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RADNOR, Pa. - EQT, a $35.67 billion market cap company with strong financial health according to InvestingPro analysis, announced Wednesday that its Real Estate Industrial Value Fund V has completed the sale of a seven-asset truck terminal portfolio across the United States.
The portfolio, assembled between 2021 and 2022, includes logistics facilities spanning 89 acres across six states with concentrations in Phoenix, Atlanta, Southern California’s Inland Empire, Texas and Wichita. The properties feature more than 312,000 square feet of space and 475 dock-high and drive-in doors.
According to the company’s statement, all sites are fully paved, fenced, and located within three miles of major interstates, providing last-mile access to densely populated markets. The properties are currently leased to various national and regional logistics users.
Prior to the sale, EQT implemented targeted leasing strategies and site improvements to stabilize the portfolio. The transaction is part of the company’s broader disposition strategy for its industrial platform investments.
"This sale reflects the depth of buyer interest for functional, well-located logistics assets," said Matthew Brodnik, Chief Investment Officer at EQT Real Estate, in the press release. "Our team did a tremendous job executing on the value creation plan for these assets."
The company did not disclose the financial terms of the transaction or identify the buyer. CBRE National Partners advised EQT Real Estate on the sale.
In other recent news, EQT Corporation has announced several significant developments. The company has completed a $705.8 million public offering of Waystar shares, selling approximately 7.8 million shares and retaining ownership of about 24.9 million shares. Additionally, an EQT affiliate completed a $344 million offering of Kodiak Gas shares, with Goldman Sachs & Co. LLC serving as the underwriter. On the financial front, Jefferies has adjusted its price target for EQT to $68 while maintaining a Buy rating, expecting strong operational execution in the third quarter of 2025. Bernstein has reiterated its Outperform rating on EQT with a price target of $72, citing an optimistic outlook for Appalachian gas prices. Furthermore, EQT has secured a 20-year liquefied natural gas (LNG) deal with Commonwealth LNG, providing the company with 1.0 million tonnes per annum of liquefaction capacity. This agreement will allow EQT to market and optimize its LNG cargos internationally. These developments reflect EQT’s strategic moves in expanding its market presence and financial standing.
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