05:51 AM EDT, 03/19/2025 (MT Newswires) -- Essential Properties Realty Trust ( EPRT ) said Tuesday that it priced an underwritten public offering of 8.2 million shares of its common stock on a forward basis for total expected gross proceeds of about $254.2 million, upsized from 8 million shares.

The company granted the underwriters a 30-day option to buy up to an additional about 1.2 million shares of its common stock. The offering is expected to close on Thursday.

Essential Properties also entered into forward sale agreements with the underwriters, Wells Fargo Securities and BofA Securities, with respect to the shares in the offering.

The company said it plans to contribute any net proceeds from the settlement of the forward sale agreements to its operating partnership in exchange for OP Units, which will be used for general corporate purposes.