EPRT Essential Properties Realty Trust (EPRT) Q2 FY26 earnings call
Essential Properties reported a strong second quarter, driven by robust investment activity at attractive cap rates and disciplined capital management. The company raised its full-year AFFO per share and investment volume guidance, underscoring confidence in its growth strategy and balance sheet strength. Management continues to focus on portfolio diversification and efficient capital deployment, while acknowledging potential future dilution from debt refinancing and equity accounting.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
EPRT operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Properties | 2,417We ended the quarter with investments in 2,417 properties that were leased to over 400 tenants.Source: earnings call transcript | 2,493We ended the quarter with investments in 2,493 properties that were leased to over 500 tenants.Source: earnings call transcript | 2,580We ended the quarter with investments in 2,580 properties that were leased to tenants operating over 700 concepts.Source: earnings call transcript | +3.5% |
| Occupancy rate | 99.7%Overall, our portfolio credit trends remain healthy with same-store rent growth in the first quarter of 1.4% and occupancy of 99.7% and just 7 vacant properties.Source: earnings call transcript | 99.6%Our occupancy remains strong at 99.6% with only 9 vacant properties.Source: earnings call transcript | 99.6%Our portfolio continued to deliver solid and consistent performance this quarter with same-store rent growth of 1.4%, healthy rent coverage of 3.5x and occupancy of 99.6% and a reduction in our tenant credit watch list.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.