ExchangeRight has announced that the Net Asset Value (“NAV”) of the Essential Income REIT has increased to $27.58 per share based in part on an independent real estate valuation of the REIT’s real estate by KPMG combined with its other assets and liabilities as of March 31, 2026.
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The Net Asset Value (“NAV”) of the Essential Income REIT has increased to $27.58 per share based in part on an independent real estate valuation of the REIT’s real estate by KPMG combined with its other assets and liabilities as of March 31, 2026.
As of March 31, 2026, the Essential Income REIT’s portfolio includes 397 properties net-leased to 40 primarily investment-grade tenants successfully operating in the necessity-based retail and healthcare industries and diversified across 37 states, providing added value for investors through ExchangeRight’s aggregation strategy.
Last month the REIT expanded the committed capacity for its revolving line of credit from $185 million to $600 million, more than tripling its existing lender commitments. Wells Fargo serves as the lead arranger of the Credit Facility, with Fifth Third Bank, KeyBanc Capital Markets, and Truist Bank as joint lead arrangers, and including Synovus, First Horizon Bank, and Renasant Bank as additional lending participants.
The Essential Income REIT’s monthly distribution rate to investors has remained stable and has grown five times since its 2019 launch and throughout multiple periods of economic volatility. The REIT’s Adjusted Funds From Operations (“AFFO”) continue to fully cover its current annualized distributions for all of its shares, as has been the case since its inception. Current net distribution rates are 6.30% for Class I shares, 6.05% for Class D shares, 5.23% for Class S shares, and 5.93% for Class A shares. The past performance of the REIT does not guarantee future results.
About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $7.2 billion in assets under management that are diversified across over 1,400 properties and 28 million square feet throughout 47 states, as of March 31, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income, and strategic exits, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
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