# Essential Properties Raises 2026 AFFO Floor to $2.02 Per Share

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/37698
Published: 2026-10-22T09:49:18.000Z
Updated: 2026-10-22T09:49:18.000Z
Section: Business

> Third-quarter revenue reached $168.671 million, and the trust set an initial 2027 AFFO range of $2.10 to $2.18 per diluted share.

Essential Properties Realty Trust lifted the minimum of its 2026 adjusted funds from operations (AFFO) outlook to $2.02 per diluted share after third-quarter revenue rose to $168.671 million from $144.934 million a year earlier.

The quarter ended Sept. 30, 2026. Diluted funds from operations (FFO) was $0.54 per share, up from $0.52 in the year-earlier quarter. Diluted Core FFO reached $0.55 per share, compared with $0.52, while diluted AFFO increased to $0.51 from $0.48.

The company’s updated 2026 AFFO range is $2.02 to $2.05 per diluted share, up from its previous range of $2.01 to $2.05. Its initial 2027 forecast is $2.10 to $2.18 per diluted share.

Diluted net income declined 18% to $0.27 per share from $0.33. The trust closed investments worth $342.2 million across 100 properties during the quarter, at a 7.7% weighted average cash cap rate.

Most of the trust’s properties have one tenant and are leased long term to service-oriented or experience-based businesses. As of Sept. 30, its portfolio included 2,580 properties and was 99.6% leased, with a 14.2-year weighted average lease term.

“We delivered a strong third quarter, supported by healthy portfolio performance and investment momentum across our origination platform,” Chief Executive Officer Pete Mavoides said.