Essential Properties Q2 2026 Earnings Release with Increased Guidance

Essential Properties Realty Trust reported strong second quarter 2026 results, with AFFO per share of $0.50 (up 9% year-over-year) and net income per share of $0.34 (up 6%). The company closed $332.4 million in new investments at a 7.8% weighted average cash cap rate and completed $54.3 million in dispositions. Management increased 2026 AFFO guidance to $2.01-$2.05 per share (from $2.00-$2.05) and raised investment volume guidance to $1.2-$1.5 billion (from $1.1-$1.5 billion). The portfolio remains healthy with 99.6% occupancy, 14.3-year weighted average lease term, and 3.5x rent coverage ratio. The company also issued $400 million in 10-year senior unsecured notes at 5.38% and raised additional equity through its ATM program.