Welcome to our dedicated page for Essential Properties Realty Trust SEC filings (Ticker: EPRT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Essential Properties Realty Trust filings document the formal disclosures of an internally managed net lease REIT focused on primarily single-tenant properties leased to service-oriented and experience-based businesses. Its 8-K reports furnish quarterly earnings releases, investor presentations and supplemental information covering operating results, portfolio activity, leverage, liquidity and REIT performance measures.
The company’s filings also record common stock offerings, underwriting and forward sale agreements, dividend declarations, Regulation FD materials, and governance disclosures. Proxy materials address board matters, shareholder voting, executive compensation and related governance practices, while material-event amendments cover executive employment arrangements and other corporate updates.
Essential Properties Realty Trust entered into an underwriting and forward sale structure for 12,499,999 shares of common stock, including 1,630,434 shares from the underwriters’ fully exercised option. The offering closed on February 19, 2026 and was executed on a forward basis through multiple bank counterparties.
Forward sellers have already borrowed and sold the 12,499,999 shares, while the company plans to physically settle the forward sale agreements by delivering the same number of shares by February 17, 2028 in exchange for cash at a forward sale price based on the public offering price, net of underwriting discounts and subject to adjustments.
The company expects to contribute the net cash proceeds from settling the forwards to its operating partnership in exchange for partnership units, and the operating partnership intends to use these funds for general corporate purposes, including potential future investments.
Essential Properties Realty Trust, Inc. is registering 10,869,565 shares of common stock (or 12,499,999 shares if the underwriters’ option is exercised in full) for delivery in this offering.
The shares are being delivered pursuant to forward sale agreements with four forward purchasers and the company states that it will not receive proceeds from the sale of shares by the forward purchasers at the time of the underwriters’ purchase; the company estimates it would receive approximately $335.8 million assuming full physical settlement, based on an initial forward sale price of $30.9120 per share and after underwriting discounts, with physical settlement anticipated within approximately 24 months from the prospectus supplement date. Shares outstanding were 209,879,818 as of February 12, 2026.
Essential Properties Realty Trust, Inc. plans an offering of 9,500,000 shares of common stock through forward sale agreements with Bank of America, Mizuho, Truist and Wells Fargo, with an additional 1,425,000 shares available to underwriters via a 30‑day option.
The company will not receive cash from the initial share borrow and sale by the forward purchasers but expects to receive proceeds upon physical settlement within about 24 months, which will be contributed to its operating partnership for general corporate purposes, including future investments. Common stock outstanding was 209,879,818 shares as of February 12, 2026, and ownership of any holder is generally capped at 9.8% to support REIT status.
Recent activity includes $239.2 million invested in 83 new properties from January 1 through February 12, 2026, pending and completed 2026 investment activity totaling $501.5 million across 156 properties, and total liquidity of $1.2 billion as of February 12, 2026, supported in part by 11,200,920 shares already sold on a forward basis from which the company expects $342.2 million of net proceeds upon settlement.
Cohen & Steers has reported a significant institutional position in Essential Properties Realty Trust, Inc. (EPRT). As of 12/31/2025, Cohen & Steers, Inc. beneficially owned 18,659,157 shares of EPRT common stock, representing 9.42% of the outstanding class.
The firm had sole voting power over 13,054,951 shares and sole dispositive power over all 18,659,157 shares, with no shared voting or dispositive authority. The stake is held through affiliated entities, including Cohen & Steers Capital Management, UK, Asia, and Ireland units, for the benefit of underlying account holders. Cohen & Steers certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of EPRT.
Essential Properties Realty Trust, Inc. Executive VP and COO Robert M. Jenkins reported equity compensation-related stock transactions. On 02/10/2026 he acquired 34,165 shares of common stock at $0 as part of a 2023 performance-based restricted stock unit award. Half of this award vested immediately upon achievement of performance criteria, and the remaining half is scheduled to vest on December 31, 2026, contingent on continued service. On the same day, 8,738 shares at $31.91 were withheld to cover tax obligations, leaving him with 55,827 shares of common stock directly owned.
Essential Properties Realty Trust executive Peil A Joseph reported equity compensation activity. On 02/10/2026, he acquired 34,165 shares of common stock at $0 under performance-based restricted stock units granted in 2023. Half of this award vested immediately, and the remaining 50% is scheduled to vest on December 31, 2026, contingent on continued service.
On the same date, 8,738 shares were disposed of at $31.91 per share to cover tax obligations, leaving him with 96,182 shares of common stock held directly after these transactions.
Essential Properties Realty Trust insider activity: SVP, CAO & Treasurer Timothy J. Earnshaw acquired 18,449 shares of common stock on February 10, 2026 through a performance-based restricted stock unit award, at a stated price of $0 per share.
The filing notes these shares were earned after meeting 2023 performance criteria, with 50% vesting immediately and the remaining 50% scheduled to vest on December 31, 2026, subject to continued service. On the same date, 3,128 shares were disposed of at $31.91 per share to cover tax obligations, leaving Earnshaw with 71,260 directly owned shares.
ESSENTIAL PROPERTIES REALTY TRUST, INC.’s President and CEO, Peter M. Mavoides, reported stock-based compensation activity involving the company’s common stock.
On February 10, 2026, he acquired 239,180 shares and 164,936 shares at $0 per share upon achievement of performance goals tied to awards granted in 2023 and 2022. For each award, 50% of the shares vested immediately after certification of performance, while the remaining 50% is scheduled to vest on December 31, 2026 and January 5, 2027, subject to continued service.
The filing also shows a disposition of 103,353 shares at $31.91 per share coded as a tax-withholding transaction, used to satisfy tax liabilities upon vesting. After these transactions, Mavoides directly owned 633,517 shares of Essential Properties common stock.
Essential Properties Realty Trust, Inc. reports another year of growth as a net-lease REIT focused on single-tenant, service-oriented and experience-based properties leased to middle‑market operators.
As of December 31, 2025, the portfolio comprised 2,300 properties across 48 states, 99.7% occupied, generating annualized base rent of $555.0 million, with no tenant over 3.4% of rent and a weighted average remaining lease term of 14.4 years.
In 2025 the company completed $1.3 billion of investments in 270 properties (including $94.7 million of mortgage loans), bringing total gross real estate investment (including mortgage loans) to $7.2 billion, funded partly by equity issuances and debt.
Net income for 2025 was $253.7 million, with EBITDAre of $512.7 million, Annualized Adjusted EBITDAre of $562.4 million and net debt of $2.5 billion, resulting in net debt to Annualized Adjusted EBITDAre of 4.4x.
Liquidity totaled $1.4 billion, including cash, revolver capacity and forward equity; the Board declared 2025 common dividends of $1.205 per share.
Essential Properties Realty Trust, Inc. reported strong fourth-quarter and full-year 2025 results and raised its 2026 outlook. Fourth-quarter net income per share rose 13% to $0.34, while AFFO per share increased 9% to $0.49. For 2025, net income per share grew 11% to $1.28 and diluted AFFO per share rose 9% to $1.89, supported by $1.3 billion of investments at a 7.9% weighted average cash cap rate and $130.1 million of dispositions at a 7.0% cap rate. The company increased its 2026 fully diluted AFFO guidance to a range of $1.99 to $2.04 per share, assuming $1.0–$1.4 billion of investment volume. As of December 31, 2025, the portfolio comprised 2,300 properties, 99.7% leased, with a 14.4-year weighted average lease term and 3.6x average unit-level rent coverage. Leverage remained moderate with net debt at 4.4x annualized Adjusted EBITDAre, or 3.8x pro forma for unsettled forward equity, and total available liquidity of about $1.4 billion.