other material
confidence high
sentiment neutral
materiality 0.50
Essential Properties Realty Trust launches 9.43M share forward sale for general corporate purposes
ESSENTIAL PROPERTIES REALTY TRUST, INC.
- Offering of 9,430,000 shares closed on March 20, 2025; underwriters exercised full over-allotment option.
- Shares sold on forward basis; company expects to deliver shares by September 18, 2026 for cash proceeds.
- Net proceeds to be contributed to Operating Partnership for general corporate purposes, including future investments.
- Forward sale agreements executed with Wells Fargo Securities and BofA Securities affiliates.