 | $30.65 |
| Jul 18, 2025 | $30.49 |
| Jul 21, 2025 | $30.47 |
| Jul 22, 2025 | $30.87 |
| Jul 23, 2025 | $30.58 |
| Jul 24, 2025 | $30.55 |
| Jul 25, 2025 | $30.62 |
| Jul 28, 2025 | $30.47 |
| Jul 29, 2025 | $31.29 |
| 4 days before | -0.228% |
| 4 days after | 2.32% |
| On release day | -0.0981% |
| Change in period | 2.09% |
| Release date | Oct 22, 2025 |
| Price on release | $31.37 |
| EPS estimate | $0.480 |
| EPS actual | $0.330 |
| EPS surprise | -31.25% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $30.49 |
| Oct 17, 2025 | $30.89 |
| Oct 20, 2025 | $31.38 |
| Oct 21, 2025 | $31.63 |
| Oct 22, 2025 | $31.37 |
| Oct 23, 2025 | $31.86 |
| Oct 24, 2025 | $31.14 |
| Oct 27, 2025 | $30.96 |
| Oct 28, 2025 | $30.60 |
| 4 days before | 2.89% |
| 4 days after | -2.45% |
| On release day | 1.56% |
| Change in period | 0.361% |
| Release date | Feb 11, 2026 |
| Price on release | $31.55 |
| EPS estimate | $0.328 |
| EPS actual | $0.340 |
| EPS surprise | 3.56% |
| Date | Price |
|---|---|
| Feb 05, 2026 | $32.08 |
| Feb 06, 2026 | $31.75 |
| Feb 09, 2026 | $31.47 |
| Feb 10, 2026 | $31.91 |
| Feb 11, 2026 | $31.55 |
| Feb 12, 2026 | $31.65 |
| Feb 13, 2026 | $32.09 |
| Feb 17, 2026 | $32.69 |
| Feb 18, 2026 | $32.33 |
| 4 days before | -1.65% |
| 4 days after | 2.47% |
| On release day | 0.317% |
| Change in period | 0.779% |
| Release date | Apr 22, 2026 |
| Price on release | $32.07 |
| EPS estimate | $0.320 |
| EPS actual | $0.280 |
| EPS surprise | -12.50% |
| Date | Price |
|---|---|
| Apr 16, 2026 | $32.87 |
| Apr 17, 2026 | $33.50 |
| Apr 20, 2026 | $33.30 |
| Apr 21, 2026 | $32.96 |
| Apr 22, 2026 | $32.07 |
| Apr 23, 2026 | $31.52 |
| Apr 24, 2026 | $31.42 |
| Apr 27, 2026 | $31.11 |
| Apr 28, 2026 | $31.35 |
| 4 days before | -2.43% |
| 4 days after | -2.25% |
| On release day | -1.71% |
| Change in period | -4.62% |
Essential Properties Realty Trust Earnings Call Transcript Summary of Q1 2026
Essential Properties Realty Trust (EPRT) reported a strong Q1 2026 driven by robust deployment and improved operating metrics. Key highlights: GAAP net income $60M and AFFO $105.8M (AFFO per share $0.50, +11% YoY); $389M deployed into 126 properties (100% sale-leasebacks) with a weighted average initial cap rate of 7.7% and GAAP yield of 8.8%; raised $419M of equity (including a $402M overnight offering) and ended the quarter with $1.5B of available liquidity; pro forma net debt to annualized adjusted EBITDAre of 3.5x and income-producing gross assets >$7.5B; portfolio of 2,417 properties leased to 400+ tenants, WA lease term ~15 years, occupancy 99.7% and same-store rent growth +1.4%; increased 2026 guidance — AFFO per share to $2.00–$2.05 and investment volume to $1.1B–$1.5B; cash G&A guidance reduced by $1M (new range $30M–$34M) and first-quarter cash G&A was $8M (5% of revenue). Portfolio credit trends remain healthy (rent coverage ~3.5x) despite an isolated tenant bankruptcy affecting seven restaurant sites (~30 bps ABR) with expected recovery near historical ~80%. Management emphasized disciplined, relationship-driven, middle-market sale-leasebacks (notably a 74-property Denny’s portfolio) and a focused approach on fungible assets, diversification across tenants, and maintaining a conservative balance sheet while pursuing accretive deployments.
