Essential Properties Realty Trust Inc（EPRT）のニュースとイベントEPRTEssential Properties Realty Trust Inc

Essential Properties Plans to Offer $450 Million of Exchangeable Senior Notes

Essential Properties Realty Trust announced that its operating partnership, Essential Properties, L.P., intends to offer, subject to market and other conditions, $450.0 million aggregate principal amount of exchangeable senior notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company will fully and unconditionally guarantee the Notes on a senior, unsecured basis. The Operating Partnership also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $67.5 million aggregate principal amount of Notes. The Notes will be senior, unsecured obligations of the Operating Partnership and will accrue interest, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on July 15, 2027. The Notes will mature on January 15, 2032, unless earlier repurchased, redeemed or exchanged. Noteholders will have the right to exchange their Notes in certain circumstances and during specified periods. The Operating Partnership will settle exchanges by paying cash up to the principal amount of the Notes exchanged and, if applicable, paying or delivering, as the case may be, cash or shares of the Company's common stock or a combination thereof.

Company Expects 2027 AFFO Per Share Between $2.10 and $2.18

The Company currently expects 2027 AFFO per share on a fully diluted basis to be within a range of $2.10 to $2.18. The guidance range includes an estimate for investment volume of $1B to $1.5B, and Cash G&A expense of $32.0M to $37.0M.

Company Reports Q3 Revenue of $168.671M

Reports Q3 revenue $168.671M, consensus $168.69M. Commenting on the third quarter 2026 results, the Company's Chief Executive Officer, Pete Mavoides, said, "We delivered a strong third quarter, supported by healthy portfolio performance and investment momentum across our origination platform. Our well-positioned balance sheet and capital position provide us with meaningful flexibility to execute on the pipeline of opportunities. With an eye toward 2027, we expect to remain disciplined in our investment approach, ensuring that our cap rates appropriately reflect the evolving cost of capital environment, while continuing to serve as a trusted capital partner to our operators and drive attractive risk-adjusted returns for our shareholders."