Essential Properties Realty Trust Announces Pricing Of Upsized Public Offering Of 10.44M Shares At $23/Share
Portfolio Pulse from Benzinga Newsdesk
Essential Properties Realty Trust has announced the pricing of an upsized public offering of 10.44 million shares at $23 per share.
September 14, 2023 | 1:09 pm
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NEGATIVE IMPACT
Essential Properties Realty Trust's upsized public offering could lead to a dilution of existing shares, potentially impacting the stock price.
The upsized public offering means more shares of EPRT are being sold, which could dilute the value of existing shares. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100