Essential Properties Realty Trust prices $400 million in senior notes

Investing.com - Essential Properties Realty Trust (NYSE:EPRT), a $6 billion market cap REIT with strong financial metrics according to InvestingPro, has priced a $400 million offering of 5.400% senior notes due 2035, according to Stifel, which reiterated its Buy rating and $36.00 price target on the stock.

The notes were priced at 98.317% of par value with a yield to maturity of 5.62%, marking the company’s first unsecured bond offering since June 2021.

Stifel noted that this transaction represents Essential Properties’ return to the unsecured bond market after a significant absence.

The research firm expects Essential Properties to continue issuing more unsecured debt in the future as part of its financing strategy.

According to Stifel, the company will likely reduce its reliance on the term loan market as it shifts toward unsecured debt offerings.

In other recent news, Essential Properties Realty Trust Inc. reported its second-quarter earnings for 2025, surpassing market expectations. The company achieved earnings per share of $0.32, slightly above the forecast of $0.31, representing a 3.23% surprise. Essential Properties’ revenue reached $137.06 million, exceeding the anticipated $128.23 million by 6.89%. These results highlight the company’s strong performance during the quarter. Despite the positive earnings and revenue figures, the stock experienced a decline in premarket trading. Analysts have not provided any recent upgrades or downgrades for Essential Properties. Investors will likely keep a close watch on the company’s future announcements for further insights. These developments reflect Essential Properties’ recent financial activities.

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