ExchangeRight Declares Dividends and Reports Private Offering Progress

The real estate investment firm continues expanding its capital base while maintaining shareholder returns.

February 19, 2025

Dividend Announcement

ExchangeRight Income Fund, operating as ExchangeRight Essential Income REIT, has announced its latest dividend distribution and provided an update on its ongoing private placement offering.

On January 31, 2025, the company declared a dividend of $0.1449 per share across all classes of its common stock. Investors had the option to receive the payout in cash or reinvest it through the Dividend Reinvestment and Direct Share Purchase Plan (DRIP). The reinvestment rate for the declared dividends and partnership distributions reached 11.2%, with shareholders electing to put those funds back into common shares on February 15, 2025.

Private Placement Update

Alongside the dividend update, ExchangeRight shared details on its private placement offering, which remains open on a continuous basis. The company is offering up to $2.165 billion in common shares across multiple share classes.

As of January 31, 2025, ExchangeRight had raised approximately $483 million, issuing over 17.7 million shares. The breakdown of issued shares includes:

• Class A shares: The largest portion of the issuance


• Class I shares: The second-largest share class


• Class ER shares: A smaller segment of issued stock

Strategic Focus and Market Considerations

ExchangeRight continues to focus on expanding its portfolio of income-generating properties, emphasizing assets it considers resistant to economic downturns and shifts in consumer behavior. The company maintains confidence in its approach but acknowledges risks tied to:

• Real estate market conditions


• Tenant performance and lease renewals


• Economic uncertainty and inflation


• Regulatory and compliance factors

By maintaining consistent shareholder distributions and progressing on its capital-raising efforts, ExchangeRight is positioning itself for continued growth while managing the challenges of an evolving market.