Essential Properties Realty Trust: Entered Into Atm Equity Offering Sales Agreement Relating To Offering Of Common Stock Of Up To $500M
Portfolio Pulse from Benzinga Newsdesk
Essential Properties Realty Trust (EPRT) has entered into an ATM equity offering sales agreement to offer common stock worth up to $500 million, according to an SEC filing.
June 17, 2024 | 8:30 pm
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Essential Properties Realty Trust (EPRT) has entered into an ATM equity offering sales agreement to offer common stock worth up to $500 million. This move could lead to short-term dilution of existing shares but also provides the company with additional capital for growth.
The announcement of an ATM equity offering typically leads to short-term dilution of existing shares, which can negatively impact the stock price. However, the raised capital can be used for growth initiatives, which may benefit the company in the long term.
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