Essential Properties Q3 AFFO per share rises, lifts 2026 outlook

By Reuters News


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:


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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