Essential Properties drops on planned stock sale

ReutersMar 18, 2025 8:48 PM

Shares of Essential Properties Realty Trust EPRT.N down 2.4% at $31 in extended trading as co plans equity raise

Princeton, New Jersey-based commercial net-lease REIT commences 8 mln share offering on forward sale basis

Co to enter into 18-mth forward sales agreements with jt bookrunners Wells Fargo and BofA Secs

Upon settlement of such agreements, co to use net proceeds for general purposes, including potential future investments

Co has ~187.7 mln shares outstanding giving it ~$6 bln market cap, per LSEG data

EPRT shares on Tues closed down 0.4% at $31.75. Stock up 1.5% YTD and up ~25% over the past 12 months

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