Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Primary Public Offering of Common Stock

Author's Avatar
Sep 18, 2020
Article's Main Image

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 8,800,000 shares of its common stock at a public offering price of $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,320,000 shares of common stock. The Company expects to use the net proceeds from the offering for general corporate purposes, including potential future investments. The offering was upsized from the previously announced offering size of 8,000,000 shares of common stock. All of the shares are being offered by the Company, and the offering is expected to close on September 22, 2020.