EPRT reports 3.5x pro forma net debt/EBITDA and $1.7B liquidity

Essential Properties Realty Trust (EPRT) says it has 3.5x pro forma net debt/EBITDA, $1.7B liquidity, a 99.6% leased portfolio, and ~1.5% rent growth. It also reports closing ~$136M in Q3 deals and $702M under LOIs, with ~7.6% cash yield; Mizuho trimmed its price target to $30 and EPRT highlights ESG and risk initiatives.