Essential Properties raises 2025 AFFO guidance as Q3 net income per share rises 22%
Essential Properties Realty Trust reported third quarter 2025 results on October 22, 2025, with diluted net income per share of $0.33, up from $0.27 a year earlier, and AFFO per share of $0.48, up 12%. The company raised its 2025 AFFO per share guidance to $1.87 to $1.89 and issued 2026 guidance of $1.98 to $2.04 per share, which affects shareholders' expectations for future cash earnings.
Key points
- Q3 2025 total revenues were $144.9 million, up from $117.1 million in Q3 2024
- Closed $369.8 million of investments across 87 properties at an 8.0% weighted average cash cap rate
- 2025 AFFO per share guidance raised to $1.87 to $1.89, with 2026 AFFO guidance of $1.98 to $2.04
- Quarterly dividend of $0.30 per share was paid October 14, 2025; management will hold a conference call October 23, 2025 at 10:00 a.m. ET
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.