Equity OfferingApr 7, 2026, 08:16 AM
Essential Properties Realty Trust Announces $419 Million Equity Raise in Q1 2026
AI Summary
Essential Properties Realty Trust (EPRT) announced it raised approximately $419 million of common equity in Q1 2026, including $402 million through a February 2026 overnight forward offering. The company settled $183 million of forward common equity, leaving $541 million unsettled as of April 3, 2026. This equity raise strengthens the company's balance sheet and provides capital for future investments.
Key Highlights
- Raised ~$419mm of common equity in 1Q'26.
- Includes ~$402mm through February 2026 overnight forward offering.
- Settled ~$183mm of forward common equity, leaving ~$541mm unsettled as of April 3, 2026.
- Proforma Net Debt / Annualized Adjusted EBITDAre of 3.1x at 4Q'25-end, adjusted for February 2026 overnight offering.
- ~$1.8bn of pro forma liquidity.