| Previous Close | 21.94 |
| Open | 21.85 |
| Bid | 21.86 x 1100 |
| Ask | 21.86 x 800 |
| Day's Range | 21.80 - 22.03 |
| 52 Week Range | 13.05 - 22.46 |
| Volume | 133,433 |
| Avg. Volume | 968,040 |
| Market Cap | 1.672B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | 42.46 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.88 (4.02%) |
| Ex-Dividend Date | 2019-06-27 |
| 1y Target Est | N/A |
- Closed Investments of $190.3 Million at a 7.3% Weighted Average Cash Cap Rate -
Essential Properties Realty Trust, Inc. , announced today that the Company will release its operating results for the second quarter ended June 30, 2019 after the market closes on Wednesday, August 7, 2019.
The Company is not selling any shares and will not receive any proceeds from such offering. The offering of the common stock is being made pursuant to the Company’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
The offering is expected to result in gross proceeds to the selling stockholders of approximately $451.5 million. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,428,910 shares of common stock.
In addition, the Selling Stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 2,587,500 shares of common stock. The Company is not selling any shares and will not receive any proceeds from such offering. The offering of the common stock is being made pursuant to the Company’s effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
Essential Properties Realty Trust, Inc. announced today that its Board of Directors declared a quarterly cash dividend of $0.22 per share of common stock for the second quarter of 2019.
- Achieved Current All-In Interest Rate of 3.263% on Senior Unsecured Term Loan -- Increased Weighted Average Debt Duration by 0.9 years to 4.68 Years -- Reduced Weighted Average I
- Raised $234.6 Million in Net Proceeds from First Follow-On Offering of 14,030,000 Shares -
Essential Properties Realty Trust, Inc. , announced today that the Company will release its operating results for the first quarter ended March 31, 2019 after the market closes on Wednesday, May 8, 2019.
“Essential Properties” or the “Company”), announced today that the Company has closed an amended and restated $600 million senior unsecured credit facility. The amended and restated credit facility consists of a $400 million unsecured revolving credit facility and a new $200 million five-year unsecured term loan. The revolving credit facility will mature in April 2023 with an option to extend the maturity date to April 2024, and the five-year term loan will mature in April 2024.
Subject to customary closing conditions, the Company expects to issue all 14,030,000 shares of common stock on March 18, 2019. The Company expects to use the net proceeds to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including potential future investments. Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, Goldman Sachs & Co. LLC and RBC Capital Markets are acting as the joint book-running managers for the offering.
The Company has granted the underwriters a 30-day option to purchase up to an additional 1,830,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including potential future investments. The offering was upsized from the previously announced offering size of 10,600,000 shares of common stock.
The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,590,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including potential future investments. All of the shares are being offered by the Company.
Essential Properties Realty Trust, Inc. announced today that its Board of Directors declared a quarterly cash dividend of $0.21 per share of common stock for the first quarter of 2019.
- Closed Investments of $103.7 Million at a 7.6% Weighted Average Cash Cap Rate -
Essential Properties Realty Trust, Inc. , announced today that the Company will release its operating results for the fourth quarter and full year ended December 31, 2018 after the market closes on Wednesday, February 27, 2019.
Essential Properties Realty Trust, Inc. announced today that its Board of Directors declared a quarterly cash dividend of $0.21 per share of common stock for the fourth quarter of 2018.
- Closed Quarterly Investments of $133.1 Million at a 7.7% Wtd. Avg. Cash Cap Rate -
Essential Properties Realty Trust, Inc. , announced today that the Company will release its operating results for the third quarter ended September 30, 2018 before the market opens on Monday, November 5, 2018.
Essential Properties Realty Trust, Inc. announced today that its Board of Directors declared a cash dividend of $0.224 per share of common stock. The dividend is comprised of $0.21 for the third quarter ending September 30, 2018 and $0.014 for the six days of the second quarter ended June 30, 2018 following the closing of the Company’s initial public offering.