Essential Properties Q3 EPS down 7% to $0.27; 2025 AFFO guidance $1.84-$1.89
Essential Properties Realty Trust reported third quarter 2024 results, with total revenues of $117.1 million, up from $91.7 million a year earlier, and diluted net income per share of $0.27, down from $0.29. It also issued 2025 AFFO per share guidance of $1.84 to $1.89 and reiterated its 2024 AFFO guidance of $1.72 to $1.75. Revenue and AFFO growth contrast with lower per-share net income, which shareholders will weigh alongside the new 2025 outlook.
Key points
- Total revenues $117.1 million for the quarter, versus $91.7 million in the third quarter of 2023
- Diluted net income per share $0.27, versus $0.29; AFFO per share $0.43, up 2%
- Investments of $307.6 million at a weighted average cash cap rate of 8.1% in the quarter
- 2025 AFFO per share guidance $1.84 to $1.89; 2024 guidance reiterated at $1.72 to $1.75
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.