10-Q quarterly report · filed Jul 22, 2026

ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) Q2 2026 10-Q Quarterly Report

Short answer

ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) filed its Q2 2026 10-Q quarterly report on Jul 22, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $162M (up 18.1% year over year) with net income of $74M.

Q2 2026 key financials · XBRL

Revenue
$162M
+18.1% YoY · +1.9% QoQ
Net income
$74M
+17.5% YoY · +24.2% QoQ
Operating margin
64.5%
EPS (diluted)
$0.34
+6.3% YoY · +21.4% QoQ

Source: XBRL data from the ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) Q2 2026 10-Q on SEC EDGAR. USD.

ESSENTIAL PROPERTIES REALTY TRUST, INC. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Investment activity $332.435M, down from $334.041M YoY, across 36 transactions and 103 properties
  • Cash cap rate 7.8% vs 7.9% YoY; GAAP cap rate 9.1% vs 9.7%
  • Rent coverage ratio 2.9x vs 3.4x YoY, the weakest quarterly investment metric
  • Disposition volume $54.258M vs $46.193M YoY, including 15 leased and 2 vacant properties
  • Portfolio annualized base rent $604.9M, occupancy 99.6%, with 97.1% of leases carrying 1.9% annual escalators

Risk Factors

  • New tax-protection risk triggered by property acquisitions involving OP Units and contributor agreements
  • Operational flexibility constrained by restrictions on selling protected properties or repaying allocated indebtedness
  • Tax indemnification payments could materially reduce cash flows and distributions to stockholders
  • Regulatory and compliance risks unchanged from the December 31, 2025 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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