PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced today the pricing of an underwritten public offering by certain selling stockholders affiliated with Eldridge Industries of 22,859,406 shares of common stock at a public offering price of $19.75 per share. The offering is expected to result in gross proceeds to the selling stockholders of approximately $451.5 million. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,428,910 shares of common stock. The offering is expected to close on July 22, 2019, subject to customary closing conditions.

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.