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Essential Properties Realty Trust, Inc. Announces Underwriters’ Partial Exercise of Option to Purchase Additional Shares

July 24, 2018

PRINCETON, N.J.--(BUSINESS WIRE)--Jul 24, 2018--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that the underwriters of the Company’s initial public offering of common stock exercised their option to purchase 2,772,191 shares of common stock pursuant to their option to purchase additional shares. The Company expects to issue these shares today, July 24, 2018, subject to customary closing conditions.

The net proceeds from the sale of the option shares are expected to be approximately $36.5 million, after deducting underwriting discounts. The Company intends to use the net proceeds for general corporate purposes, including potential future investments.

Goldman Sachs & Co. LLC and Citigroup Global Markets, Inc. acted as lead book-running managers for the offering and as representatives of the underwriters, Barclays, BofA Merrill Lynch and Credit Suisse acted as joint book-running managers for the offering, and RBC Capital Markets, SunTrust Robinson Humphrey, Evercore ISI and Ladenburg Thalmann & Co. Inc. acted as co-managers for the offering. The offering was made only by means of a prospectus, copies of which may be obtained from: Goldman Sachs & Co. LLC, via email:  prospectus-ny@ny.emails.gs.com; Citigroup, via telephone: (800) 831-9146 or standard mail: Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or Barclays, via email:  barclaysprospectus@broadridge.com, telephone: (888) 603-5847 or standard mail: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has been declared effective under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

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 middle-market companies operating service-oriented or experience-based businesses. As of March 31, 2018, the Company’s portfolio of 530 properties was 99.1% occupied by 127 tenants operating 112 different brands, or concepts, in 15 industries across 42 states.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. In particular, statements pertaining to the closing of the sale of the option shares and the Company’s use of the net proceeds from such sale are forward-looking statements. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. The closing of the sale of the option shares is subject to customary conditions and may be delayed or may not occur at all. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005239/en/

CONTACT: Investor/Media:

Essential Properties Realty Trust, Inc.

Daniel Donlan, 609-436-0619

Senior Vice President, Capital Markets

info@essentialproperties.com

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: CONVENIENCE STORE RESTAURANT/BAR HOME GOODS REIT RETAIL FOOD/BEVERAGE SPECIALTY CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY OTHER RETAIL

SOURCE: Essential Properties Realty Trust, Inc.

Copyright Business Wire 2018.

PUB: 07/24/2018 06:30 AM/DISC: 07/24/2018 06:31 AM

http://www.businesswire.com/news/home/20180724005239/en

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