EPRT 424B5: Secondary offering

Essential Properties Realty Trust

Filed with the SEC on · accession 0001628280-26-049588

EPRT filed a 424B5 (prospectus (offering)) with the SEC on Jul 24, 2026. Essential Properties Realty Trust filed a prospectus supplement for an at-the-market equity offering of up to $750 million of common stock, replacing a prior ATM agreement. The stock moved +0.7% by the first close after the filing.

Summary of the filing

Essential Properties Realty Trust filed a prospectus supplement for an at-the-market equity offering of up to $750 million of common stock, replacing a prior ATM agreement. The offering may involve forward sale agreements with multiple banks.

Key details

Maximum aggregate gross sales price of offering$750.0M
Aggregate gross sales price previously sold under prior ATM agreement$470.1M
IssuerEssential Properties Realty Trust, Inc.
AgentBofA Securities, Inc.
AgentBarclays Capital Inc.
AgentBMO Capital Markets Corp.
AgentBNP Paribas Securities Corp.
AgentCantor Fitzgerald & Co.
AgentCapital One Securities, Inc.
AgentCitigroup Global Markets Inc.
AgentCitizens JMP Securities, LLC
AgentEvercore Group L.L.C.
AgentGoldman Sachs & Co. LLC
AgentHuntington Securities, Inc.
AgentMizuho Securities USA LLC
AgentMorgan Stanley & Co. LLC
AgentNomura Securities International, Inc.
AgentRaymond James & Associates, Inc.
AgentRegions Securities LLC
AgentScotia Capital (USA) Inc.
AgentStifel, Nicolaus & Company, Incorporated
AgentTD Securities (USA) LLC
AgentTruist Securities, Inc.
AgentWells Fargo Securities, LLC

How EPRT stock reacted

Close before

$32.10

Jul 23, 2026

First close after

+0.75%

$32.34

5 trading days

-2.59%

$31.27

Since filing

-12.87%

$27.97

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Frequently asked questions

What did EPRT file with the SEC on Jul 24, 2026?

EPRT filed a 424B5 (Secondary offering). Essential Properties Realty Trust filed a prospectus supplement for an at-the-market equity offering of up to $750 million of common stock, replacing a prior ATM agreement. The offering may involve forward sale agreements with multiple banks.

What does a secondary offering mean for EPRT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did EPRT stock react to this filing?

EPRT closed at $32.10 before the filing and $32.34 on Jul 24, 2026 (+0.75%). Five trading days later: $31.27 (-2.59%).

Other EPRT SEC filings

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