Essential Properties Realty Trust Q2 preliminary AFFO per share up; raises FY guidance - EPRT News | RalliesEssential Properties Realty Trust Q2 preliminary AFFO per share up; raises FY guidance
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EPRT• Outlook
- Company raises 2026 AFFO per share guidance to $2.01-$2.05 from $2.00-$2.05
- Company lifts 2026 investment volume guidance to $1.2 billion-$1.5 billion from $1.1 billion-$1.5 billion
- Company maintains 2026 cash G&A expense guidance at $30 million-$34 million
Overview
- US net lease REIT's preliminary Q2 net income per share rose 6% year over year to $0.34
- Q2 AFFO per share increased 9% year over year to $0.50
- Company raised 2026 AFFO and investment guidance
Result drivers
- Investment activity - Q2 results were driven by $332.4 million invested in 103 properties at a 7.8% weighted average cash cap rate
- - High occupancy and long lease terms supported results, with occupancy and a weighted average lease term
Portfolio performance
99.6%
14.3-year
Capital markets execution - Debt and equity capital needs were largely addressed for the remainder of the year, according to CEO Pete MavoidesAnalyst coverage
- The current average analyst rating on the shares is "buy", with 19 "strong buy" or "buy" ratings, 1 "hold", and no "sell" or "strong sell" ratings
- The average consensus recommendation for the diversified REITs peer group is "buy"
- Wall Street's median 12-month price target for Essential Properties Realty Trust Inc is $37.00, about 11.2% above its July 21 closing price of $33.26
- The stock recently traded at 24 times the next 12-month earnings, versus a P/E of 22 three months ago
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