Essential Properties (NYSE: EPRT) lifts dividend to $0.32, $1.28 annualized
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Essential Properties Realty Trust, Inc. announced that its Board declared a quarterly cash dividend of $0.32 per share of common stock for the second quarter of 2026, representing an annualized dividend of $1.28 per share. This reflects an increase of approximately 3% and $0.04 per share over the prior annualized dividend. The dividend will be paid on July 14, 2026 to stockholders of record as of June 30, 2026.
As of March 31, 2026, the company’s portfolio included 2,417 freestanding net lease properties, with a weighted average lease term of 14.6 years and a weighted average rent coverage ratio of 3.5x. The portfolio was 99.7% leased to tenants operating 662 different concepts across 48 states, underscoring a broad and diversified tenant base.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $0.32 per share
Annualized dividend: $1.28 per share
Dividend increase: $0.04 per share
+5 more
8 metrics
Quarterly dividend
$0.32 per share
Declared for second quarter of 2026
Annualized dividend
$1.28 per share
Based on Q2 2026 dividend rate
Dividend increase
$0.04 per share
Increase in annualized dividend vs prior level
Number of properties
2,417 properties
Portfolio size as of March 31, 2026
Weighted average lease term
14.6 years
Lease term across portfolio as of March 31, 2026
Weighted average rent coverage
3.5x
Tenant rent coverage ratio as of March 31, 2026
Occupancy
99.7% leased
Portfolio leased percentage as of March 31, 2026
Tenant concepts and states
662 concepts across 48 states
Tenant and geographic diversification as of March 31, 2026
Key Terms
REIT, net leased, weighted average lease term, weighted average rent coverage ratio, +1 more
5 terms
REIT financial
"Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties"
A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.
net leased financial
"properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses"
A net leased property is a real estate arrangement where the tenant not only pays rent but also covers some or all ongoing property costs like taxes, insurance, and maintenance. For investors this matters because it makes income more predictable and lowers the landlord’s operating expenses and risk—similar to renting a car where the renter also pays for fuel and upkeep, leaving the owner with steadier, more passive returns.
weighted average lease term financial
"the Company’s portfolio consisted of 2,417 freestanding net lease properties with a weighted average lease term of 14.6 years"
Weighted average lease term is the average remaining length of all leases in a property or group of properties, calculated so leases that pay more rent count more than small ones. It matters to investors because a longer weighted average lease term means steadier, more predictable rental income and less near-term risk of vacancies or renegotiations—think of it like the average remaining time on a group of paid subscriptions, weighted by subscription size.
weighted average rent coverage ratio financial
"with a weighted average lease term of 14.6 years and a weighted average rent coverage ratio of 3.5x"
annualized dividend financial
"The second quarter 2026 dividend represents an annualized dividend of $1.28 per share of common stock"
Annualized dividend is the amount of dividend income a shareholder would receive over a full year, calculated from the most recent dividend payment pattern (for example, multiplying a quarterly payment by four or summing declared payments over 12 months). It matters to investors because it converts periodic payouts into a common yearly figure for comparing income potential and estimating cash return per share—like turning monthly rent into an annual rent figure to judge which property pays more.
FAQ
What dividend did Essential Properties Realty Trust (EPRT) declare for Q2 2026?
Essential Properties Realty Trust declared a quarterly dividend of $0.32 per share for Q2 2026. This equates to an annualized dividend of $1.28 per share, reflecting the company’s ongoing commitment to returning cash to shareholders through regular distributions.
How much did Essential Properties (EPRT) increase its annualized dividend?
Essential Properties increased its annualized dividend by $0.04 per share to $1.28 per share. The company described this as an increase of approximately 3% over the prior annualized dividend, signaling a modest raise in regular cash payouts.
When will EPRT’s new Q2 2026 dividend be paid and what is the record date?
The Q2 2026 dividend will be paid on July 14, 2026 to shareholders of record as of the close of business on June 30, 2026. Investors must be on the company’s books by that record date to receive the payment.
How large is Essential Properties Realty Trust’s (EPRT) real estate portfolio?
As of March 31, 2026, Essential Properties’ portfolio consisted of 2,417 freestanding net lease properties. These properties are primarily single-tenant assets net leased on a long-term basis to service-oriented or experience-based businesses across many different industries.
What is the occupancy level of EPRT’s portfolio and how diversified is it?
As of March 31, 2026, Essential Properties’ portfolio was 99.7% leased to tenants operating 662 different concepts across 48 states. This high occupancy and broad tenant mix highlight significant geographic and industry diversification within the REIT’s holdings.
What are EPRT’s key lease metrics, such as lease term and rent coverage?
As of March 31, 2026, the portfolio had a weighted average lease term of 14.6 years and a weighted average rent coverage ratio of 3.5x. These metrics indicate long remaining lease durations and tenants whose operating cash flows significantly exceed their rent obligations.