Essential Properties Realty Raises 2026 AFFO Guidance Outlook

An announcement from Essential Properties Realty ( (EPRT) ) is now available.

Essential Properties Realty Trust reported that for the fourth quarter of 2025, net income per share rose 13% to $0.34 and AFFO per share increased 9% to $0.49, supported by $295.8 million of new investments at a 7.7% cash cap rate and $48.1 million of dispositions at a 6.9% cap rate. For full-year 2025, the REIT invested $1.3 billion across 270 properties at a 7.9% cash cap rate, lifted net income per share 11% to $1.28 and AFFO per share 9% to $1.89, raised substantial equity and $400 million of 10-year debt, and entered 2026 with pro forma net debt to annualized adjusted EBITDAre of 3.8x and increased 2026 AFFO guidance to $1.99–$2.04 per share.

The company’s portfolio at year-end 2025 comprised 2,300 largely service-oriented assets with a 14.4-year weighted average lease term, 3.6x rent coverage and 99.7% occupancy, while top-10 tenants represented 16.5% of cash rent and 66.8% of cash rent was under master leases. Management highlighted that scaling of the asset base, driven largely by sale-leaseback transactions and repeat-relationship deals, underpinned AFFO growth and positions the REIT for continued expansion, reinforced by $239.2 million of additional investments completed after the quarter end and an upgraded 2026 outlook.

The most recent analyst rating on (EPRT) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on Essential Properties Realty stock, see the EPRT Stock Forecast page.

Spark’s Take on EPRT Stock

According to Spark, TipRanks’ AI Analyst, EPRT is a Outperform.

Essential Properties Realty’s strong financial performance and positive earnings call guidance are the most significant factors driving the score. The technical analysis suggests caution due to bearish momentum, while valuation metrics indicate moderate attractiveness. Recent corporate events further support a positive outlook.

To see Spark’s full report on EPRT stock, click here.

More about Essential Properties Realty

Essential Properties Realty Trust, Inc. is a U.S. net-lease real estate investment trust focused on service-oriented and experience-based properties, with 91.5% of cash annual base rent derived from these sectors. As of December 31, 2025, the company owned 2,300 properties totaling 25.9 million rentable square feet, boasting a 14.4-year weighted average lease term and 99.7% occupancy, with relatively low tenant concentration across its top tenants.

Average Trading Volume: 1,758,804

Technical Sentiment Signal: Strong Buy

Current Market Cap: $6.25B

For an in-depth examination of EPRT stock, go to TipRanks’ Overview page.