Essential Properties Q3 AFFO per share rises, lifts 2026 outlook

Essential Properties Realty Trust

Wed 21:18

Overview
US net lease REIT's Q3 rental revenue rose year-over-year
Q3 AFFO per share rose 6% year-over-year
Company raised 2026 AFFO guidance and issued 2027 outlook

Outlook
Company raises 2026 AFFO guidance to $2.02-$2.05 per share
Essential Properties sees 2027 AFFO per share at $2.10-$2.18
Company raises 2026 investment volume guidance to $1.3 bln-$1.5 bln

Result Drivers
INVESTMENT ACTIVITY - Co said Q3 results were supported by investment momentum and portfolio performance, per CEO Pete Mavoides
BALANCE SHEET FLEXIBILITY - Co said strong capital position enabled execution of investment pipeline

Company press release: ID:nBwbMFqrwa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Revenue
 
$157.76 mln
 
Q3 Adjusted FFO Per Share
 
$0.51
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified reits peer group is "buy"
Wall Street's median 12-month price target for Essential Properties Realty Trust, Inc. is $37.00, about 43.6% above its October 20 closing price of $25.76
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Oct 20 - Agree Realty Q3 net income per share up 18.5%; raises FY26 AFFO guidance
Oct 21 - Real estate investment trust UDR raises 2026 outlook
Oct 20 - Equity LifeStyle Q3 revenue beats estimates on rental income growth, occupancy gains

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)