EPRT earnings delivered third-quarter adjusted funds from operations in line with analyst expectations, while revenue rose and expenses increased sharply. Essential Properties Realty Trust shares gained 3.62% to $25.79 in after-hours trading on October 21, 2026, following the results.
Key Takeaways
- Third-quarter AFFO per share was $0.51, matching analyst expectations.
- Total revenue increased to $168.67 million from $144.93 million a year earlier, while expenses reached $78.40 million.
- The company narrowed its 2026 AFFO guidance and projected 2027 AFFO per share of $2.10–$2.18, slightly below consensus.
Table of Contents
- EPRT earnings pair higher revenue with expense pressure
- 2027 forecast comes in below consensus
- Company overview
EPRT earnings pair higher revenue with expense pressure
Rental revenue reached $157.76 million, exceeding estimates, as total revenue increased from the year-earlier quarter. However, the sharp rise in total expenses to $78.40 million put pressure on margins.
2027 forecast comes in below consensus
Essential Properties narrowed its 2026 AFFO guidance and introduced a 2027 forecast of $2.10 to $2.18 per share, slightly below analyst consensus.
Company overview
Essential Properties is an internally managed U.S. real estate investment trust focused on single-tenant commercial properties under long-term net leases, primarily with middle-market tenants. Its properties serve businesses including restaurants, automotive services, medical offices and convenience stores.
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