Essential Properties Realty Trust launches at-the-market common stock offering, no fixed size

Filed July 24, 2026 · ~2 min read

Key Changes

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  At-the-market offering of common stock with no fixed offering size or price; shares will be sold through agents at prevailing market prices (last reported NYSE price $27.60/share as of June 14, 2024).

  The Offering verify on EDGAR →
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  Net proceeds will fund general corporate purposes including debt repayment (company has $1.73 billion in term loans outstanding as of July 22, 2026, with maturities from February 2027 to January 2030), working capital, capex, and future investments.

  Use of Proceeds verify on EDGAR →
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  Company expects to use forward sale agreements (all ATM transactions since October 2024 have been forward sales); forward purchasers can force early settlement if stock borrow becomes difficult or costly, potentially causing dilution at inopportune times.

  Risk Factors verify on EDGAR →