Essential Properties Realty Trust Inc

In a Stage 2 advancing (post-pullback corrective repair), the medium-term bias for EPRT remains bullish on clear higher highs and higher lows with rising 9/21 EMAs supporting price, but the asset is currently extended above its EMAs with extreme overbought readings. Consistent with the Stable strategy, execution should be deferred for a shallow pullback into the rising EMAs or the breakout support zone around 31.8–31.3 for a higher-probability entry.

• ↑Declared Q1 dividend of $0.32/share, AFFO payout ratio 62%
• ↑Q1 AFFO $0.50/share (+11% YoY); 2026 AFFO guide $2.00–2.05/share
• ↓Top-10 tenants account for ~16% of ABR; casual dining sectors weakening