Essential Properties Q3 AFFO per share rises, lifts 2026 outlook
EPRT•Essential Properties’ third-quarter AFFO per share rose 6% year over year to $0.51, while rental revenue was $157.76 million. The company raised its 2026 AFFO guidance to $2.02-$2.05 per share and investment volume guidance to $1.3 billion-$1.5 billion, and forecast 2027 AFFO of $2.10-$2.18 per share.
1. Quarterly results
Essential Properties reported third-quarter rental revenue of $157.76 million and adjusted funds from operations (AFFO) of $0.51 per share, up 6% year over year.
2. Raised outlook
The company raised its 2026 AFFO guidance to $2.02-$2.05 per share and investment volume guidance to $1.3 billion-$1.5 billion. It issued 2027 AFFO per-share guidance of $2.10-$2.18. CEO Pete Mavoides said investment momentum and portfolio performance supported quarterly results, while the company said its capital position enabled it to execute its investment pipeline.
