PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced today that certain selling stockholders affiliated with Eldridge Industries (the “Selling Stockholders”) have commenced an underwritten secondary public offering of 17,250,000 shares of common stock. In addition, the Selling Stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 2,587,500 shares of common stock. The Company is not selling any shares and will not receive any proceeds from such offering.

Citigroup is acting as the sole underwriter of the offering.

About Essential Properties Realty Trust, Inc. 

Essential Properties Realty Trust, Inc. is an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of March 31, 2019, the Company had a portfolio of 711 properties with a weighted average remaining lease term of 14.5 years and a weighted average rent coverage ratio of 2.8x. As of the same date, the Company’s portfolio was 99.9% leased to 172 tenants operating 197 different concepts in 16 distinct industries across 44 states.