Essential Properties Realty Trust, Inc. Announces Public Offering Of 8.7M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Essential Properties Realty Trust, Inc. has announced a public offering of 8.7 million shares of its common stock. The proceeds from the offering will be used for general corporate purposes.
September 13, 2023 | 8:15 pm
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Essential Properties Realty Trust, Inc. is offering 8.7 million shares of its common stock. This could dilute existing shares, potentially leading to a short-term decrease in stock price.
The public offering of 8.7 million shares by Essential Properties Realty Trust, Inc. could lead to dilution of existing shares. This often results in a short-term decrease in stock price as the market adjusts to the increased number of shares. However, the long-term impact will depend on how the company uses the proceeds from the offering.
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