ExchangeRight has announced that the Net Asset Value (“NAV”) per share of the Essential Income REIT has increased to $27.30 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 September 30, 2025.
As of September 30, 2025, the Essential Income REIT’s portfolio includes 361 properties net leased to 39 primarily investment-grade tenants successfully operating in the necessity-based retail and healthcare industries and diversified across 35 states, providing added value for investors through ExchangeRight’s aggregation strategy. The past performance of the REIT does not guarantee future results.
The Essential Income REIT’s monthly distribution rate to investors has remained stable and grown five times since its 2019 launch and throughout unprecedented economic volatility. The REIT’s Adjusted Funds From Operations (“AFFO”) continue to fully cover its current annualized net distribution of 6.37% for Class I shares, 6.12% for Class D shares, 5.29% for Class S shares, 5.99% for Class A shares, and 5.99%–6.37% for Class ER shares. The REIT’s AFFO-to-distribution coverage is 103.74% since inception through September 30, 2025, its most recently reported period. This excess distribution coverage helps to ensure that investors are paid exclusively from its operations and not from financing, forced sales, or investors’ capital. The past performance of the REIT does not guarantee future results.
About ExchangeRight’s Essential Income REIT
The Essential Income REIT, a Maryland statutory trust, is a self-administered real estate company, formed on January 11, 2019. The REIT is available to accredited investors only and focuses on investing in single-tenant, primarily investment-grade net-leased real estate. The REIT has fully covered its dividend with Adjusted Funds From Operations since its inception and through its most recently reported period. The past performance of the REIT is no guarantee of future results. The Company, through its operating partnership, ExchangeRight Income Fund Operating Partnership, LP, owns 361 properties in 35 states (collectively, the “Trust Properties”) as of September 30, 2025. The Trust Properties are occupied by 39 different primarily national investment-grade necessity-based retail tenants and are additionally diversified by industry, geographic region, and lease term. The Company has elected and is qualified to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. Please visit the REIT’s webpage to learn more. The past performance of the REIT and ExchangeRight does not guarantee future results.
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com
