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Essential Properties Realty Trust has launched an at-the-market (ATM) equity offering that allows it to issue up to USD 750 million worth of common stock, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). The programme provides the real estate investment trust (REIT) with the flexibility to raise capital over time based on market conditions instead of issuing shares in a single transaction. The proceeds are expected to support the company's investment pipeline, portfolio expansion, debt management and other general corporate requirements.
Essential Properties Realty Trust has entered into an at-the-market (ATM) equity offering programme under which it may sell up to USD 750 million of its common stock, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC). The filing indicates that the company has established the programme to provide additional financial flexibility for future capital requirements.
An ATM offering enables a listed company to issue new shares periodically through the open market instead of raising capital through a single large equity sale. This approach allows companies to access funds gradually, depending on market conditions and capital needs, while potentially reducing the market impact of a large share issuance.
The SEC filing did not indicate that the entire USD 750 million would be raised immediately. Instead, the programme gives Essential Properties Realty Trust the option to issue shares from time to time, subject to market conditions and the company's funding requirements. Proceeds from such offerings are generally used for investments, acquisitions, debt repayment, working capital and other corporate purposes, as outlined in the filing.
Essential Properties Realty Trust is a U.S.-based real estate investment trust focused primarily on acquiring, owning and managing single-tenant commercial properties that are leased on a long-term net basis. The company has continued to expand its portfolio through sale-leaseback transactions across multiple industries.
The latest equity programme comes after the REIT maintained an active investment pace during the first quarter of 2026. During that period, the company deployed hundreds of millions of dollars into new property acquisitions and also raised equity to support its investment pipeline while maintaining a relatively low leverage position and strong liquidity.
Source Reuters
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