Essential Properties Realty Trust Prices Upsized Public Offering Of 9M Common Stock At $24.75/Share
Portfolio Pulse from Benzinga Newsdesk
Essential Properties Realty Trust, Inc. (EPRT) has upsized and priced its public offering of 9 million shares at $24.75 each, originally planned for 8 million shares. The offering is set to close on March 14, 2024, pending customary closing conditions.
March 12, 2024 | 6:33 am
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Essential Properties Realty Trust, Inc. has upsized its public offering to 9 million shares at $24.75 each, expected to close on March 14, 2024.
The upsizing of the public offering indicates a strong demand for EPRT shares, which could be positive. However, the increase in share supply might temporarily pressure the stock price. The final impact will depend on investor reception and market conditions at closing.
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